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clock Created with Sketch. 02/04/24
12:29
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Originally posted by spider5:
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Kind words Arsenic so thank you. Any senses I have are guided purely by what I read into the GNP reports. Again this Euroz presentation spells out how much there is to like about GNP. It is now at record high SP but IMO it probably warrants it based on the fairly obvious potential. Tailwinds in this industry come from Govt infrastructure spend on a socially needed reliable and sustainable electricity supply - margins are improving but notably slim but GNP have shown how they can control budgets of such slim nature in the past - they are diversified within aspects of their own industry - recurring revenue is increasing (usually good margin and reliable) - not a lot of competitors who carry out large electrical infrastructure projects - reach across the width and depth of their industry - now operating nationally - have the credibility and image to match the size of projects tendered for - current record pipeline of work. The list goes on and I cannot say that I can say that about a lot of small/medium cap companies. Regardless - new investors/lookers check what I have pointed to out and make up your own minds about the risks.
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