A-Sonic Aero    Last:0.55   -

20 for 1 bonus warrant issue

Looking good. The catalyst to move it above 50c wll be the FY results expected to be out in the later part of Feb 2020. It should be a good set of results.

 

Road block shifted down to 0.40

superstartup      ( Date: 03-Dec-2019 12:44) Posted: Someone put out 450,000 shares at 0.41 for sale. Looks like someone collecting shares, and yet to collect enough. Trying to scare us?  Wow. I like it this way. Best is the CEO buy them. Yo. 450,000 shares out there for you.

 

Moving up.

38 / 39 now.

Likely the CEO buying again.

 

CEO bought more shares. Bought as high as 0.38 per share.

 

CEO bought on Wed, Thurs, Fri.

Let' s c today.

superstartup      ( Date: 03-Dec-2019 14:22) Posted: Waiting for the CEO to buy in open market again. Lai lai.

 

Waiting for the CEO to buy in open market again.

Lai lai.

 

Someone put out 450,000 shares at 0.41 for sale.
Looks like someone collecting shares, and yet to collect enough.
Trying to scare us? 

Wow. I like it this way.

Best is the CEO buy them.
Yo. 450,000 shares out there for you.

 

While the profits from 2 Business Units more than cover that of the lossing $ Business Unit (UBI Logistic Biz Unit), It is positive that the company is seriously looking into  " restructure our business and operations, especially an entity which is incurring losses" . 

Let' s have some updates on the restructuring or sale of Ubi Logistics Biz Unit.

(These days companies on SGX like to announced Strategic Business Review Exercise. Ai yo, A-Sonic - do the same leh. Hahahhha. Then you can easily get your $40m market cap.)

 

Given the CEO been buying shares in open market from 20c all the way to latest, 35c, I don't think there will be a privatisation offer, notwithstanding the company has so much cash on hand versus current market cap. Instead, I see the CEO wanting to keep the listing status. To maintain listing status (exiting SGX watchlist), the CEO got to push the market cap of A-sonic to S$40m, i.e. 68.3c per share. Company perhaps, should just use a bit of its cash holding to do share-buyback. Let's see.

superstartup      ( Date: 02-Dec-2019 13:11) Posted: Just sharing based on details from A-sonic financial results announcement, and a bit of my research. Earnings (as announced by company) A-sonic turns profitable in last FY. Last 9 mths EPS USD 2.58 c, with latest 3Q EPS been USD 1.20 c Dividend Paid S$0.01 (1 cent in Singapore dollar) Liabilities as at 30 Sep 19 No long-term liabilities, except for lease liabilities of USD $1.1m Bank borrowing USD $4.3m NTA per share as at 30 Sep 19 S$0.675 (in singapore dollar) Outstanding Shares 58.48m Cash on Hand as at 30 Sep 19 USD$23.4m Divestment of 40% associate company, Silver Express (see announcement 26 Oct 19) Note: MOU at this stage Net Consideration USD $3.825m NTA increase by S$0.057 (5.7c in singapore dollar) Assets: Land & Building carried at Cost or Cost less Depreciation  a) Leasehold Unit net carrying value = USD $1.2m. Estimated Market Value = S$3m, based on Internation Plaza market comparables = > RNAV increase by S$0.023 (2.3c in singapore dollar) b) Freehold Land & Building carrying value at cost. (still searching for the exact location of the freehold property to assess the Market Value. Anyone has the details, can share please. Thanks.) Revalued NTA based on all the above, including the divestment S$0.675 + S$0.057 + S$0.023 = S$0.755 (in singapore dollar, yet to account for the freehold property) Cash on Hand taking into consideration the Divestment announced on 26 Oct 19 (note divestment is MOU at this stage) USD $23.4m + USD $3.825 = USD $27.225m Cash per share = S$0.638 (63.8 singapore cents), Exchange Rate using 1.37 SGX Watch-List Extracted from Company Announcement dated 12 Nov 19 " Despite being profitable, with volume weighted average price of S$0.2148 per share for the last six (6) months since the date of this announcement, and Net Book Value of S$39.5 million as at 30 September 2019, we are still in the SGX watch list. This is solely because we have not achieved an average daily market capitalization of S$40 million. The Board of Directors endeavours to manage, restructure, and navigate our business activities, notwithstanding the uncertain global economic condition. In contrast, the Company&rsquo s market capitalization is highly correlated to the liquidity of our trading share price. The Company&rsquo s share price as at the date immediately preceding this announcement was trading at discount of 214%, or 2.14 times below our Net Book Value as at 30 September 2019." " We will continue to: (i) restructure our business and operations, especially an entity which is incurring losses and (ii) attempt to increase productivity. We will endeavour to strive for our economic sustainability and financial strength in the interest of our shareholders."   CEO Purchase of Shares in Open Market Latest purchase been last Friday at average price of S$0.34556 Just sharing only.  Please perform your own due diligence. And do highlight to me if any of the above is wrong. Many thanks.

