This is a HK based company currently at 35p to buy
they are a leading international provider of
biometrics and RFID (Radio Frequency Identification) products and solutions
across a wide range of security applications.
With countries moving into biometric passports etc this market is in growing demand.
the company reported a 107% increase in profits last year,
Sales - 45.02 mln hkd vs 32.84 mln
Pretax profit - 32.22 mln hkd vs 17.91 mln
EPS - 0.33 hkd vs 0.16
Final div - 0.09 hkd
This is probably the only AIM listed company paying a dividend
They have just entered europe and china.
target price for this share is 1.50 within 12 months, short term target 45p
totally agree all this expanding is sure to be a good thing, watch out for uk/europe deals soon!? rcg has already made its fully year pre tax profits at interiums (look at debitors next 90 days). not sure about african deal though in terms of costs
on guys, took 6 months longer but please to see the share hit my target of 1.50 - hope atleast someone benefitted from this post and good luck with the future - the co still is a buy - they have a new technology along the way, China 2008 if they secure a decent contract will be added boost
Rcg website update in the news section, nice video interview with chu about results weeks ago he seem like a good charactor. Share price has had a rough time of late moving to calmer watesr by the looks of it, my target of 250p by end 07!