Category: SuperCoffeeMix

Sell @ $0.445xd, still make a bit fm dividends. Decided to exit due to overwhelming feedback fm TC abt mkt preference for Nescafe 😀

Actually, plan to switch the funds to other stocks as mkt has dropped fm its peak while Super CoffeeMix had been well supported by buying fm substantial shareholder, Mr Goi. Expects little fluctuations and will come back again later to buy back.

Contra @ $0.445 (partially done in AM & just all done). Reduce my exposure as I plan to accumulate Metro and Thomson Medical.

Buy @ $0.44.

Buy @ $0.445. Will contra off if got chance 😀

Interim results out. GP flat (Revnue +8% but Cost of Sales +14%) vs last yr but Net Profit +15% due to reduction in minority interest (Profit after tax only +1%). Interim Div 0.6cts.

In actual fact, not a good set of results as little growth compared to 2004.

Buy @ $0.445. Was waiting for price to drop but as mkt has been on the uptrend, may not happen. Anyway, this stock has not really moved and the price range is quite narrow, so just buy.

More on SuperCoffeeMix at blog, StockPick

Buy @ $0.44 to average down very old hldgs @$0.79. Average cost is now $0.515. Very illiquid in volume and has been aro’ this price for a long time.

• 1mth : $0.435-$0.455
• 3mth : $0.425-$0.46
• 1yr : $0.405-$0.465

Have not done a detailed study but had a quick look at,

1. Margin (improving fm 7% in ’01 to 14% in ’04)
2. ROE (improving fm 5.7% in ’01 to ~12% in ’04)
3. Yield 2.7% @ $0.435
4. PE 12.2 @ $0.435
5. NAV $0.3285 (ie. Share Price at a Premium)
6. Dividend Cover (fm 2x in ’01 to 4x in ’04)
7. Low bank borrowings due to capital raised from new shares placement

Looks OK except for NAV. Also, in ’04, placed out new shares @ $0.45 to Oei Hong Leong (22.51Mil), Goi Seng Hui (12.51Mil) and Ng Ser Miang (10Mil). Got it cheaper than Oei the corporate raider 😀

May do a more detailed study later but had been busy lately, so just buy 1st to average down my old hldgs. Also cash rich after all the recent sales 😀

Will not appear in my portfolio as held in trust elsewhere.

Caution : Don’t go rushing in to buy, do your own studies 1st!