Special Situation stocks

BNN
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4 years 10 months ago #24778 by BNN

Replied by BNN on topic Special Situation stocks

Powermatic full year FY 2019 -- solid profit growth of 55% and operating cash flow. On top of that, sitting on a freehold property that is a big chunk of its NTA.

8 cent dividend declared -- higher than 7 cent in FY18.

Share price $1.65 so yield is almost 5%. Much better than FD rate of 3 to 4.5% per year with large upside potential for capital gain.
Better still, if it gets privatised (perhaps at $2.60)

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BNN
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4 years 10 months ago - 4 years 10 months ago #24785 by BNN

Replied by BNN on topic Special Situation stocks

sharing excellent post from valuebuddies.com

P10 of FY2019 results certainly looks interesting:

(Revenue)
1H2019 $8.709m 2H2019 $12.245m --> (yoy increase 48%)
1H2018 $7.785m 2H2018 $8.261m

(Profit)
1H2019 $2.825m 2H2019 $4.170m --> (yoy increase 106%)
1H2018 $2.496m 2H2018 $2.020m

Looks like the race by many countries to speed up 5G development is certainly benefiting PM Data's wireless business.

Cash & financial assets ($41.52m) and property ($17.07m), adds to a total of $1.69 per share , without including revaluation gains on their freehold property or any value to their wireless business which is now generating close to $7m profit per year.

This little 'powerbank' just keeps charging shareholders bank accounts

Last edit: 4 years 10 months ago by BNN.

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bluesky3000
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4 years 10 months ago #24788 by bluesky3000

Replied by bluesky3000 on topic Special Situation stocks

Agm hardly reveal much stuff, everything is too vague

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Val
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4 years 10 months ago #24810 by Val

Replied by Val on topic Special Situation stocks

REX has completed divestment for US$45 million but stock price is slow to react. still at 7.2 cents. Market cap S$93 million which severely undervalues the company as it is even lower than the sum of:

Divestment US$45m.
as at end-1Q19 .... cash and cash equivalents at US$3.3 million
quoted investments at US$27 million. .

Total already S101 million.

Zero value given to huge huge Oman oil assets and REX technology.

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BNN
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4 years 9 months ago #24834 by BNN

Replied by BNN on topic Special Situation stocks

Oxley's boss, Ching Chiat Kwong, has resumed buying shares of United Engineers.

4,772,400 shares
for S$12,312,792

Average price: $2.58

He now owns 142,801,100 shares = 22% stake in United Engineers.

What's his game plan?

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BNN
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4 years 9 months ago #24851 by BNN

Replied by BNN on topic Special Situation stocks

Someone is patiently accumulating Powermatic around $1.75. Truly a value stock.

Cash & financial assets ($41.52m) and property ($17.07m), add up to a total of $1.69 per share --- without including revaluation gains on their freehold property or any value to their wireless business which generates close to $7m profit per year.

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