| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | ||
|---|---|---|---|---|---|---|---|---|
| UK:RCG | Technology Hardware and Equipment | 74.16% |
|
16 | 06-Oct-08 | Currently Holding |
16-Jul-08
75% CAGR growth at a p/e of 3
Holding Rationale for UK:RCG.
RCG is the world's most profitable and fastest growing pure biometric and RFID player. The leader in Asia, making huge strides in China and dominating in South East Asia and the Middle East, RCG has racked up a CAGR of 75% annual sales and earnings growth over the last 4 years.
The valuation remains pitiful due to a large shareholding in dispute in the contested will of Nina Wang, a very colourful HK figure who died suddenly last year. She owned 27% of the company and left it in her will to one of the Chan brothers who's other brother owns another 23% of RCG.
Pick up the growth, profitability of a potential titan at a price of only 3X this year's likely earnings.
The company reports interim results in early September and has released a trading statement indicating they will be ahead of expectations.
Tagged Stocks: UK:RCG
Posted at 03:05 in Holding Rationales | Permalink | Comments () | Top
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