Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$4.27, the stock trades at a trailing P/E ratio of 24.5x. Average forward P/E is 1x in the Metals and Mining industry in Australia. Total returns to shareholders of 150% over the past three years. Declared Dividend • Feb 23
First half dividend of AU$0.12 announced Shareholders will receive a dividend of AU$0.12. Ex-date: 2nd March 2026 Payment date: 25th March 2026 Dividend yield will be 5.0%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (136% earnings payout ratio) nor is it covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 51% to bring the payout ratio under control, which is more than the 17% EPS growth achieved over the last 5 years. Reported Earnings • Feb 22
First half 2026 earnings released: EPS: AU$0.10 (vs AU$0.13 in 1H 2025) First half 2026 results: EPS: AU$0.10 (down from AU$0.13 in 1H 2025). Revenue: AU$218.0m (down 20% from 1H 2025). Net income: AU$17.2m (down 21% from 1H 2025). Profit margin: 7.9% (down from 8.0% in 1H 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Nov 18
Independent Non-Executive Director recently sold AU$12m worth of stock On the 14th of November, Giuseppe Totaro sold around 3m shares on-market at roughly AU$4.10 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Sep 15
GR Engineering Services Limited, Annual General Meeting, Nov 21, 2025 GR Engineering Services Limited, Annual General Meeting, Nov 21, 2025. Declared Dividend • Aug 27
Final dividend increased to AU$0.12 Dividend of AU$0.12 is 20% higher than last year. Ex-date: 1st September 2025 Payment date: 25th September 2025 Dividend yield will be 5.1%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) nor is it covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is less than the 21% EPS growth achieved over the last 5 years. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: AU$0.20 (vs AU$0.19 in FY 2024) Full year 2025 results: EPS: AU$0.20 (up from AU$0.19 in FY 2024). Revenue: AU$479.0m (up 13% from FY 2024). Net income: AU$34.2m (up 9.7% from FY 2024). Profit margin: 7.1% (down from 7.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 25
Gr Engineering Services Limited Declares Ordinary Dividend for the Six Months Ended June 30, 2025; Payable on September 25, 2025 GR Engineering Services Limited declared ordinary dividend of AUD 0.12000000 per share for the six months ended June 30, 2025. Payable on September 25, 2025; Record Date September 9, 2025. Ex Date: September 1, 2025. Declared Dividend • Feb 26
First half dividend increased to AU$0.10 Dividend of AU$0.10 is 11% higher than last year. Ex-date: 4th March 2025 Payment date: 25th March 2025 Dividend yield will be 6.9%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
First half 2025 earnings released: EPS: AU$0.13 (vs AU$0.087 in 1H 2024) First half 2025 results: EPS: AU$0.13 (up from AU$0.087 in 1H 2024). Revenue: AU$272.1m (up 45% from 1H 2024). Net income: AU$21.8m (up 53% from 1H 2024). Profit margin: 8.0% (up from 7.6% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 24
GR Engineering Services Limited Declares Fully Franked Dividend for the Six Months Ended 31 December 2024, Payable on 25 March 2025 GR Engineering Services Limited announced that a fully franked dividend of 10.0 cents per share has been declared for the six months ended 31 December 2024 (31 December 2023: 9.0 cents per share fully franked). The ex-dividend date for the interim dividend is 4 March 2025, the record date for determining entitlements to the interim dividend is 5 March 2025 and the payment date for the interim dividend is 25 March 2025. Announcement • Oct 29
GR Engineering Services Limited, Annual General Meeting, Nov 27, 2024 GR Engineering Services Limited, Annual General Meeting, Nov 27, 2024. Location: empire bar, 220 great eastern hwy, lathlain, western australia, Australia Announcement • Aug 24
GR Engineering Services Limited Declares Final Dividend for the Financial Year Ended 30 June 2024, Payable on 20 September 2024 On 15 August 2024, the Board of GR Engineering Services Limited resolved to declare a final dividend of 10 cents per share, fully franked for the financial year ended 30 June 2024. The ex- dividend date for this dividend will be 2 September 2024, the Record Date is 3 September 2024 and the Payment Date will be 20 September 2024. Announcement • Jul 12
GR Engineering Services Limited Announces the Temporary Suspension of Nickel West Operations and the West Musgrave Project GR Engineering Services Limited announced the temporary suspension of Nickel West operations and the West Musgrave Project. The company stated that a transition period will commence from July 2024, with operations to be suspended in October 2024 and handover activities for temporary suspension will be completed by December 2024. Upcoming Dividend • Feb 26
Upcoming dividend of AU$0.09 per share Eligible shareholders must have bought the stock before 04 March 2024. Payment date: 25 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.3%. Within top quartile of Australian dividend payers (6.5%). Higher than average of industry peers (5.1%). Declared Dividend • Feb 24
First half dividend of AU$0.09 announced Dividend of AU$0.09 is the same as last year. Ex-date: 4th March 2024 Payment date: 25th March 2024 Dividend yield will be 8.3%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it covered by cash flows (276% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is less than the 31% EPS growth achieved over the last 5 years. Reported Earnings • Feb 23
