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Nam Lee Pressed Metal
27-11-2019, 12:21 AM.
Post: #251
RE: Nam Lee Pressed Metal
(26-11-2019, 11:44 AM)lkw175 Wrote:
(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

the coy managed to report profit for the past 10 years, dividend for the past 10 years too. Quite good div yield too.
FY19 should be another profitable year but maybe lower than FY18  Huh

3Q EPS is now 3.19 which is only slightly lower than last year. I would think FY 2019 profits should be similar. IMHO they are doing very well given the trade war situation which affect global trade and indirectly their container related business.
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27-11-2019, 08:30 AM.
Post: #252
RE: Nam Lee Pressed Metal
This stock basically has no excitement and also low liquidity year in and out.
More for dividend yield play. Unlikely to see much catalyst unless majority shareholder wishes to take it private.

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29-11-2019, 08:56 AM.
Post: #253
RE: Nam Lee Pressed Metal
(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

Hi BlueKelah, would love to hear your thoughts on their FY results. How do you view the cut in dividends for the full year from 2.5 to 2 cents?

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29-11-2019, 01:45 PM. (This post was last modified: 29-11-2019, 01:56 PM by BlueKelah.)
Post: #254
RE: Nam Lee Pressed Metal
(29-11-2019, 08:56 AM)chew Wrote:
(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

Hi BlueKelah, would love to hear your thoughts on their FY results. How do you view the cut in dividends for the full year from 2.5 to 2 cents?

Nothing to be excited about i guess. Drop in revenue largely.in line with challenging global trade conditions and not too bad. Locally also conditions not that great. 

Since they made 4c eps , 2c is quite reasonable. At current prices still 5%+ yield which is not too bad.

If tradr war continues next year eps might drop further but no worries holding this solid small cap. Eps will improve when global trade recovers.
=========== Signature ===========
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com

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29-11-2019, 02:42 PM.
Post: #255
RE: Nam Lee Pressed Metal
(29-11-2019, 01:45 PM)BlueKelah Wrote:
(29-11-2019, 08:56 AM)chew Wrote:
(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

Hi BlueKelah, would love to hear your thoughts on their FY results. How do you view the cut in dividends for the full year from 2.5 to 2 cents?

Nothing to be excited about i guess. Drop in revenue largely.in line with challenging global trade conditions and not too bad. Locally also conditions not that great. 

Since they made 4c eps , 2c is quite reasonable. At current prices still 5%+ yield which is not too bad.

If tradr war continues next year eps might drop further but no worries holding this solid small cap. Eps will improve when global trade recovers.

Thanks BlueKelah

5% yield is still a decent yield.

I read that it's majority owned by 3 brothers in their 70s and 80s? Is this a business that could be viewed as an acquisition?

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29-11-2019, 03:48 PM.
Post: #256
RE: Nam Lee Pressed Metal
(27-11-2019, 12:21 AM)BlueKelah Wrote:
(26-11-2019, 11:44 AM)lkw175 Wrote:
(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

the coy managed to report profit for the past 10 years, dividend for the past 10 years too. Quite good div yield too.
FY19 should be another profitable year but maybe lower than FY18  Huh

3Q EPS is now 3.19 which is only slightly lower than last year. I would think FY 2019 profits should be similar. IMHO they are doing very well given the trade war situation which affect global trade and indirectly their container related business.
The coy continued to report profit and pay dividend for consecutive 11 years, although slight disappointed and surprised that PAT is below FY18 (near FY16).

But do take note their comments in this FY19 report
"Our aluminium industrial product business is expected to continue to be affected by the uncertainties of the global economy. Looking ahead, our building product business is expected to face some challenges in the medium term against the backdrop of slower economic growth and continued global uncertainty. 
Barring unforeseen circumstances, the Group expects to remain profitable in the next 12 months."

-watching, not vested-

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29-11-2019, 06:32 PM.
Post: #257
RE: Nam Lee Pressed Metal
(29-11-2019, 02:42 PM)chew Wrote:
(29-11-2019, 01:45 PM)BlueKelah Wrote:
(29-11-2019, 08:56 AM)chew Wrote:
(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

Hi BlueKelah, would love to hear your thoughts on their FY results. How do you view the cut in dividends for the full year from 2.5 to 2 cents?

Nothing to be excited about i guess. Drop in revenue largely.in line with challenging global trade conditions and not too bad. Locally also conditions not that great. 

Since they made 4c eps , 2c is quite reasonable. At current prices still 5%+ yield which is not too bad.

If tradr war continues next year eps might drop further but no worries holding this solid small cap. Eps will improve when global trade recovers.

Thanks BlueKelah

5% yield is still a decent yield.

I read that it's majority owned by 3 brothers in their 70s and 80s? Is this a business that could be viewed as an acquisition?

Hard to say but i wouldnt bet on that happening any time soon.
=========== Signature ===========
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com

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