Reduced GRP Ltd 50 lots in this week as part of usual and active stock
holdings re-balancing for $24 nett gain; total holding in it now at 11 lots. 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. It recently announced termination of its projects and development works in Myanmar.
Cash stock holdings walk since previous posting :-
+$10,346 Total Returns as of 6 June
+$24 Nett gain on sales of GRP
-$567 Unrealised positions worsened
+$9,803 Total Returns as of 13 June
Previous posting :- Cash - Closing Status 6 June
Remarks :- Profits locked in to-date $16,927 / year 2014 $5,434
Cash stock holdings walk since previous posting :-
+$10,346 Total Returns as of 6 June
+$24 Nett gain on sales of GRP
-$567 Unrealised positions worsened
+$9,803 Total Returns as of 13 June
Previous posting :- Cash - Closing Status 6 June
Remarks :- Profits locked in to-date $16,927 / year 2014 $5,434
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