Fibrechem

Investment merits:
1. Strong cashflow
2. potential for increase in dividend yield
3. niche player
4. strong growth, average of at least 15% over next 2 years
5. garment market in China growing rapidly

Risks
1. Raw material priced - fluctuate with oil prices
- may be able to pass on higher cost to customer
2. Foreign competition?

Purchases made - see Trading Scapebook