Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hey guys I have been trying to find some interesting small caps preferably paying a dividend and growing TEA is one I have noticed . Most of its growth seems to have come from acquisitions tho. But it has started paying dividends last year Any thoughts on it as a possibility for increased dividends and potential growth Cheers and thanks Shane
Hi Shane,
This $690mn SA based company only listed in April 2024. It provides specialised trade-skilled services to the mining, resources, and industrial sectors. The company currently operates through four main divisions, electrical, mechanical, civil and water & fluids.
TEA has demonstrated significant growth in recent years, accompanied by a strengthening balance sheet. The company’s net profit after tax rose to A$30.5 million in 2024, compared to A$19.5 million in 2023 and A$13.6 million in 2022.
So far Tasmea has effectively managed its financial growth, while enhancing profitability and strengthening its balance sheet through strategic acquisitions and operational efficiencies. As is common, its probably picked the low hanging fruit first but we like what they’ve done so far, and the stock looks good value under $3.
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