Federal - "Thoughts on the market."

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04 Jan 2014 14:42 #18503 by josephyeo
More on Federal :

1. Capitalisation : S$46,453,000 (based on closing price of 3.3 cts)

2. Profit for 9 months : S$6,303,000

3. P/E for first 9 months : 7.37 times.

4. Book order of S$38 mil. This is higher than it's 3rd quarter revenue of S$37.

5. 52 weeks high 4.6 cts.

6. Nav : 5.56 cts.

7. Likely to exit SGX watchlist status which will have positive impact on it's share price.

Just for info. Take care and trade carefully. Stock market is unpredictable.

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04 Jan 2014 16:15 - 05 Jan 2014 01:44 #18504 by ngcheeki

josephyeo wrote: More on Federal :

1. Capitalisation : S$46,453,000 (based on closing price of 3.3 cts)

2. Profit for 9 months : S$6,303,000

3. P/E for first 9 months : 7.37 times.

4. Book order of S$38 mil. This is higher than it's 3rd quarter revenue of S$37.

5. 52 weeks high 4.6 cts.

6. Nav : 5.56 cts.

7. Likely to exit SGX watchlist status which will have positive impact on it's share price.

Just for info. Take care and trade carefully. Stock market is unpredictable.


I noticed that the above computation is calculated based on enlarged number of shares (i.e. 1,407,675,433) after the completion of purchase for N-85 land drilling rig. The following is the additional detail on the transaction.

infopub.sgx.com/FileOpen/Federal-AcqnRig...cement&FileID=256339

Completion of Land Rig Acquisition

infopub.sgx.com/FileOpen/CompletionAcqnR...cement&FileID=267574

3. PE should be lower much lower than 7.37X with the conclusion of "gain" for the purchase of the land drilling rig. Based on the above announcement,

(a) The loss per Share would have reduced from approximately 3.40 Singapore cents to approximately 2.27 Singapore cents, assuming the Acquisition has been completed on 1 January 2012.
(b) The net asset value per Share would have increased from approximately 6.84 Singapore cents to approximately 7.61 Singapore cents, assuming the Acquisition has been completed on 31 December 2012.

In short NAV will increased by 0.77 cents and EPS will increase by 1.13 cents.

Note: The above estimation is based on FY2012 result with the shares of 916,043,490 shares.

Hence, the expected EPS and NAV should be a lot better!! :) :)
Last edit: 05 Jan 2014 01:44 by ngcheeki. Reason: Add in additional links to SGX announcements on land rig transactions

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05 Jan 2014 05:22 #18511 by josephyeo
Hi ngcheeki ... thanks for the additional details.
Rgds.

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06 Jan 2014 22:45 #18535 by ngcheeki
The Board of Directors (“Board”) of Federal International (2000) Ltd (the “Company” and together with its subsidiaries, the “Group”) wishes to announce that a subsidiary of the Group has secured an order of USD25 million (approximately SGD32 million) for the supply of flowline control and related equipment. Partial deliveries are allowed and the entire order is to be delivered within 14 months. The total orders secured by the Group to-date totals SGD70 million.

infopub.sgx.com/FileOpen/Federal-Secures...cement&FileID=269878
The following user(s) said Thank You: josephyeo

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07 Jan 2014 04:07 #18542 by josephyeo
Total order secured is S$70 mil as of today. This compares very favourably with the the total revenue of S$81.5 mil for the 9 months from Jan to Sept '13.

ngcheeki wrote:

The Board of Directors (“Board”) of Federal International (2000) Ltd (the “Company” and together with its subsidiaries, the “Group”) wishes to announce that a subsidiary of the Group has secured an order of USD25 million (approximately SGD32 million) for the supply of flowline control and related equipment. Partial deliveries are allowed and the entire order is to be delivered within 14 months. The total orders secured by the Group to-date totals SGD70 million.

infopub.sgx.com/FileOpen/Federal-Secures...cement&FileID=269878

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07 Jan 2014 06:02 #18543 by ontheball
Hi JosephYeo,

Thanks for your very useful posting about the 5 companies you are invested in. I read it with great interests and after a little research of my own, decided to buy some shares of Federal yesterday. I like the company's compelling turnaround performance. The announcement of the latest sales order is very positive and timely.

Once again, thanks for sharing your insights and keep up with the great work. Let's hope that the SGX release the company from it's watch list soon. Looking forward to your future postings.
The following user(s) said Thank You: josephyeo

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