CHINA FIBRETECH

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10 years 10 months ago #15438 by Joes
Let's look out for a good 1H profit, and the stock can fly after that. If not, hentak kaki for another long period. 5.6-5.7 cents this morning. What's intersting is that there is goood volume traded for this stock.

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10 years 10 months ago - 10 years 10 months ago #15440 by greenrookie
Replied by greenrookie on topic CHINA FIBRETECH
It might be a good idea for punters for this stock to track the cash level at company level for this counter.

Cash level at company level is the cash the subsidiaries flow up to the holding company (china fibretech), so that the company can give out dividends if they want.

The cash at company at most recently quarter is 3k rmb =P

the prior 2 quarters 1 K =p =p,

granted it is because of the loss making quarters, but if you track backwards for the last 2-3 years, it ranges from 6 k to 400 over k.

Compare with foreland, which used to give dividends, the contrast is glaring
Last edit: 10 years 10 months ago by greenrookie.

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10 years 10 months ago #15537 by Joes
Replied by Joes on topic CHINA FIBRETECH
After release of 1H results with a profit.....

the share price is now 6.8 cents with 9 m shares traded so far today!

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