Trading at 11.5 ...seems like investors are finally waking up to the fact that without adjustment to profit guidance and data out of China that the industrial manufacturing base is firing on a v8 Plus equivalent combined with increased margins in nylon manufacturing ,,( see stories on caprolactum and new minor players reentering market) that this stock is highly undervalued...
I still project a substantially improved profit outlook and a return to dividend stream.. putting this stock on a silly P/e of less than 2 ..even if they pay 1/4 of the prospectus dividend flow which was based on a much smaller operation in start up phase this stock could deliver a yield of around 10% if they as I expect return to diviend flow of 4c per annum over the next 2 years the yield will be 40%!
No broker is currently following the stock after Pattersons ( float manager)left it on the shelf... but when they have to return to it ...as they will...expect a big rise in price and volumes ..lets wait for the feb annoncement but the look forward rather than the look back to the recovery phase is the key
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