SELL INTO STRENGTH HAHA.....SHORT GRP LOL

But honestly, you uncovered a gem Musicwhiz. Lets hope it can continue to sustain its profitability in the long run. Is its industry highly defensive or niche ? Is there any listed peers to compare with ?

musicwhiz5      ( Date: 08-Feb-2010 23:42) Posted: I thought the answer was obvious?

good good good, overall looks good. :)

This is one of the 3 counters in my portfolio which looks green even after this correction till now.

dunno whether they will give special dividend this year?

musicwhiz5      ( Date: 05-Feb-2010 20:40) Posted: Dear all, GRP has just released their 1H FY 2010 results. A summary as follows:- Revenues were down 5.4% due to weakened economy and lower orders for uPVC. Gross margins were also down from 38.9% to 35.9%. But net profit was up 11% to S$2.3 million due to better admin expense control. For Balance Sheet, cash went up from S$13.6 million as at June 30, 2009 to S$14.2 million as at Dec 31, 2009. Current ratio rose from 4.77 to 5.87, as payables and current liabilities decreased. Trade receivables remained relatively flat. Inventories dipped a little (S$0.7 million) probably as a result of lower sales (the company is stocking up less). NTA is about 17.78 cents per share. Cash per share stands at 10.21 cents. There was net operating cash inflows of S$2.2 million, with capex of S$205K, meaning FCF of about S$2 million. An interim dividend of 1c per share was declared. At last done price of 22.5c, and assuming another 1c final dividend, yield is 8.89%. :)