Printable View
While trolling throught the papers recently GAP came to my attention. Down 54% in the last year and directors and officers have been loading up on the shares. Balance sheet seems to be in reasonable shape and I'd like to know what some of you other guys out there think of this company.
Gale Pacific (GAP) ,
Good detective work there Skole,
....>>>.... However, ....either Directors NOW....know something that WE punters DO NOT KNOW. --- (which would NOT be a First !! ;)
.... OR ..... we also ought to also bear in mind perhaps...
this: ASX Announcement, 10 weeks ago, by Gale(GAP) on 21/4/05....
-------------------------------------------------------------------------------------
-----------------------------------------------------------------
- Directors Announce Earnings Downgrade
The Directors of Gale Pacific Limited, Australia’s leading manufacturer and exporter of advanced polymer fabrics and related products with subsidiaries located in the USA, Germany, United Arab Emirates, the Peoples Republic of China, and New Zealand have announced a reduction in the operating profit expectations for the current financial year.
Although second half earnings will be substantially higher than both the first half and the corresponding second half in 2004, the Board expects the full year 2004/05 earnings to be approximately $4.5 million. An earlier estimate as advised to the market on 24 February was for earnings to be in line with last year’s $7
million.
A continuation of the very tight retail and agricultural trading conditions in both Australia and New Zealand, along with delays in the commercialisation of some new product initiatives have also impacted on the Australian market. Additionally a shortfall in North American sales against forecast has contributed to this profit downgrade.
The success of our initiatives in the European and North American markets has generated dynamic order growth, unfortunately this has outpaced current production capacity in China.
However, the equipment expansion, new product initiatives and the implemented $3 million cost savings program, as previously announced, will generate financial benefits which will be reflected in full next year.
With the completion over the next few months of the new equipment program in China and given the positive feedback on the European marketing initiatives, a confident future is foreshadowed. Marketing and logistics staff are working together, with improvements in delivery performance receiving the highest priority.
Gary S. Gale
Managing Director
21 April 2005
For further information contact the Chief Operating Officer, Mr Peter McDonald or
the Managing Director, Mr Gary Gale on 9518 3312.
Food for thought though Skole........
Kind Regards Skole,
Robbo :)
-
-----------------------------------------------------------------------
Thanks Robbo. I'll take a punt, if it's good enough for the bosses it's good enough for me.
Looks like we are in business, up 10c in the last couple of days
Finally starting to get some action here. Couple of announcements seem to have gone over well and lots of buy orders are in.
Interesting opportunity here for an entry into GAP as its previous major shareholder (an Investec PE fund) distributed its shares in-specie to the PE fund's members; some who are selling out now on market.
REasonable industrial business on a low PE and good yield. Some interesting acquisitions over the last year or so which improves GAP growth profile.
Lets see if they can avoid an earnings downgrade first. Just wary of the likes of gud and mcp.
]
Result out very flat/stable , eps up a little , div up tad, debt reduced 30% , buyback of shares, same .similar, ho hum outlook sam same but different ,hardly.Steady.
Download Document 1.38MB
non-core product categories
Results imminent and 50% plus earning in $US
Made for the shade, made for the climes, the heatwaves.
Looks promising ehhh?. Always the future. Will drop today another perfect storm with trump admin increasing duty on the gap fabric made in china for one. Doogy doggy. Grrr !
2019 AGM Presentation 26 pages
Market Update - Profit Guidance