Stovec Industries Ltd - Manufacturer of Textile Printing

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While I have investment in the company, the sector appears to be good with revival in fortune of textile division. The company has open offer by parent in 2006. Find enclosed details about parent till 2006 which I find useful:

The main raw material for company is Nickle which has been declining. The demand for printing machinery is expected to show around 15-20% due to revival in textile capex. With limited capex due to sufficient capacity, I see company well placed for next couple of years. My only concern is acquisition of Sugar business (Galvanic in my understanding as shown in segement wise financial).

Disclosure: Hold shares of the company and my view might be biased.

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