Challenger Technologies

[memphisb]

NEW LEASE LOCATED IN BUGIS JUNCTION
The Board of Directors of Challenger Technologies Limited (“the Company”) wishes to
announce that it has secured the following new lease:
Name of shopping mall at
which lease is located
Date of Commencement
Bugis Junction
4Q 2013
The securing of above lease is in line with the Company’s plans to focus on their retail
operations by expanding to suitable locations in Singapore.
None of the directors or substantial shareholders of the Company has any interest, direct or
indirect, in the above transaction
By Order of the Board
Chia Foon

[felixleong]

SINGAPORE – Singapore’s retail sales rose 3.2 per cent in May from a year earlier, with growth across most categories, according to the Department of Statistics. Excluding sales of motor vehicles, retail sales increased by 3.1 per cent.

Retailers in telecommunications and computers recorded the largest increase of 8.1 per cent in sales from last year, while watches and jewellery also grew strongly with a 7.2 per cent increase.


good news for retailers like challenger
but challenger hits 53 cents, congrats to fellow VB who loaded this counter early ^^

[safetyfirst]

Is something brewing? Challenger seems to be rising quietly

[CityFarmer]

Is something brewing? Challenger seems to be rising quietly

Probably due to half year result and likely interim dividend are coming on 7 Aug...

http://infopub.sgx.com/FileOpen/Challeng...eID=248837

(vested)

[CityFarmer]

With current market price run-up, it became the 2nd most profitable investment in my equity portfolio now, after M1...

[dydx]

Since listing in Jan04 - i.e. coming to 10 years now! - Challenger's share price really only started out-performing the STI convincingly some 4 years ago (i.e. from Aug09 onwards).....
http://finance.yahoo.com/echarts?s=573.S...=undefined;
During this period, share price wise - i.e. not counting the regular twice-a-year dividends - and based on the last done share price of $0.59 this morning, Challenger has out-performed the STI by a whopping over 200%!

Based on Challenger's latest outstanding 345.208m issued shares, present market cap stands at $203.7m. Is this too high for the leading and largest IT retail chain stores in Singapore - and hopefully over time the leading IT retail chain stores in West Malaysia as well ?

[safetyfirst]

when it is compared to courts and harvey norman, challenger still looks damn cheap! It produces consistent results, consistency is very important for a conservative investor like me

[safetyfirst]

With current market price run-up, it became the 2nd most profitable investment in my equity portfolio now, after M1...

which is then yr 1st most profitable counter

haha read read carefully

[felixleong]

congrats to those who believed in challenger
Last time I told my friends about challenger and they kept laughing at me
they say sim lim will own challenger gao gao and I'm wasting my time and money with challenger
now guess who has the last laugh ^^

anyway challenger could earn about 5 cents per share this year
if the stock price goes to 60 cents that would be about 12 times earnings
at 12x I think challenger could be fairly priced already, however market may price it as high as 15 times earnings for 75 cents
we shall see, good luck guys ^^

[Dividend Warrior]

With current market price run-up, it became the 2nd most profitable investment in my equity portfolio now, after M1...

Congrats!!!