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good recovery.
hem2998 ( Date: 29-Aug-2014 10:21) Posted:
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volume not too heavy for a 10% fall.
may be an opportunity to buy
No circuit breaker?
kye_lin ( Date: 29-Aug-2014 09:41) Posted:
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Wah... drop 10%.. market dun like the news.....
Just a few questions for them
1) how will they plan to turn Singapore flyer profitable and into a cash cow like other business? It is well known that the business has been languishing for a while
2) their financial results always boast that they are debt-free and have a cash hoard of $99m (if I rmb correctly). Flyer is going to cost $140m. How will their dividend policy change? Previously dividend was gaining year on year.
1) how will they plan to turn Singapore flyer profitable and into a cash cow like other business? It is well known that the business has been languishing for a while
2) their financial results always boast that they are debt-free and have a cash hoard of $99m (if I rmb correctly). Flyer is going to cost $140m. How will their dividend policy change? Previously dividend was gaining year on year.
Wait for their plan end 2014...
stevenlim109 ( Date: 29-Aug-2014 08:29) Posted:
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i doubt it will make good money !!
edwinjup ( Date: 29-Aug-2014 07:43) Posted:
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The flyer lease left 20yrs to wheel....so 1 yr is 7m....
InvestNotTrade ( Date: 28-Aug-2014 17:31) Posted:
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Probably share price drop upon lifting
BUT this is a good news:
1) Synergy with Straco business
2) STB will probably sell at cheap price since this wheel is a loss-making business anyway
ozone2002 ( Date: 28-Aug-2014 14:22) Posted:
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Why buy a loss-making operation :(
Hopefully the dividend every year remain intact even with this $140 million purchase.
Should depend on how much they pay for it. Sometime, can get a good price and add value to redevelop it like hotel or mixed development. If they really depend on that big Wheel, I think it can " goes stun" but frankly do you think they are so stupid. Only impact is their revenue high, profitability is anyone guess.
RoundRound ( Date: 28-Aug-2014 15:50) Posted:
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Insofar since its years of operation, our Singapore Flyer have not bring much luck to the operator
is this considered good news or bad news? dont know how the price will move after lifting TH
ozone2002 ( Date: 28-Aug-2014 14:22) Posted:
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The Group' s strong balance sheet with gross cash of more than S$100mn can therefore continue to pay attractive dividends, reinforcing the valuation method of a divdend discount.
The stock remains attractive despite recent gains - No change in my price target (see My Stock Picks Yield section).
InvestNotTrade : That make perfect sense as it seems too crazy to be true! -)
when i see $0.67 in the morning, the volume is only 2 lots. so don' t read too much into it. maybe some overzealous buyer did an error trade or something.
investopenly ( Date: 02-Apr-2014 09:41) Posted:
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Wow! Looks like the horse is running super fast early in the morning! Shoot up to $0.67 when open today and now trading at $0.615.
Anyone has any idea the reason(s)?
Straco Corporation 4Q13 results came in at the higher end of estimates, as net profit surged 79% to $5.6m taking FY13 net profit to $34.1m (+73%). Revenue for the quarter grew 32% to $14.6m, led by increased visitation to its two aquariums, where combined visitation grew 17.1% to 0.59m visitors. Bottom-line was buoyed by other income which jumped 21.2% to $1.3m, due to higher retail concessionaire income and certain government subsidies and cash awards received by the group's two aquariums. Overall operating margins grew further to 59.0% vs 45.8%. Going forward, Straco guides that domestic tourism is expected to continue growing with the nation?s increasing affluence and accessibility, which augurs well for the Group. The first China Tourism Law, which came into effect in Oct?13, is reshaping the domestic travel industry, and has increased the number of higher-yielding free independent travellers (FITs) to Straco?s attractions since its implementation. Overall, the group?s fundamentals remain solid with a whooping net-Cash of $108.1m (12.8c per share), representing 26.4% of market cap. At the current price, Straco trades at just 8.8x FY13 ex-cash P/E. The group has declared total dividends (First and final + special) of 2c per share (FY12: 1.25c per share) Latest broker ratings as follows: CIMB maintains Add with TP $0.61
wa formatting so screwed up. let me try again
- Cumulative revenue grew 32% to $72.8 million
- Cumulative net profit surged 72.8% to $34.1 million
- Debt free since 2008
- Operating cash flow of $35.7 million generated
- Proposed first and final dividend of 1.25 cent per share + special dividend of 0.75 cent per share
EPS of 4.01c --> P/E around 12
NAV of 19.07c --> P/B around 2.5 (on the high side)
Div of 2c ---> Yield of 4+ %
Still got potential for the next few quarters! Increasing volumes recently, buying interest!
Do your research on this company, promise the fundamental for this company is solid
InvestNotTrade ( Date: 28-Feb-2014 23:26) Posted:
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