Cortina Holdings

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#1
With the Hour Glass reporting strong results, I expect Cortina to be doing the same!
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#1
With the Hour Glass reporting strong results, I expect Cortina to be doing the same!
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#2
Cortina Announces 108% increase in FY net profits! MUCH BETTER THAN HOUR GLASS!

Dividends increased by 40% for this year also compared to a 20% increase in Hour Glass dividends!
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#2
Cortina Announces 108% increase in FY net profits! MUCH BETTER THAN HOUR GLASS!

Dividends increased by 40% for this year also compared to a 20% increase in Hour Glass dividends!
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#3
FY Results for reference

http://info.sgx.com/webcoranncatth.nsf/V...penelement
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#3
FY Results for reference

http://info.sgx.com/webcoranncatth.nsf/V...penelement
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#4
Weird isn't it? And they are trading at a 5x P/E - quite similar to Hour Glass.

Both counters are quite illiquid as well.
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#4
Weird isn't it? And they are trading at a 5x P/E - quite similar to Hour Glass.

Both counters are quite illiquid as well.
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#5
Property is too high to invest and super bargain S chip not my cup of tea. Like most in market, its just preservation of capital.

I careful with CPF money. Never understand our economy anymore. MAS has kept interest rate so low for such a long time. We have literally enter a age where whats left is property where you can park a larger chunk of money safely in property.

But with property so high, I doubt we can see outsize appreciation. There are very few safe yield stock and when money gets lock away in safe counter, the fund that buy must be prepared to buy at a higher spread. I doubt cortina will trade near its NTA. It will only appreciate near dividend time - for buyer to meet seller price.

If buy be prepared to hold. Best lock away in CPF.
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#5
Property is too high to invest and super bargain S chip not my cup of tea. Like most in market, its just preservation of capital.

I careful with CPF money. Never understand our economy anymore. MAS has kept interest rate so low for such a long time. We have literally enter a age where whats left is property where you can park a larger chunk of money safely in property.

But with property so high, I doubt we can see outsize appreciation. There are very few safe yield stock and when money gets lock away in safe counter, the fund that buy must be prepared to buy at a higher spread. I doubt cortina will trade near its NTA. It will only appreciate near dividend time - for buyer to meet seller price.

If buy be prepared to hold. Best lock away in CPF.
Reply
#6
I find cortina to be better because they do not have family problems like Hour glass. It seems obvious to me that Hour glass will have some difficulties in the short - medium term because of their internal problems. If you have no harmony and trust in the company, the company will not be able to progress.
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#6
I find cortina to be better because they do not have family problems like Hour glass. It seems obvious to me that Hour glass will have some difficulties in the short - medium term because of their internal problems. If you have no harmony and trust in the company, the company will not be able to progress.
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#7
(29-05-2012, 12:27 PM)propertyinvestor Wrote: I find cortina to be better because they do not have family problems like Hour glass. It seems obvious to me that Hour glass will have some difficulties in the short - medium term because of their internal problems. If you have no harmony and trust in the company, the company will not be able to progress.

Profit attributable to owner actually only increases by 63%. The 108% is due to minority interest turning from -$419 to +744 as well as forex effect where they suffered $2m losses out of $10m net profit for FY 2010 but incurred only $13000 losses for this year.

Inventory turnover and margin are the most important for retailer. in either case, Cortina loses out to THG. The family problem could be a serious issue 10 years back but not now when the executive right lies with Michael Tay. Of course, it can still be a sign of trouble if either party becomes crazy over jealousy or hatred.

Cortina will be a better choice only if luxury watch retailer chooses to increase the price en mass. They will then have a higher % increase in profit due to their lower net margin

(vested with THG)
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#7
(29-05-2012, 12:27 PM)propertyinvestor Wrote: I find cortina to be better because they do not have family problems like Hour glass. It seems obvious to me that Hour glass will have some difficulties in the short - medium term because of their internal problems. If you have no harmony and trust in the company, the company will not be able to progress.

Profit attributable to owner actually only increases by 63%. The 108% is due to minority interest turning from -$419 to +744 as well as forex effect where they suffered $2m losses out of $10m net profit for FY 2010 but incurred only $13000 losses for this year.

Inventory turnover and margin are the most important for retailer. in either case, Cortina loses out to THG. The family problem could be a serious issue 10 years back but not now when the executive right lies with Michael Tay. Of course, it can still be a sign of trouble if either party becomes crazy over jealousy or hatred.

Cortina will be a better choice only if luxury watch retailer chooses to increase the price en mass. They will then have a higher % increase in profit due to their lower net margin

(vested with THG)
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#8
Cortina Holdings keeps going up while Hour Glass lags behind. Why ah? Rolleyes
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#8
Cortina Holdings keeps going up while Hour Glass lags behind. Why ah? Rolleyes
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#9
Its all an illusion brother.
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#9
Its all an illusion brother.
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#10
Cortina AGM this friday!
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#10
Cortina AGM this friday!
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