Homepage
PR Newswire
08-05-2012, 11:36 AM
Just finished reviewing MIT's FY11 (ended 31Dec11) AR which makes interesting reading.....
http://info.sgx.com/listprosp.nsf/07aed3...e0010245b/$FILE/MIT%20Annual%20Report%202011_low.pdf
Based on the candid inputs from MIT's management, it appears to me the company is poised to do as well if not better in this FY12 and perhaps also next FY13. I would invite views from other forumers and shareholders who have also reviewed the AR.
As it is now based on MIT's latest (as at 31Dec11) NAV/share at $0.1577 and nett cash/share at $0.065, the last done share price at $0.103 (ex a $0.0025/share Final dividend for FY11) appears grossly adequate to account for the solid B/S and the valuable technology content and patents within the business, as well as its improved prospects.
http://info.sgx.com/listprosp.nsf/07aed3...e0010245b/$FILE/MIT%20Annual%20Report%202011_low.pdf
Based on the candid inputs from MIT's management, it appears to me the company is poised to do as well if not better in this FY12 and perhaps also next FY13. I would invite views from other forumers and shareholders who have also reviewed the AR.
As it is now based on MIT's latest (as at 31Dec11) NAV/share at $0.1577 and nett cash/share at $0.065, the last done share price at $0.103 (ex a $0.0025/share Final dividend for FY11) appears grossly adequate to account for the solid B/S and the valuable technology content and patents within the business, as well as its improved prospects.