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I am buying.
expect more dividend coming on the way. The balance sheet is strengthened greatly. Expect the payout ratio to be higher barring any new acquisitions.
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finally it took the impairment of the Astib acquisition a few years ago. Wonder under whose watch, that acquisition went through. If I am not wrong, none of the milestone payment went through. It bought Astib at its highest....
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I see the writing off of good will in the context that management is taking the opportunity of current one-off disposal gain of Servelec to tidy up the book. Do you see anything else that shows the performance of Astib?
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Should have exchanged my CSE shares for Servelec. Since divestment CSE have stayed flat, Servelec have increased by 50% on float price.
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OCBC research did not factor in that CSE will save about 3-3.5M in interest expenses since it has cleared most of its debt. Secondly, in my view, CSE should be pegged a 10x PE as it has a strong presence and reputation in its remaining industries. However, its profits growth will be slow. Should be considered similar to a stalwart company but at a slightly lower P/E since it is small, thus a 10x PE is ascribed.
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(29-03-2014, 08:56 AM)CY09 Wrote: OCBC research did not factor in that CSE will save about 3-3.5M in interest expenses since it has cleared most of its debt. Secondly, in my view, CSE should be pegged a 10x PE as it has a strong presence and reputation in its remaining industries. However, its profits growth will be slow. Should be considered similar to a stalwart company but at a slightly lower P/E since it is small, thus a 10x PE is ascribed.
Anyone know why is CAM selling?
3cts really look attractive
Will avg down if it drop somemore.
(just vested at 0.585)
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