re: great announcement ! The profit came within my prediction. The dividend I believe would be dissapointing to some who were expecting at least 1.5c-2c.. I for one am happy with the progress of this company. Their scaffolding is 100% utilised. They have their formwork and other initiatives which has yet to see contracts being activated but only a matter of time. Has a high revenue to profit ratio..
One complaint I have however is the lack of announcements. One would think that each time they hook up a new client and contract you would see a media release. They used to report regularly.. Hopefully a large formwork contract is in the pipeline and is released to the public.
I wonder whether they should be looking in the housing construction sector in the UAE as some of the projects Dubai has on the go are enormous and can be quite lucrative to PCG.
Was suprised the price retraced a tad after reaching 70cents. Would have expected more movement after the announcement. The company needs to keep the momentum going by being more media proactive for the shareholders.
I for one would prefer an increase in share price of 10% rather than a dividend of 2%.
My opinion.
Cheers
Geoff.
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