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81-100 of 100
| 1 | Date of Purchases | 20-06-2008 | |
| 2a | Total number of shares purchased | 100,000 | |
| 2b | Number of shares cancelled | ||
| 2c | Number of shares held as treasury shares | 100,000 | |
| 3a | Price paid per share# or | Currency : S$
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Currency : [Select Currency]
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| 3b | Highest price per share# | Currency : S$
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Currency : [Select Currency]
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| Lowest price per share# | Currency : S$
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Currency : [Select Currency]
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| 4 | Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# | Currency : S$
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just read the results. yah... good set. operating cashflow is still pretty positive....yah, 9c cash. mistake on my part.
crashed out badly personally in the 2rd half of the year and trying to get back my health.
vic, you are still around, have wondered where u were... anyway, i thought part of the reason this counter goes up is because it release a very good set of Q1 results and management is very optimistic about its future.
I calculated but the cash per share is 9cts, diff from yrs but still consider as very high
has 10c cash in the bank so counter is undervalued
Centaur ( Date: 30-Apr-2008 11:14) Posted:
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results out..
Back into the black, sales tripled as compared to past year.. dividend 0.5cts per share declared.
yup, quite a thinly traded counter with huge spreads of 2-3cts usually. Thats why, can always go up/down by a couple of cents.
13.5c or up 1.5c with increasing volumes over the last 3 trading days.
11m done since August 7 with tight price range of 11-13.5c.
With cash per share standing at 11c, net profits surging after 2yrs of losses and extremely positive operating cashflow $16m to be pecise, this counter is waiting to be discovered by the market at some point.
I recall during the july period, the counter attemptd to breakout 3 times past 18c but always hit large maret drops on those days...... 41m done between 14c to 17c so counter is pretty tight now in terms of float from my obsrvations & monitoring.
Watch for it in the coming 8 weeks
1.35m done today. 0.52m@S buyer price and 0.835m @ seller price.
Several large 100lot deals done. Counter waking up to its undervalueness.
Decent vol for a quiet day. Bottom fishing activities going on...
Analysis of 2nd Quarter 2007 results vs 2nd Quarter 2006
Revenue : $53,793,000 vs $24,141,000. Growth of 100%
Profit bf tax: $3,563,000 vs $283000 Growth: 1200%
Profit af tax: $3,072,000 vs $234,000 Growth of 1400%
Free operating Cashflow: $16.7m vs $8.3m growth of 100%
Cash per share: 11.4c vs 7.3c
Company is doing exceptionally well. Top-line went up 100%. Free operating cashflow also doubled. Cash per share up significantly. Lots of hiding of profit by buying lots of raw materials & consumerables. $42m vs $19.9m with large payables.
At 13c, stock is seriously undervalued at 1X book and 11.4c cash per share. I?m changing my 1.5x to a min of 2x to 2.5x book value over the next 6mths as long as they continue to generate such numbers. A blockbuster in the making.
Action Asia had a nice day today with buyers coming in to buy up from 12c to 14.5c to finally close at 13.5c with a 1c mark down at the last 5mins closing period.
0.04m@ buyer price and 0.34m@ seller price. Rebounded off its recent low of 10c to trade just at 1X book. Unaffected by meltdown again today. Price floor has been established.
Just saw that results was announced on the 8th August after market hrs. Going through numbers to check on top-line growth, operating cashflow and net profitability.... and to see if restructuring & CAPEX investment is at the end & CAPEX reduced. If good, then that would explain reaction from market plus the fact that there was 3 attempts to breakout in a meaningful way in anticipation of any strong set of financial numbers.
Action Asia Part III. Share Vol & Price patterns since March 16 2007.
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Freefloat latest year |
Shareholder report date in latest Annual Report |
Vol traded after latest AR 13 March 2007 till 080807 |
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80,025,600 |
13-Mar-07 |
136,423,000m |
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last 6mth Price Range from AR |
10 yr highs |
Share float from AR 13 March 2007 |
Share float Status from AR |
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0.095-0.18-0.125 |
3yr 50c 04 |
-56,397,400 |
Cornered |
As one can see, there has been
1. serious accumualtion of the stock since the published annual report in March 16. more than 131m done in the last 5mths (with the exception of last 7 trading days) hence stock is seriously cornered.
2. a price spread from 9.5c to a high of 18c and it hover between 15c to 17c for a few weeks in june before showing signs of a major break above 18c after 3 false breakout. One in 20 June and another in 14th July but broke down after the 1st sell down on 16thJuly and the last one 24th July with the 2rd selldown on the 25th July. If not for these two big sell downs, AA was poised to break just like Easttech, Metal component, Casa and CEI. *sigh*
3. To demonstrate how cornered this stock is now. From 29 July to 080807 or 7 market days just about 5m was traded or about 750 lots a day with the big selldown just generating 380lots. Pricemovements were very deliberartly by BB to create panic to induced forced selling in the last 3 days with deliberate shorts but bounced back yesterday 2 1/2c. If the stock was not cornered, the selling down in vol would be very pronouned like East Tech and any other top 30 speculatives.
4. In my opinion, this counter is one that will bid its time & will act when the time is right with the correct newsflow, results etc.
OCBC securities has a 4m margin cap on this, UOB KH has a C grade margin on this counter which means a single account has up to $1m with borrowed funds of $700k to fund injection of just $300k. For OCBC securities, at 4m, each margin account has margin access for 4m shares so at 15c, that's $600k in total with funding facilities of $400k for $200k cash. That's very serious firepower for the BB to tap on from OCBC and UOB KH.
