£21m v 7m market cap10 Jun 2011 14:20
I was try to get in this morning @24p when the RNS is out, but was stuck in others. now finally decided to be in this
I m doing further research on them now, but I brief u here,
-Market Cap is just 7.07m
-Only with 29.45 share (but 55.6% r not in public hand),
-with Sales: up 10% to £21,357,000 (so £21m v market cap of £7m????)
- Operating profit: up 86% to £938,000 (~£1m profit mc 7m still sounds cheap)
- Proposed total dividend: 0.525p up from 0.15p (AIM share which pay dividend??? 52p)......
-Debt free!
-Cash £1.2m I think (I forgot how much exactly now)
- have business in China
Sounds so cheap to me......especially when they ve 21m sales v market cap of 7m with only around 13.25m share to trade & they pay div 52p. How many AIM share u c will pay div? & they even up the div this round