afd,
Unfortunately with limited disclosures we are left to quite a bit of guesswork. I think that PowerEagle international sales (if any) would be electric bicycles and not scooters. I haven't seen one mention anywhere in my research of PowerEagle selling scooters outside of China.... but I have read about Chinese made electric bicycles being sold in Europe.
Anyway, having a bit more of a look at the press release - I notice that cash from operating activities came in at a negative $1.8m - not too sure what to make of this as there are so many variables within this number. I'd say forget about dividends until this number is majorly positive (3+yrs for mine).
In the whole scheme of things Haiyong has been nothing short of a shocker.
Unfortunately I cannot see any type of significant share price re rating until half year results now, but do look forward to the annual report which hopefully will provide some more insights.
I might top up if it gets to low 20's ....otherwise forget about it for another 6 months for me.
sents
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