PEC

[propertyinvestor]

PEC net cash per share is now 45c. If hai leck can pay 5c,pec definitely can pay more than that. However, PEC doesn't have a track record of giving interim or special. So you guys just got to wait till October

[bargainhunter]

PEC net cash per share is now 45c. If hai leck can pay 5c,pec definitely can pay more than that. However, PEC doesn't have a track record of giving interim or special. So you guys just got to wait till October

yup.  but at least they had been giving 2c except for the bomb last year.  

[BlueKelah]

Their order book used to be 400 to 500million at its peak.

It has decreased for two quarters liao since getting orders in from arabs.

Payout also quite little past few years and last year they skipped payout but went to do SBB instead so they could have shares to pay employees.

Juicy cash value which i love but very likely to languish without pickup in order book and low div. LaTer this year they may cut div again if no addition to order book.

revenue will likely downtrend soon.




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[propertyinvestor]

If rotary engineering can be pushed up despite having lousier fundamentals, I don't see why PEC can't. One possibility that shareholders can look forward to is a possible capital reduction to return back the IPO monies which was raised 6 years ago. PEC hasn't done much with their IPO proceeds other than the purchase of a property.

[cyclone]

PEC posts record revenue of S$575.1 million for FY16
* Achieved full year net profit after tax of S$22.4 million
* Maintains healthy balance sheet
* Actively participating in several tenders in Asia and the Middle East
* Declares 2.0 cents per share final dividend + 1.0 cent per share special dividend (no interim dividend).

A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the Group operates and any known factors or events that may affect the Group in the next reporting period and the next 12 months.
The outlook for the global process industry remains challenging in the near to medium term with the continued volatility in crude oil prices. However, we believe that PEC's strategy to expand its overseas presence and enhance its capabilities will put PEC in good stead to secure project opportunities when the industry recovers.

The Group's proven processes, capabilities and network of facilities have enabled it to deliver fasttracked and technically challenging projects such as LPG projects. The Group is actively participating in several tenders in Asia and the Middle East to build up its orderbook, which stood at S$161.8 million excluding maintenance contracts as at 30 June 2016.

http://infopub.sgx.com/FileOpen/Q4FY2016...eID=419359

[edragon]

Just an observation, share price was at 78 cents level when they made S$22M net profit, 2009-2010.

[frankblack]

Just an observation, share price was at 78 cents level when they made S$22M net profit, 2009-2010.

The share price is lower than the increasing cash per share.

[BlueKelah]

If rotary engineering can be pushed up despite having lousier fundamentals, I don't see why PEC can't. One possibility that shareholders can look forward to is a possible capital reduction to return back the IPO monies which was raised 6 years ago. PEC hasn't done much with their IPO proceeds other than the purchase of a property.

Looks like you are right, now they are pushing PEC.

Big volume and big jump in share price >55cents this past couple weeks after the lim&tan analyst buy report.

now the order book is only 160m+, i want to see how high they can pump and dump this bugger.

[Clement]

I am not surprised with the recent run up and I still think it is undervalued.

I see it as the market recognizing the PEC management teams' hard work in executing on a growth strategy in difficult market conditions.

Management had previously targeted the middle east as a growth market for the group to offset weakness in the local market. Given that several middle eastern countries are seeking to expand oil storage and refining capabilities to supply their own growing populations as well as move up the oil and gas value chain, this was a good move by the management and showed a proactive strategy for growth despite the difficulties.

Evidence in the recently concluded financial year shows good execution on the geographic expansion strategy, with revenues from UAE growing 165%. It also seems that the projects were secured with good payment terms, with net progress billings continuing to be in excess of costs incurred. The successful expansion into the middle east also expands opportunities to secure future maintenance work, increasing the recurring revenue base of the group.

Put all of that together with the 52 cents net cash per share on the balance sheet, the strong cash generation ability (22 cents per share generated from operating activities in the last FY) and I don't see the run up as a pump and dump at all.

[BlueKelah]

Order book like that and share price run up after one bullish analyst report, confirm start of pump and dump.

Unless got privatisation by boss or buyout.

They just lucky got the middle East project last year.

No news thus year of any new addition to order book, and oil price so depressed , short term company sure dun do well.

Hence I am surprised so many buyer follow the pumping action lol. Must be lack of stocks to speculate on sgx.

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