Spindex Ind
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+0.005
SPINDEX INDUSTRIES LIMITED
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if purely looking at div returns, SECOND CHANCE PROP giving 3.3 cents div and the price is abt the same as spindex's right now...just that this second chance very slow moving...typically moves only nearing to cd announcement or xd day.... good luck
joshplim ( Date: 31-Aug-2012 11:09) Posted:
hi ,
with cum dividend S$0.018, is it good to buy now? |
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The company NTA is about $0.54. is it possible will cash offer to delist due to undervalue?
joshplim ( Date: 31-Aug-2012 11:09) Posted:
hi ,
with cum dividend S$0.018, is it good to buy now? |
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hi ,
with cum dividend S$0.018, is it good to buy now?
reinvested 200 lot at .32 and .31
20 lot at .295
Looks like no one selling after the short sellers covered at .290.
still profit what,
Still below NTA
Still good dividend
adverse reaction today from poor market sentiment?
Time to buy-in yeah!!!
| * Asterisks denote mandatory information |
| " DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
SPINDEX INDUSTRIES LIMITED |
| Company Registration No. |
198701451M |
| Announcement submitted on behalf of |
SPINDEX INDUSTRIES LIMITED |
| Announcement is submitted with respect to * |
SPINDEX INDUSTRIES LIMITED |
| Announcement is submitted by * |
JASON LOH CHUN SHEN |
| Designation * |
FINANCIAL CONTROLLER |
| Date & Time of Broadcast |
10-Feb-2011 17:11:56 |
| Announcement No. |
00045 |
| The details of the announcement start here ... |
| For the Financial Period Ended * |
31-12-2010 |
| Description |
Please refer to attachment. |
| Attachments |
Total size = 89K
(2048K size limit recommended)
|
Spindex compare Meiban Gp.
Spindex's better cos Spindex's shares v less in open Mkt...
Not like Meiban Gp cos during yr 2008. Meiban Gp has issued bonus shares 2 all share holders b4.
Dat's y Meiban Gp has alot of shares in open Mkt. & e px wun go up unless Meiban Gp has Daily Share Buy back @ any px & not juz below 0.290...
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bluekelah ( Date: 05-Jan-2011 16:46) Posted:
| Looks like Spindex will move this week... Will it up until dividend announcement in february ? Undervalued stock with good dividend and good business.
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Looks like Spindex will move this week... Will it up until dividend announcement in february ? Undervalued stock with good dividend and good business.
Spindex has reached 0.350 record high on 13-Sep-2010, 04-Oct-2010 & 29-Dec-2010.
Spindex's shares v less. Shd b trying 2 attemp 0.375, nxt 0.405.
Hope Spindex can makeit in yr 2011.
Note:
- On e 15-Jul-2010, Spindex was close @ 0.270
- On e 30-Aug-2010, Spindex was close @ 0.315
- On e 31-Dec-2010, Spindex was close @ 0.345
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Bon3260 ( Date: 30-Aug-2010 08:57) Posted:
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Cheong Ah!!!
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Bon3260 ( Date: 15-Jul-2010 21:10) Posted:
Set Spindex as ur Watch List...
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it has oredi set its recent history in the top volume liao, the day when this reporting came out by dbsv....unfortunately it cooled off...but still steady, holding well abv the price when the counter was recommended to cover.
freezy_81 ( Date: 21-Sep-2010 15:11) Posted:
| this counter seem quiet....any advice? thanks. |
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this counter seem quiet....any advice? thanks.
DBS Vickers initiated coverage.
Spindex Industries, (Trading Buy; S$0.285 , Bloomberg: SPE SP)
Just What the Doctor Ordered
(Target Price: $0.40, upside 41%)
By: Lee Keng LING, 6398 7970
Consistent track record with good ability to manage cost
Large cash hoard of $22.5m (68% of market cap) favours opportunistic acquisition
Attractive valuation: 5x FY11F PER, 0.49x P/B, dividend yield 6.5%Spindex is an integrated solution provider of precision-machined components and assemblies with a strong track record of nearly 30 years in the industry.
At the helm is industry veteran Mr Tan Choo Pie. Mr Tan was previously Chairman of MMI, which was taken private during 2007 in an S$1b deal. The group has manufacturing facilities located in Singapore, Malaysia, China and Vietnam.
We believe investors should buy the stock because of: 1) its ability to manage cost well 2) Large cash hoard of S$22.5m as at Jun 10, which is about 68% of current market capitalization and 3) Attractive valuation with 5x FY11PE, FY10 dividend yield of 6.5%, and 0.49x P/B.
Our target price for Spindex is S$0.40 (41% upside) based on 7X P/E FY11F PER.
Spindex's amazing...
