(1) It is possible that a foreign enterprise manages to be profitable in a relative short time when many naysayers have said it was not possible. (China would clone them etc) (2) Co is cleverly positioned as a Israeli technology, Australian listed co in the world's biggest market currently. The CEO of Asia is Chinese, albeit an overseas Chinese who understands the needs of the Chinese market. Shrewd also not to mention where the overall CEO and Chairman is based geographically during this sensitive period of intense competition between two superpowers. (3) Credit is given to Chinese management that has driven expansion into Asia. (4) attractively positions FLC as a possible takeover target with distribution and market presence in China, North and SE Asia, to any acquirer who currently only has European and North American operations and keen to be truly a global company with Asian market presence. Likelihood to keep the Australian listing for better neutrality. (5) Product has greatly reduced technology risk with 300 installations.
I hope I am not over thinking especially on point (4).
FLC Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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