GNG

1.90%

$2.15 gr engineering services limited

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garybull

33 Posts.

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28/02/22

00:09

Post #: 59858057
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Originally posted by Buzzm: ↑

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

Expand

yes lots of positives for this stock. I was made aware of it in a Shares in Value presentation in Aug 2021seminar. Certainly not spruicking this research company but this 'hidden gem' at 1.45 back in Aug may prove to be a very good buy. Hold and add at dips IMO.

Originally posted by Buzzm: ↑

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

Expand

GNG Price at posting: $2.11 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $2.15		Change 0.040(1.90%)		Mkt cap ! $359.0M

Open	High	Low	Value	Volume
$2.11	$2.15	$2.11	$140.3K	65.91K

Buyers (Bids)

No.	Vol.	Price($)
3	5682	$2.10

Sellers (Offers)

Price($)	Vol.	No.
$2.15	7497	2

View Market Depth

No.	Vol.	Price($)
3	5682	2.100
1	12000	2.090
1	485	2.060
1	3000	2.050
1	200	2.040

Price($)	Vol.	No.
2.150	7497	2
2.180	5000	1
2.190	12015	2
2.200	17498	5
2.210	5000	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

GNG (ASX) Chart

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