As 4 Meiban Gp now, BBs r making pple throwing now...
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eeming45 ( Date: 30-Aug-2010 11:30) Posted:
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Bonbon,
Kudos to those that vested ... is there any reason for the rise? BB heavily stock up? guess meiban will be the last.
Bon3260 ( Date: 30-Aug-2010 08:57) Posted:
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Bonbon,
Kudos to those that vested ... is there any reason for the rise? BB heavily stock up? guess meiban will be the last.
Bon3260 ( Date: 30-Aug-2010 08:57) Posted:
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Cheong Ah!!!
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Bon3260 ( Date: 15-Jul-2010 21:10) Posted:
Set Spindex as ur Watch List...
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Cheong Ah!!!
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Bon3260 ( Date: 15-Jul-2010 21:10) Posted:
Set Spindex as ur Watch List...
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| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
SPINDEX INDUSTRIES LIMITED |
| Company Registration No. |
198701451M |
| Announcement submitted on behalf of |
SPINDEX INDUSTRIES LIMITED |
| Announcement is submitted with respect to * |
SPINDEX INDUSTRIES LIMITED |
| Announcement is submitted by * |
JASON LOH CHUN SHEN |
| Designation * |
FINANCIAL CONTROLLER |
| Date & Time of Broadcast |
27-Aug-2010 17:16:45 |
| Announcement No. |
00086 |
| The details of the announcement start here ... |
| For the Financial Period Ended * |
30-06-2010 |
| Description |
Please refer to attachment. |
| Attachments |
Total size = 111K
(2048K size limit recommended)
|
Bon3260 ( Date: 15-Jul-2010 21:10) Posted:
Set Spindex as ur Watch List...
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Spindex's full year results should be out by next Friday (27 Aug). Dividends expected to be at least 1.4cents. 5% yield.
Spindex is due to release full year results in about 2 weeks' time.
Recap of H1 results
Revenue increased 1% year-on-year and 71% compared to 2H09.
Net profit increase 10% year-on-year and 49% compared to 2H09.
Net cash per share increased from $0.180 to $0.186 even after paying $0.014 per share in dividend for FY09
Trailing PE is about 6 and annualized PE is 5
Net tangible asset is $0.4665 per share
Dividend track record
2007: 1.4 cents per share
2008: 1.5 cents
2009: 1.4 cents
Dividends of at least 1.4 cents can be expected again for 2010, thus 5.2% yield.
Fundamental analysis
Share price is just $0.27 (42% discount to NTA). Spindex has 18.6 cents cash per share and negligible debt. You are effectively paying about 9 cents for a business that has consistently generated about 4-5 cents of profit every year for the past 3 years.
It is very rare to find a low P/E stock paying good dividends.
Technical analysis
Spindex has been trapped in a classic Bolinger squeeze for some time now and volume has been increasing in the past 2 weeks.
A breakout is imminent. It should revisit recent high of 33c when full year results are released.
Set Spindex as ur Watch List...
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| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
SPINDEX INDUSTRIES LIMITED |
| Company Registration No. |
198701451M |
| Announcement submitted on behalf of |
SPINDEX INDUSTRIES LIMITED |
| Announcement is submitted with respect to * |
SPINDEX INDUSTRIES LIMITED |
| Announcement is submitted by * |
Jason Loh Chun Shen |
| Designation * |
Financial Controller |
| Date & Time of Broadcast |
30-Jun-2010 17:24:01 |
| Announcement No. |
00099 |
| The details of the announcement start here ... |
| Name of person * |
Lee Soo Guan |
| Age * |
52 |
| Is Effective Date of Cessation known? * |
Yes |
| If yes, please provide the date * |
30-06-2010 |
| Detailed Reason(s) for cessation * |
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| Is there any difference of opinion on material matters between the person and the Board of directors? * |
No |
| If yes, please elaborate * |
NA |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? * |
No |
| If yes, please elaborate * |
NA |
| Any other relevant information to be provided to shareholders of the listed issuer? * |
No |
| If yes, please elaborate * |
NA |
| Date of Appointment to current position * |
07-04-2008 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * |
Managing Director / Executive Director |
| Role and responsibilities * |
| To oversee the overall operations of Spindex Group |
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| Does the AC have a minimum of 3 members (taking into account this cessation)? * |
Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) * |
2 |
| Number of cessations of appointments specified in Listing Rule 704(7) over the past 12 months * |
0 |
| Shareholding * in the listed issuer and its subsidiaries * |
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| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * |
|
| Past (for the last 5 years) * |
| Inzign Pte Ltd - Executive Director (Mar 2004 - Jan 2006) |
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| Present * |
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| Attachments |
Total size = 0
(2048K size limit recommended)
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