Latest Forum Topics / Armstrong | Post Reply |
Sleepy Stock Woke Up??
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des_khor
Supreme |
23-Apr-2007 10:36
Yells: "Tell me who is the God or MFT from this forum??" |
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can say more of the counter take turn to wake up lioa..... |
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spurs88
Senior |
23-Apr-2007 10:05
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CIMB targets $0.37!!!!!!!!!CHEONG AH!!!!!!!! We initiate coverage of Armstrong, a provider of precision engineering solutions to diverse industries, with an Outperform rating and target price of S$0.37, offering 54% upside potential. We expect Armstrong?s net profit to grow by 26% CAGR between FY06 and FY09, underpinned by its automotive and rubber components businesses. Armstrong?s efforts to expand to the automotive sector are paying dividends, as more automotive component requirements are sourced from Asia, especially China and Thailand. It is also focusing on the rubber business, which it successfully returned to profitability in 2006. Our target conservatively pegs Armstrong at the lower end of target P/Es (11x CY08) we use for automotive component suppliers listed in Singapore and Hong Kong, to factor in its smaller size. We see potential catalysts from a strong set of half-yearly results (announcement in Aug 07) and possible synergistic acquisitions |
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kodiak
Senior |
20-Apr-2007 17:08
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cheong on Monday!! |
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K.H.Neo
Member |
20-Apr-2007 17:03
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What a cool run in last 5min |
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K.H.Neo
Member |
18-Apr-2007 11:06
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Armstrong looks good today juz buy in 100 lots @ $0.25 looks like another SMB |
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shplayer
Elite |
06-Apr-2007 15:33
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Vic, Nothing ventured, nothing gained.......... but, only if you've done your homework and calculated your risk, which I am sure you did. |
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singaporegal
Supreme |
05-Apr-2007 22:06
Yells: "Female TA nut" |
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wow... vic is right. This counter's volumes are like from zero to hero. |
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shplayer
Elite |
05-Apr-2007 18:02
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Looking at the timing of the married deals and the announcement in my earlier post, both happened concurrently. Coincidence??? |
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shplayer
Elite |
05-Apr-2007 17:57
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Could today's activity be due to this???? The Directors of Armstrong Industrial Corporation Limited (the "Company") wish to inform that the 2006 Annual Report of the Company has been despatched to the shareholders of the Company on 5 April 2007. The Directors wish to inform that the Auditors, without qualifying their opinion, has drawn attention to Note 9 of the financial statements, pertaining to a long-term loan, in the last paragraph of the Independent Auditors' Report. The emphasis of the similar matter was also reported in the past four years' Annual Reports. The Independent Auditors' Report is attached herewith for information. As at 31 December 2006, the outstanding loan extended by the Company to an investee company, Soon Lee Realty Ltd ("SLR") in which the Company has a 15% stake, was S$10.7 million (2005: S$10.3 million). The Board of Directors would like to provide an update on the industrial property project undertaken by SLR. The SLR project had been financed by a S$96million bond and the balance financed by shareholders' loan. On 2 February 2007, SLR had prepaid the remaining balance on the bond amounting to S$18 million, of which S$15 million was due on 28 March 2007 and S$3 million would have been due on 28 March 2008. By order of the Board Chuang Sheue Ling Company Secretary 5 April 2007 The $10.7 mil works out to about 2.14 cts per share. |
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agesis
Member |
05-Apr-2007 16:56
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Volume have been surging up for the past week, guess BB have accumulate and is pushing the price up now. No news on the married deal. BTW your stamford land also moving up. Thanks for sharing this counter with us, vested small amount. |
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shplayer
Elite |
05-Apr-2007 16:49
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Another 6.5million married deal. Total trades done so far today (approx 59m) represent about 11.5% of issued shares. |
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shplayer
Elite |
05-Apr-2007 16:24
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30m married deal just done at 19 cts........ frenzy chasing up of price....now at 21.0 cts.. Anyone got new of this counter? |
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