CNN cardia bioplastics limited

Ann: Half Yearly Report and Accounts , page-3

  1. 524 Posts.
    Hi TTC,

    Agree.

    I cashed out last year, but always keep an eye on this company as I believed they had/have good potential.

    First off the bat I am always cynical of a company that releases the finances at the end of the closing bell. Tells me they expect a poor reation.

    The profit margins do seem squeezed, but IMO this is due to the (relatively) low volume they are selling. If they convert one of those big contracts, Im sure the PM should be better.

    My main concern is - does the current PM take into account the factory deal in Malaysia which was semi-funded, the tax breaks, etc.

    Maybe Pat should take a paycut until things improve? Nah....never !! Hit the shareholders and oppie holders for more cash - thats the CNN way !
 
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