| Latest Forum Topics / Novo Group |
 Post Reply
|
|
Any opinion about Novo Group
|
|||
|
grandmaster89
Veteran |
07-Jan-2010 18:56
|
||
|
x 0
x 0 Alert Admin |
Haha cheong ar. Novo Group is a global steel and coal supply chain management company which provides international & localized integrated value-added services.
PE: 8.7 Grandmaster gave this tip when it was only 20 cents. Lets see what price will it close tmr haha!!! At PE 15, its share price will be trading at 38 cents. So lets wait and see. I hope they don't do an Epure by issuing new shares. Perhaps the Management who owns 70% of the company will offload their stake slowly. The company has bought back 26 million shares last year at an average cost of 12 cents so they might do a private placement to HKSE institutional funds.
|
||
| Useful To Me Not Useful To Me | |||
|
ZebraCrossing
Senior |
07-Jan-2010 18:43
|
||
|
x 0
x 0 Alert Admin |
Another Dual listing.. another one that is gg to cheong tomorrow! | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
grandmaster89
Veteran |
07-Jan-2010 18:33
|
||
|
x 0
x 0 Alert Admin |
OMG NOVO GROUP INTENDS TO DUAL LIST IN HKSE http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2BA4569D94E41418482576A400395112/$file/DualListing.pdf?openelement |
||
| Useful To Me Not Useful To Me | |||
|
grandmaster89
Veteran |
07-Jan-2010 15:59
|
||
|
x 0
x 0 Alert Admin |
Now 22.5 cents (up 2 cents) on very strong volume. Don't miss the last commodity boat. Will post some of their expansion plans tonight |
||
| Useful To Me Not Useful To Me | |||
|
grandmaster89
Veteran |
07-Jan-2010 12:07
|
||
|
x 0
x 0 Alert Admin |
Volume is pretty high today. Cross the million mark and up by 1 cent. Penny stock CHEONG AR.
IF YOU MISS THE COMMODITY BOAT, THIS IS THE ONE TO BOARD NOW |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
grandmaster89
Veteran |
06-Jan-2010 15:49
|
||
|
x 0
x 0 Alert Admin |
Btw when I say turnaround, I don't mind a turnaround in share prices. What I meant is a turnaround in the company finances and fundamentals :)
|
||
| Useful To Me Not Useful To Me | |||
|
grandmaster89
Veteran |
06-Jan-2010 14:58
|
||
|
x 0
x 0 Alert Admin |
The stock PE is only 8 despite it being a iron ore and coal supply chain manager. Management repurchased 26 million shares last year. If it matches most commodity stock trading PE, it will have to move up by over 75% | ||
| Useful To Me Not Useful To Me | |||
|
xiaofang_
Member |
06-Jan-2010 14:02
|
||
|
x 0
x 0 Alert Admin |
Turn around in prices requires much volume and news.. Need to wait for this stock. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
grandmaster89
Veteran |
06-Jan-2010 13:46
|
||
|
x 0
x 0 Alert Admin |
Already up 0.5 cent today. Commodity stock with net cash trading at PE 8 is plain ridiculous | ||
| Useful To Me Not Useful To Me | |||
|
grandmaster89
Veteran |
05-Jan-2010 22:10
|
||
|
x 0
x 0 Alert Admin |
FYI - Novo Group Finances since 2007 Note: Novo Group FY - 01 May - 31 April 1Q 08 (May - July 07) Revenue: US$133.7 million Gross Profit: US$17.6 million Net Profit: US$3.5 million EPS: 0.76 US cents 2Q 08 (Aug - Oct 07) Revenue: US$90.8 million Gross Profit: US$12.8 million Net Profit: US$2.8 million EPS: 0.62 US cents 3Q 08 (Nov - Jan 08) Revenue: US$76.2 million Gross Profit: US$8.15 million Net Profit: US$0.89 million EPS: 0.14 US cents NAV: US$40.2 million 4Q 08 (Feb - Apr 08) Revenue: US$91.6 million Gross Profit: US$17.8 million Net Profit: US$2.95 million EPS: 0.64 US cents 1Q 09 (May - July 08) Revenue: US$266.2 million Gross Profit: US$27.4 million Net Profit: US$3.8 million EPS: 0.61 US cents 2Q 09 (Aug - Oct 08) Revenue: US$81.2 million Gross Profit: US$5 million Net Loss: US$3.6 million 3Q 09 (Nov - Jan 09) Revenue: US$76.2 million Gross Profit: US$8.15 million Net Profit: US$0.89 million EPS: 0.14 US cents NAV: US$40.2 million 4Q 09 (Feb - Apr 09) Revenue: US$100.1 million Gross Profit: US$5.4 million Net Profit: US$0.5 million EPS: 0.07 US cents NAV: US$40.3 million Final Dividend: 0.5 SG cents 1Q 10 (May - July 09) Revenue: US$103.7 million Gross Profit: US$8.8 million Net Profit: US$3.9 million EPS: 0.64 US cents NAV: US$44.0 million 2Q 10 (Aug - Oct 09) Revenue: US$114.2 million Gross Profit: US$24.2 million Net Profit: US$1.5 million EPS: 0.25 US cents NAV: US$43.6 million Interim Dividend: 0.5 SG cents Based on its 08 (boom) and 09 (recession), performance, we learn 2 things - a) Its business is highly cyclical. The periods which brings in the greatest amount of revenues