EGN 2.63% 18.5¢ engenco limited

First pass over the results, that's an eye-popping result!...

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  1. 569 Posts.
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    First pass over the results, that's an eye-popping result! Didn't see the dividend materialising so soon, certainly a vote of confidence for continued improvement in cash flow and a sign that the board members are proactive with capital management- great stuff. Quality of earnings have improved as profit growth has come solely from improved margins, given the fall in revenue.

    Check out the valuation multiples and remember this company is now in a growth phase.

    Further improvement is not a given but I couldn't be more encouraged by the outlook, nor confident that my capital is in good hands. Bottom draw for me.
 
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