KTD 2.86% 18.0¢ keytone dairy corporation limited

Ann: Appendix 4D and Half Year Report, page-8

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  1. 923 Posts.
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    Nothing on annoucement new to the market. The fact that I appreciate the effort from the mgt to answer concerns (low gross margin for example). Few take-away below:
    -un-reported liabilities regard to the new plant construction (which we already knew) around 1.5 mil.
    -Receivable increase 500% which may indicates significant growth of new customers contract. ( this may relate to growing sale of new AMF product)
    -low gross margin for this half due to new AMF production line establishment)
    -plenty of cash for things going as plan
    -tangible assets worth ~10c per share give current P/B to 4.7x
    -my guess: given ~500k receivable which is 30days payment.Assuming this rate unchange, 2nd half sale would be >3mil at least.
 
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