03-07-2015, 05:25 PM
(03-07-2015, 04:44 PM)valuebuddies Wrote: [ -> ]What happen to BRC? Ever since I vested the price drop like no tomorrow
Ex-div and poor 2H results are likely reasons for price tank.
(03-07-2015, 04:44 PM)valuebuddies Wrote: [ -> ]What happen to BRC? Ever since I vested the price drop like no tomorrow
(19-04-2016, 11:48 AM)Shrivathsa Wrote: [ -> ]This should be interesting, as likely to report a Q2 2016 loss.
The Board of Directors (the “Board”) of BRC Asia Limited (the “Company”, together with its subsidiaries, the “Group”) deems it appropriate to issue this profit guidance as the Group is expected to report a net loss for the quarter ended 31 March 2016 (“2Q16”).
The loss is attributable to foreign exchange losses on currency forward contracts entered into by the Group to hedge purchase commitments for raw materials which are mainly denominated in US dollars. As the Group does not adopt hedge accounting,
changes to the fair values of foreign currency forward contracts are recognised in profit or loss.
This profit guidance is based on the preliminary review of the unaudited 2Q16 financial results for the Group. Further details of the Group’s financial results will be disclosed when the Group announces its unaudited financial results for 2Q16. In the meantime, shareholders and investors are advised to exercise caution when dealing in the shares of the Company.
Last share buy back was on 7th March of 31,500 shares at 0.625-0.635 share price.
(26-07-2016, 02:19 PM)chew Wrote: [ -> ]Hi Shrivathsa
Wonder if you have taken a look at HG metal? It has a 22.43% stake in BRC Asia worth 21 mio based on current BRC Asia share px of 50.5 c. Cash & equivalent of 58.7 mio, receivables of 20 mio, against total liabilities of 20 mio. HG metal current market cap is 33.8 mio (based on current share px of 26.5 c). I think this is a fairly comfortable margin of safety, and would like to hear your thoughts.
Share buy back executed for 33,500 shares at 0.55 per share on May 27.
Quite a small buy back considering that NAV is much higher.
Will be interesting to see if there is any more buy back
(25-11-2016, 10:13 AM)Shrivathsa Wrote: [ -> ](26-07-2016, 02:19 PM)chew Wrote: [ -> ]Hi Shrivathsa
Wonder if you have taken a look at HG metal? It has a 22.43% stake in BRC Asia worth 21 mio based on current BRC Asia share px of 50.5 c. Cash & equivalent of 58.7 mio, receivables of 20 mio, against total liabilities of 20 mio. HG metal current market cap is 33.8 mio (based on current share px of 26.5 c). I think this is a fairly comfortable margin of safety, and would like to hear your thoughts.
Share buy back executed for 33,500 shares at 0.55 per share on May 27.
Quite a small buy back considering that NAV is much higher.
Will be interesting to see if there is any more buy back
Hi Mr.Chew,
My apologies on the delay in getting back.
I took a very brief look at HG Metal.
There were a few red flags i noticed about HG Metal.
Simply put, there seems to be a lot of repeated fund raising from share holders.
They do have a cash hoard.
However, that does not seem to be generating very much.
I look for companies which are seemingly reasonably shareholder friendly.
HG Metal comes across as a repeated capital raising company for purposes which are not fathomable.
I find that any company which seems too hard to understand is better to pass over.
Therefore, HG Metal went into my too hard to understand pile.
Regards
V
(26-11-2016, 08:21 AM)chew Wrote: [ -> ](25-11-2016, 10:13 AM)Shrivathsa Wrote: [ -> ](26-07-2016, 02:19 PM)chew Wrote: [ -> ]Hi Shrivathsa
Wonder if you have taken a look at HG metal? It has a 22.43% stake in BRC Asia worth 21 mio based on current BRC Asia share px of 50.5 c. Cash & equivalent of 58.7 mio, receivables of 20 mio, against total liabilities of 20 mio. HG metal current market cap is 33.8 mio (based on current share px of 26.5 c). I think this is a fairly comfortable margin of safety, and would like to hear your thoughts.
Share buy back executed for 33,500 shares at 0.55 per share on May 27.
Quite a small buy back considering that NAV is much higher.
Will be interesting to see if there is any more buy back
Hi Mr.Chew,
My apologies on the delay in getting back.
I took a very brief look at HG Metal.
There were a few red flags i noticed about HG Metal.
Simply put, there seems to be a lot of repeated fund raising from share holders.
They do have a cash hoard.
However, that does not seem to be generating very much.
I look for companies which are seemingly reasonably shareholder friendly.
HG Metal comes across as a repeated capital raising company for purposes which are not fathomable.
I find that any company which seems too hard to understand is better to pass over.
Therefore, HG Metal went into my too hard to understand pile.
Regards
V
Thanks for sharing Shrivastha
They've had a chequered history..... on parole now subject to good behaviour.
A larger discount is required until they have fully reformed
(04-07-2016, 01:50 PM)Shrivathsa Wrote: [ -> ](19-04-2016, 11:48 AM)Shrivathsa Wrote: [ -> ]This should be interesting, as likely to report a Q2 2016 loss.
The Board of Directors (the “Board”) of BRC Asia Limited (the “Company”, together with its subsidiaries, the “Group”) deems it appropriate to issue this profit guidance as the Group is expected to report a net loss for the quarter ended 31 March 2016 (“2Q16”).
The loss is attributable to foreign exchange losses on currency forward contracts entered into by the Group to hedge purchase commitments for raw materials which are mainly denominated in US dollars. As the Group does not adopt hedge accounting,
changes to the fair values of foreign currency forward contracts are recognised in profit or loss.
This profit guidance is based on the preliminary review of the unaudited 2Q16 financial results for the Group. Further details of the Group’s financial results will be disclosed when the Group announces its unaudited financial results for 2Q16. In the meantime, shareholders and investors are advised to exercise caution when dealing in the shares of the Company.
Last share buy back was on 7th March of 31,500 shares at 0.625-0.635 share price.
Share buy back executed for 33,500 shares at 0.55 per share on May 27.
Quite a small buy back considering that NAV is much higher.
Will be interesting to see if there is any more buy back