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Dividend day ! Monies in accounts and to cap it all it's Friday. Strong believer in GFRD and one I am quite happy to have in my portfolio. Continued good fortune to all GFRD shareholders, those considering getting in or those just watching for now. Rgds, S
That's better. Hope it gets back to where it was before the drop, the reason for which I don't get.
I thought the same, can only assume profit taking as we hit the top of the trend line, should hold/bounce around here before the uptrend continues on its merry way. All very positive here.
Rather odd drop since the positive response to the results, a buying opportunity methinks.
At last being recognised as a stable operation. Significant cash and assets- no borrowing- expect increased dividends including special dividends and perhaps share buybacks.
Cash at 31 Dec 2023 - £209.3m (31 Dec 2022 £195.8m) despite share buy back and special dividend.
From RNS:
Returning excess cash
We continue to assess the cash requirements of the business to ensure the Group remains well positioned to deliver on its Sustainable Growth Strategy and has sufficient funds to invest in the business. In September 2022, having reviewed the Group's strong cash performance and ongoing capital requirements the Group launched a share buyback programme of up to a maximum of £15m. On 17 November 2023 we announced the completion of the share buyback programme with a total of 8,404,148 shares repurchased and subsequently cancelled, representing approximately 7.5% of issued share capital. In addition to this, the Group paid a special dividend of 12.0 pence per share (amounting to £12.5m) on 27 October 2023 as announced on 8 June 2023. As previously announced, where average month-end cash and PPP assets increase above the level required, the Board will consider making additional returns to shareholders.
I bought some today. Looks like a good entry point along with positive news.
Contract wins announced. Look forward to results "The Group expects to announce its results for the half year on Wednesday 6 March 2024."
Can anyone explain the multiple trades of 1 or 2 shares. The share looks very good value - hope for more share buybacks and/or an increased dividend - perhaps a repeat special dividend. Final results due 6th March
Well done Bill and team!
Incredible how there seems to be zero interest in this share
Friend of mine said years ago find a company that's NEEDED buy and cover your ears sing if you have to
This is a fantastic little investment. kick myself ever so often because I didn't buy and hold in covid.
Spent ages looking at it but didn't buy regrets regrets
Strange this hasn't broken out like Kier has. Graphs for the last 6 months or so are almost identical.
Walkey the cash is nearly equal to the mcap - so the company has a tiny value according to the market - sp will correct once that is digested.
Bill H is doing a great job here - cash pile is certainly helping and future remains bright imv. Well done all .
Trading is ahead of the prior year period and the Board's expectations, which were previously increased at the time of the full year results in September 2023. With good visibility over the second half, revenue for the full financial year is now expected to be approximately 5 per cent. ahead of current market expectations1, with an equivalent increase in expected profit before tax.
The average month-end cash for the six months ended 31 December 2023 was circa £149m (year to 30 June 2023: £135m) and period-end cash at 31 December 2023 was circa £209m (31 December 2022: £196m).
After significant dividend payments and share buybacks- cash result is very encouraging
What the heck is going on with the trades on this today? All those small trades entered simultaneously is just weird.
Good to see continued steady progress, I wonder if that chunky buy back announcement was the last of the purchases or if there is more still to come?
It would have been a better announcement if they had included some indication of AVRS financials in terms of expected revenue, P&L, assets etc rather than just the purchase cost.
I agree they do look a good fit, but what's it actually worth?
A vendor rating list is an tool used to monitor the quality and reliability of a companies goods or services ,to stay on the list a company must meet very high standards .