Some good comment guys.....I'm certainly happy with the holding...

Some good comment guys.....I'm certainly happy with the holding and happy they are paying no dividend..

Manufacturing is a funny business and in China with such low labour costs, it's a bit funnier.......high capital costs and high fixed 'running costs' even if no product is made.....so they are pretty scared about the outlook with US tailing off

Having said that, it does not get any lower cost than China and my understanding is they are not sinking capital so the cash should be going no where.....

As long as they get their factory to run most of next year, handy earnings are locked in off this capital base....it's a very low spec company though...you'd expect so at this valuation...good luck all