Issue link: http://resourceworld.uberflip.com/i/162873
Artic Therm flameless heating units are designed to fully mobile and self-contained for easy deployment in the field." Courtesy of Enterprise Group. Evaluating mining investment opportunities? equipment provided by EOne Limited to complete a construction project. This mutual support arrangement also works to expand the client base. Some of the companies that are existing corporate clients in one business relationship may become potential new customers for other business units in the group to win new contracts. The opportunity to cross-pollinate with integration between business units enables much faster growth than any one division could achieve on its own. Another key advantage is that as a combined entity with a larger overall magnitude of revenue generation, Enterprise Group has greater access to financing options, often at more attractive interest rates, than any of the individual business units independently. The company has secured a $20 million line of credit, and was also able to close a convertible debenture offering to raise $6 million. This easier access to capital has enabled the company to fund a more rapid growth plan and also assisted with key acquisitions. The strategy appears to be working. During the first half of the fiscal year the company reported revenues of $13.7 million, nearly doubling the top line numbers for the same period one year ago. The second half of the year typically represents the stronger operating seasons and therefore one may expect the growth rate to continue to impress. Investors have noticed, and the stock has tripled in 2013 off its lows. However, even considering the current share price of 70 cents, and market capitalization in the $55 million range, the stock still could be considered attractive based on a forward earnings multiple. Management guidance has pinned an earnings target in the range of 12 to 15 cents per share for the full year. If they are able to achieve their goals, there is a good potential this stock may continue its winning streak. n SEPTEMBER 2013 Intierra provides timely and accurate information that supports contact-building, research, competitive anaylsis and financial decisions. Improve your investment opportunities by searching, filtering, exporting and ranking across the key classes of data. • Equity Interests • Financial Ratios • Feasibility Reports • Resource and Reserve Data • Production Data • Capital Raisings • Property Transactions • Financial Reports • Mergers and Acquisitions "Intierra has become an invaluable part of our global mining research capability. If we want an x-ray of a mining business – its projects, people, financials, market cap or researching capital raisings, we use Intierra." Tim Goldsmith, Global Leader Mining Practice PricewaterhouseCoopers For a free trial contact: marketing@intierraRMG.com www.intierraRMG.com www.resourceworld.com 47