First half 2024 earnings released: EPS: AU$0.087 (vs AU$0.08 in 1H 2023) First half 2024 results: EPS: AU$0.087 (up from AU$0.08 in 1H 2023). Revenue: AU$187.3m (down 44% from 1H 2023). Net income: AU$14.3m (up 10% from 1H 2023). Profit margin: 7.6% (up from 3.9% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Buying Opportunity • Jan 05
Now 22% undervalued Over the last 90 days, the stock is up 7.0%. The fair value is estimated to be AU$2.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$1.98, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 165% over the past three years. New Risk • Aug 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Cash payout ratio: 304% Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Upcoming Dividend • Aug 28
Upcoming dividend of AU$0.10 per share at 8.3% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 22 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.3%. Within top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (5.9%). Announcement • Aug 24
GR Engineering Services Limited, Annual General Meeting, Nov 22, 2023 GR Engineering Services Limited, Annual General Meeting, Nov 22, 2023. Announcement • Aug 23
GR Engineering Services Limited Announces Ordinary Fully Franked Dividend for the Period of Six Months Ended 30 June 2023, Payment Date Is 22 September 2023 GR Engineering Services Limited announced Ordinary fully franked dividend of AUD 0.10000000 for the period of six months ended 30 June 2023. Ex Date is 4 September 2023. Record Date is 5 September 2023. Payment Date is 22 September 2023. Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: AU$0.17 (vs AU$0.22 in FY 2022) Full year 2023 results: EPS: AU$0.17 (down from AU$0.22 in FY 2022). Revenue: AU$557.4m (down 15% from FY 2022). Net income: AU$27.5m (down 21% from FY 2022). Profit margin: 4.9% (down from 5.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. New Risk • Aug 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 173% Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Buying Opportunity • Aug 16
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be AU$2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be AU$2.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Mar 20
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$2.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 22
First half 2023 earnings released: EPS: AU$0.08 (vs AU$0.096 in 1H 2022) First half 2023 results: EPS: AU$0.08 (down from AU$0.096 in 1H 2022). Revenue: AU$331.9m (up 9.8% from 1H 2022). Net income: AU$13.0m (down 12% from 1H 2022). Profit margin: 3.9% (down from 4.9% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
GR Engineering Services Limited Appoints Tony Patrizi as Managing Director GR Engineering Services Limited announced that Tony Patrizi will be appointed as Managing Director, effective immediately. Tony Patrizi has been GR Engineering's acting Managing Director since October 2022. Tony Patrizi is a co-founder of GR Engineering and is a Mechanical Engineer with over 40 years' experience in the mining and minerals processing sector. Tony has held an executive role on the Board and has been a key member of GR Engineering's senior management team since the company's inception. Tony Patrizi was selected following a comprehensive search conducted by an external search agency. This search considered experienced and highly credentialled candidates. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Joe Totaro was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 27
GR Engineering Services Limited Announces Managing Director Transition GR Engineering Services Limited announced that the Company's Managing Director, Geoff Jones, has decided to resign from his position at the end of January 2023, after serving more than nine years in the role. During the transition period, Tony Patrizi will be the acting Managing Director. Tony Patrizi is an Executive Director of GR Engineering and is one of the original founders of the business. There is no change to Tony Patrizi's remuneration. Upcoming Dividend • Aug 25
Upcoming dividend of AU$0.10 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 20 September 2022. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 8.2%. Within top quartile of Australian dividend payers (6.4%). Lower than average of industry peers (9.5%). Reported Earnings • Aug 23
Full year 2022 earnings released: EPS: AU$0.22 (vs AU$0.14 in FY 2021) Full year 2022 results: EPS: AU$0.22 (up from AU$0.14 in FY 2021). Revenue: AU$654.0m (up 66% from FY 2021). Net income: AU$34.7m (up 65% from FY 2021). Profit margin: 5.3% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Joe Totaro was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.98, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 9x in the Metals and Mining industry in Australia. Total returns to shareholders of 157% over the past three years. Announcement • Jun 22
GR Engineering Services Limited Revises Revenue Guidance for the Year Ending 30 June 2022 GR Engineering Services Limited revised revenue guidance for the year ending 30 June 2022. The company announced that full year revenue guidance for the year ending 30 June 2022 (FY22) is forecast to be in the range of $620 million to $640 million. GR Engineering had previously advised that fiscal year 2022 revenue was expected to be $580 million to $600 million. Reported Earnings • Feb 24
