Current price: $0.35
1. CNAV2 (conservative net asset value) is trading at 60% discount
2. 5 years operating cashflows had been positive
3. Debt to equity: 50% (not highly leveraged)
4. Cash to debt: low (weak balance sheet)
5. Paying dividends for the last 5 years
TA analysis:
1. Downtrend in place since 2012 (3 years)
2. 20 & 50 Moving averages have crossed up
3. Price action has crossed above 200MA
4. If price action can hold above 200MA and above between 0.335 to 0.365, it has a good chance of making a recovery. If it goes above 0.365, meaning trend is changing.
Other articles on World Precision Machinery Limited:
1. http://www.fool.sg/2015/03/11/heres-why-this-share-with-a-12-8-dividend-yield-could-be-a-yield-trap/
2. http://nextinsight.net/index.php/story-archive-mainmenu-60/924-2014/8442-world-precision-qdividends-paid-exceeds-ipo-proceedsq
3. http://nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6807-world-precision-machinery-rationale-for-board-changes
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