Powermatic Data Systems

(27-05-2014, 11:44 AM)valuebuddies Wrote: From the responses, it seems to be a popular stocks but no one ever discuss at the forum. I have watched this before, to summarise my findings, balance sheet is strong, P&L is weak. Another similar company would be multichem, also pay good dividend but same characteristic: balance sheet is strong, P&L is weak.

[ not vested ]

i prefer this counter as the cash level is pretty high and also backed by pretty hard assets. will be a tempting buyover target for bigger players.

P&L will fluctuate but so long profitable I am not too concerned.

(27-05-2014, 11:59 AM)BlueKelah Wrote:

(27-05-2014, 11:44 AM)valuebuddies Wrote: From the responses, it seems to be a popular stocks but no one ever discuss at the forum. I have watched this before, to summarise my findings, balance sheet is strong, P&L is weak. Another similar company would be multichem, also pay good dividend but same characteristic: balance sheet is strong, P&L is weak.

[ not vested ]

i prefer this counter as the cash level is pretty high and also backed by pretty hard assets. will be a tempting buyover target for bigger players.

P&L will fluctuate but so long profitable I am not too concerned.

How long you expect them to be profitable, I don't read their last earnings so I don't comment anything beyond FY2013. What I knew is that the revenue drop from 68m to 13m within 5-6 years. This simply crazy. If you like hard cash, then consider to go for Fujian Zhen Yun or Creative

(27-05-2014, 12:07 PM)valuebuddies Wrote:

(27-05-2014, 11:59 AM)BlueKelah Wrote:

(27-05-2014, 11:44 AM)valuebuddies Wrote: From the responses, it seems to be a popular stocks but no one ever discuss at the forum. I have watched this before, to summarise my findings, balance sheet is strong, P&L is weak. Another similar company would be multichem, also pay good dividend but same characteristic: balance sheet is strong, P&L is weak.

[ not vested ]

i prefer this counter as the cash level is pretty high and also backed by pretty hard assets. will be a tempting buyover target for bigger players.

P&L will fluctuate but so long profitable I am not too concerned.

How soon you expect them to be profitable, I don't read their last earnings so I don't comment anything beyond FY2013. What I knew is that the revenue drop from 68m to 13m within 5-6 years. This simply crazy. If you like hard cash, then consider to go for Fujian Zhen Yun or Creative

the report release yesterday FY2014 was profitable what, increase profit to 2million plus, 1.17cents/share, so the 1 cent payout is quite generous. also the 1H result from last year was only 100k profit so looks like IT business turnaround a bit.
note almost 1/3 profits are from the rental property, the rest from the IT business. I would say that is pretty nice backup income for unstable IT business.
But if IT business picks up things will be very very sweet.

Anyways see what happens till august, I am now vested my indicator started at $0.17 40 lots

(27-05-2014, 12:13 PM)BlueKelah Wrote:

(27-05-2014, 12:07 PM)valuebuddies Wrote:

(27-05-2014, 11:59 AM)BlueKelah Wrote:

(27-05-2014, 11:44 AM)valuebuddies Wrote: From the responses, it seems to be a popular stocks but no one ever discuss at the forum. I have watched this before, to summarise my findings, balance sheet is strong, P&L is weak. Another similar company would be multichem, also pay good dividend but same characteristic: balance sheet is strong, P&L is weak.

[ not vested ]

i prefer this counter as the cash level is pretty high and also backed by pretty hard assets. will be a tempting buyover target for bigger players.

P&L will fluctuate but so long profitable I am not too concerned.

How soon you expect them to be profitable, I don't read their last earnings so I don't comment anything beyond FY2013. What I knew is that the revenue drop from 68m to 13m within 5-6 years. This simply crazy. If you like hard cash, then consider to go for Fujian Zhen Yun or Creative

the report release yesterday FY2014 was profitable what, increase profit to 2million plus, 1.17cents/share, so the 1 cent payout is quite generous. also the 1H result from last year was only 100k profit so looks like IT business turnaround a bit.
note almost 1/3 profits are from the rental property, the rest from the IT business. I would say that is pretty nice backup income for unstable IT business.
But if IT business picks up things will be very very sweet.

Anyways see what happens till august, I am now vested my indicator started at $0.17 40 lots

Good luck BlueKelah, remember to update the buddies here when you did any new research.

Hello buddies, I seldom post but am vested in this counter. My contribution on PM data since this company is now in the 'open'.

The company has done well to scale down its distribution business which is low margin and some years bleeding. Hence this explains why the revenue is trending down. However, its margins are much better and I like their focus on banks and healthcare sectors. As long as they can earn $1.733 million, the dividend is secured. However, note even in 2013 with eps of 0.36, company still paid 1ct. ROE is low because of high cash, hence I prefer company pay out its EPS completely.

Plus we might get a surprise if CEO decides to sell Harrison Building as history shows the company has good record of monetizing its assets.

MOV thanks for contributing.

wah piang no one highlight their picks, where got buddy like that one???

Anyways once I recover from this weekend, I will continue churn through every single company on SGX to spot net cash counters and post here..

Just use Bloomberg which is available in the national library. You will see tons of them.

Sent from my HTC One using Tapatalk

It is hard to continue collecting at cheap prices if every buddy here is to disclose what they are collecting, especially the illiquid ones. If I am vested at a price which gives me 9% div yield, why will I disclose what I am collecting, upset the supply-demand balance, thus forcing me to continue collecting at prices which gives me 6% yield?

(27-05-2014, 06:39 PM)psolhawk Wrote: It is hard to continue collecting at cheap prices if every buddy here is to disclose what they are collecting, especially the illiquid ones. If I am vested at a price which gives me 9% div yield, why will I disclose what I am collecting, upset the supply-demand balance, thus forcing me to continue collecting at prices which gives me 6% yield?

First of all, not all buddies may agree to buy what you are collecting. E.g Fischer Tech @ <5cents when dydx highlighted it as very undervalued.

Secondly, even if others buy it may not be enough to upset the balance.

Thirdly, if you take for example counter like Hupsteel which is much discussed here, no matter how you go about discussing the stock, its not gonna move if nothing much is happening to the business or if industry is in downturn..

In the case that other forum people buy in really increase the price, if you look at it another way, it can be win win also as you will be making capital gain 9% in short time, much quicker than waiting for that 9% div if other buddy does not join in. And if you are confident about your valuation, you can always buy in easily on the uptrend with the increased liquidity.

Finally, you may benefit from picks from other buddy's sharing My Mama always says "sharing is good"

As for Powermatic Data, I would have to thank GFG for sharing it as one of the counter he owns in another thread.

Thanks BlueKelah for sharing this low profile gem.

Total share = 173,339,000
(1) Net Cash = SGD 18,749,000
(2) Freehold land + building book value = SGD 19,343,000
(3) Freehold land + building fair value = SGD 32,400,000

Assuming the business and all the rest are zero value,
Min.value per share [(1) + (2)] / total share = 22 cts
Max.value per share [(1) + (3)] / total share = 29.5 cts

It has been giving consistent dividend of 1 ct each year since 2008, 5.9% yield based on today closing at 16.9 cts. I think this gem is much better than PNE Industries or Fischer Tech, in term of MOS and yield return.

(Vested)