Multi-Chem

[BlueKelah]

I unloaded too early   Sold MC to buy distressed stocks during COVID outbreak.

Lol this type is solid cash cow company which will boom when investors discover it or ultimately someone does a GO on it. Well boss has already almost 70% i think with business stable even in COVID as the economy moves to work from home and delivery and more IT based. Sooner or later he will make a GO or arrange for a buyout from a big tech firm from Japan or maybe even China. 

Now we just need the CIMB folks to write an article and push it to $2

This cash cow company delivered another solid 1st half result last Friday, And it declared an interim dividend of 4.2 cents per ordinary share came as a surprise to a lot of us, maybe we don't need the CIMB's report to push it to $2 already

yah this one was a gem. even though not high growth but so long it monopolise the cybersecurity space as the "middle man" for cybersecurity solutions in SG it will continue to be a cash cow and ultimately give lots of bonus dividends. 

**huat ah**

[xierwang]

44% of outstanding trade and other receivables as at 30 June 2021 has been recovered which is about $73.5m cash received, this will significantly boost its operational free cash flow, this cash cow will likely give record dividends this year.

[brattzz]

founder continues buy up, 20 lots at $1.80 per share... positive trend!

[BlueKelah]

founder continues buy up,  20 lots at $1.80 per share... positive trend!

wow he must have a lot of confidence in the next reporting period. 

#diamond hands

[dreamybear]

I am unfamiliar with MC but the recent discussion by buddies piqued my interest. 

May I clarify what exactly is MC's IT business ? From the thread and also the collaterals of the company(e.g. AR), it talks about "IT Distribution business". It gives the impression along the likes of Challenger / Ban Leong albeit MC is more in the cyber security space ?

However, when I look at https://mtechpro.com/about/, it seems to be more of a solution provider, along the likes of NCS, Accenture.

If it is the former and is lucrative, what is stopping Challenger / Ban Leong from entering into the space ?

If it is the latter, what competitive edge does it have over the more well-known/bigger players ?

Many thanks.

[BlueKelah]

I am unfamiliar with MC but the recent discussion by buddies piqued my interest. 

May I clarify what exactly is MC's IT business ? From the thread and also the collaterals of the company(e.g. AR), it talks about "IT Distribution business". It gives the impression along the likes of Challenger / Ban Leong albeit MC is more in the cyber security space ?

However, when I look at https://mtechpro.com/about/, it seems to be more of a solution provider, along the likes of NCS, Accenture.

If it is the former and is lucrative, what is stopping Challenger / Ban Leong from entering into the space ?

If it is the latter, what competitive edge does it have over the more well-known/bigger players ?

Many thanks.

THeres no short cut to investing --> READ THE ANNUAL REPORTS...

Challenger/ban leong supplies mostly consumer level IT products, they are like retailer business. 

Multi-chem used to be PCB type manufacturing business with factory in China. However that is a negligible part of their business now. Most revenue comes from their IT Cybersecurity and other network provision to customers as well as training. Initially they specialised in reselling and setting up IT Cybersecurity software/infrastructure but now have more diversified offerings to things like cloud computing, ERP, etc.. 

you can watch this short youtube video they made
https://www.youtube.com/watch?v=tYQN82VoZdY

Management has really steer the company well.

Cash flows have been excellent past few years and so has dividend payout with steady growth and solid balance sheet net cash and low capex. I think sooner or later will be taken over by a bigger IT player just like another gem I used to own in the past(forgot what but it did all the network cabling and setup for data centers and smart buildings) Finally bought out by a japanese IT firm. But pales in comparison to multichem's business and cash flows.

[BRT]

"""
Cash flows have been excellent past few years and so has dividend payout with steady growth and solid balance sheet net cash and low capex. I think sooner or later will be taken over by a bigger IT player just like another gem I used to own in the past(forgot what but it did all the network cabling and setup for data centers and smart buildings) Finally bought out by a japanese IT firm. But pales in comparison to multichem's business and cash flows.
"""

sounds like lantrovision. that was a good journey for shareholders

[BlueKelah]

"""
Cash flows have been excellent past few years and so has dividend payout with steady growth and solid balance sheet net cash and low capex. I think sooner or later will be taken over by a bigger IT player just like another gem I used to own in the past(forgot what but it did all the network cabling and setup for data centers and smart buildings) Finally bought out by a japanese IT firm. But pales in comparison to multichem's business and cash flows.
"""

sounds like lantrovision. that was a good journey for shareholders

Yes Sir haha Lantrovision  it was... 

I do wonder how multichem will end up, been an excellent journey thus far..

[brattzz]

A point to note that company has changed to it's 3rd CFO now, previous 2x CFOs say resign to spend more time with family...

:O

[pianist]

A point to note that company has changed to it's 3rd CFO now, previous 2x CFOs say resign to spend more time with family...

:O

Not that difficult job to work as a CFO there considering the smaller setup and simple business model it has, it's to able to fit in the culture in a sme I guess