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This one going to CHIONG up today.... Nice call risk~
(" ,)
Up Up and Away with Turbo charged. Huat liao!!!
up 20% 
Hi
All are retails very hard to push
All are retails very hard to push
Hulumas ( Date: 03-Jan-2013 12:29) Posted:
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Noted with thanks.
risktaker ( Date: 03-Jan-2013 12:10) Posted:
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There is 1 BB that collected few million shares and still collecting..... and i told him later u become a substantial share holder if he keep buying..... if over 15 million shares need to declare liao ........
i q 0.099 and 0.10 but bo tio
| I like Swing Media for the following reasons : |
| 1. closing price on 31st dec was 10.1 cts. Its nav is |
| 44.7 cts. Its trading at only 22.5% of its nav. |
| 2. despite the tough economic environment in the |
| last few years, the company has been able to |
| improve its top n bottom line. |
| FY 2010 revenue : S$126 mil profit : S$6.82 mil |
| FY 2011 revenue : S$133 mil profit : S$ 7.6 mil |
| FY 2012 revenue : S$136.7 mil profit : S$ 8.3 mil |
| 1/2 year 2013 (apr to sept 2012): revenue : S$69.7 |
| profit : S$5.2 mil. |
| If we use a straight line projection the full year |
| profit would be S$10.4 mil. |
| The key point here is that the company has been |
| consistently profitable in the last few years despite |
| the difficult economic environment. |
| 3. based on current price of 10.1 cts it is trading on a |
| p/e of 4.6 and is capitalised at S$37.6 mil. If the projected |
| profit of S$10.4 mil is correct the p/e would be only 3.6. |
| A company w growth in top n bottom lines trading at a |
| p/e of 3.6 is certainly under-valued. |
| 4. closing price on 31st dec was 10.1 cts. |
| the 52 weeks low was 9 cts and high is 13.4 cts. |
| Its trading slightly above 10% of the historical low |
| thereby implying that the risk in investing in this |
| company is low. |
| 5. company has consistently declared dividend in |
| the last few years. Dividend declared for financial |
| year 2012 was 0.19 cts which give a dividend |
| yield of 1.9% based on closing price of 10.1 cts. |
| 6. management seems quite bullish on their |
| business prospects. I quote some from their latest |
| management comments : i) looking ahead, business |
| conditions are improving slightly as the group |
| benefits from industry consolidation, ii) the group |
| also expects to reap rewards from its cost optimisation |
| and increased marketing efforts, iii) the group believes |
| that its core products DVD-Rs and CD-Rs will remain in |
| demand .. Iv) The group also expects increased demand |
| for dual layer DVD-Rs and BD-Rs (blue ray discs) and |
| v) the group has already booked the income from the |
| five previously completed systems… its China subsidiary |
| has secured another 200 solar-powered energy systems |
| order from PetroChina petrol stattions. This brings the |
| group's portfolio of such systems to 300 which is |
| expected to generate an estimated profit of RMB 30 |
| million over the next two years. |
| 7. Notes on the company : |
| a. the company was listed on the 1st feb 2002 |
| b. its IPO price was 70 cts per share |
| c. its operations are headquartered in Hongkong |
| with manufacturing facilities in Hongkong, China n |
| Taiwan. |
| For more details, pls read up on the company. |
| Above are just my views and ways of looking at things. |
| Its not intended to ask you to buy or sell. You are advise |
| to do your own diligent before you make a decision. |
| Based on the above I like the counter and am heavily vested. |
| I wish all of you all the best. |
I say target price 0.25 .....min.... u believed? :) some BB will wack this very soon.....