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Re: PennyWorld post# 2190

Saturday, 02/12/2005 4:50:43 AM

Saturday, February 12, 2005 4:50:43 AM

Post# of 36805
Hi Pennyworld,

I understand your opinion about Cetek Technologies Ltd. and I think that the most important development is growth. Hilal is clearly focussed on growth and I appreciate that. He doesn't seem to be worried about the pps, because eventually the pps must go up substantially.

You said: "Go figure. Not business savvy IMO. UNLESS - he has a very good excuse for not PRing the world on this grand growth successes over the past 2 years. Think about it... that extra 200M in cash would have paid for building new furnaces. So he wouldn't have even had to worry about losing leverage during negotiations with an acquisition targets. He wouldn't need to acquire, thus no negotiations."

It's not just a matter of production-volume IMHO. I think that Cetek is also searching for added values from external expansion. Fayiz said: "as well as external, via acquisition of manufacturing companies with similar synergies." in the last PR. I like the idea. Cetek is already growing, but of course adding new technologies or combining knowledge can give the new CTKH an impuls.

As long as Cetek can show us strong growth, it's possible that CTKH can get away with a R/S, "while striving to build shareholder value."

Looking forward to the next PR.

Good luck,
Ceteksevenmillion


Cetek Technologies, Excellence in ceramics.