World Precision Machinery

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10 years 5 days ago - 9 years 2 months ago #19759 by SWN
Attended the agm for this company this afternoon. Less than 10 local shareholders there. But the company is doing well and paying 1.25 cents dividend this year. According to one of the independent directors, this is a good S chip with consistent profits and dividend for the past few years but the market does not seem to notice it. Further more, the small free float (19%) of around 38 million shares make it even more attractive.
Last edit: 9 years 2 months ago by min1xyz. Reason: Correcting the name of the company
The following user(s) said Thank You: Garak

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10 years 2 days ago #19777 by SWN
Replied by SWN on topic World Precision Engineering
Read today's write up on the AGM.

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10 years 13 hours ago #19791 by Garak
Replied by Garak on topic World Precision Engineering
1Q2014 order book = 102 m rmb, an increase from 95 m rmb in Feb 2014. Will the uptrend continue?

The 52-week peak was 150 m rmb in April 2013, ie a year ago.

Now, World Precision is trading at about 7X earnings. Looks fairly valued, unless the orderbook rises sharply.

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10 years 10 hours ago #19792 by SWN
Replied by SWN on topic World Precision Engineering
The uptrend of orders will depend on the Chinese economy and I dont think it will be that bad.

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9 years 7 months ago #20887 by Garak
Replied by Garak on topic World Precision Engineering
The Group’s order book as at 7 August stood at RMB99.5 million.

this looks small compared to the 1H2013 revenue and 1H2014 revenue in excess of 440 RMB Million.

Could it be that they have short-term orders which come and are fulfilled quickly?

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9 years 7 months ago #20892 by SWN
Replied by SWN on topic World Precision Engineering
What about the latest disclosure on 26 Sep 14 where the substantial shareholder is increasing its shareholding by 26m to 73.85%? Any view on this move?

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