Homepage
PR Newswire
30-05-2013, 12:17 AM
I am very impressed by the just released FY13 (ended 31Mar13) full-year results.....
http://info.sgx.com/webcoranncatth.nsf/V...A003398FC/$file/FT_Announcement__March_2013.pdf?openelement
Clearly, having revamped its regional network the manufacturing plants, Fisher Tech's precision plastic parts business has staged quite a solid profit turnaround in FY13 and appears now operating on a sound footing. The latest 31Mar13 B/S remained rock-solid and conservative in a net cash position. A higher total $0.009/share in Final + Special dividends (vs. a $0.006/share Final for last FY12) declared.
Would Mr Market be willing to re-rate this grossly under-priced stock (last done at $0.124) towards its justified fair value, which by rationally thinking should be in line with its latest NAV/share of $0.2968. No?
http://info.sgx.com/webcoranncatth.nsf/V...A003398FC/$file/FT_Announcement__March_2013.pdf?openelement
Clearly, having revamped its regional network the manufacturing plants, Fisher Tech's precision plastic parts business has staged quite a solid profit turnaround in FY13 and appears now operating on a sound footing. The latest 31Mar13 B/S remained rock-solid and conservative in a net cash position. A higher total $0.009/share in Final + Special dividends (vs. a $0.006/share Final for last FY12) declared.
Would Mr Market be willing to re-rate this grossly under-priced stock (last done at $0.124) towards its justified fair value, which by rationally thinking should be in line with its latest NAV/share of $0.2968. No?