PrefInvestor wrote:
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I was looking for information relevant to revenue, cash generation and dividend cover. I picked out the following points:-
Page 30 cash on hand £123.7m enough to fund all remaining capex for the planned portfolio expansion. So no extra debt or funding is required to complete the planned expansion programme it would seem.
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Pages 29-34 the management look to have performed extensive modelling of various scenarios with their effect on NAV and revenues. On the face of it these look encouraging.
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Thanks for giving the page numbers in the 2023 Annual Report. It makes it easy to check what you say.
This quote from page 14 of the 2023 Interims caught my eye:
"We would expect to see this cycle of tightening market
saturation restricting new entrants, followed by more
opportunities for existing market players, in every market."
Let's hope all GSF's other markets (I mean other than GB) don't saturate at the same time!