Latest Forum Topics / Baker Technology Last:0.615 -0.005 | Post Reply |
It's time to rebound ????
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WanSiTong
Master |
04-Aug-2013 14:52
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Those who had done their home work like Bro SFGuyRuleZ & follow the rule of " Buy on dip & sell on news" plus not too greedy would have already enjoyed their Lemon Pie (instead of the short form LP, Lol) News on the disposal of its subsidiary (PPL Holdings Pte Ltd) had announced long ago before Jan 2013. Share price before Jan 2013 was about $0.32. The share price went up to the recent high of $0.485 on 25/2/13 when he Co officially declared the 10c dividend . Those who had bought the shares earlier on and sold it when the news came out  made 16.5c profit.
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Octavia
Elite |
04-Aug-2013 14:32
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Once it hits  below 20c penny it will be more volatile in trade.22-23c maybe more likely in the near term.
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Octavia
Elite |
04-Aug-2013 14:05
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Do not be overly excited abt its current price(0.265) vs its NAV(0.36).I saw many stocks trading below its NAV and some as big  as 65% difference.Once it is trading lower it will trend lower unless the company has a good business model or a have niche over its peers.Unfortunately not for this counter.Similar counters  such as  Jaya,Swissco,Marco Polo,Ausgroup providing support to oil exploration industries were all reporting lower profit quarter after quarter. With exception of oil exploration companies like Kris,Rex, Ramba or Interra Resources are still holding well and trading way above its NAV even though some are still losing money.Investors are attracted to its business potential  hence willing to pay a premium.At the end of the day the market decides.
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SFGuyRuleZ
Veteran |
04-Aug-2013 12:30
Yells: "You are your own master.." |
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In a way if ppl buy now at $0.265 and just from the intrinsic value of $0.36 itself, they already have a gain  of $0.095 if they keep it for long term, based on the fact if $0.0144 net income/ share is earned annually (assuming no inflation). The idea of DCF is about time value of money, meaning if for example you invest 100 years in Baker Tech, in 100 years time (year 2113) you ought to have gotten $1.44. But from the discount factor and yield of 0.04 I used, it means the $1.44 in year 2113 is equivalent to $0.36 now. Moreover if one buys now, there is also a capital gain of $0.295 (0.56 -0.265) if market realize this value in the long term. And looking at $0.265 now and assuming $0.0144 net income/share being earned annually is still true, the share price of Baker Tech should still appreciate by $0.0144 anually. Whether value of 0.36 and 0.56 will be achieved or not, it shall be determined by the market. What I assume above is if as a retail and passive investor, we can still get hold of all the net income per share, but which in reality, is not that ideal. Therefore, if management can no longer produce growth in profits, they should start to give out more dividends. In fact, Baker Tech recently gave out 10 cents dividends. It is Market itself which decided that the share price should drop more than 10 cents, not the fault of the management and company. So yeap, just think about it.. =)
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ysh2006
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04-Aug-2013 10:01
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Good div where got good , share  price appreciation better because they give you 10 cents div ,they take back 10 cents from  the share price become no gain , LP vs PL...
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SFGuyRuleZ
Veteran |
04-Aug-2013 01:38
Yells: "You are your own master.." |
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Some fundamentals for Baker Tech: Acid-test Ratio: 11.36 (Super Good) Current Ratio: 12.3 (Super Good) Debt-to-equity ratio: 0.08 (Incredibly good!!) Net Debt to Income Ratio, based on current earnings: is negative, not need to even calculate!! Net Cash (Cash and cash equivalents - total debt): $172.3 million Valuing it as already a stable company with no more room for growth in profits, and based on it's solid fundamentals, it can be treated as risk-free, giving it a conservative discount factor of 0.04, Intrinsic Value / share = 0.36 Net Cash/ Share = 0.2 Fair value / share = 0.56. This company's fundamentals is really very solid. In fact, it got too much cash and if no more room for growth in profits, management should consider giving out more dividends. It would be good to invest if one looks for dividends. How good would have to depend on the dividend yield. I am really " wowed" by the fundamentals, but not vested as I looking for capital-gain companies also.. |
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WanSiTong
Master |
03-Aug-2013 22:31
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In fact net profit after tax for 2Q2013  is $ 8.2m higher than 2Q2012 if the exceptional item, deferred gain of S$58.2 million from the disposal of its subsidiary (PPL Holdings Pte Ltd) is excluded.
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WanSiTong
Master |
03-Aug-2013 20:34
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Investors are  looking for company with strong Balance Sheet. So fast the Co disposed off assets with huge capital gain & shareholders are also rewarded accordingly. Money is King! With the muscle  they can seek new opportunities to improve its future income stream.    BakerTech NTA is 26.6c as at 30/6/13 SGX 's NTA is 83.11c but their share price is $ 7.66. How to explain?
