The Hour Glass

[felixleong]

Today I read that sgyounginvestor has sold off The Hour Glass
good luck to those still holding

http://sgyounginvestor.blogspot.sg/2014/...-hour.html

[pianist]

who is this sgyounginvestor? is it gd to read his blog?

[crabcrab]

Hmm.... Investment in this kind of company/stocks (THG) requires great patience. Patience reap us great rewards. There may be short term weakness in share price. One of the main reason may be greatly due to its liquidity as funds and bank may restrict themselves from investment in illiquid stocks, share marginable for such stocks may be capped at certain low level as compared to others which are more liquid. However, the same kind of retail stocks which are more liquid with the same profit power as THG are likely to attract more funds and command a higher valuation. The last retail company listed in Singapore that have almost similar earning power is ROBINSON GROUP which has since been delisted. The share price was around $3.50 - $5.00 then..... Such company which is consider as a cash flow stock should command a higher valuation...

[wahkao]

Seems like a big red flag... they might have problems trying to clear away their inventories
2013 Full year EPS could also come lower as compared to 2012
Shall wait for their coming annual report

Let's look at their inventory turn over days shall we?
anyone can compute that?

[felixleong]

who is this sgyounginvestor? is it gd to read his blog?

go read his blog, one of the best in sg but sadly nowadays he seldom post already

[AlphaQuant]

The CCC/inventory buildup issue has been around for quite a few quarters already - and similar issues can be seen in other players.

The big game changer i think is the clampdown on the excesses by G officials in China. THG does not service the blokes directly in China, but there must be trickling down effects from the tourists visiting Singapore. IMHO, earning projections from the past 10 yrs during the Hu/Wen era need to be revised in view of this landcape change towards the Xi/Li era- the past is no longer indicative of the future.

[cyclone]

who is this sgyounginvestor? is it gd to read his blog?

Saturday puzzle game : A member of VB, username begins with s, contains digits, 10 characters. His blog link is in available at the Homepage field.

[CY09]

who is this sgyounginvestor? is it gd to read his blog?

Saturday puzzle game : A member of VB, username begins with s, contains digits, 10 characters. His blog link is in available at the Homepage field.

Shanrui_91

[dydx]

Hmm.... Investment in this kind of company/stocks (THG) requires great patience. Patience reap us great rewards.

How true!

Share price wise (i.e. before counting its rather generous annual dividends, which amounted to $0.055/share in last FY13, and $0.06/share in FY12), THG has out-performed the STI (which tracks the share prices of selected blue-chips listed on SGX) by some 38% in last 2 years since Jan12….
http://finance.yahoo.com/q/bc?s=E5P.SI&t...l&c=%5ESTI

Over the last 5 years since Jan09, share price wise THG has out-performed the STI by an impressive approx. 170%…..
http://finance.yahoo.com/q/bc?s=E5P.SI&t...l&c=%5ESTI

[Boon]

Swiss Watch Industry, Prospects and Challenges
Swiss Issues Industries, October 2013, by Credit Suisse

https://www.credit-suisse.com/media/prod...die-en.pdf

(not vested)