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New123 ( Date: 08-Aug-2013 12:04) Posted:
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21 Feb 2013 10:24
Maxi-Cash Financial Services Corporation Ltd is pleased to announce that it is proposing a bonus issue of up to 71,040,000 new ordinary shares in the capital of the Company, on the basis of 1 Bonus Share credited as fully paid for every 5 existing ordinary shares held by the shareholders of the Company as at the books closure date to be determined by the Directors for the purpose of determining the entitlements of the Shareholders. Fractional entitlements will be disregarded and disposed of in such manner as the Directors may in their absolute discretion deem fit for the benefit of the Company
I decided to take profit because in 2012 the same proposal 1 for 5 bonus it git max 48-50 cts only before ex bonus,at current price 48cts..if ex again will hit about 40cts again..it hovers 42-44cts before it shot up to 49cts high today
starlene ( Date: 06-Feb-2013 12:07) Posted:
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starlene ( Date: 04-Feb-2013 18:42) Posted:
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I don't care about Economy, more important is that business must have NO COMPETITION!What I mean is whether economy doing well or not Maxi cash still makes $$$-Maxi cash is a better bet than Fragrance and G.P hotel .GP hotel ipo 26cts still only 27cts today. Fragrance too many scrips now with 1 for 1 bonus so many times,Maxi cash just ipo at about 30cts and stay > 40cts when listed,just gave 1 for 5 bonus once only,more to come,typical of Mr Koh wee Meng/S
eng brothers
starlene ( Date: 02-Jan-2013 15:24) Posted:
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SJ volume n MACD chart indicating underlining gaining strength...on short term trading, still don pawn ur holding just yet. Throu...this stk is not on most players rader screen. Once players push n dump, then isit gd to take profit..Think, ur $$, ur choice n is very personnal.
http://www.sharejunction.com/sharejunction/openNewChart.htm?symbol=5UF
Just sharing info and my thot...players hav to go on rotational play...Haapi speculating.
Today trade summary: Monday - Dec 17, 2012
Maxi-Cash M Op-0.425 Cls-0.420c +0.005c +1.2% Trade volume changed 563,000
http://sg.finance.yahoo.com/q/ta?s=5UF.SI& t=6m& l=on& z=l& q=l& p=e10%2Cv& a=m26-12-9& c=
The spike in price traded does not indicated many has bot into it...(low volume - unlike mth of July 2012), and going into yr 2013, prices on short term may stay afloat for awhile B4 deciding on which way to go...?. If it spike again, then price may not be sustainable...
Pls do ur homework, n analysis.
(Note - This is my personnal view, different opinion is welcome 2share, to balance any info sharing for or against).
Happi speculating...
june_snowy ( Date: 02-Jul-2012 12:05) Posted:
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Recession,depression or fastgrowing economies..it will also benefit pawn broking biz-Maxi Cash.
Revenue 46,409 34,422 35%
Material costs (32,029) (25,660)
25%Employee benefits (3,608) ( 2,599)
39%Depreciation and amortisation (696) ( 494)
41%Finance costs (1,379) ( 740)
86%Other operating expenses (6,769) ( 4,743)
Operating profit 1,928 186 937%
43%Rental income 260 25
940%Other income 7 1 89
Profit before tax from continuing operation 2,259 300 653%
-20%Taxation (495) (10)
Profit for the period 1,764 290 508%
Profit attributable to:
n.mOwners of the parent 1,737 298
483%Non-controlling interests 2 7 (8)
1,764 290 508%
Profit for the period 1,764 290 508%
n.mOther comprehensive income for the period, net of tax
Total comprehensive income for the period 1,764 290 508%
Total comprehensive income attributable to:
- -Owners of the parent 1,737 298
483%Non-controlling interests 27 (8)
n.m1. Consolidated Statement of Comprehensive Income
Group
1(i) Consolidated Statement of Comprehensive Income For The Financial Period Ended 30 June 2012
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1,764 290 508%
Earnings per ordinary share (cents)
-Basic
0.72 0.13 454%-Diluted
0.72 0.13 454%Other information :-
1H 2012 1H 2011 Change
$'000 $'000 %
Amortisation of prepaid rent 234 143 64%
Depreciation of property, plant and equipment 462 351 32%
Listing expenses 788 - n.m
Foreign currency exchange gain (55) (81) -32%
Loss on disposal of property, plant and equipment 81 91 -11%
Manufacturing and melting loss 2 8 34 -18%
Rental income (260) (25)
n.m - Not meaningful
940%Gro
starlene ( Date: 12-Dec-2012 10:24) Posted:
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Review of Corporate Performance
14. Business Outlook
The Group continued to perform well in the first nine months of 2012. Revenue increased 14.2% from $62.6 million in 9M 2011 to $71.5 million
in 9M 2012.