 

Just sharing based on details from A-sonic financial results announcement, and a bit of my research.

Earnings (as announced by company)
A-sonic turns profitable in last FY.
Last 9 mths EPS USD 2.58 c, with
latest 3Q EPS been USD 1.20 c

Dividend
Paid S$0.01 (1 cent in Singapore dollar)

Liabilities as at 30 Sep 19
No long-term liabilities, except for lease liabilities of USD $1.1m
Bank borrowing USD $4.3m

NTA per share as at 30 Sep 19
S$0.675 (in singapore dollar)

Outstanding Shares
58.48m

Cash on Hand as at 30 Sep 19
USD$23.4m

Divestment of 40% associate company, Silver Express (see announcement 26 Oct 19)
Note: MOU at this stage
Net Consideration USD $3.825m
NTA increase by S$0.057 (5.7c in singapore dollar)

Assets: Land & Building carried at Cost or Cost less Depreciation 
a) Leasehold Unit net carrying value = USD $1.2m.
Estimated Market Value = S$3m, based on Internation Plaza market comparables
= > RNAV increase by S$0.023 (2.3c in singapore dollar)

b) Freehold Land & Building carrying value at cost.
(still searching for the exact location of the freehold property to assess the Market Value. Anyone has the details, can share please. Thanks.)

Revalued NTA based on all the above, including the divestment
S$0.675 + S$0.057 + S$0.023 = S$0.755 (in singapore dollar, yet to account for the freehold property)

Cash on Hand taking into consideration the Divestment announced on 26 Oct 19 (note divestment is MOU at this stage)
USD $23.4m + USD $3.825 = USD $27.225m

Cash per share = S$0.638 (63.8 singapore cents), Exchange Rate using 1.37

SGX Watch-List
Extracted from Company Announcement dated 12 Nov 19

" Despite being profitable, with volume weighted average price of S$0.2148 per share for the last six (6) months since the date of this announcement, and Net Book Value of S$39.5 million as at 30 September 2019, we are still in the SGX watch list. This is solely because we have not achieved an average daily market capitalization of S$40 million. The Board of Directors endeavours to manage, restructure, and navigate our business activities, notwithstanding the uncertain global economic condition. In contrast, the Company&rsquo s market capitalization is highly correlated to the liquidity of our trading share price. The Company&rsquo s share price as at the date immediately preceding this announcement was trading at discount of 214%, or 2.14 times below our Net Book Value as at 30 September 2019."

" We will continue to: (i) restructure our business and operations, especially an entity which is incurring losses and (ii) attempt to increase productivity. We will endeavour to strive for our economic sustainability and financial strength in the interest of our shareholders."  

CEO Purchase of Shares in Open Market
Latest purchase been last Friday at average price of S$0.34556

Just sharing only. 
Please perform your own due diligence.
And do highlight to me if any of the above is wrong. Many thanks.

 

Let' s see after lunch our CEO buys again.

 

... forgot 1 important point.

