Multi-Chem

2016 Q1 Results out, sales up compared to 2015 Q1.

http://infopub.sgx.com/FileOpen/MCL_1Q20...eID=401599

(28-04-2016, 05:49 PM)beau Wrote: 2016 Q1 Results out, sales up compared to 2015 Q1.

http://infopub.sgx.com/FileOpen/MCL_1Q20...eID=401599

Thanks for posting on this stock. It had been on my net cash screening list for a while. Has done well and now cash levels are ~35% of Mcap. Hopefully their main IT segment will be able to close more deals this year and continue the momentum. (not sure how cyclical this is)

extract from 1Q2106
[PCB
Comparing 1Q2016 to 1Q2015, the revenue for this quarter increased by 6.3% or $0.4m from $6.3m in 1Q2015 to $6.7m in 1Q2016. The increase was mainly due to the increase in demand from one of our customers.

IT
The IT business through Singapore and the regional offices achieved an increase in revenue of 13.6% or $10.3m from $75.7m in 1Q2015 to $86.0m in 1Q2016. The increase in revenue was mainly due to closing of a few big deals in 1Q2016.The Group has a focused strategy of selling and promoting only the best-of-breed IT products. Among the products the Group currently carries are industry-leading IT products from Blue Coat, Check Point, Imperva, Riverbed and RSA.]


Only nagging things are
1) Their debt actually increased from ~22m to ~27m now. they have excess cash to cover that and even pay it all down so not sure why they even bothered to borrow an extra 5m this quarter.
2) NPM is very thin ~2%+ only.

Otherwise, looks like an ok value buy at the moment for it's yield.

- not vested -

Insider buyback by the CFO today.

http://infopub.sgx.com/FileOpen/_Form%20...eID=421420

(15-09-2016, 05:12 PM)beau Wrote: Insider buyback by the CFO today.

http://infopub.sgx.com/FileOpen/_Form%20...eID=421420

Foo Suan Sai is the CEO and not the CFO, he is also the major shareholders. Based on the announcement, the purchase was on 14/9/2016 instead of today. 

The following is his profile.

[b]Foo Suan Sai [/b]
Chief Executive Officer and Member of NC

Mr Foo, one of the founding shareholders of Multi-Chem, has more than 20 years of experience in the PCB industry, of which the last 23 years were spent building up the Company. Mr Foo is currently responsible for the overall direction and development of the Group. He holds a Diploma in Chemical Process Technology from the Singapore Polytechnic and a Diploma in Management Studies from the Singapore Institute of Management.

(15-09-2016, 07:32 PM)ngcheeki Wrote:

(15-09-2016, 05:12 PM)beau Wrote: Insider buyback by the CFO today.

http://infopub.sgx.com/FileOpen/_Form%20...eID=421420

Foo Suan Sai is the CEO and not the CFO, he is also the major shareholders. Based on the announcement, the purchase was on 14/9/2016 instead of today. 

The following is his profile.

[b]Foo Suan Sai [/b]
Chief Executive Officer and Member of NC

Mr Foo, one of the founding shareholders of Multi-Chem, has more than 20 years of experience in the PCB industry, of which the last 23 years were spent building up the Company. Mr Foo is currently responsible for the overall direction and development of the Group. He holds a Diploma in Chemical Process Technology from the Singapore Polytechnic and a Diploma in Management Studies from the Singapore Institute of Management.

Apologies for the error. The announcement was submitted by Rayson Lim, CFO. Foo Suan Sai, the CEO, bought back the shares.

Slowly creeping up from 60c to 70c levels now after CIMB report as a value pick.

http://sgshareinvestor.blogspot.com.au/2...12-01.html


- v -

Stellar results and special div declared. Enuf said...

http://infopub.sgx.com/Apps?A=COW_CorpAn...4Q2017.pdf

Market happy, spiked up today, 93c now on small volume 200 lots (nope I am not responsible for this).

#Vested 

Excellent 1st half 2020 results:

https://links.sgx.com/FileOpen/Multi-Che...eID=626094

Profit up 73% over 1H 2019.

Sitting on a monster pile of cash; no interim dividend as the company says it wants to further invest in the business.

(04-08-2020, 04:06 PM)Dosser Wrote: Excellent 1st half 2020 results:

https://links.sgx.com/FileOpen/Multi-Che...eID=626094

Profit up 73% over 1H 2019.

Sitting on a monster pile of cash; no interim dividend as the company says it wants to further invest in the business.

Finally one of my value picks showing some upside!!! Share price highs now with boss buy in at $1 recently. Looks like this one is going to the moon ! might be time to unload some...

I unloaded too early   Sold MC to buy distressed stocks during COVID outbreak.