GAP 8.00% 11.5¢ gale pacific limited

Pretty good as expected. Div is 2 cents. I expected 3 but it...

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    Pretty good as expected. Div is 2 cents. I expected 3 but it looks like they have chosen to repay debt and save some for second half so they can pay a larger div at year end. Also very strong cashflow.

    looks to me like they have been very conservative in the second half forecast. They obviously want to wait until they get closer to the end of year and it is easier to upgrade than downgrade. Seem very bullish about sales and distribution .

 
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