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Fellowship of the Shares

ahhh!! shplayer, you too?

do take a look and let me know what you think. ARs are still quite a struggle for me to read.

But yes. from the little i know, cash flow is positive in all segments (they split worldwide sales), at least 11% increase in profit, they've reduced debt (according to my reading, pls check ah), and they are liquid. also shifting manufacture to somewhere cheaper...can't rem which country offhand tho. basically, my reading was reduced costs, increased profits, better production capabilities. from NAV of 19.6, that's a book to price ratio currently of 1.35x. PE of 11.4x might be a bit high,  but my sense is that they will announce increased profit (>11% qoq), which will justify rerating in Aug.

but techwise is very interesting: float of 220mil, directors been converting. very, very strong support at 25c. yesterday had 1000 lots support there. So yes, i do think something's up. The upside is to 38c from a perfect wave count, but ksw does a right graphical shift (further indication of support), so max i'd count is 41c.

will expect to ride out the stale bulls at 31c tho. and someone's been buying it up!!! was keeping it nice and slow at sub 26, but someone got impatient and whacked the 26-26.5. >~< i personally wouldn't pay above 26 for this guy lor....since if want to bail out at 31c IPO price, the upside is not worth.

 

orhh....i have a poddie already. i like to keep my gadgets separate. and small and slim and sleek. keke.

hmm...where have i been...in elfin land, of course. the world revolves around meeeeee!

haha. :P

sian....can anyone recommend a good phone? all i want is something slim, small and lightweight. can call, sms, calendar, nice ringtone/pics, can already. the smaller the better. i like to travel light. haha.  

money creeping in w/o notice: yea. at first i read the counter, i thought, wah, sure another red day. but then, the time of the sales. techies, go see the busd. they're consistently abt 30sec apart for the sell downs. which means passive accumulation: ie, someone's mopping up the retail sells. that's why chaikin has been going up. but i'm entirely unsure tho. a bit puzzled really. damn speculative counter. >~<  

 

Hey elfie,

Didnt know you were eyeing Kings SW.........was looking at it some time back....was in a turnaround situation.......but have not tracked it since.

Must review FA and share notes.

 

 

Okay okay, yes, there's accumulation going on definitely with Gems, money is creeping in without notice, which means...

iPhone, you know...ipod...the thing now many people are now using, you know....??? the one that would finally become a phone???  where have you been???  :)

vertu???  super heavy, and slow.  Elfin's monthly income must be good, this I know now.

 

 

well bro, you gotta admit the techs look as tho something's going on. you're the short term trader, you tell me. keke.

eh? short battery life? heavy? dang, but it looked so pretty. (same reason why i got the vaio....hahahahaha.). was thinking of the vertu but i don't like the diamonds on the back cover. how awful!!

what's the iPhone...there's this little cute one, sold only in bangkok, the i mobile 310. interested viewers can go google it and see. keke. if you buy it in BKK direct, it's abt $90. can get it from yahoo at abt $150 sing....that's the other one i'm considering. small and cute.

yeayea, very bimbo. haha.

 

Inducement to hope? :)

Sirocco is nice...but has short battery life, and it's pretty heavy.  I'm waiting for iPhone.  Ahhh.

 

singaporegal, would like your opinion on gems? appears to be mixed signals. note to all, not an inducement to hope ah.

 

hm...thread runs very fast. didn't reply to posts from a day earlier...as follows:

choohian, no prob. always glad to help. :)

If you're looking for slow growers/divvie plays, apart from SPC, you could perhaps look at one other counter elf is eyeing: king's sw.

FA-wise, EPS increased from 1.22 to 2.32. NAV is at 19.6c. last done was 26.5c. Their divvie last declared was 1.1c. So abt 4% yield. Just under SPC's yield of abt 6.6% at last done px.

Play on this counter since feb. There's very strong support for this counter at 25c. So perhaps try to get it below 26c. 25.5 is a viable bet. Needs to be hunted tho. another cornered floater. 220mil float only. top directors have been converting their options (see SGX announcements). Their IPO was 31c. so even assuming a rerating to 31c, from 26c, there's an upside of 19% possible. The tech upside gives the count actually to 38-41c.

So basically, what you get with this counter will be dividend yield plus chance of capital upside. note, slow grower tho. so don't expect any sexy fast TA upspike. keke.

Do consider the reits if they fall in px too! keke. babcock and brown is an extremely overlooked counter in this area. macqinf too. the latter has a clause where the managers only get bonus if they deliver 8% div returns or higher. so there's incentive on your mgmt to perform. haha. i would suggest getting out of reits by the time of the beijing olympics tho. by then, some other industry shd be in play.

 

eastonbay! i'm still confident that StA will hit the target i called earlier. 1.82.  I am also confident that it will be extremely volatile. anw, (typical singaporegan guy!! meh) ya don't gotta worry, elf prob gonna get a new hp herself soon. considering the nokia 8800 sirocco. if anyone has any opinions on how it's like, do let me know.  :)

ooh yea, spas. in a pinch, just give me nice hot water and a tub will do. preferably some rose petals etcetc. *splish splash* 

keke.

 

sporegal

I can do massage for u,free of charge.

 

 

I suppose the Bollinger Bands will always remind one of watching one's diet! ... :)

 

My waistline is one secret I will not reveal in a public forum....  

 

Hi chinkiasu,

 

Wow... you know the boss of Andana??

If I remember correctly, the cost per day in Andana Spa is around $80 for use of spa, massage and free flow of food and drinks. While the food, drinks and spa is nice, the ultimate experience for me is still the massage. Unfortunately, it lasted too short....

I know there are other lesser known spas that cost $50 for a 1 hour massage.

 

 

Thanks Eastonbay... :)

Maybe one of these days I may  go caravaning in the English countryside.. :) 

 

ipunter: there are 2 kinds. One looks like a giant van with cabin attached. The other kind is a separate cabin towed by normal cars. The second kinds is trickier because driver needs to allow for bigger turning diameter and constantly remind themselves that there is an attached 'thing' to their car. However, it is handier when one reaches the campervan park. They can then park the separate cabin in the park and just take their normal cars into the city, like leave-baggage service.

 

Chinkiasu...

I thought a caravan is a 'cabin' which is towed by the main vehicle? 

 

haha. on the subject of a DJI correction, elf will leave it to singaporegal, or perhaps a better candidate, rayphua to answer.

on the subject of 'tackling' and waist size speculation however, the elf politely declines the generous offer on singaporegal's behalf.

haha.

cheers to you, singaporegal! *hugs* :)

 

Cashier... :)

So you are still okay and good-looking...

Maybe Singaporegal may want to 'tackle' you one day... :)

 

nah not that fat.. so abit bigger than norm.. serious!

 

Cashier...

hahaha... now I know you are a "fatty" ... :)

 

singgal waist also thight tight mah thats well she like tight bollinger band.. got waist got bollinger band.. but if breakout from bollinger band than will become my waist!