We shareholders have to be happy with the forecast for the rest...

We shareholders have to be happy with the forecast for the rest of 2010 . Ebitda margins up hanging around 10% + or- 1%. 17m Yuan NEt Profit 2009 to 38-42 mill yuan for 2010 - that will lift capacity for dividend to at least 2c if they wish but may hold back on the payout ratio as they clearly see opportunity for Phase 4 expansion of 40,000 tonnes and looking clearly at an upstream polymeristion company for M&A . The vertical integration to assist with margin expansion no doubt and reduce uncertainty over input costs. This may be a side result of the tarriff imposed by the authorities last year on the imports of nylon product ( tyres disagreement with USA etc)..
This company is on a good roll now. I was suprised that the SP didnt jump more on the presentation it hit 11.5 bid only to fall back to 11 on tiny turnover..Someone will wake up soon no doubt to this yield and growth prospect.

We really need broker coverage - Paterson's return to coverage would help liquidity