World Precision Machinery

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13 years 6 months ago #4488 by Dongdaemun
Replied by Dongdaemun on topic Re:Bright World
I was told there was a trip made by analysts to Bright World recently. If true, that will help explain why the stock jumped 3 cents to 31 today. If not true, it's not surprising that the stock moved ahead of the release of the 3Q results which are likely to be strong.

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13 years 6 months ago #4500 by yeng
Replied by yeng on topic Re:Bright World
up again. now 32.5 cents.
can't wait for the 3Q results to confirm that the business is getting stronger. anyone has insights to share?

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13 years 6 months ago #4517 by yeng
Replied by yeng on topic Re:Bright World
Now it has gone ballistic: 41 cents .....Wished I had known the full story and gained more conviction.

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13 years 5 months ago #4684 by yeng
Replied by yeng on topic Re:Bright World
bright world has continued its upward climb.
now 49 cents. Solid business next year?

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13 years 5 months ago - 13 years 5 months ago #4692 by Dongdaemun
Replied by Dongdaemun on topic Re:Bright World
I believe Bright World will pay out another handsome dividend for full-year. Dont forget the chairman & CEO own 77% stake in the company. Also, I based my statement  on the Q&A below extracted from the AGM article


nextinsight.net/index.php/story-archive-...y-surprise-dividend-



Q: Can the chairman elaborate on the reason for the generous dividend? The bank balance is not very much (RMB 57 million) but the dividend is RMB60 m.

Wang Wei Yao: We can afford it. All the major capital expenditure has been done in the past couple of years. Going forward, there won’t be a lot of capital expenditure and our business volume will improve as the economy recovers.
Last edit: 13 years 5 months ago by Dongdaemun.

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13 years 5 months ago #4732 by Dongdaemun
Replied by Dongdaemun on topic Re:Bright World
Any more upside to this babe? Today closed at 55 cents!!!
Vol traded about 6 m shares, which is amazing considering that the management owns 77% of the company.

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