The New Budget has more or less works in favour of automation ind in 2 ways ..one is the jump in labour costs of 11% and the other is the better incentive for Capex aka re-investments ...with these 2.. more ind are likely to go for automation...so guys... just hold on to Genetec for a better return
The special reinvestment allowance, to replace the reinvestment allowance incentive which has expired, will be implemented at a rate of 60% of the qualifying capital expenditure and is allowed to be offset against 70% of statutory income from year of assessment 2016 to 2018.
I think this company really is a hidden gem. The stock price has been increasing slowly over the past few months. Even with a surge of profits from previous year, the price also didn't shoot up yet
I'm not making a buy or sell call here, but I'm very positive on its upside. Previous material announcements all relating to getting new orders. That would directly contribute to its earnings. Quarterly report will also be releasing next month =) Expecting to hit 0.25 if break 0.22
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bruce5113
4,168 posts
Posted by bruce5113 > 2015-10-25 18:20 | Report Abuse
sky2, i support u...go go go...genetec... :-D