A GEM - CHINA TAISAN . NET CASH . RMB 797.6 MILLION

VERY NOTABLE INSIDER TRADES !!!!!!
 
END JULY 2011 . DIRECTOR CHOI CHEUNG KONG BOUGHT ABOUT 6.5 MILLION SHARES AT 11.8c !!!!!
 
YOU CAN ACCUMULATE CHEAPER THAN HIM NOW
 
HE AND THE COMPANY GOT SO MUCH CONFIDENCE IN CHINA TAISAN . DON'T MISS THIS GEM .
RECENT MARKET SELLDOWN HAD OPENED AN OPPORTUNITY FOR US TO BUY

net cash might not be as huge as it is..
RMB 797.6m assumes only payment of borrowings.. there is still a chunk of payables to be paid.. margin of safety is not there if only factor in borrowings
 
Net cash (net all liabilities): RMB 625m
Remaining IPO proceeds to be spent (from 1H FY2011 notes) : RMB 42m
Proceeds from TDR + third party listing (factoring entire proceeds to be spent): RMB 190m
Net net cash: RMB 393m or SGD78m (1RMB to 0.2SGD)
 
Current marcap at last done price of S$0.095: S$105m
 
Cold hard idle cash stands at 74%!
 
seem to have some potential.. have yet to understand the business fully but share the same sentiment from earlier post that the industry is getting competitive.. 

to reiterate my pont that the industry is competitive...
 
eratat lifestyle is an example... shifted from sports wear to lfiestyle wear..

Looks like China Taisan going to roar and surge already ...
Trading 110% below NAV .  Cash rich . Low P/E .