Q: What are your thoughts please on this company. It seems to have little debt and with special dividends, manages to pay a reasonable annual dividend.
Thank you
David
Thank you
David
5i Research Answer:
Market cap is $180M, after a 61% gain this year so far. No analyst coverage. Dividend 1.96% with a 17% bump in April and semi-regular special dividends. Price/earnings 13X. No debt and $14M cash. Good cash flow. A big jump in last quarter revenue and a share buyback in place. A recent large contract win. Insiders at 3% ownership but 57% tightly held. There is a lot to like here for small cap investors. As a seismic data licensing firm it is tied to the oil and gas sector, but its library has value and can be sold more than once. Financial ratios are good. We think it is quite interesting right now, even considering the recent gains.