Straco -- gem?

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28 Sep 2015 18:56 #22532 by Rock
Replied by Rock on topic Straco -- gem?
Straco share buy-back 49,000 shares, low 85 cts and high 88 cts out of total trading volume of 49,600 shares done today.

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08 Oct 2015 17:53 #22562 by Rock
Replied by Rock on topic Straco -- gem?
STRACO SHARE BUY BACK
Straco since May 2015 had been actively buying up it's shares in the market. Trading volume in Straco were very low. Most of the trading done were share buy back by Straco.

12/5/2015 - 20k shares @ average price $1.03
14/5/2015 - 200k shares @ average price $1.04

6/7/2015 - 500k shares @ average price 95 cts
8/7/2015 - 1.5m shares @ average price 94.5 cts

17/8/2015 - 186.6k shares @ average price 96.75 cts
20/8/2015 - 600k shares @ average price 92.4 cts

4/9/2015 - 28.9k shares @ average price 89.3 cts
22/9/2015 - 100k shares @ average price 87.6 cts
28/9/2015 - 49.6k shares @ average price 87.6 cts

1/10/2015 - 20k shares @ average price 88 cts
2/10/2015 - 11.6k shares @ average price 87.5 cts
5/10/2015 - 120k shares @ average price 88.9 cts
7/10/2015 - 23k shares @ average price 88.7 cts

Total share by market acquistion = 3,359,700 shares (0.39%)

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25 Oct 2015 14:17 #22613 by Rock
Replied by Rock on topic Straco -- gem?
Straco will be releasing its 3rd Quarter 2015 and 9 months ended 30 September 2015 on 13th November 2015 after trading hour.

Straco 3rd Quarter had alway been the best performance for the company.

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13 Nov 2015 20:29 #22668 by Rock
Replied by Rock on topic Straco -- gem?
Straco report s double-digit growth in revenue & earning for 3Q today.

STRACO 3rd QUARTER RESULT:
Revenue increased by 27.8% to $49.3m
Profit increased by 20.3% to $34.9m (Profit margin = 70.8%)
Profit after tax increased by 22.6% to $24.9m (Net profit margin = 50.5%)
EPS = 2.72 cents

STRACO 9 MONTHS RESULT:
Revenue increased by 42.4% to $103.8m
Profit increased by 28% to $64m (Profit margin = 61.7%)
Profit after tax increased by 30.4% to $45.16m (Net profit margin = 43.5%)
EPS = 4.94 cents

1. Straco revenue increased was mainly attributable to the SLPL & SOA but partially offset by lower revenues from UWX.
2. Overall visitation was 2.03 million visitors for the quarter, an increase of 5.1% compared to 3Q 2014.
3. Cash flow - Straco generated net cash from operating activities amount to $34.77 in 3Q 2015. As at 30/9/2015 cash & cash equivalent balance amount to $140.934m.
4. 3Q profit after tax of 50.5%
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15 Nov 2015 12:37 - 15 Nov 2015 14:31 #22675 by BNN
Replied by BNN on topic Straco -- gem?
The cashflow is marvellous.

Straco ended 3Q with$141 m in cash (+$28.4 million from start of 2015).

This was after paying off $9 m in long-term debt and 7.5 m in short-term debt and spending $2.9m on share buyback.

In other words, the business generated $47.8 million in free cash flow in the first 9 months! Compare that to its net profit after tax for 9M2015 of $45.16m, and you can be certain this is a very productive cash-generating machine with little need for capex.

Do you know of any other super business like this?
Last edit: 15 Nov 2015 14:31 by BNN.
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15 Nov 2015 15:31 #22676 by Rock
Replied by Rock on topic Straco -- gem?
Yes BNN I fully agree with you, Straco cashflow is marvellous. The business generated $47.8 million in free cash flow in the first 9 months is unbelivable!

Straco by just making the basics right has turn 'The Singapore Flyer' into another cash generate machine. There is big upside from here as Straco has (undisclosed) plans for a makeover which it has submittted to the relevant government bodies for their blessings.

Straco 9 months profit for 2015 = $45.2 million. If add 4Q 2015 profit at $10 million; total FY 2015 profit = $55 million. Share price @ 85 cents valued Straco at 13 times earnings and ex cash 10 times earnings. Straco is unbelivable way too CHEAP!
(Straco 4Q 2014 profit = $4.6 million but this was weight down by increased in operating & adminsitrative expenses increased $6 million in total; 82% higher than 4Q2013 mainly attributable to the expenses incurred by SLPL as it took over the operation of Singapore Flyer from 28th November 2014.)
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