03-02-2016, 11:23 AM
(03-02-2016, 09:03 AM)noah2013 Wrote: Despite the benefits drop, the transition is accelerating and the cash flow pops up.
Now with 85% of the market in cold hard cash, I wish they increase the buy-backs.
Overall i like the new company profile more : higher margins, no debt, EV tending to zero and a big dividend.
Best risk profile in SGX
(03-02-2016, 11:01 AM)noah2013 Wrote:Ic. Thanks for reply.(03-02-2016, 10:33 AM)ZZF Wrote:(03-02-2016, 09:03 AM)noah2013 Wrote: Despite the benefits drop, the transition is accelerating and the cash flow pops up.
Now with 85% of the market in cold hard cash, I wish they increase the buy-backs.
Overall i like the new company profile more : higher margins, no debt, EV tending to zero and a big dividend.
Best risk profile in SGX
Hi noah, I did a back of envelope calculation . May I ask y u say EV tending to zero?
market cap = HK$796.6 million
cash = HK$681.8 million
ev= HK$114.8 million
They generate cash( >100 million a year ) so ev mechanically tends to zero( unless they pay a massive dividend but i would prefer them to buy back shares )