Friday, December 08, 2017 1:03:13 PM
Hi Mick, happy holidays!
Some key points...
- Completes successful internal restructuring
- All SEC filings brought current over last couple months
- Assets: $36 million
- Liabilities: $9 million
- Outstanding shares: 13.8 million (close to 80% insider owned)
- Enterprise Value/EBITDA (Takeover Value): $7.35 pps
- Book Value est. $1.50-$2.00
"Aly Energy Services and its subsidiaries provide equipment and services essential to the drilling and development of oil and gas resources, including mud delivery, solids control, fluid management, and directional drilling and measurement-while-drilling services.
The Company serves the Permian Basin (in Texas and New Mexico), Eagle Ford Shale, Utica Shale, Marcellus Shale, Woodford Shale, Granite Wash, Mississippian Lime, and Tuscaloosa Marine Shale. ”
The following link provides a map of the Basins nationwide they do business in. http://www.alyenergy.com/about
The company was started in mid 2012 and was SEC compliant by March of 2013. Between March of 2013 and September of 2017, the company has grown their asset base from $293k to well over $35 million with current liabilities at $8.9 million.
Their YOY revenues for nine months ending Sept. of 2017 have increased by just over 25% as reported at $11,179,000 with an eps. of .03.
Founder, Micki Hidayatallah, also founded Allis-Chalmers Energy Inc. (ACEI) in 2001. In 2008 ACEI was named by Fortune as the 3rd fastest growing company in the USA, ranking #1 in revenue growth. Mr. Hidayatallah later sold the company for $1.1 billion in 2011.
Mr. Hidayatallah, being in his mid 70’s, stepped down to Chairman around May of this year.
Between September and October of this year and since the company appointed Mr. Shauvik Kundagrami as CEO, the company has again become current and SEC compliant.
Mr. Shauvik Kundagrami has been Chief Executive Officer at Aly Energy Services, Inc. since May 01, 2017 and serves as its Director.
Mr. Kundagrami also served as co-head of The Energy Group at RBC for the prior 10 years. (For anyone not familiar with RBC, link provided)
https://www.rbccm.com/en/about-us/history.page
http://www.alyenergy.com
$ALYE Filing(s) Highlights:
Founder, Mr. Hidayatallah explaining the successful internal restructure:
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