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A Tech manufacturing stock for value hunters.
No debt.
$41 Millions US cash ~ $S 0.29 cents share
EPS for 1HF10 already at $ US 4.04 cents or $ 5.17 cents
Revenue 1HFY10 increased 56.9%
Net profit 1HFY10 increased 32.6%
Share price 0.485
Business -> EMS Electronic manufacturing services
Dividend has been around 3-4% for years and they have been sitting on lot of money (I personally don't love this kind of company :-)
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5/May/2011
Chuan Hup Holdings Limited intends to make a mandatory conditional cash offer For each Offer Share: S$0.50
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PCI has zero current debt and sitting in cash US$44.7mil (from latest financial statement). That is ~US22cents/share. EPS for the last 9 moths is US5.4cts compared to last year 9 months US4.35cts. In my opinion, EMS business is looking positive in short term till next 2012.
CH offers of S$50cts/share to PCI is a steal and no premium at all.
Vested.
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Vested.
MANDATORY CONDITIONAL CASH OFFER BY CIMB BANK BERHAD, SINGAPORE BRANCH FOR AND ON BEHALF OF CHUAN HUP HOLDINGS LIMITED FOR PCI LIMITED
1. Introduction
The board of directors (the “Board†or the “Directorsâ€) of PCI Limited (the “Companyâ€) refers to the announcement dated 5 May 2011 (the “Offer Announcementâ€) that CIMB Bank Berhad, Singapore branch made for and on behalf of Chuan Hup Holdings Limited (the “Offerorâ€) relating to the mandatory conditional cash offer (the “Offerâ€) for all the issued ordinary shares (the “Sharesâ€) of the Company, other than those already owned, controlled or agreed to be acquired by the Offeror.
2. Independent Financial Adviser
2.1 The Board has appointed Stirling Coleman Capital Limited (the “IFAâ€) as the independent financial adviser to advise the directors who are regarded as independent for the purposes of the Offer under the Singapore Code on Take-overs and Mergers (the “Independent Directorsâ€). A circular containing, inter alia, the advice of the IFA and the recommendation of the Independent Directors in respect of the Offer (the “Offeree Circularâ€) will be sent to Shareholders within 14 days of the date of the despatch of the offer document to be issued by or on behalf of the Offeror.
2.2 In the meantime, Shareholders are advised to refrain from taking any action in relation to their Shares which may be prejudicial to their interests and to exercise caution when dealing in the Shares, until they or their advisers have considered the information and the recommendations of the Independent Directors as well as the advice of the IFA which will be set out in the Offeree Circular to be issued by the Company in due course. 3. Responsibility Statement
The Directors of the Company (including those who have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, the Offer Announcement), the sole responsibility of the Directors of the Company has been to ensure through reasonable enquires that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this announcement.
By Order of the Board
Valerie Tan Company Secretary 10 May 2011
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Quite common.
The person sold his CPF shares but forgotten to click the CPF button.
Few days later, SGX buyback for him law.
<not vested>
Live with Passion, Lead with Compassion
2013-06-16
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Wow the dangers of using cpf to buy shares... considered lucky to have been able to buy at 43.5 cents only
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11-06-2014, 11:31 PM
(This post was last modified: 11-06-2014, 11:33 PM by BlueKelah.)
Had a look at this counter as CHH was being discussed and Mr. Peh seems to be making some moves. looks like last 3 years dividend payout has been jacked up to $0.03 which is 6%+ yield and sustainable as 3Q results shows EPS more than 3 cents SGD. Any profit from 4Q will be added to the cash bank now at 75% of market cap. Mr. Peh is getting more cash with every dividend payout which will allow him to buy up more of PCI.
looks to me ok buy at the moment below 45 cents though only a slim MOS. Mr. Peh may try to make another move on this counter as he seems to be restructuring and setting up trust in the Tax free Caymans.(Mr. Peh t/f shares in CHH to 3P, 3P Pte Ltd is a wholly-owned subsidiary of Qing Shan Pte Ltd which is in turn held by TMF (Cayman) Ltd) and CHH owns almost 77% of money making PCI.
With the previous offer of 50cents which is about fair value for PCI, there is an almost certain upside of at least 10% when another offer is made. In the mean time with yield of >6% and stable EMS business, PCI can be a nice buy and hold.
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Wah, for this financial period ended 30 June 2014, there is special cash dividend of 7 cents, plus fist & final cash dividend of 3 cents. Total 10 cents dividend.
Specuvestor: Asset - Business - Structure.
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