CLV 1.01% 49.0¢ clover corporation limited

wise owl in the australian, page-5

  1. 27 Posts.
    Clover had a write up in Brendan Lau's Small Caps column in last Thursday's AFR.

    Main points:

    - Some believe CLV is under-appreciated since it is on track to post 60% sales growth in the new financial year.

    - CLV has delivered a 39% annual return compared to 11% for the ASX Small Industrial Index.

    - CLV has tumbled 11% from Feb's five year high of 32c after its joint venture posted worse than expected losses.

    - Healthy balance sheet with $30 million in cash and no debt.

    - Microequities is forecasting a 30% lift in net profit to $4.2 million for 2009-10.
    - Next year's result could be even better if CLV sold some of its non-core assets.

    - Carlos Gil from Microequities believes the outlook for CLV couldn't be brighter with exposure to the fast growing Omega-3 market in particular Asia.
 
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