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beginners
Senior |
03-Aug-2013 19:19
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If really can go to 2.0 and below I will load some and keep:) | |||||||||||||
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vincente
Senior |
03-Aug-2013 17:28
Yells: "hope for the best" |
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What is the use of a strong balance sheet if the share price is not accretive.There is no capital gain for investors.You alluded that the $191.9m is in your own bank account ha?
 
In  reality,after dedcuting  the 10c DVD,investors still lose abt 0.065c/share to date.The company is disposing their asset to look good in their financial report.Further there is no inflow of new project going forward.
 
Even before the disposal, the NTA of 35c is already higher than the market traded price, which I  thought was a safe bet. I was wrong to assume that. Personally, I look at the NTA as the " PARF" value of the company.At that time,  alarm  bells should have sounded when a director sells into the market before it goes EX-DVD.Another lesson learnt should have also consulted with more senior trader for advice.Better to move on.Think Monday price may gapped down 1.0-1.5c in line with the loss earning per share.
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WanSiTong
Master |
03-Aug-2013 10:07
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It is not a bad news BUT a fact & old news and it is expected. Net profit for 2nd quarter dropped $ 50.3M due mainly to  a   deferred gain of S$58.2 million from the disposal of its subsidiary (PPL Holdings Pte Ltd) which was recorded in 2Q2012. The Group recorded a gain of S$8.9 million from the disposal of associate (DO) in 2Q2013. Good news ! The Group maintains a very strong cash balance of S$191.9 million as at 30 June 2013, with no gearing / borrowing.
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Octavia
Elite |
02-Aug-2013 23:32
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It is a bad news but expected. I was contemplating to buy before the 10c  dividend payout but decided not to  after further consideration.Guess many still hanging on to it as the price did not recover to pre-XD value.
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WanSiTong
Master |
02-Aug-2013 23:08
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WanSiTong
Master |
02-Aug-2013 23:05
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2Q 2013 Performance On 24 June 2013, Baker Tech sold its entire 20.29% stake in an associated company, DO. However, comparatively, quarterly profit was 82% lower year-on-year due to the deferred gain of S$58.2 million recorded in 2Q2012 from the disposal of the Group’s subsidiary, PPL Holdings Pte Ltd (“PPL Holdings”).
1H 2013 Performance Group revenue decreased 22% and gross profit declined 11% from 1H2012, due to a slowdown in order intake but slightly offset by higher margins from jobs completed in 1Q2013. Administrative expenses were S$0.8 million lower at S$3.8 million. Net profit was S$14.6 million, compared to S$74.9 million in 1H2012, due to the recording of gains from the disposal of PPL Holdings as well as York Transport Equipment (Asia) Pte Ltd in 1H2012.
The Group maintains a very strong cash balance of S$191.9 million as at 30 June 2013, with no gearing. Shareholders’ funds were S$232.0 million, compared to S$268.1 million as at 31 December 2012, due to the payment of dividends amounting to S$87.2 million, but partially offset by S$36.5 million in proceeds from warrant conversions as well as retained profits for the period. |
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Octavia
Elite |
02-Aug-2013 22:43
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Baker Technology's Q2 profit down 82 BAKER Technology on Friday said its net profit for the second quarter ended June 30 fell 82 per cent year on year to $11.32 million, with a lower gain on disposal. During the quarter, the marine offshore equipment and services company recognised a gain of $8.86 million from the sale of an associate, compared to a $58.24 million gain on disposal a year ago. Revenue fell 12 per cent year on year to $22.14 million, due to the general slowdown in order intake. Earnings per share for the quarter were 1.40 cents, down from 8.76 cents a year ago. |
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beginners
Senior |
06-Jul-2013 10:49
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Will it goes below 0.280? | |||||||||||||
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WanSiTong
Master |
04-Jul-2013 09:58
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By now BakerTech is S$ 41.35 mil richer !!
DISPOSAL OF INVESTMENT IN DISCOVERY OFFSHORE S.A. 1. INTRODUCTION The Board of Directors (the “ The gross proceeds from the Disposal amount to approximately NOK199.33 million or approximately S$41.35 million based on the exchange rate of S$1.00 : NOK4.8209 as at 24 June 2013 and will be satisfied fully in cash and payable by end of this week. Board”) of Baker Technology Limited (the “Company”) refers to the announcement by Discovery Offshore S.A. (“Discovery”) dated 24 June 2013, in relation to the purchase of 17,958,447 shares in Discovery, at a price of Norwegian Kroner (“NOK”) 15.00 per share, by Hercules Discovery Ltd., a wholly owned subsidiary of Hercules Offshore, Inc. (“Hercules”). NOK15.00 per share (the “Disposal”). |
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WanSiTong
Master |
29-Jun-2013 15:32
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Btw these huat kueh are baked by Peter Pan.
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WanSiTong
Master |
27-Jun-2013 10:59
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Huat liao should distribute huat kueh to everybody !!   Let everyone huat huat !
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beginners
Senior |
26-Jun-2013 20:01
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Will there be any special DVD for shareholders after the gain in $$? | |||||||||||||
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