This stock has has had a good rerating and I have only recently stumbled upon it and have been busy feasting away everytime there's a small pull back as I was impressed by what I saw.
This is what impressed me .
Net operating cashflow $24.3m Cash $93.6m Interim fully franked divy .09c or 4.26% for the half year. Directors, founders and senior management own 58%. Given the strong balance sheet position, order book and pipeline of project opportunities the Board resolved to declare a .09c FF divy. Revised forecast for FY 22 is now $580m to $600m was $540m to $560m ( FY21 $393m) GR engineering has successfully increased its pipeline of ongoing and near term prospective projects which as resulted in increased visibility in revenue and earnings for FY23 and future years. Tightening labour markets have not impacted the GR engineering margins.. Last years final divy was .07c ff who knows what it will be this year ?
I stand to be corrected but what's not to like from my humble opinion.
Appreciate your comments
DYOR
GNG Price at posting:
$2.11 Sentiment: Buy Disclosure: Held
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