This stock is in my small cap portfolio. Strong balance sheet (net cash). Operating performance should recover this financial year after cessation of its licensing business.
Besides its low price/book ratio which you have highlighted correctly, the other key data are the low dividend payout of 37% and the cash/dividend ratio of 13x. This means that the company can easily raise its dividend payout this financial year.
Another key factor to note is that Valuetronics is increasingly involved in its LED lighting OEM business and prospects in this global industry sector is strong.
Stock price closed at 0.225 today, has been hovering around 0.20 to 0.22 range for past 3 months.
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