World Precision Machinery

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.

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?

Now it has gone ballistic: 41 cents .....Wished I had known the full story and gained more conviction.

bright world has continued its upward climb.
now 49 cents. Solid business next year?

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.

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.