Noel Gifts International

[CigarButts]

Recently got interested in this counter but my calculation is at 0.23 for a margin of safety. Duno is it too wishful thinking anot

I am looking to increase my holdings in Noel.
Have queued at a higher price for months and nobody really want to sell to me.
You say leh

Dun queue lah, if you want just buy direct from seller. If not just wait for correction.

via Galaxy Tab S with Tapatalk

Think I will pass on this turn though. Unless I break some of my own investment rules

[dydx]

Having taken another good look at Noel's latest FY14 AR, I guess the total fair value of this very well-established gifts business group should be the sum total of the following:
(1) the gifts business in Singapore, comprising (a) the flagship Noel Gifts platform…..
http://www.noelgifts.com/home
and the secondary and equally well-run Humming platform…..
http://www.hummings.com
which together have been generating close to $0.02/share in after-tax FCF (before capex) a year and should continue to grow steadily over time. Considering its brand value, market position and proven profitability track record, would this business be worth at least $25.0m?

(2) the group's estimated $14.0m in net cash reserve (including near-cash items), based on the latest 30Jun14 B/S, after adjusting for the FY14's Final+Special dividends of $0.015/share and the $3.4m proceeds from the recently completed disposal of the 25% interest in First Balmoral Development Pte Ltd.

(3) the potential sale (likely for redevelopment) of the 10 strata-titled industrial units at 50 Playfair Road (Noel Building, freehold) and a leasehold apartment (#28-04, 33 Rochester Drive) at a premium over their combined BV (30Jun14) of $16.0m.

[CigarButts]

Recently got interested in this counter but my calculation is at 0.23 for a margin of safety. Duno is it too wishful thinking anot

I am looking to increase my holdings in Noel.
Have queued at a higher price for months and nobody really want to sell to me.
You say leh

Dun queue lah, if you want just buy direct from seller. If not just wait for correction.

via Galaxy Tab S with Tapatalk

Lol you never know just when perseverance might pay off. Someone just bought 100 lots at 0.28.

[paullow]

Heard from my good fren goh han ping that special div might be coming so queued 50lots.
Lo n behold...my order got filled.
Patience patience n more patience is key.
Dun rush. Let others sell to u wherever possible cos there is a premium for rushing

[CigarButts]

Congrats paullow. So you were one of the ones who got filled today.

[dydx]

Another government-linked contract - this time is with central bank MAS - secured…..
http://infopub.sgx.com/FileOpen/Noel_Ann...eID=339276

[dydx]

FY15 (ended 30Jun15) full-year result just out.....
http://infopub.sgx.com/FileOpen/Noel_FY2...eID=366518

Another steady, steady year. 30Jun15 NAV/share stood at $0.336, of which $0.129/share comprised of net cash (inclusive available-for-sale investments).

The best news: A total $0.03/share - vs. a total of $0.015/share in FY14 - of final & special dividends declared!

[Dividend Hermit]

FY15 (ended 30Jun15) full-year result just out.....
http://infopub.sgx.com/FileOpen/Noel_FY2...eID=366518

Another steady, steady year. 30Jun15 NAV/share stood at $0.336, of which $0.129/share comprised of net cash (inclusive available-for-sale investments).

The best news: A total $0.03/share - vs. a total of $0.015/share in FY14 - of final & special dividends declared!

Finally some good news amid the market downturn =)
Just realised Noel is also involved in SG50 currency collection. Can take a look: (http://www.sgnumismatic.com/)

-Vested-

[tikam tikam]

Wonder if gift-giving will appreciate or depreciate in 2017? Corporate gifts to businesses, to focus on it...

[lavue]

Notwithstanding the outstanding revenues achieved for 1H ended 31 Dec 2015 (as a result of the SG50 projects), the results for 1H ended 31 Dec 2016 is the worst for the past 5 years. It's a 10% drop from the 5-year average.

If this poor performance carries forward into FY 2016 ending 30 Jun 2017, earnings will surely be negatively affected. The problem could be compounded if there are more fair value losses on its investment properties.

The share price appears to be supported by its dividends and a relatively healthy cash pile. However, their overseas ventures dont seem to end well. And I am skeptical of their move towards brick-and-mortar shops at a time when retailers are moving online. I wonder how it would perform should it dip back to FY 2012 levels of 1.3 cents.