A small-cap iron ore producer with a $150m market cap who earned almost half of that in profits last year, or a childcare operator who bought back $40m of their own shares?
Sam Green and Alfred Chan from Emerald Financial each have 60 seconds to put their investment case forward on a stock on the ASX that they are keeping a close eye on. In this edition, they slug out a battle between Fenix Resources (ASX: FEX) and G8 Education (ASX: GEM).
Having many explorations and tenements nearby, FEX will keep going as long as the price of iron ore holds up. Meanwhile, having secured about $45m net profit last year and then buying back $40m of their own shares, GEM is due for a big cash injection from Government assistance in July 2023 that will support 1.2 million families to pay for childcare.
Keen for more details? Watch below: