Special Situation stocks

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28 May 2019 08:03 #24778 by BNN
Replied by BNN on topic Special Situation stocks
Powermatic full year FY 2019 -- solid profit growth of 55% and operating cash flow. On top of that, sitting on a freehold property that is a big chunk of its NTA.

8 cent dividend declared -- higher than 7 cent in FY18.

Share price $1.65 so yield is almost 5%. Much better than FD rate of 3 to 4.5% per year with large upside potential for capital gain.
Better still, if it gets privatised (perhaps at $2.60)

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03 Jun 2019 07:53 - 03 Jun 2019 07:54 #24785 by BNN
Replied by BNN on topic Special Situation stocks
sharing excellent post from valuebuddies.com

P10 of FY2019 results certainly looks interesting:


(Revenue)
1H2019 $8.709m 2H2019 $12.245m --> (yoy increase 48%)
1H2018 $7.785m 2H2018 $8.261m

(Profit)
1H2019 $2.825m 2H2019 $4.170m --> (yoy increase 106%)
1H2018 $2.496m 2H2018 $2.020m

Looks like the race by many countries to speed up 5G development is certainly benefiting PM Data's wireless business.

Cash & financial assets ($41.52m) and property ($17.07m), adds to a total of $1.69 per share , without including revaluation gains on their freehold property or any value to their wireless business which is now generating close to $7m profit per year.

This little 'powerbank' just keeps charging shareholders bank accounts
Last edit: 03 Jun 2019 07:54 by BNN.

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06 Jun 2019 01:21 #24788 by bluesky3000
Agm hardly reveal much stuff, everything is too vague

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11 Jun 2019 08:53 #24810 by Val
Replied by Val on topic Special Situation stocks
REX has completed divestment for US$45 million but stock price is slow to react. still at 7.2 cents. Market cap S$93 million which severely undervalues the company as it is even lower than the sum of:


Divestment US$45m.
as at end-1Q19 .... cash and cash equivalents at US$3.3 million
quoted investments at US$27 million. .

Total already S101 million.

Zero value given to huge huge Oman oil assets and REX technology.

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25 Jun 2019 13:33 #24834 by BNN
Replied by BNN on topic Special Situation stocks
Oxley's boss, Ching Chiat Kwong, has resumed buying shares of United Engineers.

4,772,400 shares
for S$12,312,792

Average price: $2.58


He now owns 142,801,100 shares = 22% stake in United Engineers.

What's his game plan?

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02 Jul 2019 12:24 #24851 by BNN
Replied by BNN on topic Special Situation stocks
Someone is patiently accumulating Powermatic around $1.75. Truly a value stock.

Cash & financial assets ($41.52m) and property ($17.07m), add up to a total of $1.69 per share --- without including revaluation gains on their freehold property or any value to their wireless business which generates close to $7m profit per year.

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