Revenue increased 1% year-on-year and 71% compared to 2H09.
Net profit increase 10% year-on-year and 49% compared to 2H09.
Net cash per share increased from $0.180 to $0.186 even after paying $0.014 per share in dividend for FY09
Trailing PE is 5.6 and annualized PE is 4.7
Net tangible asset is now $0.4665 per share
Re:Spindex Industries - 5% Yield, P/E 7, 40% discount to NTA Posted at 2010/02/08 13:52
Karma: 0
WHY company is UNable to RE-INVEST CASH and also NOT Distributing CASH?
Earnings per share is probably low ?
Returns on Assets is probably low ?
Gross Margin is probably low ?
Fixed Overhead us probably HIGH ?
Net Margin is probably low ?
Dividend Yield is NOT that attractive Relatively ?
Share Price appreciation is NOT realisable ?
In terms of Yield, TeleCHOICE is one of the BEST CHOICES.
Revenue increased 1% year-on-year and 71% compared to 2H09.
Net profit increase 10% year-on-year and 49% compared to 2H09.
Net cash per share increased from $0.180 to $0.186 even after paying $0.014 per share in dividend for FY09
Trailing PE is 5.6 and annualized PE is 4.7
Net tangible asset is now $0.4665 per share
Re:Spindex Industries - 5% Yield, P/E 7, 40% discount to NTA Posted at 2010/02/08 20:11
Karma: 0
This company is one of those low profile low liquidity counters, a bit like Techcomp. It has a very similar business model to Amtek Engineering, which was taken private about 3 years ago.
In terms of gross/net profit margin, ROA, ROE, FCF, EPS and dividend yield, Spindex compares very well (if not better) compared to its listed peers like FischerTech, Innovalues and Miyoshi.
I would encourage you to look at Spindex's past financial results to form your own opinion.
