Latest Forum Topics / PEC Last:0.74 -0.01 | Post Reply |
pec...a cash rich counter to be look out for
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cccx123
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14-Oct-2013 17:46
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One reliable indication of a successful and growing company is not simply its ability to secure new contracts from new clients, but to secure new contracts from its existing client base. The signing of almost 50million sgd worth of contracts is proof of that. I have confidence in this company going forward. It's 4% dividend yield is extremely attractive even if capital appreciation is found slightly wanting with PEC's share price trading at such a deep discount to an NAV of 83cents, according tot he most recent annual report 2013.
During the AGM, we need to query the board on its cash flows and ability to expand into new segments. Mr Dumpeling did not elaborate on what new fields PEC will be venturing into in his most recent statement on the contract wins. We can expect stability in PEC's share price since more than 30% of it is held by Edna or her nominees, the current chairperson of this company. Sitting tight and getting ready to receive my dividend cheque. :) |
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tonylim
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14-Oct-2013 09:01
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PEC like Rotary is a robust company with very strong fundamentals and a holistic capability in plant infrastructure and project management. Vested.
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cccx123
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13-Oct-2013 15:49
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The bollinger bands are also tightening, indicating a breakout or breakdown. The signal line of the MACD is converging upwards while the stochastic oscillators are showing renewed signs of life after the downtrend. 100, 50 and 20 day MAs are also stabilizing with the cross between the 100 day MA and 50 day MA occurring on late October.
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cccx123
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13-Oct-2013 15:35
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Bought a lot of PEC stock last week. Have been studying its financial reports and although I find management to be extremely conservative, such a route is understandable in the uncertain economic climate. The huge cash pile of 35-40cents per share will go a long way in helping the company withstand any headwinds in the future. A stock price of 60cents does not do justice to an NAV of 80cents.
With the Verwater-Audex saga behind the company we can expect PEC to follow the recent uptrend Rotary is enjoying. PEC and Rotary's stock price more often than not tend to track each other. Thus far, we are I only seeing Rotary's stock moving while PEC's continues to consolidate at the 60cent range. With the Blumont and penny stock saga, more money is going to be directed to companies with strong fundamentals and the ability to pay dividends. PEC with a dividend of 2.5cent give us a 4% yield at current price. On the other hand, the last dividend paid by Rotary, 0.5cents gave only an yield of 1%. With a strong balance sheet, recurring cash flows from maintenance projects and huge cash pile. PEC is primed to expand its reach into the oil and gas business. If the company can take advantage of the shale gas boom, a slightly different we may see the stock trading at $1 once more. On a technical view, the nearest support turned resistance to any uptrend would be 63cents. The last attempt to break this resistance failed in mid-September and the stock price retraced back to 60cents. It is high time PEC ventured up again. Good luck to all vested. |
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Polarbear55
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18-Sep-2013 16:53
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Cheong Ah!!! Huat time ahead! 😃 😃 💰 💰 💰 | ||||
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shygiraffe
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18-Sep-2013 15:39
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lai liao...... looking good |
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edwinjup
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18-Sep-2013 14:51
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Start to move...got.some projects.or.mgt buy | ||||
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AAwang
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01-Sep-2013 15:42
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this is a cyclical stock and Pec has almost negative free cash flow for last 3 years. Besides, looking at the thin margin ( which is less than 3%), i really don't have confidence on this stock, especially no much good news from pec for a while.  |
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Polarbear55
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22-Aug-2013 18:13
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Nice move today! 😊 ...will accelerate once clear $0.615 👍 | ||||
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francisd
Veteran |
22-Aug-2013 10:32
Yells: "BUY LOW SELL HIGH" |
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PEC continues to give 2.5 cents dividend. Cheers.   |
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bryancbq
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21-Aug-2013 22:44
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I like the fact that the coy is able to secure more new contracts, but profits havent been stellar due to rising cost pressure which squeeze their margins. Might not be accurate to compare to historical low as previously, there werent so many govt interventions in terms of foreign labour in singapore | ||||
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sunview
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21-Aug-2013 22:39
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A good counter with low trading volume, and no or few analyst coverage. Last close at $0.585, quite close to historic low. EPS for 4Q13 = 2.0 cents  EPS for FY13 = 4.8cent, giving PE = 12.2x Dividend = 2.5 cents, or a dividend yield of 4.3% NAV = 83 cents or a Book Value of 0.705x |
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Polarbear55
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21-Aug-2013 19:35
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Hope it will run up like last year!! Huat Ah! | ||||
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edwinjup
Master |
21-Aug-2013 19:28
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Result out today...2.5cents dividen...cat | ||||
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Polarbear55
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19-Aug-2013 23:51
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Some buying action today..when is their Q2 results out? :)
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edwinjup
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16-Jul-2013 20:11
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With experience investor like halleluyah joining..i believe pec got a very good prospect ...there is an increase in.activities in jurong island by shell...hope pec able to benefit from..result our next month with dividen..hope mgt give more dividen to us rather keep a big pile in bank | ||||
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Polarbear55
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15-Jul-2013 00:33
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Some weak pulses seen last week..lifting off soon? :) | ||||
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halleluyah
Elite |
07-Jul-2013 23:19
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Bot some at 0.59 to play play...almost at the lowest.
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edwinjup
Master |
14-May-2013 09:19
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Fy result out in three months time..should be better than last year...usual 3 cents dividen should be no issue...hope mgt can give more to shareholders since they got lots of cash and do nothing much...rather putting 100millions in bank..distribute 50millions to us and each will get around twenty cents | ||||
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chinhomia
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08-Feb-2013 12:18
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think that the price will keep droping......n will be a good buy when below 60 cents | ||||
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