this is a bargain-10c price target, page-2

I agree Ryrie.

Not to forget the substantial tax losses at $17m of franking, management noted dividends and capital returns are on the way.

Plus it seems management will use Mcgraths expertise to do some small scale residential property development, I think this is a positive. It will boost utilisation at Mcgrath, they will earn an extra margin and given the speed of modular construction, these properties good be turned over fairly quickly.

Whoever is selling is making a big mistake!