Hafary

More
12 years 9 months ago #6568 by yeng
Hafary was created by yeng
One-day wonder? Cheong yesterday. Kana SGX query, Limp today.

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

More
12 years 8 months ago #6729 by yeng
Replied by yeng on topic Re:Hafary
Yesterday, SS Audrey sold 1.7m shares in married deal. Who bought from her?
Today, stock is up 17%.  Why?
 

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

More
12 years 8 months ago #6746 by Joes
Replied by Joes on topic Re:Hafary
in the past 4 trading days, has shot up from 23.5 cents to 30 cents today. Volume is decent. Today at 1.2 m shares done. It used to be a fat zero for volume in the past 1 year. In other words, something's brewing.

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

More
12 years 8 months ago - 12 years 8 months ago #6752 by Joes
Replied by Joes on topic Re:Hafary
How high can it still go? Today closed +2 cents = 32 cents. In excelelnt 1H, Hafary earned 3.9 cents a share. Double that = 7.8 cents a share for the year ended June 2011.

Therefore, the PE is 32 divided by 7.8 = 4.1X.

Very cheap. But have to be conservative. So I assume 7 cents a share in earnings = PE of 4.6X.

So far only 1 story on Nextinsight.
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/3993-hafary-]HAFARY: Sizzling 237% profit growth in 1H, more to come?[/url]

Dull business of trading in wall tiles and other renovation materials -- how come so profitable? Anyone knows the Hafary bosses well?
Last edit: 12 years 8 months ago by Joes.

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

More
12 years 8 months ago #6770 by Dongdaemun
Replied by Dongdaemun on topic Re:Hafary
Starting to take note of this Hafary. Went up again yesterday by 1 c to 33 c.

Seems like there is strong support. Strong push up. And this, after a substantial shareholder sold nearly 2 m shares a week ago at 23 cents (around there). That unlucky lady --- missed out a few  dollars.

Today 35?

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

More
12 years 8 months ago #6795 by Dongdaemun
Unintentional --- human error -- Hafary overstated proft for half-year. Shld be $4.8 m instead of $6.4 m.

But I don't understand their explanation about 'costing errors' --- means they input a lower cost to certain inventory? Then recognised a higher profit than shld be the case?

Hafary: .....the unaudited financial statements set out in the Half Year Announcement would need to be restated. The profit before income tax for the Company and its subsidiaries (collectively referred to as the “Group”) stated in the Half Year Announcement amounting to S$7,742,000 is incorrect and should amount to S$5,806,000. The Group’s profit, net of tax, should be S$4,818,000 as compared to the previously reported amount of S$6,425,000.

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

Time to create page: 0.232 seconds
Powered by Kunena Forum
 

We have 1319 guests and no members online

rss_2 NextInsight - Latest News