Samudera Shipping

[ngcheeki]

I just picked up some at 27.5 cents but not sure if it is a right decision though .

The drop is in samudera share price might be partly because of the recent increase in oil prices and will result in higher bunker price as well as cyclical nature of shipping industry.

However, based on the latest Q1FY2015, the net gearing of samudera reduces further to 27.5%, with NTA of 60 cents after deducting the div payment and pb of 0.45x and positive free cash flow of usd 18 to 37 mil for the past 3 years and patmi of usd 6.1 mil or eps of 1.5 sing cents. Samudera is worth a punt.

Besides Yeo Seng Chong of Yeoman capital is vested in samudera, one of the savvy full time investors, Ang Hao Yao is recently appeared in top 20 shareholders with 2,188,800 shares or 0.41%.

http://nextinsight.net/index.php/story-a...ough-times

vested

Pardon my ignorance, but who is Ang Hao Yao?

There is a short introduction of him on the nextinsight link provided in my post.

cheers