just reported earnings of 4,000,000.00 - i assume that 2,000,000.00 will be added to the earning report of awrcf.ob to be released in one weeek- it equals .14 to awrcf.ob- should see earnings of .30 for the 2nd q. Major broker in the WST recommends awrcf.ob still the cheapest stock in my universe of stock- 62 million in cash - 13.8 million share outstanding bk value does not take into account the additional 4 dollars in minority interests- yielding around a 14 dollar book value. charoong thai wire www.ctw.co.th
as you know the - the annual is on the 3rd of sept so on or about that date we will have the 2nd q numbers- I assume the rev will be higher than the 104 million for the first- a good example of the reasoning is that charoong rev and earning exploded on the upside- I think earnings up 20%- rem thailand was have social problems and the company still blew the numbers away, recent contracts in singapore continue to indicate strength, china may be slowing a little but still plenty of growth and Australia never had a recession! I think we will see at least .30/sh net unless some extra ordinary expense and I would not assume seeing that until the 4th q of 2010. I intend to be on the conference call on the 3rd and see when nasdaq or amex listing will be final and why not give out a div to shareholders- they have 62 million total dollars with shrinking debt! My position in awrcf.ob is larger than normal so it sure helps while the rest of the market collapses because of Obama's failed eco expense of 878 billion. I believe that regardless awrcf.ob is worth $10.00 today just based upon current reality. i'll bet that rev comes in at $125 million and .30 net-- we will see if I miss or score! Even if they match the first q and mirror the next 3 q's we get $1.00 in earnings - If we earn $1.00 we will not sit @ 4.30 very long-- glad you got some- many would not touch it when it was 2.80 because like idiots they would not buy it because it did not trade much or still on the OTC BB. the fools never learn!