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IPD Year End Results
IPD.V Year End Results(Ending July 31 2015)
My Notes:
- Very strong year for earnings and growth
- Good chance of a dividend being reinstated. Between 2012-2013 it was $0.01ceps for the year.
- Q1 2016 results will be out in December, only a few weeks from now
Symbol: IPD
Price: $0.065
Common Shares: 15,617,670
Insider Holdings: 10,141,992(65% as per SEDI)
Subsidiary website:
Company website: (currently be updated)
ASSETS
Cash: $185,100
Accounts Receivable: $273,704
Inventory: $207,648
Prepaid Expenses: $38,373
Investments: $261,063
Equipment: $644,766
License Rights: $166,150
Total Assets: $1,726,804 (July 31 2014 was $1,537,338)
LIABILITIES
Accounts Payable: $259,313(July 31 2014 was $391,039)
Sales Revenue: $4,214,046
Gross Profit: $1,809,704
Expenses: $1,496,254
Net Income: $321,192
Earnings per share: $321,192 / 15,617,670 = $0.02056 or $0.021c EPS.
An established profitable junior should be trading at minimum 10 times earnings per share. Adding a dividend would increase the value substantially.
MD&A Highlights
Description of business
The Company, through its wholly owned subsidiaries, Parkside Optical Inc. (
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