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: AU$0.096 (up from AU$0.055 in 1H 2021). Revenue: AU$302.3m (up 71% from 1H 2021). Net income: AU$14.7m (up 73% from 1H 2021). Profit margin: 4.9% (up from 4.8% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Over the next year, revenue is expected to shrink by 1.4% compared to a 742% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Feb 22
GR Engineering Services Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 25, 2022 GR Engineering Services Limited announced dividend for the six months ended December 31, 2021 of AUD 0.09000000 per share. Ex-date is March 3, 2022. Record date is March 4, 2022. Payment date is March 25, 2022. Price Target Changed • Sep 22
Price target increased to AU$2.00 Up from AU$1.85, the current price target is provided by 1 analyst. New target price is 12% above last closing price of AU$1.79. Stock is up 79% over the past year. Price Target Changed • Sep 05
Price target increased to AU$1.92 Up from AU$1.77, the current price target is an average from 2 analysts. New target price is 6.7% above last closing price of AU$1.80. Stock is up 93% over the past year. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 26% share price gain to AU$1.84, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$3.64 per share. Reported Earnings • Aug 25
Full year 2021 earnings released: EPS AU$0.15 (vs AU$0.047 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$393.4m (up 75% from FY 2020). Net income: AU$23.2m (up AU$30.5m from FY 2020). Profit margin: 5.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 04
Upcoming Dividend of AU$0.05 Per Share Will be paid on the 1st of April to those who are registered shareholders by the 11th of March. The trailing yield of 6.9% is in the top quartile of Australian dividend payers (5.5%), and it is higher than industry peers (5.0%). Is New 90 Day High Low • Feb 24
New 90-day high: AU$1.34 The company is up 22% from its price of AU$1.10 on 26 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.22 per share. Price Target Changed • Feb 24
Price target raised to AU$1.84 Up from AU$1.58, the current price target is an average from 2 analysts. The new target price is 37% above the current share price of AU$1.34. As of last close, the stock is up 44% over the past year. Analyst Estimate Surprise Post Earnings • Feb 24
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 24%, compared to a 141% growth forecast for the Metals and Mining industry in Australia. Reported Earnings • Feb 23
First half 2021 earnings released: EPS AU$0.055 (vs AU$0.073 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$176.3m (up 85% from 1H 2020). Net income: AU$8.53m (up AU$19.7m from 1H 2020). Profit margin: 4.8% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Feb 22
GR Engineering Services Limited Updates Earnings Guidance for the Fiscal Year 2021 GR Engineering Services Limited updated earnings guidance for the fiscal year 2021. As previously announced, the company increased its fiscal year 2021 revenue guidance, from a range of $280 million to $300 million, to a range of $340 million to $360 million. GR Engineering reaffirms the updated revenue guidance. Announcement • Feb 10
GR Engineering Services Limited Receives Letter of Intent from Pantoro Limited for the Engineering, Procurement and Construction of a New Processing Plant for Norseman Gold Project GR Engineering Services Limited announced that it has received a Letter of Intent (LoI) from Pantoro Limited (Pantoro) for the engineering, procurement and construction of a new processing plant for its 50% owned Norseman Gold Project (the Project). The Project is located in the Eastern Goldfields of Western Australia and is 725km east of Perth and 200km south of Kalgoorlie. The contract sum is $57.2 million. GR Engineering will commence ordering of long lead items and start engineering works immediately. Announcement • Feb 08
GR Engineering Commences for Construction of Process Facility for EcoGraf Limited EcoGraf Limited announced that it has authorised GR Engineering Services Limited to undertake works for the detailed engineering design for the construction of its new 20,000tpa battery graphite facility in Western Australia. The processing facility will use the Company's proprietary EcoGrafTM purification technology to deliver electric vehicle, lithium-ion battery and anode manufacturers a source of high quality and sustainably produced battery anode material products. Announcement • Feb 02
GR Engineering Services Limited Revises Earnings Guidance for the Year Ending June 30, 2021 GR Engineering Services Limited announced that full year revenue guidance for the year ending June 30, 2021 is forecast to be in the range of $340 million to $360 million. The company had previously advised that FY21 revenue was expected to be $280 million to $300 million. Is New 90 Day High Low • Feb 02
New 90-day high: AU$1.29 The company is up 24% from its price of AU$1.04 on 04 November 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.07 per share. Announcement • Feb 02
GR Engineering Services Limited to Report First Half, 2021 Results on Feb 24, 2021 GR Engineering Services Limited announced that they will report first half, 2021 results on Feb 24, 2021 Is New 90 Day High Low • Dec 29
New 90-day high: AU$1.21 The company is up 19% from its price of AU$1.02 on 30 September 2020. The Australian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.09 per share. Announcement • Dec 16
