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Sunday, 30 March 2014

SRS - Closing status 28 March

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

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