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Why I like Excelpoint

quiet day ... traded between 0.093 to 0.095

 

Will sell when i deem it's fully valued. Next year will be it's 10th anniversary. I am

most likely to keep till next year. It's long hold for me. The full value of a share is realised when it's profit peak.

So long as the profit story stay, i am likely ot ride with it. In the neantime will just quietly collect dividends.

jomini      ( Date: 02-Nov-2013 20:01) Posted: when do u intend to sell? what price? or under what conditions? josephyeo      ( Date: 02-Nov-2013 14:14) Posted: My first post on this topic was quite sometime ago in this forum. Since then the stock had been trading within a narrow band of 8.8 cts to 10.4 cts. It's a thinly traded stock with not much interest in the investing community. This is not a stock for punters or those who take a short term view. In this posting I wish to recap the reasons why I like this stock : 1) excellent dividend yield .. based on today's price of 9.5 cts the yield is 8.5%. Hard to fine another stock w this level of yield. 2) improving top n bottom line. Revenue for year 2010, 2011 n 2012 are S$620mil, S$612mil and S$713mil. Revenue at 3rd quarter 2013 is S$612mil which is equal to the whole of year 2011. Profits for year 2010, 2011 n 2012 are S$3.2mil, S$5.9mil and S$6.3mil. Profits for 9 months of 2013 is S$5.1 3) Meaningful revenue ... company generates revenue of above S$600mil for year 2010 n 2011 and above S$700mil for year 2012 n 2013 (most likely). There are a lot of intangible value in this high revenue and there are not many listed companies w this level of revenue. 4) price below nav ... current nav 12.3cts against current price of 9.5 cts. 5) undemanding pe ratio .. current pe is 7.77 and the forward pe is expected to be around 6.2. 6) management is bullish about the business prospect in China. They expect growth from India n South East Asia though not of the same level as China. They are cautious about USA. 7) it's a Singapore company. IPO on 7 Jan 2004 at 25.4 cts. Summary : The main reasons why i like Excelpoint are it's high dividend yield, it's improving top n bottom lines and low risk as long as the current story hold.

 

when do u intend to sell? what price? or under what conditions?

josephyeo      ( Date: 02-Nov-2013 14:14) Posted: My first post on this topic was quite sometime ago in this forum. Since then the stock had been trading within a narrow band of 8.8 cts to 10.4 cts. It's a thinly traded stock with not much interest in the investing community. This is not a stock for punters or those who take a short term view. In this posting I wish to recap the reasons why I like this stock : 1) excellent dividend yield .. based on today's price of 9.5 cts the yield is 8.5%. Hard to fine another stock w this level of yield. 2) improving top n bottom line. Revenue for year 2010, 2011 n 2012 are S$620mil, S$612mil and S$713mil. Revenue at 3rd quarter 2013 is S$612mil which is equal to the whole of year 2011. Profits for year 2010, 2011 n 2012 are S$3.2mil, S$5.9mil and S$6.3mil. Profits for 9 months of 2013 is S$5.1 3) Meaningful revenue ... company generates revenue of above S$600mil for year 2010 n 2011 and above S$700mil for year 2012 n 2013 (most likely). There are a lot of intangible value in this high revenue and there are not many listed companies w this level of revenue. 4) price below nav ... current nav 12.3cts against current price of 9.5 cts. 5) undemanding pe ratio .. current pe is 7.77 and the forward pe is expected to be around 6.2. 6) management is bullish about the business prospect in China. They expect growth from India n South East Asia though not of the same level as China. They are cautious about USA. 7) it's a Singapore company. IPO on 7 Jan 2004 at 25.4 cts. Summary : The main reasons why i like Excelpoint are it's high dividend yield, it's improving top n bottom lines and low risk as long as the current story hold.

 

My first post on this topic was quite sometime ago in this forum. Since then the stock had been trading within a narrow band of 8.8 cts to 10.4 cts.

It's a thinly traded stock with not much interest in the investing community. This is not a stock for punters or those who take a short term view.

In this posting I wish to recap the reasons why I like this stock :

1) excellent dividend yield .. based on today's price of 9.5 cts the yield is 8.5%. Hard to fine another stock w this level of yield.

2) improving top n bottom line.

Revenue for year 2010, 2011 n 2012 are S$620mil, S$612mil and S$713mil. Revenue at 3rd quarter 2013 is S$612mil which is equal to the whole of year 2011.

Profits for year 2010, 2011 n 2012 are S$3.2mil, S$5.9mil and S$6.3mil. Profits for 9 months of 2013 is S$5.1

3) Meaningful revenue ... company generates revenue of above S$600mil for year 2010 n 2011 and above S$700mil for year 2012 n 2013 (most likely). There are a lot of intangible value in this high revenue and there are not many listed companies w this level of revenue.

