PEC    Last:0.825   -

pec...a cash rich counter to be look out for

By the end of this week if the stock still doesn't move I am going to email that question to them and expect a very good answer. Otherwise..

 

Should ask the directors to quit...

cccx123      ( Date: 28-Nov-2013 08:58) Posted: Rotary going sky high this tortoise still don't want to move. Forgot to ask management what they intended to do to get the brokerages to reinitiate coverage on the company. The stock will go nowhere otherwise..

 

Rotary going sky high this tortoise still don't want to move. Forgot to ask management what they intended to do to get the brokerages to reinitiate coverage on the company. The stock will go nowhere otherwise..

 

Dunno why it should gap down despite it already trading at a steep discount to NAV. Hope management gets its act together and invite brokerages to re-commence coverage on the company. Otherwise, we might just see the same px next year.

 

Don't know why someone is so insistent on the counter closing between 61-61.5cts.. Erect a wall at 61.5cts some more..

 

PEC XD tomo 2.5c

now 0.615

 

Good closing and performance in a bad market

 

The purchase of the new land will go a long way in reducing costs since workers accommodation will no longer be outsourced but provided within the company's property. These facilities can also be offered to other companies paying rental per head.

Someone is collecting at 61.5cents.

jackson5      ( Date: 27-Oct-2013 19:27) Posted: Gross and net margins will be squeezed by vendor and high labor costs respectively down the road.

 

Gross and net margins will be squeezed by vendor and high labor costs respectively down the road.

 

Honestly, I do not see what is keeping this stock price so depressed. An NAV of 85cents, cash per share of 35cents and a stable management with Edna Koh as a controlling shareholder. I first bought substantially into PEC last year around June when I noticed the deep discount and when doing so, passed on Tai Sin since it was ready trading near NAV. I then sold a substantial portion at the beginning of this year into the rally but retained a few lots to keep myself informed of this company's news. Collected quite a bit as the share price tanked when the brokerages ceased coverage with negative highlights. Collected even more about two weeks ago. There seems to be a perpetual gap between 61 and 62.5 cents with no one willing to buy and sell at that range.

Hopefully, with the major petroleum companies expanding capacity at Jurong Island, PEC will be able to obtain higher margin construction contracts and not overly rely on low margin maintenance works. When I broached this question all Mr Robert said was that the company was keeping all options open and looking into the matter. I hope that is true. Keeping my fingers crossed for a return to the higher margins that we experienced in 2010.

jomini      ( Date: 27-Oct-2013 19:02) Posted: free food n drinks. thats what agms are for. u wldnt get anyth substantial by asking in public anyw. who knows. maybe they did the same as u. n they were disappointed in u too cccx123      ( Date: 27-Oct-2013 17:33) Posted: Very disappointing.. During the AGM last year management was grilled on the Audex Verwater incident and some accounting issues as well. But this time round...yea when the meeting was over quite a number went out immediately for food. Tsk..i did not touch any good or drink though. Was in a hurry and left immediately. Then after AGM, share price dropped knn.

 

free food n drinks. thats what agms are for. u wldnt get anyth substantial by asking in public anyw. who knows. maybe they did the same as u. n they were disappointed in u too

cccx123      ( Date: 27-Oct-2013 17:33) Posted: Very disappointing.. During the AGM last year management was grilled on the Audex Verwater incident and some accounting issues as well. But this time round...yea when the meeting was over quite a number went out immediately for food. Tsk..i did not touch any good or drink though. Was in a hurry and left immediately. Then after AGM, share price dropped knn.. serious      ( Date: 26-Oct-2013 21:05) Posted: Now proven many or even all went there for food. What a joke

 

Very disappointing.. During the AGM last year management was grilled on the Audex Verwater incident and some accounting issues as well. But this time round...yea when the meeting was over quite a number went out immediately for food. Tsk..i did not touch any good or drink though. Was in a hurry and left immediately. Then after AGM, share price dropped knn..

serious      ( Date: 26-Oct-2013 21:05) Posted: Now proven many or even all went there for food. What a joke ! cccx123      ( Date: 26-Oct-2013 20:56) Posted: Well, the AGM last Friday was a joke. Management got off easy since no one asked any questions during the Q&A session. I was hoping someone would be brave enough to question but no one did. I myself did not because I asked the CEO personally before the meeting and it would have looked silly to repeat the questions.

 

Now proven many or even all went there for food. What a joke !

cccx123      ( Date: 26-Oct-2013 20:56) Posted: Well, the AGM last Friday was a joke. Management got off easy since no one asked any questions during the Q&A session. I was hoping someone would be brave enough to question but no one did. I myself did not because I asked the CEO personally before the meeting and it would have looked silly to repeat the questions.

 

Well, the AGM last Friday was a joke. Management got off easy since no one asked any questions during the Q&A session. I was hoping someone would be brave enough to question but no one did. I myself did not because I asked the CEO personally before the meeting and it would have looked silly to repeat the questions.

 

Usually, PEC won lots maintenance contract and project which are low profit margin while Rotary  won lot EPC project which higher profit margin(also higher risk - Fujarah project was a good example). Recently, Rotary won lots EPC project which will contribute in their cash flow. think PEC yet to announce some project that they won recently.

 

In this case, shareholders should query PEC management on this. I have only studied rotary and PEC and concluded that PEC was the better choice with its attractive dividend yield, trading price at deep discount to NAV (Rotary is trading at a premium) and relatively low PE ratio of 13.

serious      ( Date: 14-Oct-2013 18:04) Posted: Hai Leck is a small outfit but seems to enjoy better profit margin.

 

Hai Leck is a small outfit but seems to enjoy better profit margin.

 

For any growth company, the first goal is to increase and protect its existing market share. PEC has a vertically integrated EPC structure that helps boost its margins by prevent 'leakages' due to outsourcing. The 33 million sgd of cross sales in AR2013 is clear proof of that. Without such integration, the top and bottom lines would have been much lower and depressing. The government's attempt to foster an LNG trading hub in Singapore should help PEC win more contracts as it has he relevant expertise. One problem is that rotary tends to get more coverage than PEC for some reason.

serious      ( Date: 14-Oct-2013 17:51) Posted: PEC won the jobs by lowing its profit margin, so no big deal .

 

Should fire them with tonnes of questions during coming agm...so much of.money and do nothings..cash pile for development

 

PEC won the jobs by lowing its profit margin, so no big deal .