Buy @ $0.215
Was trying to do a Jump-Q before mkt open but last min., someone put in a Buy Order to tip to 22ct. This time round, I was prepared and quickly withdrew my order and it opened at 21.5ct. Looks very similar to yesterday evening, maybe someone is intentionally doing that…
Q113 results was out yesterday after mkt close. I posted in FB, reproduce below,
Profitable but worse than my expectation (I expected it to be at least better than 2 years back).
Revenue = $119M, lower than Q112 = $141.6M (includes contribution from Property) & Q111 = $121.5M (zero from Property). Main reason is due to closure of 2 large stores in HK.
EPS = 0.78ct, lower than Q112 = 1.22ct & Q111 = 0.97ct.
Cash = $132.9M (15.81ct/share), lower than last Q = $145.9M. Due to $10M more in Inventory
Only +ve is NAV = 25.86ct, higher than last Q = 25.09ct.
Let's see what happens today… I'll likely continue to buy more on any price weakness.
Yield = 6.047% if they maintain same Dividend Payout. For Q2 last year, Div = 0.5ct. 😀