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Benjamin Graham said:
1. Adequate size of enterprise. sales > $100mln. Pass
2. Sufficiently Strong Financial Condition. Current ratio> 2 (pass), LT debt < net current assets (pass)
3. Earnings stability. positive eps for past 10 years. (pass for past 5 yrs)
4. Dividend record. Uninterrupted payments for 20 yrs. (pass for 5 yrs)
5. Earnings growth - 30% increase in eps over 10 yrs (fail for 5 yrs only 8%)
6. Moderae PE below 15 (fail, PE is 21.35)
7. Moderate Price to assets < 1.5 (fail, Price to bk is 3.75)
Kyoto2008 ( Date: 01-Nov-2014 03:23) Posted:
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Never did see Benjamin Graham gripe about current ratio.
I think acid test ratio is more critical for purposes of assessing liquidty, and for that I' d go further to scrutinise accounts receivable.
Not sure where the fool pick this up, let me check my Benjamin Graham book for clues. I never do trust analysts, they like to sensationalise and how lian, coz it' s not their money being invested.
tobias_i_d ( Date: 26-Sep-2014 17:08) Posted:
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Next summit 475.
bishan22 ( Date: 20-Oct-2014 18:58) Posted:
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Closed with a long white candle. Swee...
bishan22 ( Date: 20-Oct-2014 16:00) Posted:
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not sure... the price hasn' t returned to its initial position before it gapped down in end of July... I hope the party is not over yet :)
bishan22 ( Date: 20-Oct-2014 16:00) Posted:
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Great sales gone liao.
However, working in SIA&rsquo s favour is the apparently low risk that an investment in the company carries. The company carries negligible debt of only S$25m, which is peanuts for a company with a book value of around S$1.4b. It also pales into insignificance when compared to the net current asset value of the company, which stands at just over S$930m.
The healthy balance sheet leaves SIA with a current ratio of three, which is comfortably above the value of two that Benjamin Graham would hope to see.
details below:
http://www.fool.sg/2014/09/24/would-benjamin-graham-buy-sia-engineering-company-limited/
what is your target price?
Attempting to clear 50 days. Good luck.
tobias_i_d ( Date: 23-Sep-2014 15:08) Posted:
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Agree... added to my watchlist
bishan22 ( Date: 23-Sep-2014 14:26) Posted:
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Still within the magic number. Not for contra. Reasonable dividend payout even when aircraft services are in cold mode. SIA not MAS......
tobias_i_d ( Date: 23-Sep-2014 14:12) Posted:
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SIA Engineering has been showing good resistance and support these couple of days... time to buy? :D
Yup! i vested at 4.6. I hope it goes up soon. ^.^ Good luck people,
The price has gone up to 4.64, resistance at 4.65, if it breaks this point, likely to go on to 4.70.
Not a counter for contra play, this is a mid to long term investible stock.
Gone up by a couple of cents.
Prospective buyers do need to know that analysts' reports attributed MH accidents to lower repair and maintenance of engines at SIA Engineering and therefore partially explaining the slowdown in earnings in the first quarter results.
There is also speculation that overcapacity may require some time to clear.
Those are the negatives.
DYODD. Expect this will be slowly crawling, it is a stock for long term holders.
Crawling up.
bishan22 ( Date: 30-Aug-2014 15:30) Posted:
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Figured that MAS close down, SIA would benefit. SIA Engineering as the support service would also see more biz.
Poems analytics:
" SIA Engineering Company Limited is engaged in the provision of airframe maintenance and component overhaul services, the provision of line maintenance and technical ground handling services, fleet management programs and investment holdings. The Company operates in two segments: repair and overhaul, and line maintenance. The repair and overhaul segment provides airframe maintenance, component overhaul, and engine repair and overhaul services, and fleet management programs. These services include scheduled routine maintenance and overhaul, specialized and non-routine maintenance, modification and refurbishment programs. The line maintenance segment provides aircraft certification and technical ground handling services such as push-back and towing, and the provision of aircraft ground support equipment and rectification work. "
Gross Margins: 81.54%
Net Profit Margin: 21.58%
PE: 20.54
ROE: 19.95 (PAST 3 YEARS 20% and above) - consistently high return on equity
I think this is a gem that has been disregarded by the market, and should make a swift comeback. Where to find such highly profitable co.s?
Ebola threat is not as bad as we had imagined previously, as it is a contact disease rather than one spread through the air. And there seems a cure being tried out presently.
Can nibble a bit to test it. Market very volatile.
Kyoto2008 ( Date: 30-Aug-2014 11:34) Posted:
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Signs of recovery? White candle has cleared the 20MA on the way up to next MA
Kyoto2008 ( Date: 30-Aug-2014 11:27) Posted:
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