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Microcap & Penny Stocks : Asia Fiber (AFBR)

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To: Plato who started this subject7/9/2001 8:43:58 AM
From: Plato   of 6
Discussion of Shareholders' Value and Investors' Awareness...

What's a fair PE Ratio for AFH?

Market Guide, on July 2, 2001, provided a Ratio Comparison Table, showing that AFBR's PE was approximately 1/3 that of the Industry, the Sector and the S&P 500. This Table suggests that, to match the industry standard PE, AFBR's closing price on that date would need to approximately treble, based on trailing Earnings.
Valuation Ratios Company Industry Sector S&P 500
P/E Ratio (TTM) 10.23 38.01 27.69 27.70
P/E High - Last 5 Yrs. NA 49.82 35.91 49.74
P/E Low - Last 5 Yrs. NA 9.42 11.27 16.78

It seems obvious that, although one reputed Mutual Fund - GMO Currency Hedged International Core Fund:
- has seen Value in owning 19% of AFBR shares outstanding, most investors are not aware of the Company. To remedy this situation, the Company is now intent on exploring a number of options.

- AMEX Listing

AFBR currently meets and exceeds all the requirements to list on AMEX, except for its share price, which should be a minimum of $3.00. An AMEX listing could potentially lead to Analysts coverage and more Institutional interest.

- European Listing

With the proximity of China's entrance into the WTO, a listing on the Berlin and/or Frankfurt Exchanges could be a logical move to expose the Company to new Investors with a keen interest in China.

- Appointment of IR and PR Firms

A long term relationship with reputed IR and PR Firms in the US and Europe, to provide information and support to investors will also be taken into consideration.
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