Auric Pacific

Aufic Pacific - 9th Feb 2017 - Another company going under the hammer for privatization. Cash offer of $1.65 per share.

Auric Pacific - 3rd Feb 2017

Auric Pacific currently trading at $1.455 is closed to the historical peak price of $1.49 in 6th Aug 2013. I think the current price has run up too much and too fast.
Likely to see a pull back from here.

Looking at the first 9th Month quarter result, eps of 5.98 cents is a big jump from last year first 9th month eps of negative (19.62) cents. The Ops cash flow has also booked quite a Big jump from the previous year of 13.32m versus 40.30m.

Nav of about $1.34.

Lets assume the whole year eps of 9.5 cents ( 5.98 + 3.52 cents), PE is about 15.31 times base on current price of $1.455.

Short term wise, I think it may likely retrace and go down to test $1.38 then $1.30.
Breaking down of $1.30 may see it goes further south towards $1.20.
( trade base on your own decision)