Valuetronics Holdings

[GFG]

Good to note that the "low base" effect is over and FY2014 will be a much higher hurdle for them to overcome.

I think capital appreciation for the stock is limited now unless it gains more traction for their attractive yield. Dividend payment for FY2014 is at the maximum 50% payout ratio which means marginal increase in dividend while some possibility for a cut in dividend if they under-perform in FY2015.

Agreed with the 1st statement
Don't think valuetronics will do particularly poorly, but the MOS is gone, and the bulk of the appreciation in the near to mid term is over