GAP 8.00% 11.5¢ gale pacific limited

Ann: 1HFY21 Appendix 4D and Half Year Report, page-4

  1. 1,237 Posts.
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    I expect this to move higher thru the year. With their current forecast (which I think is conservative and will be upgraded in a few months time) they are selling at a forward PE of 8 times and if they do a final div of 2 cents it will have a 10% yield at current prices. And close to zero net debt.

    looking good for some major SP upgrades.

    I did not attend the investor meeting but expect that they will be doing some broker presentations soon as they have a pretty good story to tell.
 
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