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16-11-2014, 11:07 AM
(This post was last modified: 16-11-2014, 12:13 PM by idyllic_yawster.)
Why Am I Still Bullish on Colex.
1. Net Profit's CAGR outpaced expenses in a time of inflation, a hallmark of management's ability to control costs. This is evident by looking at their increasing net profit margin.
2. Waste management business is set to grow with increased population and development of Jurong (Colex's terriority)
3. Undemanding Forward P/E of 7+ assuming the 1H 2014 results are replicated in the 2H. However, 3Q results show that it may even be better. 800 Super is around 10x P/E.
4. No debt. Potentially a cash cow as cash flow is able to support business needs. 800 Super's debt increased from $5.6mil to $28mil (FY2011 - FY2014).
[Image: ScreenShot2014-11-16at110236am_zpsd715b9b6.png]
[Image: ScreenShot2014-11-16at110119am_zps377c1624.png]
1. Net Profit's CAGR outpaced expenses in a time of inflation, a hallmark of management's ability to control costs. This is evident by looking at their increasing net profit margin.
2. Waste management business is set to grow with increased population and development of Jurong (Colex's terriority)
3. Undemanding Forward P/E of 7+ assuming the 1H 2014 results are replicated in the 2H. However, 3Q results show that it may even be better. 800 Super is around 10x P/E.
4. No debt. Potentially a cash cow as cash flow is able to support business needs. 800 Super's debt increased from $5.6mil to $28mil (FY2011 - FY2014).
[Image: ScreenShot2014-11-16at110236am_zpsd715b9b6.png]
[Image: ScreenShot2014-11-16at110119am_zps377c1624.png]