GSS 0.00% 70.5¢ genetic signatures limited

Yes, you are quite right. I actually like management. They are...

  1. 394 Posts.
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    Yes, you are quite right. I actually like management. They are knowledgeable, focused, I would say 100% committed to the success of the company, and are working hard to continue to build a successful and global company. That is all no small endeavour, which I support.

    The CEO basically said in the quarterly report a few days ago: We have very significant high return growth before us and we need our existing bank balance and the positive cash flows from operations to fund that growth. I substantially agree with that view and that is why I am a shareholder.

    Having said that, I do believe that GSS could pay a twice yearly half cent or one cent dividend or the equivalent value as a share buyback. It is rather like BHP and RIO enjoying the huge financial benefits of strong iron ore prices and saying they cannot pay shareholders a dividend. That is how much GSS has benefited from Covid in the past 2 years as reflected in its strong revenues and now positive cash flows. As it admits itself, it is a much more resilient and better positioned company than 2 years ago.

    I believe it is wrong to say it can give nothing back to shareholders at all given its very good financial performance. A little would go a long way and the Board should reconsider this point in the interests of shareholders. If they did it would not compromise their ability to fund future growth and it would show a proportionate consideration for shareholders. It might even gain some new shareholders, those institutions that require their companies to pay dividends before they invest in them.



 
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Last trade - 15.59pm 03/05/2024 (20 minute delay) ?
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