nice scenario LJ.
re;
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
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