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Why is the price going down? Is the result going to announce wil be bad? Any advise.
Mr Goh buy from open market
| 1. | Date of change of Interest | 15-01-2008 |
| 2. | Name of Registered Holder | Goh Leng Tse |
| 3. | Circumstance(s) giving rise to the interest or change in interest | Open Market Purchase | |
| # Please specify details |
| 4. | Information relating to shares held in the name of the Registered Holder | ||||||||||||||
|
Yes. Agreed it is a good... great buy.
| Date of buying | No. of shares bought | |
| Tiedemann Global Emerging Market LP | 23-11-2007 | 984,000 |
| 7-11-2007 | 1.143 m | |
| 29-10-2007 | 453,000 | |
| 10-10-2007 | 1.889 m | |
| 04-09-2007 | 6.1 m | |
| Goh Leng Tse (Chairman and CEO of Innovalues) | 13-12-2007 | 1m |
| 05-11-2007 | 500,000 | |
| 10-10-2007 | 500,000 | |
| 16-08-2007 | 500,000 | |
| Atlantis Investment Management Ltd | 04-09-2007 | 1.871 m |
| 20-08-2007 | 1 m |
source:
http://www.nextinsight.com.sg/content/view/179/55/
on the way up.
I bought. I hope I didn't make bad choice. Do rally upwards next year.
Good time to buy. Details http://www.freewebs.com/henryhts
This counter went all the way down to 5year low after fund managers sold over last few months.
Now that the 'bottom' seems to be formed and Chairman buy and buy, perhaps this is good time to buy and keep for intermediate terms.
Good luck
Mr Goh buy from open market
nice turn, many indicators showed bullish signs.
It seem like base is forming... Check it out.
I fully agreed with left_bug. I would buy even if dropped to 0.2.
The trend will be going down further.
extracted from Kim Eng.
INNOVALUES
2H 2007 Weaker Than Expected, But The Weak Share Price Performance Seems To Have Priced In
A Good Part Of This; 2008 Is A Recovery Year
S$0.27-INNO.SI
The company gave a profit warning last night, expecting
2007 performance to be weaker than 2006
performance due to the weaker than expected
peformance of the HDD operation in Thailand,
weakening of the US$ against Asian currencies,
restructuring charges of their Malaysian operations
and cost increases to prepare for future growth of
the automotive business. However, bottomline will
remain in the black for 2007.
In our meeting with management this morning,
management disclosed that 90% of their sales is in US$
while only 30-35% of their costs is in US$, hence the
weakness in the US$ against Asian currencies resulted
in a $3mln forex loss in 2H2007. Management intends
to do some form of hedging next year and have
budgeted their US$ exchange rate at a more
conservative rate for 2008.
The production yield of their new hard disk drive
customer Samsung was also lower than expected due
to the learning curve effect and high requirements
made by Samsung. This resulted in a $1mln loss.
Management revealed that the production yield has
increased from 60-70% to currently at 85%, hence
this operation will turn around next year. Currently
they are running at about 300,000 units per month,
but management is hesitant about expanding the
operation as they have set certain conditions for
Samsung such as minimum volumes, stable pricing, raw
material price adjustments depending on the
movements and favourable payment terms before they
are willing to commit for further expansion. Samsung
is currently deciding on their terms.
The discontinuation of their old hard disk drive
customer Minebea resulted in a $835,000 provision
due to inventory write-off.
Their plant in Malaysia (Pasir Gudang) faced high
rejection rates due to production yield issues, hence
management will be restructuring this plant to move
production to Kluang (Malaysia), China and Thailand
which will result to a restructuring charge of $2.3mln.
Slower than expected ramp up in demand from their
new customer Hilite has resulted in automotive sales
falling short by $4-5mln in 2H2007 and start up costs
of $251,000. Management expects this customer to
start contributions sometime in early to mid 2008 as
this customer relocates their supplier base from
Canada. This customer is expected to contribute to
2008 sales in the region of US$3-4mln.
The higher raw material price has also negatively
impacted bottom-line by $800,000 in 2007, but there
are signs that the price is stabilizing.
As a result, 2H2007 bottomline performance will be
negatively impacted and will range around the
breakeven level.
Looking ahead into 2008, management remains
cautiously optimistic of prospects citing the continued
growth of their automotive division, underpinned by
the outsourcing of Sensata's production of brake
sensors, occupant weight sensors and auto pressure
transducers to Asia (from US and Europe) as well as
new contributions from Hilite as they relocate their
production to Asia. The automotive division is
expected to grow 50% to $50mln in 2008.
The office automation division will see stable demand
from HP, but new contributions from Lexmark, and
higher demand from Xerox and Kodak. The office
automation division is expected to grow 18% to
$95mln.
The hard disk drive division while not contributing much
to top line will turnaround on the bottom-line due to
absent of writeoffs from Minebea and turnaround of
Samsung.
Coupled with the absence of restructuring charges,
provisions and writeoffs, we are expecting 2008
bottom-line to potentially double to $12mln from
$6mln in 2007.
At its last traded price of 25.5 cents per share, market
cap is $81mln, forward PE of 13.5x would decline to a
prospective PE of about 7x. Price to sales is 0.6-0.7x
while price to book is 1.28x. These ratios are not far
from its all time lows in the last 5 years. Since hitting
its high of 90 cents in mid-May '07, the stock has been
dropping consistently to this morning's low of 25 cents
on the back of its disappointing 1H2007 performance,
funds selling (Lion Capital, ARN Capital, and
Wasatch Advisors) and disappointing 2H2007
performance.
While the stock may remain weakish ahead of its full
year 2007 results announcement, we would be looking
to accumulate the stock especially closer to its book
value of 20 cents per share given that the company is
still profitable, prospects for the next year would be
promising given their dominant position in the critical
automotive safety devices market segment where
competition is limited to only a handful of players in
Asia, growth in the office automation business,
turnaround of the hard disk drive business, absence of
writeoffs & restructuring charges, bottomline recovery
and bombed-out stock price.
Daily Review, 23 November 2007
why didnt anybody charge for insider trading???
My goodness. HDD sector is a small part in their business. They move
into automotive long ago. USD is only exchange lost unless they do some
risky stuff with it. I think the problem lies within their Malaysian
operation which they did not elaborate further. If its operation then
its a big problem. I most probably will not get in again even it drop to 0.2
until they clear this up. Of course I will be tempted if it go down to
0.10
oh no, another profit warning....
finally we know why dropped.... all those big institutions knew in advance; is this insider trading?
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C5D971189372C7874825739B003B7D9B/$file/ProfitGuidanceFY07.pdf?openelement
In No Value to reach 20c soon, so invest at that time. A potential stock with profits earnings but miserable performance in their share. Weirdo.
Drop somemore today, really have to wait until 20c
from shareinvestment data, around end oct, stock is around 44 cents, at that price, PER=10.2, Div about 3.4%, at today price, PER become less than 7, Div become about 5%. This first half year div was 0.5 cents, second half should be much higher.. Margin 11.12%, ROE for last several years is in higher than 20% for 2003, till 2006. So does these sound ok for BUY?