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SPINDEX INDUSTRIES LIMITED
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sunview
Veteran |
29-Mar-2016 14:00
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Today' s transaction volume is considered high for this counter. But looking at the queue track, there appears to be program selling at $0.72. Good or bad ? I dun know. |
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n3wbie
Elite |
29-Mar-2016 12:17
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good spot, one of the more low-profile manufacturers coming into the spotlight recently. despite being labelled as one of the competitors of Innovalues, Spindex commands a lower margin compared to them. apart from a recent non-rated report issued by CIMB, there hasnt been much noise about Spindex. they do have some catch-up to do in terms of valuation tho. |
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sunview
Veteran |
29-Mar-2016 12:14
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Wow, deserted in the wilderness for almost 4 years. Well, probably because it is so thinnly traded. Volume has improved somewhat in the last 2 days. Spindex has been doing well consistently over the past few years. It maintains a healthy balance sheet, has net cash in hand and gives out dividends. Currently it is trading at 5x historical PE and 0.96x P/BV, compared favourably with that of Innovalues&rsquo s 11.7x PE and 3.25x P/BV. |
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tea444u
Elite |
31-Aug-2012 19:59
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if purely looking at div returns, SECOND CHANCE PROP giving 3.3 cents div and the price is abt the same as spindex's right now...just that this second chance very slow moving...typically moves only nearing to cd announcement or xd day.... good luck
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joshplim
Member |
31-Aug-2012 11:32
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The company NTA is about $0.54. is it possible will cash offer to delist due to undervalue? 
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joshplim
Member |
31-Aug-2012 11:09
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hi , with cum dividend S$0.018, is it good to buy now? |
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