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think there has been a minor error in the cash and cash equivalents in this quarterly cash flow report. The placement of 17+ million in fixed deposits from last quarter has not been recorded into the Note A though it has been correctly listed in the other asset section.
In any case, debt has decreased and with a 3rd quarter of profit at around almost 0.4c per quarter, can be quite confident of the turnaround so long as the larger industry is stable.
IMHO share buyback will be a more likely scenario compared with a bonus dividend given the action of locking up 17+m in FD.
Just like memtech was at 10cents, avi-tech at 10 cents is looking pretty sweet and undervalued as well.
Time for analyst to come in with their wild projections of another possible InnoValues.
-v-
Congrats SGpunter for catching this turnaround so early
pretty sure it will turn out to be at least a double bagger for you. $1.30 soon.
In any case, debt has decreased and with a 3rd quarter of profit at around almost 0.4c per quarter, can be quite confident of the turnaround so long as the larger industry is stable.
IMHO share buyback will be a more likely scenario compared with a bonus dividend given the action of locking up 17+m in FD.
Just like memtech was at 10cents, avi-tech at 10 cents is looking pretty sweet and undervalued as well.
Time for analyst to come in with their wild projections of another possible InnoValues.
-v-
Congrats SGpunter for catching this turnaround so early
pretty sure it will turn out to be at least a double bagger for you. $1.30 soon.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com