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16-03-2011, 11:47 AM
Mencast uploaded their FY presentation slides on their website - http://mencast.listedcompany.com/misc/ME...mat%29.pdf
Quite a fair bit of pictures of their products and the new water-front facility. Interestingly, they have expanded their scope in the Sterngear Service division by entering into a Fleet Maintenance Program. At the moment, they have 3 clients in the FMP division - PSA Marine, Swissco Offshore and Ajang Shipping. They also expanded their manufacturing capability by offering Mewis Duct products.
The Management looks bullish about their prospects but I must caution that despite the stellar profitability record, Mencast is a very small company dealing in a highly volatile environment. I guess a good indication of a recovery in their manufacturing division would be an increase in their reported order-book in 1H 2011 financial statements. Currently, it stands at $8 million.
(Vested)
Quite a fair bit of pictures of their products and the new water-front facility. Interestingly, they have expanded their scope in the Sterngear Service division by entering into a Fleet Maintenance Program. At the moment, they have 3 clients in the FMP division - PSA Marine, Swissco Offshore and Ajang Shipping. They also expanded their manufacturing capability by offering Mewis Duct products.
The Management looks bullish about their prospects but I must caution that despite the stellar profitability record, Mencast is a very small company dealing in a highly volatile environment. I guess a good indication of a recovery in their manufacturing division would be an increase in their reported order-book in 1H 2011 financial statements. Currently, it stands at $8 million.
(Vested)
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