Under the stewardship of Mr McMahon the ROE of Skilled Engineering has lifted from 5.6% to 10.7%. Impressive. And the recovery continues. Still plenty of room for improvement.
In 2007 ROE was 22.3%.
The payout ratio in that year was also 79%.
And yes Cam the M.D's comment about prefering to pay money to shareholders over banks brought a grin to my face too. Surely not another company, like KOV who seem to understand that they are there to build shareholder wealth??
SKE Price at posting:
$2.66 Sentiment: LT Buy Disclosure: Held
