About the only issue with this counter is liquidity. There is very little free float. Even after their recent rights and bonus issue last year. Any big buyer put a squeeze on it, price will fly. But fundamentals are so so good.
Thanks stockraider. Totally agree with you. This is a high growth and high dividend stock waiting to be discovered and explode. When their Philippines plant start to contribute in a big way very soon, earnings growth is going to be exponential. But it is so small cap and the sellers are so far and few in between. Cheers.
New PERSTIMA tinning line in the Philippines expected to be operational by Q4-2021 Jan 20, 2021 Tenova reports that it has been contracted for a 200,000 tonnes/year new high-speed electrolytic tinning line with insoluble anodes by Perusahaan Sadur Timah Malaysia (PERSTIMA) Berhad, premier producer and supplier of high quality tinplate in South East Asia. This cutting-edge technology will be implemented in PERSTIMA’s plant in Batangas (Philippines). The electrolytic line is expected to be put into operation by Q4-2021. The electrolytic combined tin-plating and tin-free steel line will work at 550 meters/minute at entry/exit and 420 at the process section, for annual production of 200,000 tons. The steel strip will be 550-1000 mm wide and 0.10-0.60 mm thick, and the line will process all the main grades of steel for a product mix which will satisfy the most recent demand of the high-quality market. A minimum tin coating thickness of 1.1 g/m2 is guaranteed. The line is equipped with a dedicated section (cells and recirculation equipment) for the production of tin free steel process as well. Tenova will provide the state-of-the art automation with an enhanced Web-Based Level 2 and Roll Management Software to automatically schedule roll activities in the processing line. “Tenova insoluble anodes technology will permit an easier handling of the process section with highest safety for the operators. Tenova developed an advanced system for the tin-dissolution reactors, achieving very low tin losses in the sludges. This represents a very positive aspect both for economic and environmental reasons”, affirmed Giuseppe Zanzi, Tenova Italimpianti & Strip Processing Sales Manager SEA & India. “This new project will allow our customer to address the request of higher quality tinplate and TFS in the region, confirming our position in high-standards tin-plating market, after previous important contracts in Spain and in China, among the others”, affirmed Stefano Marelli, Tenova Global Sales Manager South East Asia. Finally, a further improvement in the quality of the tin-plate has been achieved through the development of special edge-masks. These devices prevent the “white edge defects” due to tin overcoating at the edges while processing strips with different widths. In addition, Tenova edge-mask design guarantees easy inspection and access to the cell. Tenova Insoluble Anode Technology with IGBT Rectifiers globally permits a large operating saving in tin and electrical consumption, guaranteeing the top of quality.
Normal behavior of such small cap illiquid counter. No more excitement after div. Furthermore with poor recent quarterly result. Unless next qtr result is going to be good. Then some excitement with insiders slowly and quietly buying.
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lionel messi
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Posted by lionel messi > 2021-08-28 16:47 | Report Abuse
About the only issue with this counter is liquidity. There is very little free float. Even after their recent rights and bonus issue last year. Any big buyer put a squeeze on it, price will fly. But fundamentals are so so good.