I was looking around for counters, a recovery play in particular. I used my usual screening tool.
http://sillyinvestor.wordpress.com/2013/10/10/2-things-that-shaped-my-screening-of-companies-cdw-as-a-example/
I keyed in criterias: Companies that showed lower earnings, but gave some dividends. I will then see if I would like to read up more.
GP industries stand out
It has a yield of more than 6%. Earnings is poor due to exception write down. But what really caught my interest is the structure of the business. GP industries is 81% owned by gold peak industries, a company listed in HK. GP industries in turn own a 49% stake of GP batteries. There is constant shares buyback. Just 5%, and the minimum public flow will be less than 15%. Isn’t it very obvious that a GO is on the cards? Especially since the parent company Gold Peak Industries has GP industries as the sole company, why not save on the ......