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11 Nov 2014 - 1HFY2015 -

EPS half year 0.49c
Net Cash level now 50% Mcap
NAV $0.2629

Business still lousy but mildly profitable as cost covered by some property and other income.

Hopefully Full year earnings enough to sustain div payout.

Hi guys,
a newbie to this forum (though not to value investing)
Was reading through this stock's FS and found an odd line in their cash flow statement without any accompanying financial notes.
It's called "Cash Restricted in Use Over 3 Months" under cashflows from Investing activities.
It's outflow jumped many times compared to last year, so just wondering if any of our VB folks here know what this line meant?

(21-11-2014, 01:43 PM)IAmMac Wrote: Hi guys,
a newbie to this forum (though not to value investing)
Was reading through this stock's FS and found an odd line in their cash flow statement without any accompanying financial notes.
It's called "Cash Restricted in Use Over 3 Months" under cashflows from Investing activities.
It's outflow jumped many times compared to last year, so just wondering if any of our VB folks here know what this line meant?

Believe that is their cash in some sort of short-term fixed deposit. If you check out the Annual Report there is a section under cash equivalents that says : Fixed deposits (maturity of over 3 months). So that looks like the cash put into FDs and classed as investing activities.

I'm not sure how sustainable the $0.01 dividend will be considering that sales is falling and cash is slowly being depleted. Probably ok for a short term play but certainly not for the long term.

Bluekelah, your blue fish turned into a mermaid. Nice.

Just added some more using the refunded money from transcab ipo today

(21-11-2014, 02:35 PM)sgpunter Wrote: I'm not sure how sustainable the $0.01 dividend will be considering that sales is falling and cash is slowly being depleted. Probably ok for a short term play but certainly not for the long term.

Bluekelah, your blue fish turned into a mermaid. Nice.

haahaa thanks, coz I see yewkim's korean everyday on my tapatalk, so decided to make things more colourful with this "mermaid".

See if you can guess, she was born in 1981 and is in the top 10 richest in china..

Cigarbutt - good job managing to get some from weaker hands Div yield is still quite decent at your entry price.

(24-11-2014, 04:59 PM)CigarButts Wrote: Just added some more using the refunded money from transcab ipo today

that sounded like tonnes of monies...u not waiting for transcab re-ipo?

(24-11-2014, 08:13 PM)BlueKelah Wrote:

(21-11-2014, 02:35 PM)sgpunter Wrote: I'm not sure how sustainable the $0.01 dividend will be considering that sales is falling and cash is slowly being depleted. Probably ok for a short term play but certainly not for the long term.

Bluekelah, your blue fish turned into a mermaid. Nice.

haahaa thanks, coz I see yewkim's korean everyday on my tapatalk, so decided to make things more colourful with this "mermaid".

See if you can guess, she was born in 1981 and is in the top 10 richest in china..

Cigarbutt - good job managing to get some from weaker hands Div yield is still quite decent at your entry price.

Thanks man. From my calculation I will keep buying until it hits 0.196. But the cheaper the better.

(24-11-2014, 09:48 PM)pianist Wrote:

(24-11-2014, 04:59 PM)CigarButts Wrote: Just added some more using the refunded money from transcab ipo today

that sounded like tonnes of monies...u not waiting for transcab re-ipo?

Not really la. Just a few lots. I hope by the time it re-IPO I get bonus liao so can put it to good use

Share Buy back Activated..

Company quietly buying back some shares since FEB
Half yearly report out in a months time.