Conference CallCC was brief, as always, but quite Upbeat. Management sounded very confident of visibility and solid growth for next 3-5 years. Nick ( Atrium Research ) asked the question about company's operational capacity to meet expected high demand. Management emphasized that they had enough capacity to execute even upto a Billion Dollars of orders, if needed.
The matter of buyback and cancellation of 3,000,000 shares, from Paschini family was also addressed. Primariliy it is proposed for effective use of surplus cash with company. It was also explained that iteh move was solely for Estate Planning purposes with the family and they have no intention to sell any more shares. A NR will be issued within 30 days, if and when a buyback price (3% discount to the preceding day close) and proposal is approved by the Board.
Overall tone was bullish !!
As already expressed on this board, I believe, the Research report will be updated by Atrium, today or tomorrow to refelct changes to estimates and Price Target.
GLTA !!!