I don't care about Economy, more important is that business must have NO COMPETITION!

Today trade summary: Monday - Dec 17, 2012
Maxi-Cash M Op-0.425 Cls-0.420c +0.005c +1.2% Trade volume changed 563,000

http://sg.finance.yahoo.com/q/ta?s=5UF.SI& t=6m& l=on& z=l& q=l& p=e10%2Cv& a=m26-12-9& c=

The spike in price traded does not indicated many has bot into it...(low volume - unlike mth of July 2012), and going into yr 2013, prices on short term may stay afloat for awhile B4 deciding on which way to go...?. If it spike again, then price may not be sustainable...
Pls do ur homework, n analysis.
(Note - This is my personnal view, different opinion is welcome 2share, to balance any info sharing for or against).
Happi speculating...

Revenue 46,409 34,422 35%

Material costs (32,029) (25,660) 25%

Employee benefits (3,608) ( 2,599) 39%

Depreciation and amortisation (696) ( 494) 41%

Finance costs (1,379) ( 740) 86%

Other operating expenses (6,769) ( 4,743)

Operating profit 1,928 186 937%43%

Rental income 260 25 940%

Other income 7 1 89

Profit before tax from continuing operation 2,259 300 653%-20%

Taxation (495) (10)

Profit for the period 1,764 290 508%

Profit attributable to:n.m

Owners of the parent 1,737 298 483%

Non-controlling interests 2 7 (8)

1,764 290 508%

Profit for the period 1,764 290 508%n.m

Other comprehensive income for the period, net of tax

Total comprehensive income for the period 1,764 290 508%

Total comprehensive income attributable to:- -

Owners of the parent 1,737 298 483%

Non-controlling interests 27 (8) n.m

1. Consolidated Statement of Comprehensive Income

Group

1(i) Consolidated Statement of Comprehensive Income For The Financial Period Ended 30 June 2012

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1,764 290 508%

Earnings per ordinary share (cents)

-Basic 0.72 0.13 454%

-Diluted 0.72 0.13 454%

Other information :-

1H 2012 1H 2011 Change

$'000 $'000 %

Amortisation of prepaid rent 234 143 64%

Depreciation of property, plant and equipment 462 351 32%

Listing expenses 788 - n.m

Foreign currency exchange gain (55) (81) -32%

Loss on disposal of property, plant and equipment 81 91 -11%

Manufacturing and melting loss 2 8 34 -18%

Rental income (260) (25)

n.m - Not meaningful940%

Gro

14. Business Outlook

The Group continued to perform well in the first nine months of 2012. Revenue increased 14.2% from $62.6 million in 9M 2011 to $71.5 million

in 9M 2012.

Revenue contribution from the pawnbroking business rose in 9M 2012. The increase was primarily attributed to the higher interest income

from its growing pledge book and sales of unredeemed pledges. The retail and trading of pre-owned jewellery and watches business had also

registered healthy revenue growth in 9M 2012.

For 3Q 2012, the revenue of $25.1 million was 10.9% lower than that of the corresponding quarter in 2011 due mainly to the lower revenue

from the retail and trading of pre-owned jewellery and watches. The pawnbroking business continued to register higher revenue due mainly to

interest income from higher pledge book.

The retail and trading of pre-owned jewellery and watches recorded lower revenue in 3Q 2012 as compared to 3Q 2011 due to the record

revenue achieved in 3Q 2011. The surge in gold prices to an all-time high in August and September 2011 resulted in higher business volume for

the retail and trading of pre-owned jewellery and watches business in 3Q 2011.

Except for the one-off listing expenses of $0.8 million, the increase in operating expenses across all cost categories and other operating

expenses in 9M 2012 were largely in line with the increase in revenue for the relevant period. The leasing of additional pawnshops and retail

outlets in new locations in the last 12 months contributed to the increase in operating expenses such as rental costs, employee benefits

expense and depreciation and amortization expenses.

The higher revenue and gross profit lifted the Group’s pre-tax profit for 9M 2012. Pre-tax profit increased from $2.4 million in 9M 2011 to $3.9

million in 9M 2012. The higher pre-tax profit was achieved despite a one-off charge of $0.8 million for the Group’s listing expenses.

For 3Q 2012, pre-tax profit of $1.6 million was lower than the pre-tax profit of $2.1 million achieved in 3Q 2011, due to lower profit from the

retail and trading of pre-owned jewellery business which was partially offset by the higher profit from the pawnbroking business. The pre-tax

profit of $2.1 million achieved in 3Q 2011 was higher due to the surge in gold prices then.

In 9M 2012, the Group had incurred expenses of approximately $0.8 million for the setting up of additional pawnshops and retail outlets in

new locations and relocation of existing pawnshops and retail outlets. In 3Q 2012 alone, the Group incurred approximately $0.5 million of

expenses for the same purpose.

Excluding the abovementioned listing and new shop setting up expenses, the Group’s pre-tax profit would have been $5.5 million for 9M

2012 or $3.1 million higher than the pre-tax profit of $2.4 million for 9M 2011.

Similarly, excluding the expenses incurred for the setting up of new shops and relocation of shops, the Group’s pre-tax profit would

have been $2.1 million for 3Q 2012.

As the leader and innovator in the pawnbroking industry, the Group’s modern, professional and friendly store concept has been well-received

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