4. Trading below nta:
Nta : 83.8 cts
Current price : 49.5 cts
5. Excellent dividend:
Company has been consistent in distributing dividends. The dividend
varies from 2.5 cts per share to 4.0 cts per share. Current year total
dividend declared is 4.0 cts. on price of 49.5 cts, it gives a yield of above
6. Low Valuation:
On current price of 49.5 cts, the company has a PE of around 5x.
With improving top and bottom line, the valuation will be lower.
7. Given the current trend in top and bottom and management optimism
i believe the profit will be better for year 2017, barring unforseen circumstances
and all things being equal.
Personally, am going for long hold. In the meantime, am look forward to the
yearly lucrative dividends.
Please note .. this company is outside the radar of most people, its thinly traded,
and there is often a gap between buy and sell price. This counter is not for punters
or short term investors .. in my views.
This posting is not an encouragement to buy or sell. Its for sharing only.