hi LanSeeBoy,

Care to share more? whose cancelling?

gearing will come down since it is "classified" as equity in the balance sheet. It will definitely be used to finance the kendari acquisition. Excess cash will be used to refinance 2 bonds expiring in July (5.875%) and Nov (4.48%) 2017. Therefore, gearing ratio will come down but all in cost of debt may increase.

https://heartlandboy.com/isoteam-limited-initiation-report/

https://heartlandboy.com/lippo-mall-indonesia-retail-trust-initiation-report/

Micro-mechanics released a good set of results yesterday. Profit increased 23% yoy. An initiation report from me is here. unfortunately not many analysts cover this stock.

https://heartlandboy.com/micro-mechanics-limited/

[vested]

Duty Free looks interesting but I am waiting for the price to drop to allow for more margin of safety. It is definitely in my shopping list.

https://heartlandboy.com/investment-strategy-us-election-2016/

3Q Results are Out

CNMC Reports 47% Rise in Net Profit for First 9 Months of 2016;
Marginal Profit Drop in 3Q2016 with Lower Revenue and Higher
Costs Arising from Stop-Work Order

I have written an initiation report on his undervalued stock.

http://heartlandboy.com/dutech-holdings-limited-initiation-report/

Hope it is useful for the community!

this blogger's TP is 93 cents!! can follow?

http://heartlandboy.com/cnmc-goldmine-holdings-limited-initiation-report/