Second time round to pick up China Sports on the cheap?? I just don\'t understand why management is so quiet...and there has been a persistent selldown by one of the major shareholders. Maybe there is something he knows and we don\'t. Just another case of poor corporate/investor communication which does not say much about management. The least they could do is issue an interim statement about it\'s business even if it is bad but they could have said what they are doing to mitigate the downturn and how to position for future growth. The silence is really deafening. Maybe Next Insight should make an aggressive pitch to them saying that the less they communicate the more depressed their share price will become...or maybe management simply don;t care.
CHINA SPORTS REPORTS SOLID REVENUE AND PROFIT GROWTH FOR FY08 FY08 revenue increased by 54.1% to RMB1,859.7 million on higher demand for all product segments YELI apparel revenue surged 69.5% to RMB348.1 million in FY08 FY08 gross profit up 46.2% to RMB386.3 million FY08 net profit after tax up 19.2% to record high of RMB184.9 million NAV per share as at 31 December 2008 was RMB1.13 EPS in FY08 was RMB0.28 Recommended final dividend of RMB0.0275 per share New endorsement deal with Fahrenheit to raise YELI brand visibility
Wow..that\'s incredible..the question is now about trust and maybe the not fundamentals anymore. China Milk reported strong results only to get beaten down, China Hongxing worse...it\'s all about trust. Once the trust factor returns which will be months away at least then all the S-Chips would easily triple from these levels...
NextInsight
a hub for serious investors
