INARI-I3

	B	D	E	F	G
1	Dear valued members,
2
3	You should be realistic about your goals.
4
5	"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten."
6	Peter Lynch
7
8	Disclaimer: Please be informed that the following mentioned stocks / symbols are solely for the purpose of education
9	only, It is neither a trading advice nor an invitation to trade. For trading advice, please speak to your dealer
10	representative or remisier or financial adviser. Please buy at your own risk. Final decision is yours
11
12	Inari-WA
13
14	My trading plan
15	I like the technical chart of this stock because there is a breakout at 1.03 on 25/11/2013.
16	Major resistance is 1.19.
17	Major support is 1.03 and 0.86
18	Target price = 1.89
19	Margin of safety = 40% (1.14)
20	Potential profit gain = 65% (1.14)
21	Cut loss at 0.86 = 24%
22	Risk reward ratio at 1.67 cut loss = 1 : 2.8
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24	Feng Shui element = Metal
25
26	Buy Inari-WA at 1.13 (5/12/2013).
27
28	INARI IV Calculation
29				Fundamental Rating
30	Total Net Profit Years	3/3		91.67%
31				91.67%
32	Total Positive Operating Cash flow Years	3/3
33				Current Price
34	Total Dividend Payout Years	3/3		1.54
35
36	Total Positive free Cash flow Year	2/3
37		11/12
38			Growth %
39	3 Years Average Turn Over	180,513	109.31%
40	Current 4 Quarters	377,833
41
42	3 Years Average Net Profit	26,887	106.49%
43	Current 4 Quarters	55,520
44
45		2012	2013	2014 (Q1)	Growth
46	EPS (Cent)	6.06	11.19	14.73	31.64%
47	PE Ratio	25.41	13.76	10.45	24.03%
48	NTA	0.25	0.35	0.39	11.43%
49	Net Profit	19,887	42,014	55,520	32.15%
50	Equity	83,284	157,938	176,810	11.95%
51	ROE	23.879	26.602	31.40	18.04%
52	Dividend	2.8	4.5	1.5
53	Free cash flow	30,203	-59,084
54
55	Price CAGR % (Buy and Hold)
56	Average Return History	82.27%
57	3 yrs Return	0.00%
58
59	Method 1
60	EPS	0.15
61	g, %	10.00
62	Y	7.00
63	IV= (EPS(8.5+1.5g)4.4)/Y	2.18
64	Current price	1.54
65	Margin of Safety	29.22%
66	Potential gain	41.29%
67
68	Method 2
69	Discounted Cash Flows Calculator
70	Discount rate	12.00%
71	EPS	0.15
72	Earning expected to grow (annually)	10.00
73	for the next (? Years)	3.0
74	before leveling off to an annual growth	3.00
75	Calculate Stock Value per share	2.06
76	Current price	1.54
77	Margin of Safety	25.24%
78	Potential gain	33.77%
79
80	Warrant
81
82					Margin
83	Inari-WA		Target Price	Gain %	of safety
84	Expiration date	4/6/2018
85	Exercise price	0.38	0.38
86	Price of Mother share	1.54	2.06
87	Intrinsic value of WA	1.16	1.68
88	Actual price of WA	1.14	1.89	65.44%	39.55%
89	Premium or Discount	-1.30	10.00%
90	Gearing	1.35	1.4