Buy @ $0.945
Itchy fingers… New stock to current portfolio. 😀
Didn't do any studies except for the regular Quarterly additons to my spreadsheet, which I started in Jan-13 when there was a Special Situation (Prices dropped when irregularities were discovered and CAD was involved – don't think case has closed).
Currently cd for 2.5ct (2H13), unchanged since FY10. xd on 19-May. Some figures,
- PE = 9,87
- Yield = 4.233% (Not that great)
- Cash = 32.96ct / share or Net (of Debts) = 30.6ct (but they have been planning to buy their own building)
- Low Debts = $4.5Mil
- Revenue +2.1% ; Net Profit +8.1%
The biggest problem is Illiquidity, very low vol. Both co-founders are getting old… still hanging on, giving shareholders hopes of a company sale…
Plan for short term trade, to let go before xd. But, can also hold for longer term as no urgent need for free cash….
The forward statement sounds good for FY14. Extracts from Q413 Financials,
The Group’s Exhibitions and Museums division expects 2014 to be a good year as the region continues its economic growth, and as business and lifestyle events become more influential in their role in how corporates and brands engage their customers. The museum and thematic business likewise is expected to do well, given the various projects already in the works, and the several more that are in the pipeline.
The Group’s Retail and Corporate Interiors division is expected to maintain its momentum, as new malls emerge across the region, and as brands introduce new ways to engage their customers through brand extension and revival programs, This coupled with the continued entry of international brands into the region and the expansion of well-established brands into newer markets such as travel retail, ensure continuing business for the division.
As at 26th February 2014, the Group has secured contracts of approximately S$138 million, of which S$117 million is expected to be recognized in FY2014. With the strong pipeline of contracts and planned developments in the region, The Group expects 2014 to be a good year, barring unforeseen circumstances.
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