This company can be considered a Graham net-net? But it is but very illiquid and almost obscured.
Taking (current assets - total liabilities - 50% discount on inventories) and dividing it by the number of shares, I get $0.125.
After applying the 2/3 MOS rule, the resulting value is $0.08347.
Current market price is at $0.085.
(23-10-2013, 11:11 PM)TheMillennium Wrote: [ -> ]This company can be considered a Graham net-net? But it is but very illiquid and almost obscured.
Taking (current assets - total liabilities - 50% discount on inventories) and dividing it by the number of shares, I get $0.125.
After applying the 2/3 MOS rule, the resulting value is $0.08347.
Current market price is at $0.085.
IMO it is more for dividend play rather than on share price growth. In the next 5 years time, I expect current ratio to grow further and with higher liquidity in the market, hence we could reduce the MOS to 1/5, it could be a 15-20c company.
Some sellers today. allow me to be vested.
Sent from my GT-I9505 using Tapatalk
Can someone educate me what does this means:
Circumstance giving rise to the interest or change in interest:-"Due to transfer to nominee of shares pledged to financial institution in return for facilities granted."
http://infopub.sgx.com/FileOpen/_TanKong...eID=273712
investright Wrote:Can someone educate me what does this means: Circumstance giving rise to the interest or change in interest:-"Due to transfer to nominee of shares pledged to financial institution in return for facilities granted." http://infopub.sgx.com/FileOpen/_TanKong...eID=273712
Means the person holding the shares pledge to the bank or some financial institution to get a loan.
But note: if the share price drops below a certain value, the bank will call for topup or sell the shares pledged.
(09-04-2014, 08:03 PM)orangetea Wrote: [ -> ]investright Wrote:Can someone educate me what does this means: Circumstance giving rise to the interest or change in interest:-"Due to transfer to nominee of shares pledged to financial institution in return for facilities granted." http://infopub.sgx.com/FileOpen/_TanKong...eID=273712
Means the person holding the shares pledge to the bank or some financial institution to get a loan.
But note: if the share price drops below a certain value, the bank will call for topup or sell the shares pledged.
Hi Orangetea, thanks very much for the reply. Appreciate that a lot. So it is not a signal that the shareholder has no confidence with the company's stock.
Half year result out. Interim dividend of 0.5c in May ~ 5% yield.
No debt, cash of $18.5M ~ 5.5c/share, so potentially another 0.5c for final dividend (total of 10% yield)?
P/B under 0.5 - undervalued & illiquid micro cap.
(30-04-2014, 11:56 AM)psslo Wrote: [ -> ]Half year result out. Interim dividend of 0.5c in May ~ 5% yield.
No debt, cash of $18.5M ~ 5.5c/share, so potentially another 0.5c for final dividend (total of 10% yield)?
P/B under 0.5 - undervalued & illiquid micro cap.
Bought in at 88 cents, not much action until recent announcement of div.
who wanna join in?
(01-05-2014, 01:16 PM)BlueKelah Wrote: [ -> ] (30-04-2014, 11:56 AM)psslo Wrote: [ -> ]Half year result out. Interim dividend of 0.5c in May ~ 5% yield.
No debt, cash of $18.5M ~ 5.5c/share, so potentially another 0.5c for final dividend (total of 10% yield)?
P/B under 0.5 - undervalued & illiquid micro cap.
Bought in at 8.8 cents, not much action until recent announcement of div. who wanna join in?
I vested at 8.6 cents and I always wanted to accumulate more. Anyone knows why they suddenly give dividends?
(Edited the price)