Spindex Industries

Spindex moves along with US economy since a lot of their business comes from the auto sector there which basically tracks the economy and manufacturing.

I would expect poorer results next year if the QE program does end up winding down in October. Predictably, US markets will correct as they have post QE1,2,3 and this will impact Spindex as it has just couple years back.

Balance sheet is rock solid though and if entry price was at 30-35cents near the lows, probably still ok to hold for now and see what happens with the FED.

-vested-

Agree that next year result will probably not be as good as this year. With the interest hike, US auto sales may see a significant impact. As more and more China cities suffering traffic gems/pollution problem, China auto sales may also see a slowdown due to some policy curbing.

A little dated news:

China's Auto Anti-Monopoly Crackdown Is Just Catching Up With The European Union

China is having a little purge in the car or auto market in that country. Investigating most of the foreign manufacturers (which means most of the manufacturers) over possible monopoly practices in said market. It would be possible to think of this as part of a more generalised attack on foreign companies (both Microsoft MSFT -0.75% and Qualcomm QCOM -1.38% are facing inquiries as well) but in that auto market it does seem as if the action to protect consumers is justified. In many ways the authorities are simply bringing the Chinese market into line with the laws and regulations that apply inside the European Union.

The backstory is that the Chinese competition authorities are going after the car manufacturers, particularly about their control of spare parts. As a result many of those manufacturers are cutting their prices on spare parts

http://www.forbes.com/sites/timworstall/...ean-union/

How will this affect Spindex? A good % of revenue comes from China if I'm not wrong. I'm not the best person to understand Spindex's business so do point out anything wrong.

(Vested)

One of the SSH, Yeoman Capital, ceased to be SSH, selling off 10 lots at 0.545. Not to imply anything, just for information.

(Vested)

(19-09-2014, 05:43 PM)LocalOptimal Wrote: One of the SSH, Yeoman Capital, ceased to be SSH, selling off 10 lots at 0.545. Not to imply anything, just for information.

(Vested)

It means something. Once they ceased to be SSH, they don't need to report any stake selling from now onwards. They could quietly exit without causing any panic.....

(19-09-2014, 06:00 PM)desmondxyz Wrote:

(19-09-2014, 05:43 PM)LocalOptimal Wrote: One of the SSH, Yeoman Capital, ceased to be SSH, selling off 10 lots at 0.545. Not to imply anything, just for information.

(Vested)

It means something. Once they ceased to be SSH, they don't need to report any stake selling from now onwards. They could quietly exit without causing any panic.....

That is true but Yeoman Cap had a record of paring down its shares. It used to be holding more than 10%. This could just be taking profits. I wouldn't read much into it yet.

Results released.

Profits increased YoY 50+% to 6.9m

Despite a dividend payout of 2.5m and a 4m capex, cashflow only dipped by 1m.

Great set of results.

Happily vested.

(11-02-2015, 06:04 PM)LocalOptimal Wrote: Results released.

Profits increased YoY 50+% to 6.9m

Despite a dividend payout of 2.5m and a 4m capex, cashflow only dipped by 1m.

Great set of results.

Happily vested.

Hi All,

Two noob questions. Who are define as Non-controlling Interest? And why profit to them can be negative?

Thanks.

(11-02-2015, 06:22 PM)NTL Wrote: Two noob questions. Who are define as Non-controlling Interest? And why profit to them can be negative?

Looking at the AR2014, Pg58, the only subsidiary that is not 100% owned is Spindex Energy Services Pte. Ltd., which seems to be something they set up in 2013/2014 to venture into the O&G sector. Spindex owns 70% of this so the remaining 30% is the non-controlling stake.

Given this is <1y into the venture i suppose the setup is loss-making in the virgin year.

(11-02-2015, 06:47 PM)AQ. Wrote:

(11-02-2015, 06:22 PM)NTL Wrote: Two noob questions. Who are define as Non-controlling Interest? And why profit to them can be negative?

Looking at the AR2014, Pg58, the only subsidiary that is not 100% owned is Spindex Energy Services Pte. Ltd., which seems to be something they set up in 2013/2014 to venture into the O&G sector. Spindex owns 70% of this so the remaining 30% is the non-controlling stake.

Given this is <1y into the venture i suppose the setup is loss-making in the virgin year.

Thanks AQ! Learned something new today.