Good piece of info...  I will buy more lots...

I see and appreciate your points.  Yeah, agree that many forumers should have made their millions aready.  Frankly I know some of the forumers who made it. 

Hope you also make it as soon as possible.  I am still trying, but have confidence to make it even at this time of the market.

It's not very nice to state name. PIM is also important here.   Why not you do a search and read more under the following heading

Others   /   How to be a millionaire by 2012?    Thanks and Best Regards

You can either buy up to 25% and give a general offer.  Another way is to buy a reasonable amount of shares and request for a board representation without a general offer.  Azeus capital is 300,000,000 shares, and it would require abt SGD$4.5 million to 5 million to buy 25 percent. The company presently has good contracts in the IT and computers business.  They could have more the SGD$10.00 million or more in cash horde.  Just do some calculations, if for general offer it might take upto SGD$18 Million. to buy all the shares at 6 cents. 

Azues is not ideally a counter where an analyst will invest in.  However, it depends on your objective and preference as a share investor.  Looking at its annual report one can observe the following:

1.  That the company is cash rich, and having more than 50 percent of its assets in cash and cash equivalents.  This makes it owing others little or lesser and thus have a lower liability.

2. The Current Ratio (CA vs CL) is high and is about 11.3 which means that for every dollar it owes, it has 11.30 dollars to back it.  Thus no problem with creditors and therefore less likely to fail in a crisis.

3. Although there is a decline in net profit from previous year, but we could understand owing to the global financial crisis.  But we look at it that there is prudence exercised since there is an increase in the reserves. It must be noted that it has a low ROE. Analysts don't like low ROEs.

4. The interesting part is that the market price is giving a good dividend yield of 8.33 percent as already calculated. High saving yeilds lovers will like this type of yields which cannot be obtained from interest rates provided by banks in Singapore. Needless to say, bank has lesser risk and savers money in banks returns very marginally.  If the years are fast to go by, then savers will prefer to put it in shares and collect dividends.

CE: This is by no means everything to say about the company and is also not a calling to buy or sell.

Thanks Jeremy for pointing out that debts are not deducted from shareholders equity.  They are in fact  one of the liability items contributing to the end figures of shareholders' equity.

Coming to ROE again, it should not be considered as an absolute indicator of investment value. After all, this ratio gets a big boost whenever the value of the shareholders' equity goes down.

Writedowns and share buy-backs normally depress shareholders' equity and provide and artificial boost to the ROE.

Furthermore, a high ROE doesn't tell you if a company has excessive debt and since shareholder's equity is assets less liabilities, which represent what the firm owes, including its long and short-term debt... So, the more debt a company has, the less equity it has; and the less equity a company has, the higher its ROE ratio will be. 

On the whole, the ROE figures of 15% or higher has always been prefered and those companies with ROE of less then  15% not a preferred.  But for most people who play shares in a small way, they are not so concerned about most financial ratios.  I seldom use any because mostly am on hit and run basis.

Cheers.