In summary...
Net assets are $17m divided by
Shares on issue. 62.9m
Equals 27 cents per share
Net profit increased by $500K despite revenue falling by $500K.
Net profit for the year was $1.46m with eps 2.33 cents with no dividend.
If the rights issue can yield 30 cents a share, then that's another $5m. Surely sinotrans can afford that!!
In summary... Net assets are $17m divided by Shares on issue....
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