Given the low P/E it's taken GXL a while to get moving, but seems like it has found some love at last with the higher dividend and forecast at half year.
eps growth isn't likely to be too exciting with this kind of roll-up, but they still generate a little bit through efficiencies and the story will get better as the shares go higher - i.e. it makes it easier to use equity as part payment for acquisitions.
Forward PE is about 6.9 and yield (based on 6cps) of 7.1% plus franking at current price.
- Forums
- ASX - By Stock
- GXL
- moving forward at last
moving forward at last
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)