China Metro-Rural Holdings Ltd fka CNR

[littlejohn]

6 months EPS about .40/share if you use the $20,166,000 Hong Kong dollar profit...Looks like it breaks down to about $2,593,300 US with about 6,383,000 shares for about .29/share profit...

Take out minority interest and the 6 month profit dropped to about .29/ share...Using $14,599,000 Hong Kong profit...Then it is around $1,877,400 US with about 6,383,000 shares for about .29/share profit...

Cash on 09-30-09 showed about $575,969,000 Hong Kong or about $74,069 US and divided by about 6,383,000 shares...

$11.60 per share in cash sound about right?...

Almost $23 per share of book value?...

Why do anything different until the share price gets to about 2 times book value?...LJ