4. Coy paid a dividend of 1 cent per share for last FY. A dividend yield of 3%. So even if the share price stays stagnant, your investment still provides a return of 3%.

mustang      ( Date: 30-Nov-2019 19:25) Posted: The stock market is imperfect, snd therefore we find mis-pricing of coy share price all the time. I find this is a common phenomenon in our market. Many of such coys suffer from poor liquidity, and therefore poor interest from market participants. Such Coys offer the biggest potential for huge returns, but you must have the ability to hold and have the patience to wait for months and sometime years. This stock probably brings back painful memories for its mant faithful shareholders. I think there were 2 round of shares cinsolidation, and therefore many of these shareholders are holding very small quantity of shares. It explains why it is not easy to find big sellers for this stock. In my analysis, this Coy probably top my picks amongst those i am currently analysing. It is a compeling BUY for the following reasons: 1. its share price is mis-priced, it is grossly undervalued 2. Coy has turnaround, showing improved profitability since FY 2018 and 3. Insider pursuing aggressive buy programme in the open market. Kindly note this is my analysis, and what i expect may not come to light. You have to conduct your due diligence before you commit precious monies on any investments. This one is top in my watch-list currently.

 

The stock market is imperfect, snd therefore we find mis-pricing of coy share price all the time. I find this is a common phenomenon in our market. Many of such coys suffer from poor liquidity, and therefore poor interest from market participants. Such Coys offer the biggest potential for huge returns, but you must have the ability to hold and have the patience to wait for months and sometime years. This stock probably brings back painful memories for its mant faithful shareholders. I think there were 2 round of shares cinsolidation, and therefore many of these shareholders are holding very small quantity of shares. It explains why it is not easy to find big sellers for this stock. In my analysis, this Coy probably top my picks amongst those i am currently analysing. It is a compeling BUY for the following reasons:

1. its share price is mis-priced, it is grossly undervalued
2. Coy has turnaround, showing improved profitability since FY 2018 and
3. Insider pursuing aggressive buy programme in the open market.

Kindly note this is my analysis, and what i expect may not come to light. You have to conduct your due diligence before you commit precious monies on any investments. This one is top in my watch-list currently. 

 

Wait for me leh 

mustang      ( Date: 29-Nov-2019 19:04) Posted: It looks like we have a ceo who is competing aggressively with buyers today for A-Sonic shares. She just reported on SGX that she bot a total of 27,000 shares at an average price of SGD$0.34556. She made 2 buy orders at 13:02:41 (25,000 shares), and 15:33:36 (2,000 shares). Aggressive buy up. Kindly see info below. Look like i need to add more next week.  5. Number of shares, units, rights, options, warrants, participatory interests and/or principal amount/value of debentures or contracts acquired or disposed of by Director/CEO: Purchase of 27,000 shares at S$0.34556 each at open market. 6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$9,330.12   Time Price Trade Size Type 15:33:36 0.345 2,000 Buy Up 13:54:39 0.330 6,600 Sell Down 13:54:39 0.335 10,000 Sell Down 13:02:41 0.350 3,000 Buy Up 13:02:41 0.345 20,000 Buy Up 13:02:41 0.345 2,000 Buy Up 11:55:17 0.325 100 Sell Down 11:44:44 0.325 3,700 Sell Down 11:44:44 0.330 4,600 Sell Down 11:33:53 0.330 5,400 Buy Up 11:28:39 0.330 50,000 Buy Up 10:36:16 0.320 100 Sell Down 10:22:17 0.320 700 Sell Down

 

It looks like we have a ceo who is competing aggressively with buyers today for A-Sonic shares. She just reported on SGX that she bot a total of 27,000 shares at an average price of SGD$0.34556. She made 2 buy orders at 13:02:41 (25,000 shares), and 15:33:36 (2,000 shares). Aggressive buy up. Kindly see info below.

Look like i need to add more next week. 

5. Number of shares, units, rights, options, warrants, participatory interests and/or principal amount/value of debentures or contracts acquired or disposed of by Director/CEO: Purchase of 27,000 shares at S$0.34556 each at open market. 6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$9,330.12
 

 

Yes, get a list of properties and the addresses of these properties. Then you conduct a search on the URA website for recent sale transactions of similar properties in these locations to get the market value of these properties. It is hardwork, but nothing is easy in the stock market. 

superstartup      ( Date: 29-Nov-2019 14:27) Posted: Thanks. Yep. I am trying to see how much their properties worth. As they are recorded in the books at cost. mustang      ( Date: 29-Nov-2019 13:59) Posted: I have not gone down to such details after i developed severe eyes problem... nowaday i cant read alot. But your question brings back fond memories of my younger days when i used to conduct onsite visits of the properties of targeted coys i was researching, like the Tai Seng Office Building of PM Data, and Super Coffee major property development at Balestier before it was acquired by its sister coy Hiap Hoe. But you are on the right track

 

Thanks.

