Progen    Last:0.026    +0.002

Progen

No vol for years

 

Anyone spotted this? Has been moving uptrend nicely. Last 2 days pull back managed to support well at 0.15  moving steadily.  Just entered yesterday for some coffee money. Today  doing quite well  with new high at 0.171 closing  0.168. May continue tomorrow, cheers!

 

Attracttive vehicle for takeover it seems.

Juzztrade      ( Date: 01-Nov-2011 14:43) Posted: This one is very delicious...

 

Bloomberg report

 

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=PHL:SP

Suggest keep an eye first. Chart looks wild.

 

Snapshot of PROGEN HOLDINGS LTD (PHL)

OPEN $0.13		PREVIOUS CLOSE $0.13
DAY HIGH $0.14		DAY LOW $0.13
52 WEEK HIGH 07/1/11 - $0.23		52 WEEK LOW 11/22/10 - $0.06
MARKET CAP 35.9M		AVERAGE VOLUME 10 D 1.8M
EPS TTM $0.01		SHARES  OUTSTANDING 272.0M
EX-DATE 11/26/04		P/E TTM 12.8x
DIVIDEND --		DIVIDEND YIELD --
K  =  Thousands    M  =  Millions    B  =  Billions

 

 

This one is very delicious...

 

 

I got in some at 0.132 as a bit of life seems to be coming in.

It is just another punting stock that is being collected it seems.

High net assets and cash. Though company is profitable its results have declined over last year.

 

 

Half Year Financial Statement And Dividend Announcement for the Period Ended 30 June 2011 (S$)

Revenue S$ 5.7 mil profit 1.2 mil ( Last year: S$9.6 mil n 2.5 mil)

Balance Sheet 30 June 2011:

Shareholder Equity: S$  26 mil

Cash and equivalent 18.6 mil ( 15.4 mil)

NTA per share 9.574 (9.084)

PHL Details

Progen Holdings Limited, an investment holding company, engages in the design, supply, installation, and maintenance of air-conditioning and mechanical ventilation systems in Singapore and Malaysia. The company engages in trading and contracting engineering works, cooling towers, and air-conditioning and mechanical ventilation systems for industrial, commercial, and residential developments in the public and private sectors. It also involves in servicing and repairing air-conditioners, cooling towers, and other cooling equipment supplying and installing cooling fans, cooling towers, and air-conditioners and trading, importing, and exporting cooling towers, fans, sprockets, and related equipment. In addition, the company sells and distributes household electrical appliances and air-conditioners and rents and leases factory, office, and building space. Progen Holdings Limited was founded in 1981 and is based in Singapore.