Hello fellow hot copper investors, I been following Godfreys since the IPO. It first listed at $2.75, now its trading around 1.26 per share. Which means it almost halved since them. Also the stock goes ex dividends on the 17th of March. Paying 7.5 cent per share 40% franked. Roughly a 5% dividends, which i can collect, if purchased today. If you look the previous dividend it paid out 15 cents per share that was the second half of 2015. Which means roughly 20% alone in dividends. Margin wise is pretty high and debt level is stable at 20 million. Btw Godfreys are the vacuum people.
Do you think its worth buying into or its another IPO disaster??
GFY Price at posting:
$1.30 Sentiment: Buy Disclosure: Not Held
