Q: Hi Everyone at 5i!
I was thinking of starting an initial holding in SES and am interested in hearing your opinion of the company. It seems to have good growth and pays a dividend. I would intend to keep it as a long term hold.
Cheers,
Tamara
I was thinking of starting an initial holding in SES and am interested in hearing your opinion of the company. It seems to have good growth and pays a dividend. I would intend to keep it as a long term hold.
Cheers,
Tamara
5i Research Answer:
We would be comfortable owning some, maybe a half position to start. It is priced OK at 17X earnings, but has had cheaper valuations in the past. The balance sheet is decent and EPS growth is expected to be in the 10%+ range. Cash flow is quite stable, supporting the dividend.