Innovalues

Who knows.......I seen more weirder stuff happen........

But frankly quite rare for everybody to get out in one piece like this......so cheers!!

Still moving....

(02-10-2014, 09:35 AM)frankblack Wrote: Still moving....

As usual, a common reminder to newbie, one-liner post is discouraged here, unless within a proper context of a discussion.

Regards
Moderator

Still holding it but reduced a bit in previous support.

However, looking at the peers Amtek, Spindex, Sunningdale, avg PE about 11-12 would be saturated. Actually I don't want to see the counter to rise too fast because I hold it for dividend portfolio only, which too often those high dividend stocks run fast.

What I'm interested now is who's the next? Spindex has PE 7 and yield 3% now. Good fundamental and discounted to NAV. Very similar pattern but only lack of an active shareholder. Interested folks can look into it.

http://infopub.sgx.com/FileOpen/Innovalu...eID=323408

Good results, driven by Automotive segment.......stock price sky-rocketed, guess I sold too early lolx

(03-10-2014, 09:29 AM)winterain Wrote: Still holding it but reduced a bit in previous support.

However, looking at the peers Amtek, Spindex, Sunningdale, avg PE about 11-12 would be saturated. Actually I don't want to see the counter to rise too fast because I hold it for dividend portfolio only, which too often those high dividend stocks run fast.

What I'm interested now is who's the next? Spindex has PE 7 and yield 3% now. Good fundamental and discounted to NAV. Very similar pattern but only lack of an active shareholder. Interested folks can look into it.

PE ratios are misleading for cyclical businesses?It's a bad idea to buy at low PE

P/E ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. Cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and P/E ratios are artificially low. It is usually a bad idea to buy a cyclical business when the P/E is low.

this is 1 amazing value stock
ran up so much!

how come not much discussions?

(12-01-2015, 11:35 PM)wahkao Wrote: this is 1 amazing value stock
ran up so much!

how come not much discussions?

I would consider a serious discussion on the business prospects of this company if there wasn't so much focus on the share price. And I would also not accept anything less than the last 7-8 years of financials and operating history to see how the Company had performed over an entire business cycle; including how it allocated capital, its margins, divisional ROE and revenue/profit fluctuations.

For one to classify a stock as a "value stock", sufficient evidence should be provided.

(12-01-2015, 11:55 PM)Musicwhiz Wrote:

(12-01-2015, 11:35 PM)wahkao Wrote: this is 1 amazing value stock
ran up so much!

how come not much discussions?

I would consider a serious discussion on the business prospects of this company if there wasn't so much focus on the share price. And I would also not accept anything less than the last 7-8 years of financials and operating history to see how the Company had performed over an entire business cycle; including how it allocated capital, its margins, divisional ROE and revenue/profit fluctuations.

For one to classify a stock as a "value stock", sufficient evidence should be provided.

sorry i meant WAS a value stock if you had bought it at 0.1-0.2

My take on Innovalues' FY14 results
http://infopub.sgx.com/FileOpen/Innovalu...eID=336302

Revenue: $108.5M (+9.2%)
Gross profit: $28.8M (+55.7%)
GPM: 26.5%(FY14) vs 18.6%(FY13)
Operating profit: $17.8M (+130%)
Net profit: $15.8M (+82.2%)
EPS: 4.88c

Company is in net cash position, at EPS of 4.88c it is trading at 13x earnings. 0.6c final + 0.8 special dividend declared. payout ratio is 29%.

Based on the segment results, Automotive unit rev and NP jumped to $87.8M(+15.1%) and $24.5M(+64.4%). Company is very good at controlling cost as i noticed that admin expenses only went up 9.8% y-o-y as compared to the large increase in top and bottom line.

Valuation wise, it is not cheap nor expensive. Fairly valued i think.

And it looks like the positive automotive industry outlook is benefitting companies like Innovalues, Spindex, Fischer Tech and Sunningdale etc. Will be reviewing these few companies AR in more details.

(not vested)