The Hour Glass
07-04-2016, 04:42 PM
(07-04-2016, 07:30 AM)pianist Wrote: how did u know crab crab was the seller lolz!  Just teasing him lah... 
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL!
07-04-2016, 04:44 PM
(07-04-2016, 08:55 AM)hh488 Wrote: OG! To put in perspective, she is good at retail, so... ya, we all know she's not well versed in trains engineering...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL! 
27-04-2016, 10:41 PM
J offloads to H again on 22 Apr.
6mil shares @ 74.5 cents. Wonder wats this slow dance for? Why not juz do a single married deal and clear all of it in one shot? http://infopub.sgx.com/FileOpen/_JCFORM1...eID=401056 http://infopub.sgx.com/FileOpen/_HTFORM1...eID=401068
27-04-2016, 10:49 PM
"Jannie Chan Retires as Executive Vice-Chairman and Executive Director of the Hour Glass
Source: The Business Times Singapore Type: Executive/Board Changes - Other From: 01/Apr/2016 The Hour Glass announced that, Jannie Chan retired as executive vice-chairman and executive director and she remains as non-independent and non-executive director." Cash out leh, to buy sentosa bungalow...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL!
17-05-2016, 05:24 PM
FY16 (ending 31Mar16) full-year result is due in the next 2 weeks, so it is timely to revisit the 3Q result.....
http://infopub.sgx.com/FileOpen/THGL_3Q_...eID=388216 Even though the general retail scene is not rosy, THG as probably still most profitable local retail enterprise and one of the largest specialist watch retailer groups in Asia-Pac, has rarely disappointed in the recent years. I also look forward to another good final dividend (last FY15: $0.022/share).
Henry should do a suprise BIG dividend payout just to jeer Jannie for offloading!!!
Come on Henry!! ur the man! Joking aside, continue to be profitable, just flat/minor increase... maintain 2.2cts, lucky if increase! Still the most well run watch biz in Asia pacific till date,
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL!
27-05-2016, 12:56 AM
Ouches!
Source: Singapore Stock exchange Type: Dividend Decreases From: 24/May/2016 2.2 cts become 2 cts.... guess Jannie was rite!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL!
27-05-2016, 09:04 AM
Hourglass inventory has been going up for the past few years. This year revenue dipped but inventory is still up. Net cash from Ops is not growing with profit as a result. ROE is also slipping due to the asset heavy Inventory. Inventory growth is up 68% since FY11 but revenue is only up 36%. If this trend persist, it could indicate a big imbalance of power between watch supplier and watch retailers. I wonder if the retailer need to buy to fulfill certain quota? Or certain volumn to get higher rebates?
FY11 FY12 FY13 FY14 FY15 FY16 Revenue (S$'M) 517.6 607 601.9 682.7 734.9 707.5 Profit after tax (S$'M) 43.1 56.1 54.3 56.3 59.7 53.5 ROE (%) 16.9 18.6 15.9 15 14.1 11.8 Net Cash fr Ops (S$'M) 20.6 28.8 12.9 64.3 37.1 21.3 Inventory (S$'M) 190.7 230.9 265.7 263.2 297.9 320.1
27-05-2016, 09:15 AM
(This post was last modified: 27-05-2016, 09:26 AM by hh488.
Edit Reason: Comparison statement edited
)
Cortina also released Q4 & full yr results.
In summary, Revenue $367 m (down 9%) PAT $8 m (down 45%) Dividends 2 cts  (Edit - Quite bad compared to THG). But dividends same as declared by THG. 
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