10-07-2014, 09:24 AM
(10-07-2014, 07:48 AM)lotustpsll Wrote: Price took off yesterday closing at 47c on high volume. I think the trigger was prompted by the corporate day, on 8 July, organised by Phillip Capital for "buy side" investors. Interestingly, the Group CFO confided that 58% of its cash pile (hkd477m) is in excess of its operational requirements.
Food for thought!
The "idle" cash is certainly attractive. Wonder what will they be doing with it? I still waiting for my "big" special dividend.

Even if it left idling, the ever increasing cash pile will lend very good support to the share price.