The pound is down. The dow Jones is trading strongly. Asia trading has or is about to start. We make a good profit and looking forward to anice dividend.
We are so undervalued. The 35 days USA government shutdown is out the way. The Hong Kong office will be trading within weeks. John Gunn has bought 1.7 million at the bottom of the share price. Dividend will be here soon.
I fully agree Bilbo. Our main market was closed for 35 days. People getting paid for no work. This can have a huge effect on profits. This is now out of the way and our seeds are being spread in asia. We still made a good profit for our market cap. Asia is the key to good future profits.
So the reduced in profit in the update is due to extreme circumstances with the usa government shutting down for 35 days and also extra investments in the Asia office and towards the Synergis investment bond.
Putting all this into context the results actually did well.
The Hong Kong office is due to start trading in May or June. Excellent opportunity to buy at this low price.
We cover The Americas, EMEA, and the following Asia-Pac regions: Australia China (A&B shares, including Stock-Connect) Hong Kong India Indonesia Japan Malaysia New Zealand Republic of Korea Singapore Taiwan Thailand
Turnover last year was £6.5million with a net profit margin of 46% making around £3 million net profit.
Our cash pile has grown to well over £5million in the last few of years.
We are in exciting times here. The Hong Kong office I think will easily double our profits going forward and that is even if our USA operations doesn't grow in the mean time.
Sit back and wait for this to explode into action. Don't forget this company has no debt whatsoever.