Popular Holdings

Popular is no longer as popular as before?

Q3FY14 Results out!
As expected, earnings dropped 30.8% (QoQ) but still produced 1cent in its traditionally stronger Q3 earnings. 9MthsFY14 is 1.64cents compared with 2.38cents (YoY).
Forecasting Q4FY14 earning to be say 0.26cent (FY13Q4 is 0.39cent, thus 33% discount); then FY14 est.EPS will be 1.9cents; & current PE will be 11.57 (@$0.22).

PE nos.on say Shareinvestor is current PE: 7.7, rolling PE: 8.84

If Dividend of 1cent in coming Sept stays, then yield would be 4.5%.

As at 31 January 2014, the Group operated a total of 166 outlets in Singapore, Malaysia and Hong Kong (As at 31 January 2013: 156 outlets).

As for 8Raja, it is not selling anytime soon, good thing is a $3.1 mil.has already been set aside in 9MFY13 but that's for 18 Shelford; thus may have another few mil needed to impair further; though any units if sell in future will still contribute cash inflow & impact NAV only I think.

NAV is now 27.61cents, so have a 21% margin of safety (compared to 22cent price).

World Holdings (Pte) Ltd under CEO Chou Cheng Ngok plus his spouse collectively holds 59.63%; so there's still a chance if he wish, to take the company private. Any insiders purchase should be watched for this counter...
Current NAV, EPS & Yield is not too bad, had there been more growth catalysts, then this counter should starts galloping upward again.
Perhaps the CEO should starting buying again? Like that GP Hotel? (pretty please.... :p)
[vested]

It would be much better for Popular to spin off its property development business and distribute its shares to its shareholders.

The retail business is not that bad, but the property development business is a drag.

I'm surprised this news seems to have fallen way off the radar; but I suppose many buddies will not be surprised at the news, considering our initial skepticism of the move. Doomed to fail??

Borders at Westgate mall reverts to Popular bookshop, EMF Bookstore re-opens

Borders is having a moving out sale from 9 - 18 May 2014 and offering 60% off on all books, 20% on stationery and 10% on CDs & DVDs.

(14-05-2014, 04:08 PM)lonewolf Wrote: I'm surprised this news seems to have fallen way off the radar; but I suppose many buddies will not be surprised at the news, considering our initial skepticism of the move. Doomed to fail??

Borders at Westgate mall reverts to Popular bookshop, EMF Bookstore re-opens

Borders is having a moving out sale from 9 - 18 May 2014 and offering 60% off on all books, 20% on stationery and 10% on CDs & DVDs.

I've also been ignoring this basket case for a long while, it was fun last year confounding the smart-alecs who posted defensive blogs for the Popular Holdings mismanagement.

what is even more surprising is the SGX radar: every year there is a massive shares buy back before annual accounts, which then helped to push a silly share price from 0.22 to 0.26, for which previously Popular management bought at 0.28

Though not surprising that the market goes along with it at 0.26, its not herd instincts, its lemmings.

I smell more personal vendetta than rational investment ideas here.

Something is not right to pursue here?

full year financial statement is out, still to catch up on AGM happenings. If the figures are anything to go by, I doubt if the AGM was a mega fiesta with table dancing.

this explains the shares buyback frenzy for such a long time, well, we knew what was happening but this merely vindicates the suspicions and guesstimate. This time I can't be bothered to notice if there are any published typo and spreadsheet errors in the financial statement, as they did last year. as long as its OK for SGX, the banks won't mind.

as to use of cliches, hmmm...read 'em and weep, steady as she goes, thar she blows, better than nothing, eaten more salt than you've eaten rice, still going strong, strong track record, it is what it is, let's move on, could've been worse etc etc etc etc...

I dont necessary disagree with Ashuro but it is curious that all his posts are in this thread, but kudos for 16 months of follow up

The harsh tone of writing is familiar

(04-08-2014, 09:30 AM)freedom Wrote: I smell more personal vendetta than rational investment ideas here.

Something is not right to pursue here?

(06-08-2014, 07:41 AM)specuvestor Wrote: I dont necessary disagree with Ashuro but it is curious that all his posts are in this thread, but kudos for 16 months of follow up

The harsh tone of writing is familiar

(04-08-2014, 09:30 AM)freedom Wrote: I smell more personal vendetta than rational investment ideas here.

Something is not right to pursue here?

ashuro is just one name used per subject, lots of other forums around as well, something experienced bloggers would be aware of. harsh? you haven't seen my pocket ( nobody wants to really...)

If you have followed this stock long enough (i.e over the last 10 years or more), you will know that it is one of the best example of "value trap". What is the Total shareholders' return you would like to have over a 10 years (or 5 years) period for buying a Value stock ?

IMO, take a trading view on this stock and not that of a value stock approach else you will be disappointed.

Valuation metrics aside, if you are really serious about investing in this "value" stock, you might want to probe further on who is going to lead after the 78 years old chairman step down.