Gr Engineering Services Limited Announces Demises of Barry Patterson, Director GR Engineering Services Limited announced that its founding Director, Mr. Barry Patterson, has passed away. Barry served as Non-Executive Chairman of GR Engineering upon its ASX listing in 2011 and remained on the board as a Non-Executive Director since 2013. Barry graduated from the WA School of Mines in 1968 with a mining engineering degree. Over his career, Barry acted as a director of Sonic Healthcare (1993 2010), Dacian Gold (2012 2020), Silex Systems (1992 2010), Macmahon Holdings (1994 1997) and Lyreco (2003 2004). Barry leaves a substantial legacy at GR Engineering, in the WA mining industry, as a WA businessman, philanthropist and family man. The Board of GR Engineering expresses its deepest sympathies to the Patterson family for their loss. Announcement • Oct 16
GR Engineering Services Limited Wins Contract for the Engineering, Procurement and Construction Works with Millennium Minerals Ltd GR Engineering Services Limited announced that it has been awarded a contract for the engineering, procurement and construction works with Millennium Minerals Ltd. (Novo) associated with the Nullagine Gold Project, located in the Pilbara region of Western Australia. The contract price is $8.3 million and will be undertaken on a reimbursable cost basis. Millennium's mine and processing plant were shut-down in December 2019 and Novo is planning to restart the processing plant in early 2021. The scope of works includes the refurbishment and upgrade of the gravity circuit and associated facilities to enable operations to recommence. Announcement • Oct 04
GR Engineering Services Limited Appoints as EPC Contractor by Wiluna Mining Corporation for Stage 1 Works GR Engineering Services Limited announced that it has been appointed as EPC contractor by Wiluna Mining Corporation (Wiluna Mining) for stage 1 works relating to the concentrator development program for its Wiluna Gold Operations located in Western Australia (the Project). The contract sum is $25.7 million. GR Engineering will commence work in early December with commissioning scheduled for October 2021. Upcoming Dividend • Oct 01
Upcoming Dividend of AU$0.04 Per Share Will be paid on the 21st of October to those who are registered shareholders by the 8th of October. The trailing yield of 5.9% is in the top quartile of Australian dividend payers (5.7%), and it is higher than industry peers (5.2%). Is New 90 Day High Low • Sep 22
New 90-day high: AU$1.01 The company is up 36% from its price of AU$0.74 on 24 June 2020. The Australian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$2.30 per share. Announcement • Sep 18
GR Engineering Wins Contract for Design and Construction of the Lake Way Project from Salt Lake Potash Worth $107 Million GR Engineering won contract for design and construction of the Lake Way project from Salt Lake Potash worth $107 million. Lake Way is a 245kt per annum sulphate of potash development project in Western Australia with a mine life of 20 years. GR Engineering will provide services for non-process engineering design and the management of procurement, construction and commissioning of the project processing facility and associated infrastructure. Announcement • Sep 17
Calidus Resources Limited Selects GR Engineering Services Ltd as Preferred Contractor Calidus Resources Limited announced that as part of the ongoing Feasibility Study and to facilitate Front End Engineering and Design (FEED) and the placing of long lead items orders, Calidus has awarded preferred contractor status to the two value contracts being the open pit mining and EPC process plant contract. Both preferred tenderers have a long and successful track record in Western Australia and gold mining and have the financial, technical and operating experience to deliver on the proposed scope of works. Macmahon Holdings Ltd. (Macmahon) have been awarded preferred tenderer status for the open pit mining. GR Engineering Services Ltd. (GRES) have been awarded preferred tenderer status for the EPC contract for the process plant. Announcement • Aug 31
GR Engineering Services Limited (ASX:GNG) completed the acquisition of Hanlon Engineering & Associates, Inc. for $2.8 million. GR Engineering Services Limited (ASX:GNG) entered in an agreement to acquire Hanlon Engineering & Associates, Inc. on January 15, 2020. The acquisition is subject to the satisfaction of customary closing condition and is expected to close by the end of February 2020. GR Engineering anticipates that the business will immediately contribute to GR Engineering’s revenue and become EPS accretive in the financial year ending June 30, 2021. No material earnings impact is forecast for the current financial year.
GR Engineering Services Limited (ASX:GNG) completed the acquisition of Hanlon Engineering & Associates, Inc. for $2.8 million on February 28, 2020. The consideration consists of $2.3 million in cash and $0.41 million as deferred consideration. The deferred consideration is payable 6 months from completion, on 28 August 2020. GR Engineering also secured a USD denominated term loan to fund the Hanlon Engineering & Associates, Inc. transaction. At 30 June 2020, this term loan balance was $3.4 million. Announcement • Jun 22
GR Engineering Services Limited(ASX:GNG) dropped from S&P/ASX All Ordinaries Index GR Engineering Services Limited(ASX:GNG) dropped from S&P/ASX All Ordinaries Index 
