Shares & Derivatives
Orient Century
By Investment Moats  •  January 23, 2008
By: Drizzt oriental-century.bmpThis company was brought to my attention by Brandon. What attracted him to this was its huge cash holding. I see this as more of a lack of opportunity to deploy this large cash holding. The education business in China should have plenty of room to grow. Raffles Education has been making headway into this area. Knowing that they are a shareholder in Oriental Century is comforting. The last Net operating profit after tax stands at 30 million RMB. At 42.5cts, its mkt cap is 401 mil RMB. Its got a cash holding of nearly 163 mil RMB. Minus away this and add debt, you get an Enterprise Value of 238 mil RMB (it has near zero interest bearing debt) Read more...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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