CSE Global

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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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After $0.28 distribution, another $0.02 final plus $0.01 special dividend. Better than my expectation.

CSE FY2013 Results
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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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The other troubling issue is the never ending project over run provision.Sad
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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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(06-03-2014, 03:43 PM)Mybuddie Wrote: Should have exchanged my CSE shares for Servelec. Since divestment CSE have stayed flat, Servelec have increased by 50% on float price.

There was an option to switch CSE shares to Servelec? I sold mine at the peak since there was no mention of such an option.

SG Value Investor
http://www.sgvalueinvestor.wordpress.com
ValueEdge - Opportunities Within Asia
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OCBC research on Friday recommends a buy
http://www.ocbcresearch.com/Article.aspx...3824_42673

US crude ends week on a high note after data, ends near $102
http://www.cnbc.com/id/101532986

Dividend 3 cents coming 16 April last day
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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 attractiveTongue
Will avg down if it drop somemore.

(just vested at 0.585)
The thing about karma, It always comes around and bite you when you least expected.
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