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VBC - Verbrec Limited

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Logicamms Limited (LCM) operates in the resources, energy and infrastructure sectors providing project and specialised engineering services. LCM is an amalgamation of three privately owned companies: Logitech Consultants, Camms Process Control and Paterson Flood Engineers.

http://www.logicamms.com.au
 
This stock seems like excellent value to me. Trading at a dividend yield over 6% (forecast 2015 of almost 8%!), no debt, well diversified beyond mining, solid growth... What is there not to like here?
 
Took a big hit after 1H14 figures - big drop in NPAT and also drop in cash levels. Big chunk of the NPAT gone due to purchase of "Independent Technology Holdings" in NZ in 2013, which you would hope would be a one off event and FY14 figures should look a little better with the 2nd half helping to balance things out a bit?

I still like the fact that they are debt free.

What thoughts?
 
Surely someone must have these guys on their radar at $0.75? I took quite a loss on this one so far, but I'm holding.
 
On December 10th, 2020, Logicamms Limited (LCM) changed its name and ASX code to Verbrec Limited (VBC).
 
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