RQL resource equipment ltd

Report read well and I couldn't see reason for the SP decline...

  1. JID
    3,679 Posts.
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    Report read well and I couldn't see reason for the SP decline today.

    The two possible catalysts in the narrative were:

    (1) No dividend for the FY12 year
    (2) Capex requirements related to FY13+ expansion

    IMO RQL looks like a solid company and given the dividend narrative I would expect a dividend in the FY13 year, despite the capex requirements.

    Cheers
    John
 
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Currently unlisted public company.

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