Absolutely. Happy to be proven wrong. With such generous dividend, we can assume that Q4 would be strong (Management also hinted during Q3 call). Lets hope there is final dividend also announced in Q4 :). If they can execute their capacity expansion well I think GLS can turn out to be a great dividend paying stock at current valuations. Below are some of the reasons I see company getting valued very poorly.
1 – Parent group does not have a good track record of capital allocation.
2 – Overhang of stake sell by the parent group. Currently they hold 82% and have to bring it down to 75% within 3 years of listing.
3 – Pending USFDA inspection of GLS facilities. Last inspections happened more than 3 years back as per management and its due anytime.
Requesting forum members to add more negatives which might be impacting the stock price.
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