GP Batteries International

[greengiraffe]

http://infopub.sgx.com/FileOpen/GPInd_pu...eID=306702

GPI only bought 50k of GPB @ 0.745. Gungho traders who have yet to unwind their positions may end up cutting losses to GPI at $0.75 and below?

Divested
GG

[cif5000]

Volume hasn't reached crazy level. Don't think gungho traders are in. I hope they will come in soon...and as I type, it breaches $0.80.

The stock has gone above the price before the rights was announced ($0.77). What a ride!

[Ken123456]

If there are any avid fans of canto drama series - 大时代，when someone jump off, the end is near already.

Don't think can go too far wrong buying back a written down business at 55% discount.

It seem like what you have speculate is turning into a movie.

[greengiraffe]

If there are any avid fans of canto drama series - 大时代，when someone jump off, the end is near already.

Don't think can go too far wrong buying back a written down business at 55% discount.

It seem like what you have speculate is turning into a movie.

That is the rare few classic that I watched... life is like a movie isn't it...

[cif5000]

http://infopub.sgx.com/FileOpen/GPInd_pu...eID=306946

Buying continues. Today's deal: $0.795

[CY09]

While GPI has been buying back shares from GPB, one must the fundamentals of the biz has not changed

In my view, GPB will generate 10-12 cents of cash this FY. This translates to the current price 7.4x P/CF. it is quite attractive to still hold on to this piece of business.

(Still vested>

[ngcheeki]

Write up by Ernest Lim in NextInsight

http://www.nextinsight.net/index.php/sto...round-play

vested

[greengiraffe]

Write up by Ernest Lim in NextInsight

http://www.nextinsight.net/index.php/sto...round-play

vested

Please tell us something that we don't know... most of the stuff blogged have been actively discussed here...

[greengiraffe]

As expected, stable low growth business in the absence of volatile input costs

http://infopub.sgx.com/FileOpen/GPBI-Q1_...eID=309392




[CY09]

Results seem to signal that the business can generate 5.6 cents EPS/ 11.8 cents Free cash flow consistently. Valuation wise, its still attractive.
Do note GP batteries is paring down its borrowings too, this will help reduce finance cost. Assuming they use the 9M proceed and 32M of their 41M free cashflow generated per year to pare down borrowings, they can be debt free in 4 years
<vested>