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Jasper investment - Another hidden gem
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spydertrader
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01-Jun-2007 22:16
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apologies yiewkhong, after checking out thoroughly on jasper, i believe you are right on the money. this is really an extremely undervalued stock. also heard from a VERY reliable source that jasper is abt to run up to 4cents by this month's end. long term target is 6 to 8 cents, end 07/early 08. and yes, wilfred84, you are right too. :am vested today; more than a thousand lots! lets wait patiently for pay day ! : ) |
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wilfred84
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31-May-2007 23:04
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I thought the banks are selling off because they are trimming off their total shares holding. This is because bank cannot hold more than dunno how many percent shares of a company. Isn't it so? | |||||||||||||||
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terencefok
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31-May-2007 22:18
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vested with 700 lots now | |||||||||||||||
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yiewkhong
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31-May-2007 21:53
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hello my dear friend, we are talking about a stock worth 0.025c ~ 0.03c lah! what risk you are talking about? Buy and pick up within your limit! Even the bluest blue chips have risk! |
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ahkiat
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31-May-2007 21:03
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hi guys! " On 23 March 2006, the company, following a change in its principal business from building and construction to investment holding, changed its name to Jasper Investments Limited. " in view of this, jasper officially cannot be considered a construction counter. there is no clear business direction for the public. that is why even the banks are dumping their shares whenever jasper spikes up. 3 cents is really an excellent price for them to dispose their shares. IF banks still view jasper as a construction counter and thus are sure that jasper will get a share of the construction projects coming up, why wouldn't they haang onto jasper shares? i know some of us are vested, and some heavily too. but let's just step back and look from a little distance; perhaps that will help us see from a neutral perspective. use logic and common sense and ask, why don't the banks hold on to a 'promising' stock like jasper? no debts, cash rich, etc. etc. i believe reason being that japer's business is really not clear and thus too risky for the banks. look, since january, many of us have been posting here, 'tomorrow sure cheong!', but every time since then, its a sssslow mmotionnn ccchhheongggging (or rather rallying) that i am seeing. rowley, digiland, lian huat, bbr, csc, koh b, lkh, yongnam, etc, all have stated CLEAR and OFFICIAL businesses that they are in. that's why they are moving. so unless there is a clear direction comment from the company themselves, this counter is too speculative in my opinion. i agree that the $7mil is a one-off gain. |
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yiewkhong
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31-May-2007 20:47
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GENTLEMEN, START YOUR ENGINE! VROOMS! VROOMS! VROOMS! |
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finstk
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31-May-2007 19:20
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Hi Friends, I agree with you, what about other construction companies, BBR,CSC, Rotary, Koh Brother, LKH & Yongnam? |
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spydertrader
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31-May-2007 16:11
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yiewkhong, i agree with you, we need to give jasper a few YEARS to prove themselves. |
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se7enskys
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31-May-2007 15:20
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Jasper Investments - Shortage of sand and granite may hold it back , Yeo Sue En, 30 May 2007 Jasper Invesments expects its piling sector to do well as construction activities climbs in Singapore. However it also says the shortage of sand and granite may impact its precast operations. It reported an increase of 6% in its FY 2007 revenue to S$21.2 mln. According to Jasper, revenue could have been higher if not for the S$4.2 mln revenue included from its discontinued business under ECI Corporation. Net profit was up 582.5% to S$8.9 mln. The business generated S$996,000 in cash compared to S$8.6 mln last year. http://www.sharejunction.com/sharejunction/rssFeed.htm?id=6 |
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StarLine
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31-May-2007 13:02
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http://www.sharejunction.com/sharejunction/news.htm?recordCount=0 | |||||||||||||||
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Jasmen
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31-May-2007 12:11
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Hi Starline, May i know where did get the news:"JASPER INVESTMENTS May be held back by shortage of land sand and granite" Care to share? Thanks :) |
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finstk
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31-May-2007 00:48
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Hi Friend, |
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StarLine
