| Latest Forum Topics / PNE Industries Last:0.485 -- |
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Another undervalued stock!!!
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terencefok
Master |
28-Nov-2013 13:21
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I am still in here. Dividend maintained as profit was lower. however, excluding a non-cash impairment loss profit would have been just 600K lower. details are in announcement on SGX. Anyway, I spoke to the Managing Director at the AGM in Jan. He indicated that company's policy is on collections (of receivables) first, followed by sales. This prudent approach helps company prevent any receivables write-off. Inventory has more or less been maintained at stable levels. Cash balance is now higher at 15m, with no debt and low capex. Another plus point is the steep discount to book value of 21.1 cents, and the slowly increasing dividends over the last few years. The MD also said that if he can he would love to give more dividends too as he is the biggest shareholder. Overall, a decent stock to hold for dividends, quite a defensive stock. Of cause, only negative point i see now is the low trading volume. Vested. |
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guoyanyunyan
Elite |
28-Nov-2013 12:01
Yells: "uncertainty always exist" |
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...this is a neglected / bad performing counter...for more than 5 years... no posts :-( PNE Industries Ltd yesterday said its
profit for the fiscal full year ended Sept 30, 2013 fell to $3.76
million from $5.61 million a year ago. Turnover decreased 13.2%
year on year to $81.86 million from $94.35 million due mainly to lower
sales recorded by the trading segment. Earnings per share for the year
were 1.12 cents, down from 1.67 cents a year ago. Similar to a year ago,
a first and final dividend of 0.4 cent per share has been recommended. |
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jm2212
Senior |
05-Jan-2008 09:16
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is a dead stock, bought 200 lots for slightly more than 2 months, trading volume is so thin or practically no trading at all. understand the business is good, but not sure why there is no interest from many investors. |
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terencefok
Master |
05-Jan-2008 00:02
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Haha, looks like I have another follower, seems to be new to SJ. Very nicely cornered. Another potential multi-bagger in the making? |
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Ah_Ken
Member |
04-Jan-2008 23:57
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Good profit for this Company. Anyway, just received the AR today and noticed something: 1) The largest shareholder holds slightly over 10% stake only. 2) The public float is relatively small, 19.67% only. Not sure what the above implies with regards to takeover or whatsoever, however, one thing I am sure about is that this stock has been cornered, and I am sure people out there like terencefok are watching such cornered stocks. Any comments from SJ Members? Cheers |
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terencefok
Master |
02-Dec-2007 17:24
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Hi I am back at this thread again, with good news of course. FY net profit has gone up from 3 million plus to 4 million plus. Quite a good company, since most of its assets are current assets, so not subject to depreciation. Operating cashflows also healthy. EPS 1.26 cents, NAV 16.1 cents. Dividend quite low though, 0.2 cent per share. Second half performance was very good. Check out item no. 15 from SGX announcement. Vested with 210,000 shares |
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terencefok
Master |
31-Jul-2007 09:28
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Testing the 0.165 resistance again. This time I think will break out, MFI up from 68 to 72, volumes are rather high now, compared with past few weeks. |
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terencefok
Master |
31-Jul-2007 09:24
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Gathering upward momentum, now at 0.165. Someone bought 600 lots at 0.165, hardly any sellers |
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soyabean
Member |
30-Jul-2007 21:21
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Nice to hear that. But sometimes, I am also tempted to let go earlier so as to ride the bigger wave. |
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terencefok
Master |
30-Jul-2007 15:52
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Liquidity is not a problem for me. I can afford to hold for 2 to 3 years at least |
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soyabean
Member |
30-Jul-2007 15:49
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Hi terencefok, may want to take a look at San Teh as well. Not exactly a penny stock, but trading well below its nav as well. Recent results are also trending up. Only prob is, there's quite a low liquidity. |
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terencefok
Master |
30-Jul-2007 14:49
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Looked at the quote movements again this morning and saw the 2 same buy queues as friday, 0.135 and 0.14, 400 lots each. There must be two big boys out there who have their reasons for wanting to buy so much. When they decide to increase their price, this stock will start to run. Suggest collecting it now before they come into action. At current prices, this stock is very gracious, letting people collect before moving up. Vested |
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terencefok
Master |
27-Jul-2007 16:48
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The path upwards looks clear for PNE Ind. Anyway, noobie, thats how I calculate free float. amateur99, I plan to keep this stock till it gets to 0.30. (2x NTA) |
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noobie
Member |
26-Jul-2007 13:58
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Hi terence, is this how one should calculate for free float? Also, you do mean "total traded volume" for the day, right? Do you also retabulate whenever Directors reduce their stakes? I think victorian is also calculating for his kantangs but not sure if his methods is the same as yours. Anyway thanks for sharing. Its people like you and victorian keeps me coming back to learn new stuffs. |
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amateur99
Member |
26-Jul-2007 13:41
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terence, do you plan to keep it for longterm? or let go soon after breakout? thanks |
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terencefok
Master |
26-Jul-2007 13:26
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What I did was to look at the number of shares from the annual report not controlled by the top 20 shareholders, then everyday, i just minus the trading volume from the free float till negative. |
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blackjac
Member |
26-Jul-2007 00:09
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Hi Terence May I ask how do you tell the current free float in the market? Why do you say its 'cornered'? How to tell? Thanks. |
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terencefok
Master |
24-Jul-2007 18:52
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Stock has been cornered today. Current Free Float is -2,087,850 |
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terencefok
Master |
24-Jul-2007 18:43
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Volume up today. 2,998,000 done. 0.155 resistance broken. 1.81m done at Buyer queue, 1.17m done at Seller queue. Retail selling, but BBs bought up. One large trade, 600 lots done at 0.16 RSI up from 61 to 67, Stochastics up from 66 to 76. MFI up from 76 to 82. MFI above 80 = funds flowing into counter. |
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terencefok
Master |
24-Jul-2007 15:45
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Starting to move. Volumes picking up. This stock has awaken. |
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