CHF - Charter Pacific

[Cris]

Just released an interesting report.

[Cris]

Revenue
2003 - $00.5M
2004 - $38.5M

Pre-Tax Profit
2004 - $31.6M

After Tax Profit
2003 - ($3.4M)
2004 - $23.4M - UP 772%

Net Tangible Asset
2003 - $0.19
2004 - $0.52

EPS
2003 - ($0.05)
2004 - $0.34

Regards,
Cris

[Knobby22]

How much is due to the selling of Metalstorm shares? I am sure it is not as good as it sounds. They are planning to give cash back to the shareholders as a capital return which suggests to me they may be struggling for ideas.

I do own these and will be studying their annual report very closely.

[Knobby22]

It is all from selling Metalstorm shares.
They appear to have a paint business that looks good. The rest is speculative especially the drugs business in which two drugs are in phase two trials. Before buying anymore I would be awaiting the results of the trials.

Their annual report was pretty lousy, especially compared to last year. Very little was said about how each of the businesses were travelling.

[Cris]

Thanks Knobby22. Saved me some reading time.

[anthracite]

its quite a different company now, some new directors , a iron ore project next to asx listed sphere minerals with xstrata been the major share holder in takeover that did not get 90% acceptance in mauritania

major shareholder of monteray mining ( mry) and farmworks (fwa)


Company -Charter Pacific Corporation
ASX Code -CHF
Share Price -$0.055
Market Capitalisation -$4.9 million

52 Week High/Low - $0.155/$0.037
Country -
Mauritania

Project Interest -
In process of acquiring up to 100% interest

Target Resource -
Magnetite

[Knobby22]

Still got the same guy runing the show and he has a pretty poor track record.
Maybe they will get lucky with this latest direction. Will be interested but there are so many easy buys at the moment paying healthy dividends.