Why I like Swing Media

josephyeo
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10 years 11 months ago #14240 by josephyeo

Replied by josephyeo on topic Re:Why I like Swing Media

Hi Yee,

The result is out n it looks good ...

1. topline n bottomline improve though not substantially

2. gearing improves

3. nta up

4. management sounds positive.

They are still negotiating for a further order of 199 units of the solar system. From the tone of the comment they sound confident of securing the order and are looking forward to more order. Should this materialise it would be quite a big leap forward for the company. Below is a quote from their press release :

Quote :
"Said CEO, Matthew Hui, "We continue to grow our sales and, I look forward to us
reaching HK$1 billion in sales. But, most importantly, we continue to enhance value
for all our shareholders as we record yet another year of profit.”

The Group’s financial position continues to strengthen with net gearing falling to 12.5% from 14.7% in the previous financial period as its equity position improved due to retained earnings and proceeds from the recent share placement.

The Group remained operationally cashflow positive at H$116.5 million.

Continued Mr. Hui, “Our green energy business offers great potential and we foresee it to be a significant factor to growing the overall Group profit in the near future.”

The Group has secured orders for 300 solar-powered energy systems for PetroChina petrol stations throughout China and has already started booking in income from this
venture. It is in the process of finalizing orders for another 195 such systems and, will work towards securing more orders.
--- end ----

I just have this feeling that the 2nd half result would be better when they book in more profit for the balance of the order.

Cheers n all the best !!!
josephyeo

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erelation
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10 years 11 months ago #14244 by erelation

Replied by erelation on topic Re:Why I like Swing Media

Hi Josephyeo,

The only pity thing is i brought too little before the release of result....

But nevertheless, a very good timed investment.

All the best for everyone.

Cheers
Yee

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1.618
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10 years 11 months ago - 10 years 11 months ago #14248 by 1.618

Replied by 1.618 on topic Re:Why I like Swing Media

Looking at today's price, there seemed to be nth much to regret alr

Last edit: 10 years 11 months ago by 1.618.

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josephyeo
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10 years 11 months ago - 10 years 11 months ago #14266 by josephyeo

Replied by josephyeo on topic Re:Why I like Swing Media

Be patient w this one. The negotiations for the 195

order been going for quite some time n should be near

conclusion anytime now. And this maybe a catalyst for

the stock to move.

Again, i quote from the CEO - "The Group has secured

orders for 300 solar-powered energy systems for

PetroChina petrol stations throughout China and has

already started booking in income from this

venture. It is in the process of finalizing orders for

another 195 such systems and, will work towards

securing more orders."

Last edit: 10 years 11 months ago by josephyeo. Reason: enter wrong figure

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Chrysalis
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10 years 11 months ago #14272 by Chrysalis

Replied by Chrysalis on topic Why I like Swing Media

Why is sales volume for this stock small?

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erelation
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10 years 11 months ago #14273 by erelation

Replied by erelation on topic Re:Why I like Swing Media

Fundamentally i feel more comfortable with this counter as it already secured first batch of 300 petrol station and in the mist of signing up for more....

With the drop in pricing of solar panel, this has greatly increased the demand and adoption of solar power. The trade dispute with EU on tariff for solar panel will most likely create more price pressure on the price of solar panel. This will make it cost effective for wider usage of solar power.

Sold some of my shares at $0.134 and now buying back to accumulate and prepare for the announcement of new contract.

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