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i happended to pass by there around 11am on a Sat morning and their business was quite good.
jomini ( Date: 22-Jul-2014 02:12) Posted:
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try walk down e stretch of pawnshops near ang moh kio hub n u ll see how real their revenue is. better than speculating abt things based on a few words
spore1 ( Date: 21-Jul-2014 22:56) Posted:
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The recent expansion into Malaysia immediately added 8 Outlets + another 26 outlets to be rolling out in Malaysia + existing 37 outlets in Singapore will more likely to boost their revenue & Net Profit.
Suddenly gap up to $0.4..
We are direct provider of fresh cut bank instrument for lease/sale, such as BG,SBLC, MTN, Bank Bonds,specifically for lease with no upfront payment, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options.
Our BG/SBLC Financing can help you get your project funded, loan financing, please let me know if you are interested in any of our services, by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding.
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spore1 ( Date: 04-Jul-2014 15:47) Posted:
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Value max moving up Moneymax more likely to move up too
Singapore listed pawnbrokers - ValueMax, MoneyMax & Maxi-Cash
Steady gold prices, in whichever direction, will benefit the pawnbrokers. Gold has rebounded 11% this year and is the second-best performing metal after nickel. The gold price has rallied over the past three months from USD1,200/oz at the start of the year to US$1,335/oz on 21 March 2014.
Three factors - weather-impacted slower US economic activity, Chinese credit concerns and tensions between Russia and Ukraine - have played a key role in pushing gold prices higher. According to our Head of Regional Materials and Mining Shekhar Jaiswal, this rally has also coincided with a slowdown in outflows from gold ETFs. However, despite the 2014 rally, gold has a long way to go from recapturing its 2013 loss. We expect the gold price to remain steady at current levels of USD1350 for FY14 and USD1325 for FY15. This will lend a boost to the pawnbrokers.
Read more » ...last:$0.320...
Seems expansion plans dry up.
Their forceasy is based on gdp liao.
Knn like that's. Pls sack ceo n cfo
Their forceasy is based on gdp liao.
Knn like that's. Pls sack ceo n cfo
guoyanyunyan ( Date: 03-Mar-2014 11:50) Posted:
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Expect earnings to pick up after IPO year
- 4Q13 Revenue increased 13% y-y. For the full year, revenue declined 13% y-y at S$75.6 million on lower retail and trading revenue
- FY13 net profit was lower at S$1.8 million, due to higher costs in conjunction with IPO and with new retail outlets launch.
- Final dividend of 0.3 cents per share declared, representing 54% payout.
- We remain positive and reiterate a " Buy" rating with revised TP of S$0.405.
We met up with the management recently after MoneyMax's 4Q13 results announced on 26 Feb 14. Decline in FY13 revenue was mainly due to lower retail & trading revenue. This was a result of lower gold prices and management's decision to increase inventory of pre-owned jewellery and watches in its retail outlets. The strategic shift from trading to retail sales yielded higher gross margin at 35.0%, compared to 29.4% FY12 gross margin. Pawnbroking revenue remains flat despite decline in gold prices, as pawnshop pledges received continue to rise. Fullyear net profit declined mainly due to 1) one-off IPO expense of S$1.2 million, 2) higher ad and promo expenses, which is expected to taper off after end 2013, 3) expenses incurred for refurbishment of existing outlets and 4 ) increases in rental costs from launch of new retail outlets. Excluding one-off net IPO expense, FY13 net profit was estimated at S$3.1 million.
Final dividends declared came as a surprise, given the absence of dividend payout guidance in its prospectus. We view the payout on a conservative level and expect future payout to remain as such while the Group focus on its retail expansion.
How do we view this
The decline in FY13 net profits was mainly due to higher expenses in conjunction with IPO launch in 2013. Increase in advertising and promotion expenses was due to high production costs incurred. Higher staff costs from expansion of retail outlets as well as increased corporate activities contributed to the increase in expenses. We expect better net profits in FY14F in view of:
- Advertising and promotional expenses to taper off after 2013
- Modest recovery in gold prices observed in Jan-Feb 14
- Positive on both retail and pawnbroking segments ahead
Investment Action
We updated our estimates for FY14F earnings and remain positive on better earnings outlook ahead. We maintain our " BUY" rating with a new target price of S$0.405, with implied 29% capital upside potential and 23.8x FY14F PE multiple. ...last\ $0.315...
Source: Phillip Securities Research - 3 Mar 2014
Ok dump today, TA doesn't look good but the most sickening part is that this ship very illiquid. I hv to lose a few bid to dump my holdings. Lost quite a number of opportunities as a result. Hence never look back.
Bye bye my money max
Now focus on my last two ships
Charisma n sinogrand
Rest say bye bye. Titanic coming phase 2 later part of year.
So must be choosy. Once usa liquidity gone, all penny will be sucked as well. Be selective.
Property lpoks good for long term.
Bye bye my money max
Now focus on my last two ships
Charisma n sinogrand
Rest say bye bye. Titanic coming phase 2 later part of year.
So must be choosy. Once usa liquidity gone, all penny will be sucked as well. Be selective.
Property lpoks good for long term.
ritchner scale 8.88888 coming?? Whats that? Why you lose interest in this liao?? |
ok going to dump this stock by next week.
Will see big swing.
ritchner scale 8.88888 coming
The only thing good about thus stock is when all collapse it doesn't move.
If it diesnt reverse course by financial announcement, then really ki chia. Got to cut loss liao.
Theoretically interest up shd be good for mr pawn.
If it diesnt reverse course by financial announcement, then really ki chia. Got to cut loss liao.
Theoretically interest up shd be good for mr pawn.
If no gold jewelleries or valuable items as colleratals, Pawn shops will not anyhow lend out any $$$.....
wk888888 ( Date: 28-Jan-2014 20:53) Posted:
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All need money for CNY la
Hockey ( Date: 28-Jan-2014 18:21) Posted:
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我 等 到 花 儿 也 谢 了
Why is this still going down despite the increasing gold price?
Nobody is interested in this counter anymore??
Any one got opinions here??
Wa this one really make me wait till DLP.
TA still flirting around 32 breakout or down.
But likely to go up if recent sign of gold price is any indication
TA still flirting around 32 breakout or down.
But likely to go up if recent sign of gold price is any indication
Lai liao
If final q show improvement then chance it will close up tp close gap at 36.
40 cents bit difficult . Dum think too far
40 cents bit difficult . Dum think too far