You all have been asking me for a long time now to share my own views on stocks that I like and at the same time explain the underlying reasons why I think the selected share is a goer. Today marks my capitulation to these requests and the first company I put forward is really outside the kinds of companies I generally invest in – it's called Audrill Limited (ASL).
This week I interviewed the company’s chief financial officer, Jose Martins, for my SWITZER program on the Sky News Business channel, and I was really impressed with the guy.
Ausdrill is a mining services group that has lifted its net profit by 53% in the past year. Net profit after tax was $112.2 million – a record high – and for the first time, its revenue went over a billion dollars. That was a 25% gain.