Spindex Industries

[BlueKelah]

Hope it hit NAV soon so can cash out. Been a long ride with this one since it was 25c. Yield is now getting very compressed.

sent from my Galaxy Tab S

[pianist]

gone were the days trading at 2x cents range. Fully vested at 20-23 cents
Very sad

[BlueKelah]

Dont need sad, next round crash can back to 30cent again, coming soon. Small volume counter can shoot up and shoot down also very fast. Just patiently wait and load up again later.

In terms of valuation ratios I use :

Div yield is below 4% now.
Net Cash/Mcap 34%.
Price/NAV 0.92

Been slowly letting go this one to load the elephant gun.

Solid and stable mgt. with long history and has political ties to PAP, now pass to son is still quite good, come any crisis they will be one of the many small caps to survive.

sent from my Galaxy Tab S

[changwk]

Hi BlueKelah,

I'm interested to hear your reasons and thinking why the crash is coming soon.

[testwrite]

there is at least another 2 million booast to the profit of spindex

at the most recent announcement

http://infopub.sgx.com/FileOpen/DISPOSAL...eID=355772

there are getting 1.75 million dollars from the disposal, and they removef negative equity of
$419,178

so that is at least 2 million booast to the profit, plus going forward, the money losing subsidiary is removed, it should make more money

[BlueKelah]

Hi BlueKelah,

I'm interested to hear your reasons and thinking why the crash is coming soon.

happy to let you know, but think is off-topic on this thread. Will PM you

[dydx]

FY15 (ended 30Jun15) full-year result just out.....
http://infopub.sgx.com/FileOpen/SpindexI...eID=367214

Steady revenue growth throughout the year, and solid growth in underlying profitability. If not for a $1.415m loss on disposal of 70% interest in subsidiary Spindex Energy Services P/L and loan written off, NP would have gone up to $13.6m, or a 50% YoY increase. 30Jun15 B/S remained rock-solid and very liquid, with net cash at $22.5m (equivalent to $0.195/share). NAV/share advanced to an all-time high of $0.7307.

And the best news is : A higher Final dividend of $0.028/share (vs. $0.022/share in last FY14) declared.

[LocalOptimal]

FY15 (ended 30Jun15) full-year result just out.....
http://infopub.sgx.com/FileOpen/SpindexI...eID=367214

Steady revenue growth throughout the year, and solid growth in underlying profitability. If not for a $1.415m loss on disposal of 70% interest in subsidiary Spindex Energy Services P/L and loan written off, NP would have gone up to $13.6m, or a 50% YoY increase. 30Jun15 B/S remained rock-solid and very liquid, with net cash at $22.5m (equivalent to $0.195/share). NAV/share advanced to an all-time high of $0.7307.

And the best news is : A higher Final dividend of $0.028/share (vs. $0.022/share in last FY14) declared.

Has been waiting for this piece of good news for very long...

Spindex has been trending up to 60+cts in the past few months. However, opportunities have been present in this black week, and I have seen shares being sold at 48cts or so. Hope some buddies here topped up.

-vested-

[BlueKelah]

FY15 (ended 30Jun15) full-year result just out.....
http://infopub.sgx.com/FileOpen/SpindexI...eID=367214

Steady revenue growth throughout the year, and solid growth in underlying profitability. If not for a $1.415m loss on disposal of 70% interest in subsidiary Spindex Energy Services P/L and loan written off, NP would have gone up to $13.6m, or a 50% YoY increase. 30Jun15 B/S remained rock-solid and very liquid, with net cash at $22.5m (equivalent to $0.195/share). NAV/share advanced to an all-time high of $0.7307.

And the best news is : A higher Final dividend of $0.028/share (vs. $0.022/share in last FY14) declared.

Has been waiting for this piece of good news for very long...

Spindex has been trending up to 60+cts in the past few months. However, opportunities have been present in this black week, and I have seen shares being sold at 48cts or so. Hope some buddies here topped up.

-vested-

Wow impressive results!!

Didn't drop below 30c leh, no chance to buy in. nevermind lah just enjoy dividend from the few hundred free shares left over from last round

[dydx]

Responding to the excellent FY15 full-year result, Spindex has advanced a solid $0.07, or 13%, this morning with last done at $0.61. Buying is muted and cautious but supported by a long 'buy' queue.

I suppose it is also relevant now to re-assess the fair value of this growing business. Whatever it may be, rationally it should be at a decent premium over its latest NAV/share at $0.7307 - itself supported by income-generating production assets recored at conservative accounting, and a big net cash reserve.