Yep. I am trying to see how much their properties worth. As they are recorded in the books at cost.

mustang      ( Date: 29-Nov-2019 13:59) Posted: I have not gone down to such details after i developed severe eyes problem... nowaday i cant read alot. But your question brings back fond memories of my younger days when i used to conduct onsite visits of the properties of targeted coys i was researching, like the Tai Seng Office Building of PM Data, and Super Coffee major property development at Balestier before it was acquired by its sister coy Hiap Hoe. But you are on the right track. superstartup      ( Date: 29-Nov-2019 12:00) Posted: Any idea where is their freehold property? (Not the International Plaza unit) Searched the web, but not able to find out the details. Though I suppose it was acquired by the company in Year 2012 + / - Thanks

 

I have not gone down to such details after i developed severe eyes problem... nowaday i cant read alot. But your question brings back fond memories of my younger days when i used to conduct onsite visits of the properties of targeted coys i was researching, like the Tai Seng Office Building of PM Data, and Super Coffee major property development at Balestier before it was acquired by its sister coy Hiap Hoe. But you are on the right track.

superstartup      ( Date: 29-Nov-2019 12:00) Posted: Any idea where is their freehold property? (Not the International Plaza unit) Searched the web, but not able to find out the details. Though I suppose it was acquired by the company in Year 2012 + / - Thanks. mustang      ( Date: 29-Nov-2019 08:50) Posted: Did some analysis of A-Sonic last nite. A-Sonic was placed into the SGX Watch-list in June 2017 after showing 3 years of consecutive losses, and deadline for cure is June 2020. It is also in SGX watch-list for MTP like all mainboard listed coys which share price trade below 20C. In FY 2018, A-Sonic reversed 3 consecutive years of losses and turned in a Profit after Tax of USD$630K. For FY 2019 (first 9 months), A-Sonic Profit after Tax is already USD$1.309M.  I expect A-Sonic to make an application to SGX to have the Coy removed from the SGX Watch-list before June 2020. This is likely to be granted and will be another catalyst to move A-Sonix share price. Kindly take note of SgYuan posting on his assessment of A-Sonic technicals thru elliot wave analysis. Good Luck!

 

Any idea where is their freehold property? (Not the International Plaza unit)
Searched the web, but not able to find out the details.
Though I suppose it was acquired by the company in Year 2012 + / -

Thanks.

mustang      ( Date: 29-Nov-2019 08:50) Posted: Did some analysis of A-Sonic last nite. A-Sonic was placed into the SGX Watch-list in June 2017 after showing 3 years of consecutive losses, and deadline for cure is June 2020. It is also in SGX watch-list for MTP like all mainboard listed coys which share price trade below 20C. In FY 2018, A-Sonic reversed 3 consecutive years of losses and turned in a Profit after Tax of USD$630K. For FY 2019 (first 9 months), A-Sonic Profit after Tax is already USD$1.309M.  I expect A-Sonic to make an application to SGX to have the Coy removed from the SGX Watch-list before June 2020. This is likely to be granted and will be another catalyst to move A-Sonix share price. Kindly take note of SgYuan posting on his assessment of A-Sonic technicals thru elliot wave analysis. Good Luck!

 

Did some analysis of A-Sonic last nite.

A-Sonic was placed into the SGX Watch-list in June 2017 after showing 3 years of consecutive losses, and deadline for cure is June 2020. It is also in SGX watch-list for MTP like all mainboard listed coys which share price trade below 20C.

In FY 2018, A-Sonic reversed 3 consecutive years of losses and turned in a Profit after Tax of USD$630K. For FY 2019 (first 9 months), A-Sonic Profit after Tax is already USD$1.309M. 

I expect A-Sonic to make an application to SGX to have the Coy removed from the SGX Watch-list before June 2020. This is likely to be granted and will be another catalyst to move A-Sonix share price.

Kindly take note of SgYuan posting on his assessment of A-Sonic technicals thru elliot wave analysis.

Good Luck!