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)

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

Agm hardly reveal much stuff, everything is too vague

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.

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?

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.