Ephy wrote:I think this is a brilliant perfomance considering other factors. Cables is affected mainly by the fluctuating LME metal prices,which have been unfortunately going upwards. Cheaper counterfeit cables from India/China have had an impact on the biz. Gross turnover was as a result of the increase in prices rather than increase in copper tonnage sold.At current prices,as well believed in brand,i think EAC is a good share to hold.
I disagree! While the results are better than we envisaged due to the profit warning, they are still not commendable. Main point to note is that there is still a reduction in profits in the company (for the group it was expected).
The Dividend yield is OK and the bonus will of course excite in the short term. For speculators, of course this is a godsend.
Note it has started well today, and considering it is a TCL share and they are DESPERATE to list this year, maybe they will prop it up. On that consideration alone, I am IN, if I can get it at a decent price. Purely for SPECULATION. I do not intend to stay in for long.