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Have been holding and accumulating the past 3 years
Back to live liao, Directors hold alot though, especially independent directors
seen some buying over the last 2 weeks and today...appears like creeping by interested parties...anybody has any idea to share?
thanks...
terencefok ( Date: 25-Feb-2008 09:50) Posted:
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Good one here...PE only 4....
Hot from the press!!!!!!!!!!
Metal Components has just released its FY 07 results. Following are data extracted from the SGX announcement:
Revenue $102. million (-1.8%)
Net profit $3.58 million, ahead of my $3 million expectation by 19%, reversed a previous full year loss of $4.7 million.
Operaing cash flows continue to imrove generating $7.1 million from operations, compared with $5.45 million previously.Net cash per hare stood at 4.2 cents.
EPS 2.39 cents, NAV 16.54 cents
Dividend 0.1 cent per share.
Vested with 402,000 shares.
Huat arh!!! Seems like a birthday bash for me....haha.......
Hi tuntan8888, in response to your question on who could have bought from temasek and MMI the shares, its a married deal and buyers are Directors' of Co.
Anyway, very excited waiting for FY results. Hope for big surprises. Will post here again when results are out end of this month.
Vested
$0.26, 2x NTA
hi terrance
what's your tp for this stock? also notice victorian is monitoring this stock as well...
thanks!
Its hard-disk drive business could be potential buyout by private equity. BUT why 2 major shareholders, MMI & Temasek (Seletar Fund Investments) sold out in July. Wonder who are the buyers, no announcement.
http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/2f752b562b1c702e4825730a0027d14b?OpenDocument
http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/a42788cc7e26a106482573290019e55f?OpenDocument
Half year results are out, turn from $5.8m loss to a profit of $1.7m, Revenue grew 18.2% to $56m
Cashflows are still positive, improved results due to restructuring of loss-making Thai Ops.
EPS 1.31 cents, NTA $0.16
Management expects Co. to remain profitable for 2nd half and turn profitable for FY.
Vested with 402,000 between $0.13-$0.15
Touched the support line of 0.16. MFI trending up a little.
One large queue to buy 950 lots at 0.165, got BB supporting.
hi terencefok, appreciate your comment on Progen ?
Vol=1.8m for 17 july,
RSI(14days)=25%,
MFI(14days)=31%
Terence Fok, thank you very much. Appreciate it.
Support level at 0.18.
Hi rickytan
I would advise selling at 2x book value, i.e 0.26. It is not my practice to hold stocks at more than 2x book value.
As for the fair value, it depends on individual earnings forecast.
Hi terencefok,
May I know what is your target price to sell ? In your opinion, what is the fair value please ? Thank you.
Regards
to my surprise, this stock is still running
very good and informative post. Do trade with caution. Can tell that the BBs are very fierce here. Buy on dips.
No need to wait till end of the week. Today hit 0.20c liao!
Lots of buying. BBs supporting at 0.175 and 0.18. MFI moving up a little to 74 from 73. Very large buy Q of 2,000 lots at 0.175. Looks set to hit 0.20 by end of this week.