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31-May-2007 00:44
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Is this news true "JASPER INVESTMENTS May be held back by shortage of land sand and granite" ? |
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yiewkhong
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30-May-2007 20:09
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Hi all, Can you find me one company making profit and with a cash reserve of $28m and is trading at 0.025c to 0.03c. I can tell you none except Jasper Investment! Rowley making millions of losses but trading at >0.20c Liang Huat making millions of losses but trading at >0.035c Digiland making millions of losses but trading at >0.04c Just give Jasper Investment a few years to prove themselves. I have vested heavily and already put them in the freezer! |
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spydertrader
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30-May-2007 19:56
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correction is likely on the horizon that's for sure; closer than we think. however, back to jasper, i don't think it will 'cheong' as many of you think. it does not have similar fundamentals as bakertech. firstly, looking at the track record of this co, and seecondly, looking at the stable of projects this co currently has (or rather, does not have), , it seems unlikely for it to move beyond 3 cents. 3 cents was probably due to the 'hype' of jasper's report yesterday. i expect horizontal movement within the 2 and 3 cents bandwidth for the next few months, or till end 2007. sorry guys, but i just cannot see it going beyond, not for this year at least. unless jasper secures a significant project/s, it will not move north. yes, sentimentally we all would love it it to see 6 soon, but realistically its just not possible right now based on the fundamentals that i am seeing. i bet it'll trade in similar patterns to FHTK; lots of activity, hype and volume, but funds are being sucked in and getting quicksanded there. don't mean to pour cold water but facts are facts. if anyone out there has hard facts otherwise, please enlighten us. |
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Pension
Elite |
30-May-2007 19:43
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This counter is target for RTO. | |||||||||||||||
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ahkiat
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30-May-2007 17:03
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http://news.yahoo.com/s/afp/20070530/bs_afp/stockschinatax This is just the beginning. End May/Early June correction forecasted. |
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ahkiat
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30-May-2007 16:46
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I think 0.6mil more isn't really significant. Moreover, most companies should hv performed better in 2006 than 2005. Beware, correction is ALREADY here. The start of it anyway. I believe we can see STI down to 3200 minimum, 1st support level. If it holds, well and good. If not, next level 2800/2900. Better to wait a while and get in Jasper at 0.015 or 0.02. IMHO. Anyone agree? |
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yiewkhong
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30-May-2007 08:53
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Even without the $7m one-off gain, Jasper Investment still managed to achieve FY07 profit of $1.9m vs FY06 profit of $1.3m. It should considered an excellent result. |
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finstk
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29-May-2007 22:40
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Good Results...
Basic EPS (in Cents) 0.114 Fully Diluted EPS 0.099 Building Services Other expenses were mainly due to a diminution in value of a joint venture, business development costs and consultancy fees.ECI Corporation Pte. Ltd. Turnover from precast operations increased by 31% from S$16 million to S$21 million as demand for RC piles rose mainly due to increases in construction and building activities. Gross margin declined by 2%; due to rising material costs. Net profit before tax improved from S$426,000 to S$1.5 million mainly as a result of cessation of unprofitable building materials trading. Resource Piling Pte. Ltd. This associated company reported revenue increases of 30% to S$43 million (FY2006 S$33 million) due to the continued buoyant demand for piling work in the residential and commercial property markets. Share of profit before tax contributed from the associate totalled S$1.9 million. Other Income and other expenses Other income was mainly from gain on disposal of investment in MTU of S$7 million, recovery of debts of S$308,000, sales of scrap S$118,000 and gain on disposal of unquoted investment S$301,000.
Balance Sheets The Group maintained a healthy liquidity position. As at 31 Mar 2007 the Group had cash and cash equivalents of S$28.8 million against S$25.9 million as at 31 Mar 2006. There have not been any material disbursements from the proceeds arising from the issue of shares to Morton Bay (Holdings) Pte Ltd pursuant to a placement agreement dated 26 Jul 2005.
A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. The Company has been actively exploring and seeking strategic investments and business alliances in the Asia Pacific region. The management will continue to focus on growth and expansion, by seeking additional investment opportunities that are accretive to earnings.
With the upturn in the construction activities in Singapore, the specialist building services segment will benefit. We expect our piling associate to perform well. However, the recent shortages of granite and sand may impact the profitability of our precast operations
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