I am with you 'The Fadz' They have constantly reminded us of having the cost of idle resources and maintaining their qualified workforce throughout the recent slow period. I agree that GCS was a fantastic outfit.
I have no comment on the quality of management b/c simply do not know. That factor is what determines what happens from here. They have announced more work. The ratio of ongoing work is building) Every company has been hit extraordinarily by this crisis.
What I see, instead, is a SRG with increasing work likely due to various stimulus measures. I see a Half Year dividend, which is the first in some time. Yes, the dividend is only $0.005 BUT even if the full year dividend is just $0.005 is 4.34% at current share price. It is not unthinkable that full year dividend goes to $0.01 per share or maybe 2 X $0.01 = $0.02 for the 2020/2021 F.Y.
What a great yield for an engineering company ( provided they perform as claimed) The share price would be MUCH higher than today..betcha.
Ann: Half Year Results - Announcement, page-8
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$1.16 |
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Mkt cap ! $700.5M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.18 | $1.16 | $1.192M | 1.023M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 54729 | $1.16 |
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| Price($) | Vol. | No. |
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