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GMG Rocks!!! Sterling results!!! First time giving dividend!!!
Yes, much better than my forecast......think I forecast about eps 1.4cts... compared to actual of 2.13cts. This was mainly due to higher rubber production......55.7 K tonnes (2006) compared to 44.7 K tonnes (2005). Average selling price of rubber was inline with my forecast.
P/E is about 7X and P/B of about 1.18X, Yield 3.3% one tier.....which, even with the meltdown in today's market, you will be hard pressed to find valuations (P/E & P/B)like that.
As for 2007 forecast, apologies, will need abit more time to analyse....
To know more about the results and prospects of GMG can download this simple FACT SHEET from SGX webpage......
05:57 PM |
129 | GMG GLOBAL LTD MISCELLANEOUS :: FACT SHEET FOR FY2006 |
GREAT result! Way ABOVE analysts expectations. To know more about the company can read their analysts presentation materials in sgx webpage.....
shplayer, can you share your views on the GREAT result....how about FY07? Thanks.
GMG result is out!
Revenue up 70.8%!!
Profit after tax up 265.6%!!!
Cash at end of year 33.7m....compared to -4.89m!!!!
As expected, Rubber futures at TOCOM moved up very strongly today!
Also showing good prospects is rubber.................................Based on advance sales for first-quarter delivery, ribbed smoked sheet No. 3 (RSS3) rubber is being quoted at US$1,900 per tonne, compared with $1,600 last year................. FY 07 looks brighter than FY06!!
http://www.readbangkokpost.com/business/agriculture/bright_outlook_for_thai_farm_e.php
NYMEX CRUDE FUTURE break $61!! Expect NR to resume uptrend!
All looking good for the natural rubber pirce now. As oil price return back to above $60, natural rubber price will get additional push factor apart from the rapid growth of the automobile industry in China and India. Taking into consideration that rubber trees need at least 5 years to grow before any tapping can be done and the high plam oil price that discourage expansion of rubber plantation....GMG should benefit from all these factors and the share price will reflect all these soon....
Share price surged together with NR price!!
15cts now....touched 15.5 cts...BU:SD ratio 4.4 : 1
Last year result was only announced on 1st March....today is already 22nd...so don't have to wait very long. The result will be a record high for GMG.....
I'm already looking beyond the result and focusing on GMG performance in FY07! So far the NR price trend seem to be comparable to FY06, all look good. And if the story that the China and India automobile industry is going to grow at a compounded rate of 10% over the next few year, this stock should worth a lot more in few years time.
SGX requires FY results to be announced within 2 months of YE...so, latest 28 Feb...i.e. Wed.
hey stockking, ard when will they release the fy results?
I'm sure this is not "Cheap Trick" again!! Stay tuned for the release of the full year result!!
Another 1015 lots grabbed @ 1651 hrs (2 trades) @ 14.0 cts.
Sorry, missed out price done @ 14.0 cts.
Wow, 1905 lots in 2 trades (1000 lots + 905 lots) done at 1649 hrs.....looks like BBs in play.
Todays' push to 14cts not too cheap a trick...so far 1005 lots buy up at this price.
Tryiing Cheap Trick again.....1 lot bought from seller at 14.0 cts