Posts: 486
Threads: 5
Joined: Jun 2013
Reputation:
23
(06-08-2014, 09:45 AM)freedom Wrote: we need a real down time to see how the management play the shareholder value game. At that time, the working capital will be low and the cash will a lot more. What will the management do with the cash on hand.
Even at this point, a decent capital allocator should probably buy back shares? Since it is selling significantly below NAV.
Rather than bidding more projects or lands (which don't think will produce better IRR)?
The S$2.5M dividend is rather too low if we compared the half mark S$10M earning. And with last month divestment of Fosta & old Sungei Kadut facility, the cash hoard will be more than enough for more dividends.
I will be rather surprised if there is no extra (special) dividend this year.
Vested (and biased)
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
Posts: 99
Threads: 2
Joined: Jul 2013
Reputation:
2
06-08-2014, 11:20 AM
(This post was last modified: 06-08-2014, 11:25 AM by BestPrice.)
Strong buy at 29.5 cents today. Bought some at 29 cents and 29.5 cents. Tested many 1 lot size trades, no sign of UBS.
Posts: 99
Threads: 2
Joined: Jul 2013
Reputation:
2
Another big "one mouth" buyer cleared 30 cents sell queue.
Looks like there are a lot of new big buyers coming in.
Posts: 190
Threads: 0
Joined: Mar 2014
Reputation:
3
Testing 30.5 cents now; still a good price to buy and keep.
Posts: 3,942
Threads: 5
Joined: Mar 2011
Reputation:
14
Mr Market seems happy with 29.5 cents for now
[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.]
Posts: 99
Threads: 2
Joined: Jul 2013
Reputation:
2
Anyone bought BBR at 29 cents today? Can PM me the seller's house. Thank you!
Posts: 419
Threads: 6
Joined: Jan 2013
Reputation:
10
Under heavy selling for the last few days, seen as distribution...
Posts: 190
Threads: 0
Joined: Mar 2014
Reputation:
3
Its share price peaked at 93 cents in July 2007 - such huge gyrations over the last 18 years! I might have to review my assessment of its business again. (recently vested)
Posts: 419
Threads: 6
Joined: Jan 2013
Reputation:
10
I am quite perplexed why the share price could not move up. Is Mr. Market being irrational again?