Are you all related to Spindex? It seems like singing and praising for their own company.
Personal experience, I would not buy such a low volume stock. Why buying such a stock at this price and not buying another competitor company with much lower price?
(29-03-2016, 05:06 AM)reality Wrote: [ -> ]Are you all related to Spindex? It seems like singing and praising for their own company.
Personal experience, I would not buy such a low volume stock. Why buying such a stock at this price and not buying another competitor company with much lower price?
This is one of the counter I have been checking out recently
Seem like quite a few things looking up for them.
Anyway correct me if I'm wrong but their nearest competitor in term of products related should be Innovalues and compare to Spindex aren't exactly cheap base on book value.
Seem to me Spindex offer more value and Innovalues more growth value as dividend wise are around 4% between them.
Again base on personal choice and own due diligence.
(29-03-2016, 05:06 AM)reality Wrote: [ -> ]Are you all related to Spindex? It seems like singing and praising for their own company.
Personal experience, I would not buy such a low volume stock. Why buying such a stock at this price and not buying another competitor company with much lower price?
Probably so.
I hope u are not just referring to the price or the volume for the reason to switch but by more meaningful terms like track record, valuations, outlook, management quality etc
But pls enlighten us, which counter is better and by which terms? I am keen to know.
(29-03-2016, 05:06 AM)reality Wrote: [ -> ]Are you all related to Spindex? It seems like singing and praising for their own company.
Personal experience, I would not buy such a low volume stock. Why buying such a stock at this price and not buying another competitor company with much lower price?
Pardon their excitement. It should be the total opposite of my feelig.
please tell me current spindex price is due to stock consolidation.
Spindex was ranked 3rd in my to-buy list but I didn't buy. I got CASA, TTJ, popular and Guthrie. CASA is a dud, TTJ is ok, P29 and G33 were privatised.
MAkes me look at that analysis theme again. I missed Riverstone at 48 cents and Dutech too
. But escaped from buying Ausgroup. THe ranking was created by assigning merit figures based on EPS CAGR, Median ROA, Median Dividend, FCF median,Rev NTA per share CAGR, and equity reserve CAGR.
Although list has ausgroup and CASA (CASA was ranked no.1) I would have got 30% in 18 months if I did equal weightage. Provided no split/reverse split, and excluding div.
Really must relook at that approach!
Digging undervalued stocks often means getting unpopular stocks. The ease of getting divorce should not be a factor in considering marriage. Contrarians who bought when no many were buying, secretly hope their theory would recognized one day. When that day comes, not just money, but re-cog-nized.
Personal experience.
Like! Raks, you had very very interesting taste on unpopular stocks.
The fact remains that Spindex's well-established precision-machined components and assemblies business and profits have grown by quite a lot since FY14 (ended 30Jun14).....
http://www.spindex.com.sg [corporate website]
http://infopub.sgx.com/FileOpen/SpindexI...eID=312414 [FY14 result announcement]
In FY14, Spindex recoded Revenue of $98.2m, PBT of $11.0m, and NP of $9.3m.
Using Spindex's latest 1H (ended 31Dec15) result as a basis for projection.....
http://infopub.sgx.com/FileOpen/SpindexI...eID=388214
By simple extrapolation, in this FY16 (ending 30Jun16), Spindex is poised to record a Revenue of $122.5m, a PBT of $18.2m, and a NP of $15.0m - translating to an EPS of $0.13 - together with a projected 30Jun16 NAV/share hitting a new high $0.817. These key numbers, if realised, would be another solid improvement over the healthy FY15 result and numbers.....
http://infopub.sgx.com/FileOpen/SpindexI...eID=367214
It is reasonable to expect that under the current proven management team headed by Chairman Tan Choo Pie and his able son, MD Tan Heok Ting, Spindex's business volume and scale will continue to grow, and hopefully profits will follow the same. Therefore, it is also reasonable to expect that the fair intrinsic value of Spindex's entire business and unit share, to continue to grow and be pegged at a reasonable premium over its latest NAV and NAV/share.
I hope that Spindex will pay out another higher final dividend (last FY15: $0.028/share) when the full-year result is released in Aug16.
(31-03-2016, 10:27 PM)dydx Wrote: [ -> ]The fact remains that Spindex's well-established precision-machined components and assemblies business and profits have grown by quite a lot since FY14 (ended 30Jun14).....
http://www.spindex.com.sg [corporate website]
http://infopub.sgx.com/FileOpen/SpindexI...eID=312414 [FY14 result announcement]
In FY14, Spindex recoded Revenue of $98.2m, PBT of $11.0m, and NP of $9.3m.
Using Spindex's latest 1H (ended 31Dec15) result as a basis for projection.....
http://infopub.sgx.com/FileOpen/SpindexI...eID=388214
By simple extrapolation, in this FY16 (ending 30Jun16), Spindex is poised to record a Revenue of $122.5m, a PBT of $18.2m, and a NP of $15.0m - translating to an EPS of $0.13 - together with a projected 30Jun16 NAV/share hitting a new high $0.817. These key numbers, if realised, would be another solid improvement over the healthy FY15 result and numbers.....
http://infopub.sgx.com/FileOpen/SpindexI...eID=367214
It is reasonable to expect that under the current proven management team headed by Chairman Tan Choo Pie and his able son, MD Tan Heok Ting, Spindex's business volume and scale will continue to grow, and hopefully profits will follow the same. Therefore, it is also reasonable to expect that the fair intrinsic value of Spindex's entire business and unit share, to continue to grow and be pegged at a reasonable premium over its latest NAV and NAV/share.
I hope that Spindex will pay out another higher final dividend (last FY15: $0.028/share) when the full-year result is released in Aug16.
Thank you for replying, DYDX. Wow if really there is another 6-7 or more cents of mileage to go, then it is not the time to let go of this baby. But I also have to consider how long it will take to get there. Cos there is an opportunity cost to holding funds as well. Sigh, the decision is tough. Wish I had more money!
But anyway, I appreciate your reply and opinion. Will consider pros and cons. Peace.