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“Falling Knife” Of The Week: ISR Capital

ISR capital  ISR Capital Limited (SGX: 5EC) takes the spotlight for the week ending 16 August’s “Falling Knife”. It fell 12.2%, and on 16 August 2013 itself, it fell 18.2%.

ISR is in the business of undertaking direct and indirect investments in companies and projects, both listed and unlisted, in the resource space and in very select assets with high growth prospect in the non-resource space. The company also operates a fund management business under Infiniti Asset Management Pte. Ltd.

It released its first-half of 2013 (1H 2013) results on 14th August 2013, with a 204% increase in revenues for 1H 2013 as compared to 1H2012. The day after the results were released, the company’s share price shot up 10%. Revenue increased due to “an increase in interest income from financial assets as well as an increase in fund management fees, which were in line with the increase in fund management activities during the period.” The profit from continuing operations was up 532.8% to $3.2 million.

The company has $0.12 million as debt in its balance sheet as of 30 June 2013. Retained earnings was at $35.1 million. The net cash generated from operations was at $0.59 million for 1H 2013 while that in 1H 2012 was at $0.57 million. The ending cash balance was at $1.2 million.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.