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mamos
20-04-2011, 07:23 PM
IPO was yesterday. Now up over 100% on $1 listing price.

This is a cash generating machine like never before. Only started business in 2006.
mark100
20-04-2011, 08:03 PM
And ROE is something like 70% from memory. The MD has history, first building JR Engineering from scratch and then selling to DOW. Now it looks like he's trying to repeat it with GR Engineering.

I didn't have the stomach to buy yesterday on open at $1.76
soulman
20-04-2011, 08:11 PM
A little overdone I think.
mark100
07-06-2011, 12:56 PM
I bought a few of these at $1.90 following the annoucement of the Moly Metals contract. If this all goes ahead the FY12 PE could drop to around 10-11 although at this stage the company is reliant on just a few lumpy contracts. I've mainly bought as I consider more similar annoucements in the next few months will push up WIH.

So far the price is creeping in the right direction.
mark100
15-06-2011, 05:35 PM
BBY have initiated coverage with a $2.45 price target. Report is on the GNG website
mark100
05-07-2011, 04:13 PM
Sell side looking pretty thin here at the moment
mark100
08-07-2011, 01:45 PM
A mention on hotcopper of a potential contract win coming up. The share price action supports such a theory
soulman
11-09-2012, 12:11 AM
Bought a few today at 90 cents. Shares has halved in one year. Currently yielding at near 9 percents FF and hoding a healthy net cash of over $40 mil.

2 execs spend a quarter of a mil upping their stakes at prices above this recently. You still got some of this Mark?
mark100
11-09-2012, 09:01 AM
No way! Haven't had it for around a year. I don't hang around if things starting going the wrong way. I own nothing to do with mining at present
soulman
11-09-2012, 04:19 PM
Far enough. I have that strategy as well of not hanging on to stock on the downtrend. Seems GNG offer fair value and the execs buying up seal the deal.
soulman
28-08-2013, 11:03 PM
Bought a few lately. A similar coy to MND. Seems to run on cash and not debt. Current (cum) dividend yield at 8.3% FF.
Huang Chung
28-08-2013, 11:21 PM
From what i can see, there are two significant points of difference compared to MND (in my view):

1. GNG has little exposure to the growing oil/gas construction market
2. GNG has little in the way of recurring maintenance / service work.

Probably makes GNG a little more vulnerable if mining capital investment spend is suppressed.
soulman
29-08-2013, 11:53 PM
That's definitely true HC. The mining investment is already supressed as we speak but with net cash, GNG has low downside risk. I see that their MD recently bought 50K shares.

Anyway, this is a specs play/trade until their ex-div date on the 11th of Sept of 3 cents FF.