Dyna-Mac

Dyna-Mac: To acquire 70% of Paliy Marine Fabricator for $3.8m. Paliy Marine operates a fabrication yard measuring approx 100k sqm in China with a seafront for use. NTA per share is expected to fall from 12.36c to 12.18c although EPS will increase from 0.60c to 0.68c. Co trades at 12.2x P/E currently