Valuetronics Holdings
10-07-2014, 07:48 AM
Price took off yesterday closing at 47c on high volume. I think the trigger was prompted by the corporate day, on 8 July, organised by Phillip Capital for "buy side" investors. Interestingly, the Group CFO confided that 58% of its cash pile (hkd477m) is in excess of its operational requirements.
Food for thought!
10-07-2014, 09:24 AM
(10-07-2014, 07:48 AM)lotustpsll Wrote: Price took off yesterday closing at 47c on high volume. I think the trigger was prompted by the corporate day, on 8 July, organised by Phillip Capital for "buy side" investors. Interestingly, the Group CFO confided that 58% of its cash pile (hkd477m) is in excess of its operational requirements. The "idle" cash is certainly attractive. Wonder what will they be doing with it? I still waiting for my "big" special dividend.  Even if it left idling, the ever increasing cash pile will lend very good support to the share price.
10-07-2014, 11:25 AM
Nextinsight report Maybank Kim Eng also cover this gem now.. Now total got 3, Phillip, AIM, and Kim Eng..
http://www.nextinsight.net/index.php/sto...9x-ex-cash
10-07-2014, 11:30 AM
(10-07-2014, 07:48 AM)lotustpsll Wrote: Price took off yesterday closing at 47c on high volume. I think the trigger was prompted by the corporate day, on 8 July, organised by Phillip Capital for "buy side" investors. Interestingly, the Group CFO confided that 58% of its cash pile (hkd477m) is in excess of its operational requirements. dun buy in too much on the CFO.. he's quite new to the company.. I think Valuetronic CFO keeps changing.. lol.. but again the boss also Accounting background.. he knows what is best..  vested
10-07-2014, 11:13 PM
(10-07-2014, 11:25 AM)yenyenpark Wrote: Nextinsight report Maybank Kim Eng also cover this gem now.. Now total got 3, Phillip, AIM, and Kim Eng.. Nevertheless, the capitalisation is still too low for many institution buyers to get in. The pie is simply not big enough yet. Let the brokers "cook" it further, until it red hot.
24-07-2014, 01:23 PM
24-07-2014, 02:18 PM
What happened to this counter today? It surged more than 10% in 1 trading day?
At current price, it looks like a overbought counter and valuation is not attractive anymore with yield at 5+% and PE of almost 10. I thought that's high for an electronics manufacturing firm. vested at 20 cents.. am tempting to sell
24-07-2014, 03:02 PM
(24-07-2014, 02:18 PM)cywong76 Wrote: What happened to this counter today? It surged more than 10% in 1 trading day? Nice profit.  But how you get PE of 10?
24-07-2014, 03:36 PM
I was working based on EPS 40 HK cents, about 6.4 SG cents. It's PE of 9 on current price.
Are we expecting it to have another spectacular earnings this quarter? Last FY, its earnings rose almost 100% because there isn't any loss on discontinued operations. Taking that aside, earnings rose 20% only. At current price, it seems like Valuetronics is at its all time high? |
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