RE: 5 cents Special Dividend Excellent! Glentel management has taken all right steps.
Glentel is firing on all cylinders:
1. Sold money loosing tower and satellite business for 0ver 12 million keeping the core business.
2. Renewed License Agreement with Costco Wholesale Canada
3. Acquired 83% of AMT group retaining right to buy the rest in future.
4. Paid dividend of 10C per quarter consitently plus 5 cent extraordinary dividend=Total 45 Cents
5. Has 60 plus million cash and cash equivalent
6. Store count reaching up nearly 750 potential to add 1740 Target USA Stores+hundreads of Costco USA Stores+ other stores from Australia
7. Has Normal Course issuer bid in effect.
8. Forward PE is less than 8 after taking aside cash.
9. Business centres have shown $500,000 profit verses $300,000 loss earlier, it has turn the table. Its a win win situation.
What are investor's waiting for before share price reaches $ 25-30 valuation it deserves?