#GAWs core operating profit was down from 136.7 to 131.7 and cash down from 93.4 to 79.3. To me, that would explain the drop in today's share price. Other than that, the results are very strong and I have used the drop as an opportunity to top up on an outstanding company.
Thank you Graeme for your write up. I agree with everything you say but this market is irrational, even more so than normal. I have held since Jan 2018 and see no reason to sell here though watching the share price drop 40% in year has been painful.
I would have thought that the licensing income could be significantly higher, as a percentage of all income, within five years. On that basis GAW is underpriced and we are getting a wonderful dividend into the bargain.
Hi Graham,
#GAWs core operating profit was down from 136.7 to 131.7 and cash down from 93.4 to 79.3. To me, that would explain the drop in today's share price. Other than that, the results are very strong and I have used the drop as an opportunity to top up on an outstanding company.
Thx for the quick update/summary.
Thank you Graeme for your write up. I agree with everything you say but this market is irrational, even more so than normal. I have held since Jan 2018 and see no reason to sell here though watching the share price drop 40% in year has been painful.
I would have thought that the licensing income could be significantly higher, as a percentage of all income, within five years. On that basis GAW is underpriced and we are getting a wonderful dividend into the bargain.
Regards
Michael.