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: Ed Pakstas who wrote (88)	3/9/1999 4:52:00 PM
From: mick	Read Replies (1) of 248

Sorry Ed, I meant $ 1.5 per share. As for book, its $ 9 per share. The dividend is of course 11 M$. Doesn't that look cool. If the company was sold today, we would get $ 9 per share. You gotta like that (ok, if it was a fire sale, we might get half, but that is still pretty good in my books !). Just doing a retake on earnings though. The company reports earnings of $ 0.42 or more than double last year for the 9 mth period. They had already used the 11 Mshare figure vs the previous years 16 Mshares. Confused me somewhat and made the growth too phenominal for a brewery. Actual earnings before taxes are slightly down (200 K$) so there hasn't been real growth, just settlement from lawsuits. Still looks ok. 6 M shares are supposed to be the public float. If they resolve the northern breweries, I suspect we will see mutual fund investment. I don't expect a huge run up from individual investors (come on you ARP brats, here is a solid investment). Cheers

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