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specuvestor Wrote:IMHO like Curiousparty herself said, people should be able to see the positive and negative sides in a thread, which i agree But i dont see what value she add with her current postings with no substantiation and irrelevant comparison
It is undeniable that share price of sunsine has been volatile. It has already dropped 30% from its peak . Imagine people who bought right at the peak , 30% of the value is gone in less than one month. There is always trade off . High risk high return (imho)
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11-12-2014, 11:30 AM
(This post was last modified: 12-12-2014, 09:10 AM by Curiousparty.)
decidedly below 40 cents now. Next level should be 30 cents.
Has the company indicated that they would do share buyback to shore up support in event of sell off way below the intrinsic value?
Company did not seem perturbed by the sell off from above 50 cents to current below 40 cents. Did someone ask the company the reason for not resuming the share buyback program? Is the share price still deemed to be too high for buyback?
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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I believe the company is using their cash to reduce their loans. Does anyone know what is the overall loan amount now? Thanks.
(Vested)
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Bluechipfan
The outstanding loan amount should be around RMB 258m if the loan maturing on 24 Dec 14 is paid off:
..........................................................RMB m
Outstanding loans as at 30 Sep 14……......366.9
Loan matured on 10 Oct 14…....................20
Loan matured on 24 Oct 14......................20
Loans matured on 1 Dec 14………................50
Loan maturing on 24 Dec 14…...................18.9
You have left out the two loans that matured in Oct 2014.
Outstanding amount will be down to RMB 178m if loans amounting to RMB 80m are not renewed in Mar 2015.
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I believe Sunsine has also paid off the 18.9 m loan that has matured on 24 Dec 14.
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Actually didn't feel like posting anything because there is nothing new, at least to me.
In a nutshell, the earning is on track and EPS of SGD 10 cents for the just over FY is expected. The company is well prepared for the stricter environmental law which already come into effect, heat plant completed as scheduled, production capacity expanded as planned, loans repaid on time etc etc. Cant wait to see the balance sheet for the just ended FY! I hope to see great deduction in debt, this coupled with sustainable EPS is going to be key for me to decide whether to increase my holding or not. Of course, a slight increase in the dividend will be nice.
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New loan RMB30mill taken with Laishang Bank on 23 January 2015 for purposes of its working capital requirements.
This is a bit of a surprise. I thought they are more keen on paring down the outstanding loans.
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