Glentel Inc GLNIF

RE:Q2 Analyst in Dreamland!

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1. Cash in hand has increased from 23 million to 45 million. That is $2 per share.
2. Dividend paid approx 6.4 million, yield more than banks.
3. 57,175 shares were purchased for cancellation out of 500,000 common shares under normal course issuer bid.  Shareholders yield increased.
4. Only 22,404,000 total shares.
5. Target Canada has licensed GLENTEL to open and operate in 2013 more than 120 mobile communications sales and service kiosks within its stores, under the brand Target Mobile
6. Operates more than 1,200 locations including more than 400 locations in Canada
7. Expanded almost 3 times in terms of stores count from organic growth therefore income will be stagnant. It means more room for disposals, depreciation and less tax.
8. I see nothing wrong with this picture. There is no need to panic; everything seems to be under control and going as per plan. Margins will be less due to organic growth costs but value keeps increasing.
9. Shareholder value increasing due to reduction in shares and increase in dividend. 
10. New Smartphone’s and all iphone upgrades due after 2.5 years and due now should increase income for GLN.
11. Corporate operating and administrative expenses are only 3% of sales compared to 4% earlier.