Results look to be in line with previous forecasts. Gross dividend yield currently 6.4% The business performance has been excellent over the last decade or so but largely unnoticed due to low market cap and liquidity. Has taken me some time to accumulate the shares I was looking for so the subdued growth has provided an opportunity.
Will be keenly looking at revenues and cash flows over the next 18 months following the completion of relocation of operations. Will also be interested to see if $100M revenue is still achievable by 2018. A conservatively managed company which is developing a good track record.
SNL Price at posting:
$2.01 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)