Not too much to report but some of the topics covered include:
Component Homes
"Further expansion of the Company’s installed production capacity is currently being exacted."
I assume this comment is in relation to Component Homes. At full capacity profit is around $7m.
"JVG Framing Pty Ltd, trading as Component Homes, has enjoyed a successful half year achieving the milestones set by the Board. JVG Framing Pty Ltd is a wholly owned subsidiary of JV Global Limited. The six months to 31st December 2007 has seen JVG Framing Pty Ltd traverse the post acquisition consolidation phase and enjoy significant growth in sales and production. Expansion of the operations of JVG Framing Pty Ltd is continuing, being slowed only by the availability of skilled staff and available capital. It is anticipated that the results for JVG Framing Pty Ltd for the second half of the 2008 financial year will be strongly positive.
India
"Initial sales by the India operation are encouraging however market development is expected to evolve over the next twelve months as market acceptance of our product is established. Further negotiations are continuing with large commercial customers of our steel door frames and synergies with our UAE operations are becoming apparent."
Another article on their website reiterated that they are looking at sales of 100,000 frames in the first 12 months of operation.
UAE
"Arabian Profile Global Co LLC’s operations in the UAE have begun to record significant sales of steel door frames in recent months with factory production reaching satisfactory levels. Arabian Profile Global Co LLC is the joint venture company established by the Arabian Profile Ltd (54%) which is controlled by the ruling family in Sharjah and JV Global Limited (46%). There are indications of strong and continued growth in sales of steel door frames in the UAE for the foreseeable future."
JVG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
