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Micro-Mechanics (Holdings)
06-02-2017, 01:15 PM,
Post: #51
RE: Micro-Mechanics (Holdings)
Micro-Mechanics Posts 23.5% Jump in Net Profit to S$3.4 Million in 2Q17
* Group revenue increased 16.3% to reach a record S$14.2 million in 2Q17
* Net profit margin improved to 23.7%
* Paying a higher interim dividend of 3 cents per share on 27 February 2017
* Maintains sound financial position with cash of S$21.0 million and zero borrowings
* Total assets of S$61.4 million, shareholders’ equity of S$51.4 million.

More details in http://infopub.sgx.com/FileOpen/MMH-SGXn...eID=438023
Specuvestor: Asset - Business - Structure.

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06-02-2017, 02:20 PM,
Post: #52
Micro-Mechanics (Holdings)
(06-02-2017, 01:15 PM)cyclone Wrote: Micro-Mechanics Posts 23.5% Jump in Net Profit to S$3.4 Million in 2Q17
* Group revenue increased 16.3% to reach a record S$14.2 million in 2Q17
* Net profit margin improved to 23.7%
* Paying a higher interim dividend of 3 cents per share on 27 February 2017
* Maintains sound financial position with cash of S$21.0 million and zero borrowings
* Total assets of S$61.4 million, shareholders’ equity of S$51.4 million.

More details in http://infopub.sgx.com/FileOpen/MMH-SGXn...eID=438023


The strong quarterly top line is rather surprising. IIRC, it's not only the strongest Q2 revenue but also strongest Quarterly revenue ever. Generally Q2 & Q3 are "low" season hence the result is unexpected. Not sure if the seasonal nature no longer applies. We shall wait and see.

<vested, one of the rare counter that I ever averaged-up>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".

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06-02-2017, 02:53 PM,
Post: #53
RE: Micro-Mechanics (Holdings)
(06-02-2017, 02:20 PM)ksir Wrote:
(06-02-2017, 01:15 PM)cyclone Wrote: Micro-Mechanics Posts 23.5% Jump in Net Profit to S$3.4 Million in 2Q17
* Group revenue increased 16.3% to reach a record S$14.2 million in 2Q17
* Net profit margin improved to 23.7%
* Paying a higher interim dividend of 3 cents per share on 27 February 2017
* Maintains sound financial position with cash of S$21.0 million and zero borrowings
* Total assets of S$61.4 million, shareholders’ equity of S$51.4 million.

More details in http://infopub.sgx.com/FileOpen/MMH-SGXn...eID=438023


The strong quarterly top line is rather surprising. IIRC, it's not only the strongest Q2 revenue but also strongest Quarterly revenue ever. Generally Q2 & Q3 are "low" season hence the result is unexpected. Not sure if the seasonal nature no longer applies. We shall wait and see.

<vested, one of the rare counter that I ever averaged-up>
Great set of results. Very pleased with its performance. I have been holding this stock for 2 years +. In fact, it's the first stock that i have initiated on my blog.

[vested]

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06-02-2017, 04:34 PM,
Post: #54
Micro-Mechanics (Holdings)
(06-02-2017, 02:53 PM)punklitez Wrote:
(06-02-2017, 02:20 PM)ksir Wrote:
(06-02-2017, 01:15 PM)cyclone Wrote: Micro-Mechanics Posts 23.5% Jump in Net Profit to S$3.4 Million in 2Q17
* Group revenue increased 16.3% to reach a record S$14.2 million in 2Q17
* Net profit margin improved to 23.7%
* Paying a higher interim dividend of 3 cents per share on 27 February 2017
* Maintains sound financial position with cash of S$21.0 million and zero borrowings
* Total assets of S$61.4 million, shareholders’ equity of S$51.4 million.

More details in http://infopub.sgx.com/FileOpen/MMH-SGXn...eID=438023


The strong quarterly top line is rather surprising. IIRC, it's not only the strongest Q2 revenue but also strongest Quarterly revenue ever. Generally Q2 & Q3 are "low" season hence the result is unexpected. Not sure if the seasonal nature no longer applies. We shall wait and see.

<vested, one of the rare counter that I ever averaged-up>
Great set of results. Very pleased with its performance. I have been holding this stock for 2 years +. In fact, it's the first stock that i have initiated on my blog.

[vested]


I do not think the result is great. It is work in progress and have to wait and see the results of at least 4-5 quarters ahead.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".

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06-02-2017, 11:34 PM,
Post: #55
Rainbow  { "Company:MMH"; "Title:Built to Last"; "Author:JimCollins" }




Dear Value Buddies,
To me, today announcement is really kind of Business-As-Usual (BAU). 

If you're in the mood to read a little bit more and
understand that Chris did not really add anything significant in today's 2Q17-final.pdf

(ok, ok, very busy and no time to read the whole paper?
  no problem, flip to page 12 and digest point #10 will do.)

what? still very long?
soli huh, you have to read and understand once.
after that, the annual/Qtr reports will be the same.

at least bookmark this and read latest by this weekend:
link:


Attached Files
.pdf   MMH-SGXnet-2Q17-final.pdf (Size: 194.69 KB / Downloads: 24)
Read my journey and share my joys:
http://valuebuddies.com/forum-9.html

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04-03-2017, 05:42 PM, (This post was last modified: 04-03-2017, 05:43 PM by chialc88.)
Post: #56
Rainbow  Insider purchase ... usual small small stake... why?
3rd March 2017 Frederic purchase 10,000@$0.995
Link

Heart Love Compassion



I'm very keen to buy more but the price is inching up to S$1 too quickly.

thinking... thinking... thinking
Read my journey and share my joys:
http://valuebuddies.com/forum-9.html

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04-03-2017, 09:33 PM,
Post: #57
RE: Micro-Mechanics (Holdings)
current valuation still too low for the insiders?

must be music to the ears for the rest of the shareholders.

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