Thanks, yes I've heard that name before but never really took a good look at it due to its thin trading. I did pick up a small speculative position in an Australian Cotton firm NAM.AX
which I think I will sit with a while to see what develops. I don't expect this year to be very good for them, but with the tight market I envision a year out, it looked worth a bet. 2007 annual report for period ended Feb 28, 2007 stats:
Shares out 109,621,750
Revenues 359,487,000
Net income 12,622,000
Net income per share 11.5 cents
Total assets 190,787,000
Net assets 90,693,000
Net assets per share: 84 Aussie cents
Stock price 62 cents Aussie
Pays a dividend as well - 6 cents in 07 with 2.5 cents to record holders June 22.
finance.yahoo.com
Trades as NMCTF.PK finance.yahoo.com
They are forecasting a tuff 2008 FY and 2007 growing year based on reduced crop totals for all of Australia but expect to remain profitable. |
