(29-03-2014, 09:25 AM)WolfT Wrote: [ -> ] (29-03-2014, 08:56 AM)CY09 Wrote: [ -> ]OCBC research did not factor in that CSE will save about 3-3.5M in interest expenses since it has cleared most of its debt. Secondly, in my view, CSE should be pegged a 10x PE as it has a strong presence and reputation in its remaining industries. However, its profits growth will be slow. Should be considered similar to a stalwart company but at a slightly lower P/E since it is small, thus a 10x PE is ascribed.
Anyone know why is CAM selling?
3cts really look attractive
Will avg down if it drop somemore.
(just vested at 0.585)
better wait for ex-dividend before adding further.
(30-03-2014, 02:14 PM)kayhian Wrote: [ -> ] (29-03-2014, 09:25 AM)WolfT Wrote: [ -> ] (29-03-2014, 08:56 AM)CY09 Wrote: [ -> ]OCBC research did not factor in that CSE will save about 3-3.5M in interest expenses since it has cleared most of its debt. Secondly, in my view, CSE should be pegged a 10x PE as it has a strong presence and reputation in its remaining industries. However, its profits growth will be slow. Should be considered similar to a stalwart company but at a slightly lower P/E since it is small, thus a 10x PE is ascribed.
Anyone know why is CAM selling?
3cts really look attractive
Will avg down if it drop somemore.
(just vested at 0.585)
better wait for ex-dividend before adding further.
ya., usually before XD, the price will adjust up due to the dividend, then XD, the price will fall more than the dividend .. Buy after XD is advisable
What happened?
Chiong so much after xd.
(sold all at 0.625)
Yeah - great news for those who of us who had to endure the plunge in share price! I still believe this company is a real money spinner; the NAV may have dropped after the sale but the cash generating capacity looks intact. Looking forward to the story with new management post Servelec sale.
Guess my habit of picking falling knives never change..
Hope this is good company to hold for long term
Just added some today @ 0.550..
(28-05-2014, 01:09 PM)Zelphon Wrote: [ -> ]Guess my habit of picking falling knives never change..
Hope this is good company to hold for long term
Just added some today @ 0.550..
looks oversold at current level
I just downloaded and read a very old book by Peter Lynch called "Beating the Street"; it's not as good as his other book "One up on Wall Street" which I really love. Anyway, in this book, he says that the most important ingredient to do well in stock investing is not intelligence, although you need some of that; he says the most important ingredient is guts. Just like you, I too have grabbed on to quite a few falling knives (some of them are still falling!) in the last 8 months since I started investing full time. One happy story is HPH Trust, which appeared as an article on ShareInvestor.com as a falling knife when the price hit a low of 79 cents. Today, it is sitting on 93 cents! It did take quite a bit of cold sweat to hang on when the going got tough, but we have to trust our analysis of the business. My own humble opinion is that the sale of Servelec (28 cents special div was given back to us) had reduce the FCF generating ability of CSE Global for the short term, but the company's ability to do projects well and earn money from new business is still intact. If your analysis is same as mine (not insisting that others must agree with me), then it's over to what Peter Lynch says - guts! Happy investing.
I have been following both the CSE and Servelec website news since divestment. An interesting point is that Servelec post news about business achievements, order successes etc. whereas CSE post only details of financial movements, shares bought and sold, changes in officers etc. Is CSE a financial concern run by accountants only without any concern for what drives the business? To succeed a business must have passion for what it does. Just saying
(26-06-2014, 03:35 PM)Mybuddie Wrote: [ -> ]I have been following both the CSE and Servelec website news since divestment. An interesting point is that Servelec post news about business achievements, order successes etc. whereas CSE post only details of financial movements, shares bought and sold, changes in officers etc. Is CSE a financial concern run by accountants only without any concern for what drives the business? To succeed a business must have passion for what it does. Just saying
It doesn't reflect anything on management; just more so that their PR or IR team is working hard in promoting transparency.
(26-06-2014, 03:40 PM)dzwm87 Wrote: [ -> ] (26-06-2014, 03:35 PM)Mybuddie Wrote: [ -> ]I have been following both the CSE and Servelec website news since divestment. An interesting point is that Servelec post news about business achievements, order successes etc. whereas CSE post only details of financial movements, shares bought and sold, changes in officers etc. Is CSE a financial concern run by accountants only without any concern for what drives the business? To succeed a business must have passion for what it does. Just saying
It doesn't reflect anything on management; just more so that their PR or IR team is working hard in promoting transparency.
So where is the transparency on how the business is winning contracts like Servelec?