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Foraco International SA T.FAR

Alternate Symbol(s):  FRACF

Foraco International S.A. is a France-based company engaged in the mining, geological and hydraulic drilling sectors. The Company's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The Company operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy industry during the exploration, development and production phases of mining projects. The Water segment covers all activities linked to the construction of water wells leading to the supply of drinking water, the collection of mineral water, as well as the control, maintenance and renovation of the existing installations. The Water segment also includes drilling services offered to the environmental and construction industry, such as geological exploration and geotechnical drilling.


TSX:FAR - Post by User

Comment by savyinvestor333on Apr 14, 2024 8:05am
50 Views
Post# 35988041

RE:RE:RE:RE:RE:Cheers to all the longs

RE:RE:RE:RE:RE:Cheers to all the longsI agree to a point. Although they are relatively small they already do a share buyback and are very active on it for as far back as I can remember. A large share buyback could hurt Liquidity and that has been a problem here in the past so i don't think that is a great alternative. The debt is fairly manageable now and heading in the right direction fairly quickly. 2 Major Insiders are a very large part of the shareholder base and are now retired and I am sure they want some Income as do I. Yes the French domicile is not an ideal situation for the dividend tax if you live in Canada. Geodrill is another company that this same situation applies to. However it is still the best pick in the sector and the results of the last 5 years in Capital appreciation have shown that., no other driller even close. 350% better return than MDI over 5 years. The dividend is the icing on the cake and a show that management is aligned with the shareholders. 
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