4) price below nav ... current nav 12.3cts against current price of 9.5 cts.

5) undemanding pe ratio .. current pe is 7.77 and the forward pe is expected to be around 6.2.

6) management is bullish about the business prospect in China. They expect growth from India n South East Asia though not of the same level as China. They are cautious about USA.

7) it's a Singapore company. IPO on 7 Jan 2004 at 25.4 cts.

Summary :

The main reasons why i like Excelpoint are it's high dividend yield, it's improving top n bottom lines and low risk as long as the current story hold.

 

those who did not sell out during the cum dividend period will now enjoy a fair level of dividend cum capital gain.

I am till holding n waiting for the next 2 quarters of financial report. If positive, there is a fair chance of a

run on the stock. However if the reports do not measure up then its not going to be good for the stock.

Personally, i am optimistic about the result though i may be wrong about it. Invest at your own risk.

All the best !!!

 

nice close at 9.2 cts ..

 

  ex dividen today.

 

Joseph thanks for the detail explanation on AEM. Impressed with your details in your post and look forward to more posting from you.

 

 

 

      ex dividend on thurs 18 apr 2013

 

2 more days n its ex dividend

shareflux      ( Date: 10-Apr-2013 07:58) Posted: Joseph Buying illiquid stöck needs a lot more faith and homework than say your blue chips. For once there is no house call to fall back on and you only rely on the performance of the company you invested in to back you up. I think the advice given by forum need here are valid but let Mr Market be the judge. Thanks for the info and you have pipped my interest. Will definitely look into this counter. josephyeo      ( Date: 08-Apr-2013 01:52) Posted:     the keypoints i wish to make are : 1. the top line n bottom have been improving in the last 3 years.       so it seems that something must be right about what they are doing. 2. the latest dividend declared is 0.8 cts which is the same as the year       before that. Assuming that the company will declare a dividend of       0.8 cts for the current financial year, the total dividend received by       next year would be 1.6 cts. And if the traded price stay at 8.5 cts       the total yield would therefore be around 20% for 15 months. 3. management sounds positive n with improving conditions in China n south     east asia .. i am assuming that the company bottomline would improve further.   Quote from the company's chairman :     Into the new financial year, we expect to see more stability in the US economy and improving sentiments in China and South     East Asia. This landscape will benefit our business in North and South East Asia.     In China, we foresee growth to come largely from domestic demand. Furthermore, with energy becoming a key issue in     the country, demand for energy-saving and renewable-energy products is poised to escalate. Our teams in China and Hong     Kong are stepping up their efforts to expand their product offerings in these areas.     In South East Asia, business growth will largely be driven by government infrastructure investments. We anticipate the     implementation of an increasing number of these projects. Our South East Asian team, in addition to pursuing infrastructure     projects, is also focusing on automotive and energy meter opportunities in various countries.     The R& D division will use their flagship product – BreathOptics - as a launch pad to establish themselves in the infant care     market. Corresponding to this strategy, they will be expanding their offerings in this segment.     At the organisational level, in addition to our generic business At the organisational level, in addition to our generic business growth,     we will also be looking for strategic partnershipsthrough which we can enhance the value of Excelpoint. 4. just to share w you my feelings .. never buy a stock u are uncomfortable with, if u are uncomfortable w the company and       doubt whether the management can produce or not, it is best that u do not buy because u will not have peace of mind n may     end up spoiling your life. Buy what u are sure n comfortable with n be able to sleep w it.     Best regards n all the best to all!!!

 

ex-dividend 18 apr 2013 - thurs

 

Hi Shareflux,

AEM was traded between 1.0cts to 5.5cts from 2009 to 2011. Share price started to move up from 2012 n reached a peak of 11.0cts.

I had a position at 2.2cts n had sold out at close to 4.0cts.

 

This counter is quiet strongly recommended by one institution (?) The company reported a loss of S$1.4 mil due mainly to a sales rebate

provision of S$2.6 mil, otherwise it should show a profit of S$1.2 mil. Assuming a profit of S$1.2mil the pe would be around 33 times.

The company is capitialised at S$40.4 mil on a price of 9.1cts. For it to reach a pe of 4 times it has to show a profit of S$10.0mil. which

is more than 8 times current earnings. So the question is .. can the company make a profit of S$10.0mil? (Note : I do not normally pay

more than 4 times earning for most company except for perceive growth company)

 

Having said that, there are many positives about the company .. 1. good cashflow, 2. decent cash backing per share, 3.management seems

otimistic about the business, 4. semiconductor products shows signs of improvement 5. alot of activities are going on in the company .. pls

read their latest press release. 6. lower financial cost. If all these can be translated into improving top n bottom line this company could become

a 'growth 'company which normally enjoys a higher valuation.

