Divested away GRP Ltd 75 lots in this week for $285 nett gain as part of usual
portfolio re-balancing. For its HY2014 financial results, revenue +5.7% with growth in
all the three business divisions. Strong demand in Hose & Marine
and ramp up in orders from a middle east customer for its uPVC.
Administrative expenses -6.7%. Profit 24.4%. Free cash flow status at
the moment. Cannot understand reason(s) for not declaring any dividends
with this set of good results. The ex-President of REDAS, Mr Teo Tong
How will be part of GRP's independent non-executive director and
chairman of the board of directors. Mr. Teo will add tremendous value
to GRP due to his vast knowledge, experience and network in property
development, and property investments.
Portfolio walk since previous posting :-
+$5,068 Total Returns as of 14 March
+$285 Nett gain on sales of GRP
+$422 Unrealised positions improved
+$5,776 Total Returns as of 28 March
previous posting :- SRS - Closing status 14 March
Remarks :- Profits locked in to-date $13,735 / year 2014 $1,133
Portfolio walk since previous posting :-
+$5,068 Total Returns as of 14 March
+$285 Nett gain on sales of GRP
+$422 Unrealised positions improved
+$5,776 Total Returns as of 28 March
previous posting :- SRS - Closing status 14 March
Remarks :- Profits locked in to-date $13,735 / year 2014 $1,133
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