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The company announced half year report today
http://info.sgx.com/webcoranncatth.nsf/V...400367FA9/$file/EliteKSB-HY2012results.pdf?openelement
Key points:
- China associates share of profit is 1.348 million in HY12. The China associates continue to generate money
- Incentive bonus is about S$2 million which is reasonable and well-earned bonus for the management
- Dividend from China associates is about $2.3 million (inc MI). It is accounted as receivable.
- Interim dividend declared as 1.5 cent i.e about $2 million, a good news to all shareholders.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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I had closed my position on the company, with price of 33 cents.
A pleasant ride with annualized return of 138% (base on XIRR) over slightly more than half a year.
The company will remain in my watch list, in case opportunity arises from RTO
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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i think is a pity u closed so fast...
why the move?
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06-02-2013, 09:31 AM
(This post was last modified: 06-02-2013, 05:16 PM by CityFarmer.)
(05-02-2013, 11:09 PM)pianist Wrote: i think is a pity u closed so fast...
why the move?
Fast? I though i should do it earlier.
The move is motivated by "opportunity cost", better to redeploy, instead of waiting. Working hard to "milk" every $ out of my fund
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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The Jan report of the company is announced.
http://info.sgx.com/webcoranncatth.nsf/V...E00332C64/$file/EliteKSB-Monthly_valuation_of_assets_utilisation_of_cash-Feb.pdf?openelement
The reporting period is Jan 2013, the dividend from China investment still not fully received, and mostly stays as receivable. The China investment's asset growed by S$0.16 mil versus end Dec report, which is impressive
(divested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Observing some movement in this counter recently.. Any news?
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(15-03-2013, 05:27 PM)itskenneth Wrote: Observing some movement in this counter recently.. Any news?
Well, nothing via SGXNet.
It is only 29 lots volume today, so don't read too much of it.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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The end Feb report of the company is announced.
http://info.sgx.com/webcoranncatth.nsf/V...A0033DCF6/$file/EliteKSB-mthly_asset_valuation_and_cash_utilisation_Mar.pdf?openelement
The reporting period is end Feb 2013, the dividend from China investment still not fully received? It is always faster and easier to transfer money in than out from China
The pending dividend on early Mar is buffered by cash out from Escrow Account, base on the report.
China investment value continue to grow in Feb.
(not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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The end Mar report of the company is announced.
http://info.sgx.com/webcoranncatth.nsf/V...900350D7F/$file/EliteKSB-mthly_asset_valuation_and_cash_utilisation_Apr.pdf?openelement
Two key points to highlight
- China investment's dividend still not paid and remains as receivable, while dividend paid to shareholder already distributed with money drawn from Escrow Account. Not so sure the reason(s) for it?
- China investment's asset continue growing with retained profit month over month, another $0.3 mil in Mar 13. It is the cash cow of the company
(not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Reason being money outflow from china is tough
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