Hi Sopy we are all learners and I dont think we can, or want to...

Hi Sopy we are all learners and I dont think we can, or want to escape that fact and I would say persistence is the key to learning (especially in my case)

I could only see one broker covering this stock (un-named), it has a similar SP, although described as in the same "sector" they have very different skill sets and service offerings and as such clientele. Their margins look better, debt has increased significantly (looks like a recent acquisition) but too high for my liking, increase in share float as well, although ROE and profits are showing steady increase even with this.

I quite like this style of company so thanks for pointing it out Sopy, but the Debt is to high for me in this type of environment. I will keep an eye on it as it may develop into a good story once the debt becomes more tolerable and or the property market trend is re-established in West Australia, as this company's future/income streams look to be substantially tied to the residential and commercial property trends?

Skaffold's scores (Roger Montgomery) GCS as a "B4" (Was A2 & considered very investable, but no longer considered as investable in their world) and a great Intrinsic Valuation of $1.82 and going higher the following year - the temptation on GCS is its larger discount to its Intrinsic Valuation.

NFK Scores A1 and shows an intrinsic Valuation of $1.21 and going higher in the next year with clean balance sheet and cash positive (no net debt)

Maui Capital's NFK In-house valuation to its own fund members (as at end of September) shows their current value per share at $1.23.

For Skaffold's scoring -I suspect differences emerge when looking at recurring revenue streams, clientele size/type/quality/sectors and the level of debt - these will be the main impact on the scoring differences.

I also see more defendable qualities in NFK over GCS due to the inherently more highly skilled/specialised nature of NFK's brand/service offering.
I like what GCS do, but it does have a lot less barriers to entry by other competitors. In the right economic environment which may will re-emerge soon in Western Australia CGS should get up significant momentum and quite quickly, but you would also need to research how many competitors they currently have.

Sopy that was just a quick look for what it is worth and I will have missed a lot, so hope it helps. As I mentioned I will also add this to my list to keep an eye on, so thanks for that.