Buy @ $0.52
Add to my collection at a much higher price, ~24% higher! 😀
Q3 results, released on 18-Oct, was very good. EPS = 4.29ct for 3Qs is already higher than FY11 = 3.73ct. For Telecom, MENA, as expected contributed positively to the increase in Revenue and Profits. What I'd not expected was the positve for InfoComm segment. DMG report, which was released a day earlier was able to identify this and I suspect they may have met Neratel mgmt and gotten this knowledge.
In fact, prior to DMG report, Neratel share price had suddenly moved up from ~47ct to ~55ct. After the Q3 results announcement, it dropped to 53.5ct. Looks like profit taking… It continued to drop today and I saw selling in 100 lots blocks. Take the risk to Q and got some. Went to Q more, but has rebounded. will try to slowly collect more leading towards Q4 results as I think there's a very high chance DPS = 4ct (last 2 years) will be increased to 5-6ct. Am projecting FY12 EPS = 5.75ct to 5.95ct. 😀