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Friday, 13 June 2014

Cash - Closing Status 13 June

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

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