Noble China (NMO) on TSE. Chinese Brewery Stock Message Board

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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock

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To: 1st.mate who wrote (82)	3/8/1999 6:15:00 PM
From: Ciao	Read Replies (1) of 248

Matey, here is a posting I put on INSIDER TRADING wrt NMO and its cash position; They are probably holding the cash for interest payments on debentures (approx. 2.5M/year), for debt to the Northern breweries, working capital, and redemption of debentures (about $25M, due in Nov. 2004). However in terms for having sufficient funds to redeem the debentures, they need about $5M over next 5 years. They are getting about $10+ M from the only reporting breweries each year. Once NMO gets control of Northern breweries and can report earnings from them, NMO could be a cash cow. With the recent share cancellation, EPS should really move up soon. This stock has probably already hit rock bottom, great upside. .......... Investors should not think about receiving a $1 dividend, they should concentrate on increased EPS due to smaller float, consistent earnings, low PE, and addition of earnings from Northern Breweries. That alone qualifies this company as a BUY.

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