noodles
09-02-2014, 09:08 PM
Huge day for this stock on the ASX on Friday. Rose 29% on 1h14 profit guidance.
"Techniche Limited is pleased to advise that the company expects to report a net profit after tax in the range of $1.5 to $1.6 million dollars for the half year to December 31 2013.
The company further advises that the breakdown of this profit is based on a trading profit of
approximately $1.1m, with the balance being exchange gains.
It is expected that the final half year report will be published in the third week of February, at which
time a more detailed update on the results will be provided, as well as updated guidance for the full
year. "
Annualized and excluding exchange gains, this gives FY14 NPAT = $2.2mill or 1c per share.
At the current price of 9.4c, the pe is 9.4.
I'll let readers be the judge of value of the stock, but I'm holding.
"Techniche Limited is pleased to advise that the company expects to report a net profit after tax in the range of $1.5 to $1.6 million dollars for the half year to December 31 2013.
The company further advises that the breakdown of this profit is based on a trading profit of
approximately $1.1m, with the balance being exchange gains.
It is expected that the final half year report will be published in the third week of February, at which
time a more detailed update on the results will be provided, as well as updated guidance for the full
year. "
Annualized and excluding exchange gains, this gives FY14 NPAT = $2.2mill or 1c per share.
At the current price of 9.4c, the pe is 9.4.
I'll let readers be the judge of value of the stock, but I'm holding.