Lantrovision

Vested at $0.34. The rising price is certainly tempting me to sell but I will wait for 3Q result to be out before making a decision. Director Yeo Jiew Yew has been accumulating between Sep 2013-Jan 2014 which is positive.

I believe it will trend even higher closer to 4Q result just like Valuetronics which I regret selling a little bit too early. Let's wait and see.

On share price alone - and without counting the $0.02/share dividend paid on 15Nov13 - Lantrovision has out-performed the STI by a whopping over 60% in the last 12 months (since May13)…..
https://sg.finance.yahoo.com/q/bc?t=1y&s...1&c=%5ESTI

I couldn't resist and liquidated my position in Lantrovision at a good profit today. Thank you Lantrovision =). Good luck to fellow buddies who remain vested. I think the 3Q results should be good. If better than 2Q, I think there is more upside.

If I have the chance to re-enter at a price lower than my selling price, I may consider it again. In the meantime, I'm on to find my next gem...

Does WB need to sell Berkshire's Coke holding to tell himself or other Berkshire shareholders - or for that matter, the whole world - that he and they are rich?

Another steady and good quarter (Q3)…..
http://infopub.sgx.com/FileOpen/Lantro_R...eID=296656

Lantrovision's well-established operation continues to churn out solid FCF. In fact, the company and group have accumulated so mush cash in the past few years that by also taking a portion of the fully self-fianaced trade receivables balance of $28.77m as near cash, as at 31Mar14 Lantrovision Group had a total cash and near-cash balance of some $100.0m, equivalent to some $0.37/share (based on the latest 269.742m outstanding issued shares). Indeed, there is a mini-bank within Lantrovision!

Slow but steadily making money

For me the high net cash and respectable 4.2% yield at current price still makes it slightly undervalued.

Should appreciate more steadily this year as more people take notice of this company and as the earnings improve.

I agree,
main concern is that the company does not talk to investors and they use asiasons capital before for their corporate exercise

(12-05-2014, 10:56 PM)BlueKelah Wrote: Slow but steadily making money

For me the high net cash and respectable 4.2% yield at current price still makes it slightly undervalued.

Should appreciate more steadily this year as more people take notice of this company and as the earnings improve.

After the Q3 result (first released on 12May after market closed) the share price still going up - even on a rainy, moody Friday, after a rather sharp decline in NY overnight!. Mr Market appears to be loving Lantrovision more by the day, and has little reservation for the record share price.

UOB initiated coverage with 64.5 cents TP with a report titled 'Cash is King' - http://research.uobkayhian.com/content_d...5500726053

(16-05-2014, 01:00 PM)Nick Wrote: UOB initiated coverage with 64.5 cents TP with a report titled 'Cash is King' - http://research.uobkayhian.com/content_d...5500726053

LANTROVISION (LANT SP)
Cash Is King
We initiate coverage on Lantrovision with a BUY recommendation and target price of
S$0.645. Lantrovision is principally engaged in the installation and maintenance of
structured cabling systems for the finance and IT sectors. With over 20 years of
operational history, Lantrovision has formed and maintained strategic relationships
with a group of blue chip clients that include major banks and global MNCs. With a net
cash position of S$82.1m that forms 64% of current market cap, Lantrovision is trading
at a compelling valuation of 4.0x (ex-cash) FY15F PE, which is at a steep 52%
discount to its peers’ average trailing 12M PE of 8.3x.
INVESTMENT HIGHLIGHTS
• Lantrovision is a leading one-stop cable solution provider that is principally
engaged in the installation of structured cabling systems, used to transmit computer
and telecommunication signals.
• 70-80% of its sales from repeat blue chip clientele. Serving primarily the IT and
finance sectors, Lantrovision’s customers comprise mostly of global MNCs and
major banks in the region. With over 20 years of operational history, Lantrovision
has formed and maintained very strong customer relationships, with 70-80% of
sales coming from repeat blue chip clientele that have been with the company for
more than a decade.
• About 20% of EBIT are of a recurrent nature. After installing the cables,
Lantrovision will also provide maintenance and support services to its customers,
which serve as a major source of recurrent income to the group. Maintenance
segment contributed about 20% of the group’s EBIT in FY10-13.
• Beneficiary of the rise in IT infrastructure spending. According to Gartner,
global IT spending on data centres is expected to grow at a (2012-17) CAGR of
2.1% to US$155b in 2017. In particular, investment in data centres in Asia is
expected to grow by 6.7% in 2014 to US$28b, driven by the Chinese market, and
underpinned by the continued infrastructure build-out of internet data centres in the
region. With almost all of its revenue derived from Asia Pacific, Lantrovision is
expected to benefit from the increased IT infrastructure spending in the region.
• 64% of market cap supported by net cash. With a low CAPEX business
requirement, Lantrovision has been generating very strong free cash flow, in the last
five FYs except for FY10, where there was slower repayment from customers. As
such, Lantrovision has traditionally been able to maintain a very strong balance
sheet, with a current net cash position of S$82.1m that represents 64% of its market
cap. With its strong net cash position, Lantrovision is trading at a compelling
valuation of 4.0x (ex-cash) FY15F PE.