Revenue contribution from the pawnbroking business rose in 9M 2012. The increase was primarily attributed to the higher interest income
from its growing pledge book and sales of unredeemed pledges. The retail and trading of pre-owned jewellery and watches business had also
registered healthy revenue growth in 9M 2012.
For 3Q 2012, the revenue of $25.1 million was 10.9% lower than that of the corresponding quarter in 2011 due mainly to the lower revenue
from the retail and trading of pre-owned jewellery and watches. The pawnbroking business continued to register higher revenue due mainly to
interest income from higher pledge book.
The retail and trading of pre-owned jewellery and watches recorded lower revenue in 3Q 2012 as compared to 3Q 2011 due to the record
revenue achieved in 3Q 2011. The surge in gold prices to an all-time high in August and September 2011 resulted in higher business volume for
the retail and trading of pre-owned jewellery and watches business in 3Q 2011.
Except for the one-off listing expenses of $0.8 million, the increase in operating expenses across all cost categories and other operating
expenses in 9M 2012 were largely in line with the increase in revenue for the relevant period. The leasing of additional pawnshops and retail
outlets in new locations in the last 12 months contributed to the increase in operating expenses such as rental costs, employee benefits
expense and depreciation and amortization expenses.
The higher revenue and gross profit lifted the Group’s pre-tax profit for 9M 2012. Pre-tax profit increased from $2.4 million in 9M 2011 to $3.9
million in 9M 2012. The higher pre-tax profit was achieved despite a one-off charge of $0.8 million for the Group’s listing expenses.
For 3Q 2012, pre-tax profit of $1.6 million was lower than the pre-tax profit of $2.1 million achieved in 3Q 2011, due to lower profit from the
retail and trading of pre-owned jewellery business which was partially offset by the higher profit from the pawnbroking business. The pre-tax
profit of $2.1 million achieved in 3Q 2011 was higher due to the surge in gold prices then.
In 9M 2012, the Group had incurred expenses of approximately $0.8 million for the setting up of additional pawnshops and retail outlets in
new locations and relocation of existing pawnshops and retail outlets. In 3Q 2012 alone, the Group incurred approximately $0.5 million of
expenses for the same purpose.
Excluding the abovementioned listing and new shop setting up expenses, the Group’s pre-tax profit would have been $5.5 million for 9M
2012 or $3.1 million higher than the pre-tax profit of $2.4 million for 9M 2011.
Similarly, excluding the expenses incurred for the setting up of new shops and relocation of shops, the Group’s pre-tax profit would
have been $2.1 million for 3Q 2012.
As the leader and innovator in the pawnbroking industry, the Group’s modern, professional and friendly store concept has been well-received
Page 11 of 12
I think can Buy Maxi-Cash today.
Entry: $0.445 to $0.455
Stop-Loss: $0.405
More on my Blog at Alex Trades.
Good luck.
have to be patient with such new counter :)
june_snowy ( Date: 04-Jul-2012 22:51) Posted:
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Bought this counter @ 0.475 on Monday but somehow it seems to lack to power to break $0.485.
Tomrw will be Thursday follow by Friday. Tonight Euro market don't seems jittery. Thought of cutting loss tomorrow.
Can anyone share with me your views or thoughts? Is the games over for this counter?
Going back to 0.47cts again
height00 ( Date: 02-Jul-2012 09:23) Posted:
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