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9 stocks riding high: FRASERS, INTRACO, SARIN, JAYA, SELECT, VIZ BRANZ, etc
teeth53 ( Date: 08-Jun-2012 14:39) Posted:
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To know the reason, we can only guess that maybe Intraco owns substantial shares in some company that cane be taken over for big gains. I suspect it may have a company e.g. Hanwell which if taken control off can benfit him because of its low market price vs its net assets. Once a company is attractive, it is proftable to buy and delist it for its liquid and other assets, goodwill and business.
teeth53 ( Date: 08-Jun-2012 14:39) Posted:
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| Op-0.580 | Last Done-0.540 | -0.055cts | -9.2% | Volume changed hands-745,000 |
The transaction worked out to 62 cents per share, prompting mkt to chase Intraco stk up to nearly 60 cents from 30 cents or so that it has been stagnant at for the past four or five years.
Would by any BBs traders, investors..who got profit - don run first..??. Com'$en$e profiting 1st.
i din see any BB leh....think BB not into this.
What will BBs likly to do??. take profit and run, then buy again from open mkt - cheap cheap??.
ozone2002 ( Date: 08-Jun-2012 13:31) Posted:
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In the latest news, last night Intraco said Oei Hong Leong, the billionaire investor, has become a substantial shareholder with a 21% stake through open market purchases of 6,780,000 shares at S$0.5003 per share and a married deal for 14,047,323 shares at S$0.50 per share.
What does he see in it? Intraco suffered a net loss of $7.1 million last year after ekeing out a pathetic $378,000 in net profit in FY10.
teeth53 thot: Make me think of IPC, where 2 BBs bot up the offered shares.
ozone2002 ( Date: 08-Jun-2012 08:57) Posted:
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55c.. going to reach OHL buy price soon..
cross fingers :)
gd luck dyodd..
one more of OHL's baby..
looking to go in below his buy price of 50c..
don't chase with the herd.. get trampled in the end..
dyodd gd luck!
Very disappointing! When most companies reported an improved H1 '10, Intraco reported otherwise. Both TO & NP dropped by 13.3% & 85.3% respectively. Cash & cash equi dropped by 31.82%, from $35.768m to $24.385m.
What is your view?
Cash & cash equi backing per share after dividend paid for fy 09 is about 35 cts. If it does not need so much cash for business purposes, it should distribute some of the cash to its shareholders; just like what it did in 2001 (11 cts per share were paid on 3/12/2001) & 2002 (50 cts were paid on 9/7/02).
What's your view?
Agreed with points (1) & (2) except point (3) because according to fy report, $20.444m are in FD with banks & $15.324m are cash at banks and in hand. These figures can be verified easily by auditors.
However, I wonder why they have to keep so much cash, esp the interest rate is so low.
Agreed. Reminds me of Fibrechem actually, where they had lots and lots of cash sitting around on their B/S doing nothing. Turns out the cash wasn't there. 3 possibilities here imho,
(1) Management has plans it is not revealing
(2) Management likes sitting on cash, which is bad for investors as it can be better reinvested elsewhere.
(3) Fraud as in Fibrechem.
I'm not sure about the nature of the business, and there may well be other reasons its holding the cash. But just want to make the point that having lots of cash on the B/S does not by itself make this a good stock to hold.
trader9988 ( Date: 28-Feb-2010 10:09) Posted:
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base on yr data....look like value stock....trading at 61% to nav...assuming one can buy out all the outstanding shares at last price of 30.5 cts... wow can lay hands on the 36.36 cts cash & equi.....after deduct purchase at 30.5 cts.....equivalent to ard $0.586 X 98635879 = $5.78 million......
However, management only givin out only 1 ct dividend(abt 3% yield)= $0.98m when they hv so much cash of 36.36cts= $35.8m....nt sure why they leave so much cash idle & better to give out as dividend if they unable to utilise this cash to good use to increase profit.....understand gross profit margin razor thin less than 10%.....to me this imply their pdt/services no pricing power...and also suffer frm low liquidity due to small float less than 100m shares....if you are trader , you wont touch this counter as you will face problem to sell later...if you are investor.... well personally i will give it a pass
my 2 ct views only ...
Fy 09 report was out on 26/2/10 (Fri) after mkt close. EPS = 3.15 cts; Div = 1.0 ct; NAV per share = 79 cts comprising 36.26 cts cash & cash equi (based on cash & cash equi of $35.768m and 98,635,879 shares).
Intraco share closed at 30.5 cts on 26/2/10. Your opinion on this counter is appreciated.
How about share split? Any restriction?
2:1 or 3:1 bonus issue will solve all the problem! SGX approval and carrying trade and other high cost is one of the obstacle!
ohm136 ( Date: 17-Feb-2010 00:43) Posted:
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Based on 1H09 financial report: NAV PS =78 cts; Cash & cash equi = $33.034m, ie of the 78 cts 33.49 cts (33.034/98.635879m shares) are cash & cash equi. Comparing these figures with Intraco last closing price of 30.5 cts, I think it is a good buy, if you intend to hold it for a long time due to liquidity problem.
By the way, I think very few, if any, listed companies with the no. of issued shares of less than 100m and par value = 50 cts. Therefore sgx/Intraco mgt should try to resolve the liquidity problem.