HupSteel

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http://infopub.sgx.com/Apps?A=COW_CorpAn...10c78778ef

Hupsteel finally paid up to $0.80 buying 69,000 shares today but errorneously reported it as $0.69. lol.
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http://infopub.sgx.com/Apps?A=COW_CorpAn...6090c0bdc4

Updated to the correct one. Purchase of 69,000 shares at $0.80.
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http://infopub.sgx.com/Apps?A=COW_CorpAn...ac8ffe0915

Hupsteel bought back 117,000 shares today, mostly at $0.81. Weighted Average price is $0.80872.
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Hupsteel Limited Announces Final and Special Cash Dividend for the Financial Year Ended June 30, 2017

Source: Singapore Exchange
Type: Special Dividend Announced
From: 24/Aug/2017

Hupsteel Limited announced final tax exempt (one-tier) cash dividend of 1.0 cent per share and special tax exempt (one-tier) cash dividend of 1.0 cent per share for the financial year ended June 30, 2017.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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NAV $1.3701 (after ex 2c dividend)

Cash + Avail for Sale fin. assets - ALL LIABILITIES = $0.5876
Trade Receivables = $0.1369
Inventories = $0.2048
Plant, Ppty and Equipment = $0.1637
Freehold Investment Properties at cost = $0.2749
Misc = 0.0022
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http://stockresearchasia.com/latest-reco...-to-narrow

RNAV 1.71. Target Price 1.24.
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If hupsteel is to be valued on its properties, then share price sitting at 50 to 60% of rnav at current levels would be just about right as compared to other property counter.

Businesswise, medium term picture is still bad for OnG with low oil price to be the norm now barring any surprise supply issue, capped by shale production as well as rise of EV in the transportation sector.

Property development in SG will be bad sector as well from now on as interest rates are on the way up and very little headroom for further price gains.

Unless go for privatisation, outlook is not really that good.

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Finally, 6 Kim Chuan Drive is rented for an initial period of 5 years from January 2018.

The rental receipts will contribute to the income for the financial year ending 30 June 2018.

See Link below:  

http://infopub.sgx.com/Apps?A=COW_CorpAn...0Drive.pdf
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very good news actually! Smile
5 yrs rental income will help supplement the cash-flow of HS.

Waiting for a while for this to come in!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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How much will this add to earnings? Enough to maintain their usual div?

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Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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