 

Personally i will put my money here as i deem it 'not cheap'. If the price drop further I may consider taking a position.

 

My choice is still Excelpoint as it has a 3 years of continuos improvement in top n bottom line. It shows quite clearly that there must be something

right about the company. If they are able to persist along the same trend there could be a run on the company. Mush will depend on the result of

the next 2 reporting quarters. Further, the company has been generous in their dividend n has declared dividend of 0.8cts for 2 continuos year giving

a yield of close to 10%. I am heavily vested here and am waiting for their next 2 reporting quarters to confirm/reject my current decisions.

 

Hope above sharing is helpful.

Regards n all the best !!!

 

testing

 

ex dividend 18 apr 2013

 

will get back to u

 

Joseph

Any view on AEM? The testing of the substrate at MCT could be a potential winner with a bonanza of 50 million.

 

last done 9.0 cts

 

ya. you should. esp  cheap good  stuff that ppl hate. i ll be a follower

shareflux      ( Date: 10-Apr-2013 12:12) Posted: Appreciate your sharing on those other counters. My penny stock experience is not so good. Followed Mr Oei HL into Centillion around 10cts and lost 99.8% of my investment about $4K. Well, others like CEI is not too bad, the $20 annual dividend more or less paid for the share which i got at 20cts during IPO about 10 years back. You should start a post on illiquid penny stocks that you think have potential. I am sure there is an appreciative audience out there. Although many here do not agree with you but they meant well. The purpose of this forum is to share goodies and help the investing community to find good stocks to invest in, be them blues or pennies...   Keep up the good work, Joseph! josephyeo      ( Date: 10-Apr-2013 10:11) Posted: Thanks Shareflux for your views. For this type of stock u need patience, faith n believe. Fyi info, i had quite a number of pleasant experience in this class of stocks. I was in Juken when it was traded around 4.5cts, in ISDN when it was 11.2 cts, in Foreland at 3.3 cts, in SMB at 22.5 cts, Swing Media at 8.7 cts, Kian Ann at 21cts. and a few more. At the point of entry almost all the stocks were very thinly traded. There were days when buyer looks at sellers and vice versa and nothing get traded. It was waiting, waiting, waiting n finally the day came .. Kian Ann, SMB, Juken were taken private or taken over Foreland shot up to 5 cts plus and Swing Media went all the way to 18.2 cts.   In all these counters the trends were more all less the same but in varying degree .. management was bullish, bottomline was improving, a fair dividend declared, balance sheet was good (except for 1), and trading below nav. If patience n faith were not there, one will never take up these type of counters and of course will have missed the profits too.   Just sharing and hope all will benefit from the different views expressed. To me this is the strategy i adopt and it has served me well. Used to do some punting and realised i was not good at it but the current way of investing seem to serve me better. All the best to all who are here!!!

 

thanks for the encouragement.

 

Appreciate your sharing on those other counters. My penny stock experience is not so good. Followed Mr Oei HL into Centillion around 10cts and lost 99.8% of my investment about $4K. Well, others like CEI is not too bad, the $20 annual dividend more or less paid for the share which i got at 20cts during IPO about 10 years back.

You should start a post on illiquid penny stocks that you think have potential. I am sure there is an appreciative audience out there. Although many here do not agree with you but they meant well. The purpose of this forum is to share goodies and help the investing community to find good stocks to invest in, be them blues or pennies...

  Keep up the good work, Joseph!

josephyeo      ( Date: 10-Apr-2013 10:11) Posted: Thanks Shareflux for your views. For this type of stock u need patience, faith n believe. Fyi info, i had quite a number of pleasant experience in this class of stocks. I was in Juken when it was traded around 4.5cts, in ISDN when it was 11.2 cts, in Foreland at 3.3 cts, in SMB at 22.5 cts, Swing Media at 8.7 cts, Kian Ann at 21cts. and a few more. At the point of entry almost all the stocks were very thinly traded. There were days when buyer looks at sellers and vice versa and nothing get traded. It was waiting, waiting, waiting n finally the day came .. Kian Ann, SMB, Juken were taken private or taken over Foreland shot up to 5 cts plus and Swing Media went all the way to 18.2 cts.   In all these counters the trends were more all less the same but in varying degree .. management was bullish, bottomline was improving, a fair dividend declared, balance sheet was good (except for 1), and trading below nav. If patience n faith were not there, one will never take up these type of counters and of course will have missed the profits too.   Just sharing and hope all will benefit from the different views expressed. To me this is the strategy i adopt and it has served me well. Used to do some punting and realised i was not good at it but the current way of investing seem to serve me better. All the best to all who are here!!!