Spindex Industries - 5% Yield, P/E 7, 40% discount to NTA

starbugs
Topic Author
Offline
New Member

14 years 3 months ago #2461 by starbugs

Spindex Industries - 5% Yield, P/E 7, 40% discount to NTA was created by starbugs

I recently saw this under-valued stock called Spindex, which is under-valued. The dividend track record for Spindex is: 2007: 1.4 cents per share 2008: 1.5 cents 2009: 1.4 cents Spindex has 18 cents cash per share and little debt. Any comments or discussion appreciated. Share price now is 28 cents.

Please Log in or Create an account to join the conversation.

sam
Offline
New Member

14 years 3 months ago #2464 by sam

Replied by sam on topic Re:Spindex Industries - 5% Yield, P/E 7, 40% discount to NTA

Spindex is a well-run company favoured by the audit community but it hardly moves. It is good for a yield play only.

Please Log in or Create an account to join the conversation.

starbugs
Topic Author
Offline
New Member

14 years 3 months ago - 14 years 3 months ago #2864 by starbugs

Replied by starbugs on topic Re:Spindex Industries - 5% Yield, P/E 7, 40% discount to NTA

SpindexÃ¢â¬â¢s 1H10 results are just out: info.sgx.com/webcoranncatth.nsf/VwAttach...2010.pdf?openelement Revenue increased 1% year-on-year and 71% compared to 2H09. Net profit increase 10% year-on-year and 49% compared to 2H09. Net cash per share increased from $0.180 to $0.186 even after paying $0.014 per share in dividend for FY09 Trailing PE is 5.6 and annualized PE is 4.7 Net tangible asset is now $0.4665 per share Share price is just $0.235 (50% discount to NTA)

Last edit: 14 years 3 months ago by starbugs.

Please Log in or Create an account to join the conversation.

Pharoah88
Offline
Elite Member

14 years 2 months ago #2914 by Pharoah88

Replied by Pharoah88 on topic Re:Spindex Industries - 5% Yield, P/E 7, 40% discount to NTA

WHY company is UNable to RE-INVEST CASH and also NOT Distributing CASH? :silly: Earnings per share is probably low ? :unsure:

Returns on Assets is probably low ? :unsure:

Gross Margin is probably low ? :unsure:

Fixed Overhead us probably HIGH ? :unsure:

Net Margin is probably low ? :unsure:

Dividend Yield is NOT that attractive Relatively ? :unsure:

Share Price appreciation is NOT realisable ? :unsure:

In terms of Yield, TeleCHOICE is one of the BEST CHOICES. starbugs wrote:

SpindexÃ¢â¬â¢s 1H10 results are just out: info.sgx.com/webcoranncatth.nsf/VwAttach...2010.pdf?openelement Revenue increased 1% year-on-year and 71% compared to 2H09. Net profit increase 10% year-on-year and 49% compared to 2H09. Net cash per share increased from $0.180 to $0.186 even after paying $0.014 per share in dividend for FY09 Trailing PE is 5.6 and annualized PE is 4.7 Net tangible asset is now $0.4665 per share Share price is just $0.235 (50% discount to NTA)

Please Log in or Create an account to join the conversation.

starbugs
Topic Author
Offline
New Member

14 years 2 months ago #2928 by starbugs

Replied by starbugs on topic Re:Spindex Industries - 5% Yield, P/E 7, 40% discount to NTA

This company is one of those low profile low liquidity counters, a bit like Techcomp. It has a very similar business model to Amtek Engineering, which was taken private about 3 years ago. In terms of gross/net profit margin, ROA, ROE, FCF, EPS and dividend yield, Spindex compares very well (if not better) compared to its listed peers like FischerTech, Innovalues and Miyoshi. I would encourage you to look at Spindex\'s past financial results to form your own opinion.

Please Log in or Create an account to join the conversation.

Time to create page: 0.211 seconds