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In conclusion, Action Asia has what it takes to be a good blockbuster in the 2rd half of the year.
a. serious liqudity ie funds from 2 major houses OCBC and UOB KH for BB and investing public
b. growing & highly growing operating cashfllow showing 2yr restructuring efforts are bearning fruit
c. proven evidence of serious shareholder action in the early accumualtion phase with 3 false breakouts... shut down by early US events.
d. MFI even at this stage is at 73.. showing money is in the counter.
e. the thin sell quotes above 13c ie 20lots, 50lots, 40lots truely shows a cornered stock that has been controlled by the BB downwards just to seriously play punk with ppl like me that has large positions and want to kick me out... hahahah similar situations like SMB earlier in the year, PTCL and Eng Kong. Nothing new to me.
Next week barring some stability in the US markets, I'm readying my guns for some serious averaging from my avg 15.5 cost.
till the next counter and all kudos to Rosanne, one of my research assistants who has done a good job doing the 1st cut research on this counter. Hulumus had a position on AA last year. What's your view now.
Action Asia Part II: Shareholder Analysis and 4 month trading patterns
1 Year Stock Price
High: 0.18 Low: 0.07
6-mth Stock Price
High: 0.175 Low: 0.09
Shareholder Structure
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Date: 13 March 2006 |
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Size of shareholdings |
No. of shareholders |
% |
No. of shares held |
% |
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1-999 |
4 |
0.31% |
941 |
0.00% |
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1,000-10,000 |
578 |
45.02% |
3,087,180 |
0.77% |
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10,001-1,000,000 |
671 |
52.26% |
59,074,980 |
14.77% |
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1,000,001 and above |
31 |
2.41% |
337,836,899 |
84.46% |
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Total |
1,284 |
100% |
400,000,000 |
100% |
Top 20 Shareholders
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Name |
No. of shares |
% |
Action in next period |
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ACTION ELECTRONICS CO. LTD |
204,189,310 |
51.05% |
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LAI PIN YONG |
25,090,910 |
6.27% |
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N.K. GOH ENTERPRISES (M) SDN BHD |
16,254,550 |
4.06% |
+ 9,221,360 |
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PENG WEN-CHIH |
13,500,000 |
3.38% |
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WATERWORTH PTE LTD |
10,500,000 |
2.63% |
|
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PENG CHIUN-PING |
8,252,730 |
2.06% |
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OCBC SECURITIES PRIVATE LTD |
6,073,000 |
1.52% |
+ 2,597,000 |
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UOB KAY HIAN PTE LTD |
5,603,000 |
1.40% |
+ 7,488,000 |
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DBS NOMINEES PTE LTD |
4,845,000 |
1.21% |
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FONG AH FOOK CIVIL CONSTRUCTION SDN BHD |
4,408,180 |
1.10% |
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DBS VICKERS SECS (S) PTE LTD |
3,866,000 |
0.97% |
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HSBC (SINGAPORE) NOMS PTE LTD |
3,215,000 |
0.80% |
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SHUNG WEN-CHIH |
3,090,910 |
0.77% |
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CITIBANK NOMS S?PORE PTE LTD |
3,040,000 |
0.76% |
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SUNFIELD PTE LTD |
3,000,000 |
0.75% |
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LAI-WEN-HSIN |
2,454,540 |
0.61% |
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WU JUNG-CHANG |
2,109,090 |
0.53% |
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CHEW THONG HIN |
2,000,000 |
0.50% |
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LIEN CHIEN-LIANG |
1,673,000 |
0.42% |
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KUEK BOON SENG |
1,525,910 |
0.38% |
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Total |
324,691,130 |
81.17% |
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Free Float |
75,308,870 |
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Note: All changes in shareholdings are only for the top 10 shareholders
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Trading volumes in the last 4 mths & 3 weeks
|
Freefloat latest year |
Shareholder report date in latest Annual Report |
Vol traded after latest AR 13 March 2007 till 080807 |
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80,025,600
Starting coverage on Action Asia on a weekly if not daily basis considering this is a stock that attempted to break 3times out of 17.5c in the last 6 weeks but failed for market reasons like the 4 major selldowns. MFI currently stands at 73.. shows money still in the counter & a tightly held counter now.
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Action Asia Ltd Core Business Action Asia was founded in 1987. It is an investment holding company and has subsidiaries in Malaysia, China, Hong Kong and Singapore. Its principal activities are the design, manufacture and assembly of audio and video entertainment products incorporating innovations such as Thin Film Transistor-Liquid Crystal Display (TFT-LCD) technology and can be categorised into mobile entertainment products and portable indoor and outdoor products. Mobile entertainment products are mainly used in automobiles and commercial vehicles while their portable indoor and outdoor division produces for homes and hospitals. Its sales are primarily derived from US and are sold mainly to customers who in turn sell them to automobile manufacturers/dealers, automobile accessories dealers and hypermarkets in the US.
0.17
Shares outstanding 400,000,000
68,000,000
2006
21,436,000
78,186,000
3,796,000
15,017,000
-909,000
-6,490,000
-930,000
-2,819,000
17.7085%
19.2068%
-4.2405%
-8.3007%
-4.3385%
-3.6055%
13.00
13.17
-0.29
-0.90
-1.6965%
-5.0754%
0.5
3,251,000
375,000
-108,000
-2,009,000
0
-5,223,000
0.0731
0.0654
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