GNG 0.92% $2.19 gr engineering services limited

News: GNG GR Engineering Services announces FY 2016 earnings update, page-8

  1. 283 Posts.
    lightbulb Created with Sketch. 19
    Question the reasoning for the sell down this morning with Annual Report due tomorrow.

    On recent update will likely make $25m PBT (16.4 cents per share)

    Dividend should be upwards of 0.05c (hoping for 0.06c). Fully franked dividend of 4% (half year) and with a large stream of new work already booked and a buoyant gold sector along with a reputation without peer the outlook for 2016/17 looks very promising.

    GYGT
 
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