2nd Chance Properties

Closed at 46 cents today. So tempted to sell tomorrow and earn profit. Should I? Hee hee...

(18-09-2013, 09:22 PM)Shulu Wrote: Closed at 46 cents today. So tempted to sell tomorrow and earn profit. Should I? Hee hee...

The QE continuing, better to hold a while longer to see what is the impact.

With the loose monetary policy continuing, maybe there will not be any cheap stocks. Generally many are still worried about correction, which may not come at all.

I guess you are right. Thanks for the logical thinking.

(19-09-2013, 11:35 AM)adven7 Wrote:

(18-09-2013, 09:22 PM)Shulu Wrote: Closed at 46 cents today. So tempted to sell tomorrow and earn profit. Should I? Hee hee...

The QE continuing, better to hold a while longer to see what is the impact.

The Board of Directors of Second Chance Properties Ltd (the Company) wishes to inform that the Company will be releasing its unaudited financial statemets on the results of the Company and of the Group for the full year ended 31 August 2013 on 30 October 2013 (Wednesday).

http://infopub.sgx.com/Apps?A=COW_Corpor...krLWoaYY8I

This year announcement is later, at the end of Oct, rather than mid Oct.

(19-09-2013, 09:54 PM)Shulu Wrote: I guess you are right. Thanks for the logical thinking.

(19-09-2013, 11:35 AM)adven7 Wrote:

(18-09-2013, 09:22 PM)Shulu Wrote: Closed at 46 cents today. So tempted to sell tomorrow and earn profit. Should I? Hee hee...

The QE continuing, better to hold a while longer to see what is the impact.

Finally the price is moving to 47cents

result out tml !! looking forward

Out, revenue dropped 16.5%, operating profit dropped 29.4%, dividend dropped 10.5%. So what is the reasons that the founder keep buying? Anyway I will watch for opportunity to buy.

(30-10-2013, 06:05 PM)valuebuddies Wrote: Out, revenue dropped 16.5%, operating profit dropped 29.4%, dividend dropped 10.5%. So what is the reasons that the founder keep buying? Anyway I will watch for opportunity to buy.

From Page 15 of the Financial Statement:

Quote:

The revenue for FY 2012 is for 14 months as compared to 12 months for FY 2013. This is one of the reasons for the decrease in revenue in all the business segments except the securities business.

Also, there were 2 dividend paid out this FY. If you include 1.7 cents from July, that's 3.4 cents, which is 0.1 cent higher than previous FY (excluding Special Div, due to additional 2 mths in FY2012)

(30-10-2013, 06:12 PM)mkmk Wrote: From Page 15 of the Financial Statement:

Quote:

The revenue for FY 2012 is for 14 months as compared to 12 months for FY 2013. This is one of the reasons for the decrease in revenue in all the business segments except the securities business.

Thanks to clarify this, got it, but operating expenses were not declined in line with the decline of revenue.