Mr Market seems still holding on its price at around 70 cents.
At the current price, PE is about 14, PB is about 2.4, earning yield 7% and dividend yield 4%
Should be at fair price, but not at a discounted price with sufficient margin of safety IMO
Payment date of the $0.01/share Interim dividend - the 1st dividend payment for FY13 (ending 30Jun13) - has been fixed on 20Mar13.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument
Having reviewed the 2Q (ended 31Dec12) results (first released on 6Feb13)....
http://info.sgx.com/webcoranncatth.nsf/V...A0014654F/$file/VB_Q2.pdf?openelement
I have noticed that the group has spent more on marketing and distribution expenses in both 1Q and 2Q, which had dampened PBT and somewhat NP but would hopefully help to raise sales volume in the coming quarters, notwithstanding the higher selling prices implemented in certain markets in 1Q/2Q.
Halted after hitting 4 months high of 0.715. Why?
2 possibilities..
FRAUD or DELIST...
Someone made a cup of Cafe 21 this morning, and while stirring his cuppa in the cup, suddenly genie appeared!
(04-07-2013, 01:16 PM)brattzz Wrote: [ -> ]2 possibilities..
FRAUD or DELIST...
3rd possibility: New substantial investor
Rem Lam Soon Oil bought a stake not sol long back.
Maybe it is time....?
surprise, CBB acquired his father's stake after he sold down his own stake one year earlier.
what's going on?
I think there is still a chance that delisting wont happen if Lam Soon and minorities do not sell their stake. But this comes as a real surprise. No one could have guess this outcome.
The Viz Branz story is getting to be more and more interesting! I think when all the dusts finally settle, NUS and SMU business schools should assign and send their best graduate students to write a case study each - one from Ben Chng's perspective, and another from Senior Chng's perspective - on Viz Branz as a listed Asian Family enterprise story.