By my calcs that Net Profit of 4.2M corresponds to 1.7c per share or a net P:E of 4.7. If GCG keeps to its previously stated payout policy of 60% this should give a dividend of around 1.0 c or 12% fully franked.
On above basis suggest that a SP of 8 c is, if anything, a bit oversold.
Also good to hear that NAA is still going with existing clients and replacing lost staff. I just wonder how many left?
GCG Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
