Sapphire Corp

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12 years 2 months ago #8146 by Joes
Replied by Joes on topic Re:Sapphire Corp
Sapphire paid 1 - c final dividend last year. If they repeat it this year, it will be a good yield of 6+%. Can sustain cos the cash balance is strong.

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12 years 2 months ago - 12 years 2 months ago #8153 by yeng
Replied by yeng on topic Re:Sapphire Corp
At first blush, the 1-cent dividend should be affordable by Sapphire. In fact, they can afford to pay more.....

The relevant part in SIAS' report is :
Sapphire’s cash flow remains robust with S$6.1m and S$22.2m of operating cash flow before working capital changes for 3Q 2011 and 9M 2011 respectively. The company has also recalled S$35.4m of loans made to associates and affiliates thus far this year.
 
We updated our forecasts to reflect 3Q’s performance and the planned increase in investment in Special Steel over Weiyuan. However, we are maintaining our valuation at S$0.600 as per our previous update until the deal is finalized.

The valuation of 60-cents seems too optimistic (compared to stock price now of 18 cents) but he is entitled to his opinion. LOL.

You may view the entire report (very chim, I should say) at www.sapphirecorp.com.sg/misc/SAPP_221111.pdf
Last edit: 12 years 2 months ago by yeng.

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12 years 2 months ago #8162 by Dongdaemun
Replied by Dongdaemun on topic Re:Sapphire Corp
Question 2: Are you aware of any other possible explanation for the trading?

Answer 2 : The Company and the Board are not aware of any other possible explanation for the substantial increase in the price of the Company's shares today.

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12 years 2 months ago #8163 by Dongdaemun
A star is born.

Called Sapphire

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12 years 2 months ago #8164 by jameskuwe
Replied by jameskuwe on topic Re:Re:Sapphire Corp
Sapphire up to 21 cents now, up from 16cents yesterday. Almost 35% in one single day. Amazing! More than 3 million shares traded. Sgx inquired why but sapphire says don't know...

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12 years 2 months ago #8165 by Dongdaemun
Replied by Dongdaemun on topic Re:Sapphire Corp
SGX should call NextInsight -- who will say that it was James' 'fault'.
LOL

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