Value Microcaps Motherboard

[stanu78]

Worthy and mandjb. AWRCF result.

Glad to see most of their metric grow stronger (sales and gross margin etc).
I've been in AWRCF for more than 2 years and I'm still puzzld why this stock hasn't gone up higher (besides lasck of reporting updates and tranparency) based on their book value and earning performance.

I was wondering maybe it's because foreign company bear emerging risk hence more discount? or maybe the 80M in PP&E is way overstated or not depreciated corretly?
the P/sales is low P/book is low P/earning is low.. everything is low including the stock price... it just doesn't make sense...
I'm very puzzled but I'm holding long. I haven't added any since I bought 2 years ago at below $2 (I haven't sell a single sahres though.) I think the recent rally from $3 to $4 plus is triggered by you (worthylion) accumulating AWRCF. before you came along the stock was dead at below $3 :) welcome aboard worthy...

Now about the result of the Q3.. earning is nil (1 cents per share) mainly due to the bad debt expense. good that they cknowledge it now. but I hope this will be used for future bad debts and not past bad debts. $2M is only 2% of their Q3 sales. Sales increase significantly (though part of it is because copper cost increase). The fiber optic JV in China will be interesting to watch. It's been a while since they said they want to start producing those fiber optics.

Hopefully our patience on AWRCF will finally get paid off.
I personally think it will take a while before AWRCF will see $10. and I think there will be a lot of people who will sell on tuesday based on the cent earning in Q3. but as worthy said .. that would be one of the rare opportunity to accumulate more.

Stan
PS: worthy.. btw the Thai and Aussie currency depreciates against the dollar (and not appreciate). when they appreciate against the dollar early last year they got gain from forex and now they got some loss.