Yes, well, a weaker result for 1H14 than expected.EPS of 3.8c might suggest FY EPS of around 8c.
The no interim divvy came as a surprise, but I applaud the decision in lieu of debt reduction which is happening at good clip. Down from 43% at June 13 to now 36%.
With an NTA of 80c I just cannot see why the market gives a PE of less than some of the pure play mining services companies. At least GCS has some diversification away from mining.
Surely this is worth 7 times eps or around 56c which is still well under NTA.
GCS Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