and profits are its 1Q and 4Q. 2Q and 3Q are generally weaker quarters. As Novo Group grows and expands via acquisition of mines and greater client base, this unevenness will be rectified. It is interesting to note that both boom year and recession 3Q are similar. b) The company had bottomed out in 2Q and 3Q 09 and has turnaround well in 1Q 10 by posting very strong profits - comparable with its boom year first quarter profit. It is heartening to see gross profit level going past the 20 million mark - this has not happen for over 4 quarters. The Management is confident of renewed growth in profits and asset bases and this is typified by an interim dividend. Will post more about its expansion plans in the near future. |
||
| Useful To Me Not Useful To Me | |||
|
grandmaster89
Veteran |
05-Jan-2010 15:28
|
||
|
x 0
x 0 Alert Admin |
Bidding for Novo Group. Commodity company trading at single digit PE with net cash....board before the boat flies off | ||
| Useful To Me Not Useful To Me | |||
|
grandmaster89
Veteran |
05-Jan-2010 10:58
|
||
|
x 0
x 0 Alert Admin |
Any shareholders here? | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
grandmaster89
Veteran |
04-Jan-2010 21:24
|
||
|
x 0
x 0 Alert Admin |
Novo Group is a global steel and coal supply
chain management company which provides international & localized
integrated value-added services. Novo Group manages the reallocation of
resources from the supply regions to the demand regions globally.
Incorporated in HK but listed in SGX last year.
1H 2010 Revenue: US$218 million Net Profit: US$5.5 million NAV: US$43.6 million Annualized ROE: 25% Interim Dividend: S$0.5 cents EPS: US$0.009 (YTD) NAV: US$0.071 Share Price: S$0.20 PE: 8 Net Cash gearing It bears much resemblance with Noble Group in its formative years 15 years ago. Back then Noble didn't own any upstream or downstream assets. Company has been buying back its shares frequently. It bought back over 26 million shares last year at an average cost of 12 cents. It intends to expand into owning mines in 2010/2011. Could be a wonderful growth stock since it has enough cash to expand. |
||
| Useful To Me Not Useful To Me | |||
|
daphnecsf
Senior |
08-Dec-2009 22:38
|
||
|
x 0
x 0 Alert Admin |
Novo Group posts 2Q profit of US$1.5m from loss a year ago Novo Group, the global steel supply-chain management company, says the group achieved revenue of US$114.2 million ($158.6 million) for the three months ending Oct 31 (2Q2010) from US$81.2 million in 2Q2009, representing an increase of 40.6%. Novo attributes the growth to the expansion of demand of raw materials in North Asia and the contribution of the domestic trading and distribution business in China and Hong Kong. With the group benefiting from the recent escalation of steel price and the change of trading terms for certain major contracts, gross profit increased to US$24.2 million in 2Q2010 from US$5.0 million in 2Q2009 and gross profit margin rising from 6.2% in 2Q2009 to 21.2% in 2Q2010. On the group’s expense side, distribution and selling expense increased to US$22.5 million in 2Q2010 from US$5.7 million in 2Q2009 due to the increase in sales and unit freight charge and the change of trading terms for certain major contracts, while finance cost decreased to US$0.2 million for 2Q2010 from US$0.7 million in the previous corresponding period. Other operating expenses also declined by 96.8% to US$0.1 million due mainly to an exchange loss of US$1.9 million in 2Q2009. Net profit of the group during the period improved to US$1.5 million from a loss of US$3.6 million in the previous corresponding financial period (2Q2009). Earnings per share for 2Q2010 recovered to 0.25 cents from negative 0.58 cents in 2Q2009. Net Asset Value (NAV) per share also moved up to 7.1 US cents as of Oct 31 from 6.5 US cents in April 30. Recently the group set up a subsidiary to handle non-steel trading business as a new revenue stream. At present, the group has managed to conclude coal trading contracts and is expecting to obtain fixed allocations from coal mines in near future. Novo has also completed procurement of a piece of land for building a steel processing centre in Tianjin. The construction of factory and installation of the equipment is expected to complete within the second half of 2010. Source: The Edge Singapore 07 Dec 09 |
||
| Useful To Me Not Useful To Me | |||
|
thursev
Member |
27-Oct-2009 10:50
|
||
|
x 0
x 0 Alert Admin |
What do you think about this counter? | ||
| Useful To Me Not Useful To Me | |||