Gévelot: update following their annual results

Lots of cash but is it enough?

I have been following this company for a while. Lots of changes took place in the past years. It is an old company wtih a rich history. I have been to a couple of their annual shareholder meetings in the past as it is the only moment where you can have a thorough exchange with management.

Their very nice net cash position comes from a very good sale. Their managed to sell Kudu to Schlumberger at an extremely very good price 75,5 M€ for their 40% stake in 2014.