BAKER TECHNOLOGY. 0.5x BV . NET CASH $116 MILLION .

More
12 Oct 2016 15:00 #23308 by BULLSEYE88
BULLSEYE88 replied the topic: BAKER TECHNOLOGY. 0.5x BV . NET CASH $116 MILLION .
IT IS A BUY NOW

Please Log in to join the conversation.

More
14 Oct 2016 07:20 #23315 by BULLSEYE88
BULLSEYE88 replied the topic: BAKER TECHNOLOGY. 0.5x BV . NET CASH $116 MILLION .
CRUDE OIL SUGES TO $50.62

BULLSEYE88 wrote: When it comes to actually doling out the cash, Baker Tech has also proven to be no slouch. For the period of FY2012 to FY2015, dividends paid and declared totaled about S$148 million. This includes FY2012 and FY2013, when the company distributed S$132 million in total to shareholders, funded partially by proceeds from disposals of York Transport, PPL as well as Discovery Offshore. It has also paid no less than 2.5 S cts per share in dividends (adjusted for the 5 to 1 share consolidation in 2016) since FY 2008. By comparison, the company's shares currently trade at just S$0.555 for a market capitalisation of S$112.6 million.


Being in the oil and gas services industry, Baker Tech has not been spared the negative sentiments permeating from Swiber’s initial winding-up announcement after market closed on 27 July 2016. Over the next 7 trading days that followed, Baker Tech’s share price plunged 14%. Although other oil and gas services counters such as Ezra (-23%), Ezion (-12%) and Swissco (-25%) experienced similar sharp declines, Baker Tech stands out as it has a much stronger balance sheet. While the aforementioned oil and gas services companies all sported high gearing levels, not only is Baker Tech debt free but it also has a cash pile of S$113.2 million in addition to another S$7.8 million in corporate bond holdings. This gives it a net cash backing of S$0.558 per share, slightly higher than its last traded price of S$0.555. Adding the corporate bond holdings will give it a mostly liquid asset backing of almost S$0.596 or a 7% premium over its current share price.

Please Log in to join the conversation.

More
14 Oct 2016 16:31 #23316 by EquityTrader
EquityTrader replied the topic: BAKER TECHNOLOGY. 0.5x BV . NET CASH $116 MILLION .
Baker Technology Limited manufactures and provides equipment and services for the oil & gas industry. The Company's products include offshore pedestal cranes, anchor winches, skidding systems, jacking systems and raw water tower structures.

Right Now is a Great Movement On There Between - 0.665 TO 0.75 ...

So Buy Level now 0.665 . ..

Get more suggestion with us - www.equityprofit.com

Please Log in to join the conversation.

More
01 Dec 2016 16:04 #23395 by BULLSEYE88
BULLSEYE88 replied the topic: BAKER TECHNOLOGY. 0.5x BV . NET CASH $116 MILLION .
BUY AND ACCUMULATE THIS GEM

Please Log in to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings3.0700.010
Alliance Mineral0.3500.010
AusGroup0.036-0.001
Avi-Tech Electronics0.460-
Best World Int.1.340-0.020
China Sunsine0.900-0.005
CWG International0.1500.002
DISA Limited0.014-0.001
Dutech Holdings0.340-
Federal Int. (2000)0.400-0.020
Food Empire0.6550.010
Geo Energy0.2550.005
Golden Energy0.385-0.005
GSS Energy0.1680.012
Heeton Holdings0.565-
ISOTeam0.340-
KSH Holdings0.780-0.005
Lian Beng Group0.700-0.010
Miyoshi0.075-0.001
Nordic Group0.5550.015
Oxley Holdings0.625-0.010
REX International0.054-0.001
Riverstone1.030-
Roxy-Pacific0.540-
Serial System0.165-0.005
Sing Holdings0.450-
Sino Grandness0.2050.005
Straco Corp.0.815-0.005
Sunningdale Tech1.8700.010
Sunpower Group0.5100.005
The Trendlines0.1480.001
Tiong Seng0.380-0.015
Trek 2000 Int.0.280-
Uni-Asia Group1.230-
XMH Holdings0.240-
Yangzijiang Shipbldg1.5200.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 833 guests and no members online