Finally a engineer that ticks all the boxes. Well not quite. Yesterday civil engineer SWL produced a beauty with strong revenue, margins, plenty cash, good div (8.7%gross), and most of all a confirmed order order book 60% higher than pcp. It ticked 8 boxes from 10.
Today in the more difficult resources engineering space SDM go one higher with 9/10. Most pleasing is the 200% leap in margin and it goes straight to bottom line and direct into shareholders pockets with a monster combined div for FY15 of 17.3%... with vast majority of that STILL AVAILABLE to would be mug punter buyers.
So confident are the management re FY16 they chucked in a special ffr div. Sedgeman is a conservative company. Always has been. No bloody way would they spurge with a special div unless they were super confident re FY16.
Look at their order book, pipeline, and using current margins do the sums. Plus plenty wk is overseas and AUD has dropped 3.5% since FY15. It adds up pretty damn fast.
I'm the dummy as i didn't check the results date and could have paid 70c yesterday. Bought at open for 77c. SP leapt to 80.5c. I then doubled-up at 77.5c.
Shares now available at 78c. Grab em is my suggestion but dyor. Later today I'll tell you why I'm REALLY confident re yr ahead.
BUY up to 82.5c. and hold for 13 months. Divs alone will add up to 25.5c gross = 31% at SP of 82.5c.
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