An excellent set of results. Cash continues pouring in. Net cash is now RM 56m. EBITDA RM15.4m. After, interest, tax and capex, the net cash inflow is still at a very high RM7m to RM8m.

Dividends last year only 0.5 sen or around RM6m. Management should at the very least double it to 1 sen or RM 13m. Even for the controlling shareholders, a high dividend payout makes more sense, tax-wise since most of the tax free dividends will go back to them which is better than the taxable RM4m that they paid themselves.

Higher dividends = higher yield = higher share price = happy shareholders.

Tonight's Q3 results are excellent. The RM5.8m net profit figure do not tell the whole story

On top of this RM5.8m, they also made RM31m under " Items that may be reclassified under P&L A/c ". This RM31m are most likely forex gains.

That is why the report shows a " Total Comprehensive Income to Owner of the Parent " of RM 33.5m. The rest ( RM 3.3m ) belongs to others.

1. The company now has net cash of RM33m

2. In Q3, the EBITDA or free cash flow increased by a massive RM20m.

3. Year-to-date, the free cash flow is RM51m ( for just 9 months ) - which is way above the RM50 to RM60m for the full year mentioned in the recent CIMB report.

4. The net asset value has increased from 9 sen a share as at 31 December 2014 to 14 sen as at 30 September 2015..

5. For the 1st 9 months to 30 Sept 2015, the Total Comprehensive Income is RM 56m which is why the net asset value per share has shot up so much.

So the RM16.6m reported for the 1st 9 months are not an accurate picture of how the company has performed.

Last year, the dividends paid out was around RM500,000, a pale comparison to the almost RM4m in directors remuneration plus millions of stock options.

This year, not a single sen of dividend has been declared.