Nearly $2 Million cash flow positive and only $64k tax. What a great country to operate in.
This company has found a very profitable niche, and looks like abandoning containerised shipping altogether, and just focussing on the provision of port and shipping services.
This moneyspinner netted $1.46M, up from 945k and is to become the core business, and it could be looking at $2M plus this year. They are looking at Vietnam as the next market.
Coincedently, Sinotrans are No.1 in China for provision of port services. They own 17% and earn billions.
They will have a good hard look at Richfields rights issue, which expires in May.
The chart looks good. A bit more interest this week.
Looks as if 12 cents is the base for the next leg up. Should be 24 cents (asset backing) very soon.
Thoughts anyone?
RIS Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
