Ann: Trading update, page-5

Interestingly just this morning before the trading release was posted I was driving past the Gemco property in forrestfield just outside Perth and stopped to have a look. The photo is of the newly purchased land next to the existing workshop and as we see the yard is full of wheel assemblies for rolling stock.
I was not sure how far the property extended the otherside of the factory due to traffic while driving but it seemed to have a quantity of rail parts as well.
As the report goes I see all positives with earnings and '21 comparatives in a difficult year. and hopefully another 1/2 cent dividend which would make me happy as I have been buying during the year.
The news that West Australia has been doing well is not surprising, the mining sector has been busy and the state Metronet is spending big money on new lines and replacing old passenger cars with new and more cars.
This update is usually the precursor before the 1/2 yearly report which should be out in a couple of weeks and should be more interesting reading, I feel we are trading below value and should see a small lift in share value soon.