Not too long ago, I've written a post regarding buying into a position in Nam Lee Metals which you can view here. The investment thesis remains largely the same but thought that I will update the tables for those who are interested since they have announced their half yearly results this evening.

B's customized financial overview (2007 - 2015*)

Q2 Result remains largely within the expectations that the business seems to be trending back up after a difficult last 2 years which the management concede. In its outlook, the management also reiterated that business and demand for aluminium will pick up so we will probably see stronger performance from here. There's a few things to highlight from the Q2 results. Free cash flow has gone into negative territory because of negative working capital and requirement for capex which they have used to purchase a warehouse which was highlighted earlier. Cash ......