re: Ann: Rectifier Technologies sells Rectifi... bellcurve,
RFT is on the road to financial health.
It has been hard yakka till now.
# Total debt of roughly $1.2m will be largely retired.
# The loss RTUK revenues will be more than compensated by increasing sales in China.
RFT has been trying in vain to establish a foothold in China....but had to contend with declining market share in Aus,USA & Europe.....It is only recently we are hearing about $1.4 contract with a Chinese customer commencing in Feb 2014.
Sichuan Yimikang is a profitable decent size player...It will be instrumental in RFT's success in China.
The problem with heavy Chinese presence on the share register is that it will deter large hands from taking interest....Expect severe discount to assets/sales/profits etc.....A PE well under 10 is usual in these outfits.
Liquidity is another issue...RFT trades only by appointment...It suits a very long hold.....I expect some dividend income in a couple of years.
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