Jaya   

Jaya Holding

Still sleeping, no movement at all.

 

The shares are still  undervalued according to

Kevin Scully.

ozone2002      ( Date: 29-Jan-2012 12:07) Posted: analysis from Kevin Scully..   What to do with your Jaya shares ? If there is a takeover - we should wait for the advice of the indepenent financial adviser on the merits of the takeover offer.   Meanwhile, we should evaluate Jaya on its own fundamentals. I still like Jaya because it's undervalued.   Its NAV per share   in Q1-2012 was US$0.593 or about S$0.74 if we use S$1.26=US$1 exchange rate.  Jaya's current fleet in my opinion has a hidden value of US$100mn against their market value.  This would add another S$0.16 to its reported NAV, bringing its NAV to S$0.90.   Earnings are likely to be disappointing but charter income should come in around S$25-30mn, then you can add another S$10-20mn from vessel sales.  You then have a range of net profit of about S$30-50mn giving you an EPS of between S$3.9 cents to S$6.5 cents or a PER of 9-16 times which is probably fairly valued on earnings basis.   Given Jaya's strong balance sheet and NAV support,   the shares are still undervalued at these levels even if the takeover offer doesn't materialise but investors need a recovery in the OSV charter rates for the share price to rerate fundamentally close to the S$0.90 level.

 

I believe this is your sell call?

pnuklis      ( Date: 03-Mar-2012 18:34) Posted: Strong balance sheet and huge debt is no use. It is time for Jaya to pay back the principle of it's debt which is huge monster. They have to sell the Batam yard to IHC to sustain the blow and at what price (distress salaes). Deucher bank is rich an punters can afford to loose. Get off this train before it is too late!

 

Strong balance sheet and huge debt is no use. It is time for Jaya to pay back the principle of it's debt which is huge monster. They have to sell the Batam yard to IHC to sustain the blow and at what price (distress salaes). Deucher bank is rich an punters can afford to loose. Get off this train before it is too late! 

 

In my opinion, good to accumulate." The shares are still undervalued

at these levels" according to Kevin Scully. Agreed

 

very strong the past few days, graph looks good to me.. any more upside? or maybe beginning of a new uptrend?

 

Catching up lor, good luck

 

ozone2002      ( Date: 29-Jan-2012 12:07) Posted: analysis from Kevin Scully..   What to do with your Jaya shares ? If there is a takeover - we should wait for the advice of the indepenent financial adviser on the merits of the takeover offer.   Meanwhile, we should evaluate Jaya on its own fundamentals. I still like Jaya because it's undervalued.   Its NAV per share   in Q1-2012 was US$0.593 or about S$0.74 if we use S$1.26=US$1 exchange rate.  Jaya's current fleet in my opinion has a hidden value of US$100mn against their market value.  This would add another S$0.16 to its reported NAV, bringing its NAV to S$0.90.   Earnings are likely to be disappointing but charter income should come in around S$25-30mn, then you can add another S$10-20mn from vessel sales.  You then have a range of net profit of about S$30-50mn giving you an EPS of between S$3.9 cents to S$6.5 cents or a PER of 9-16 times which is probably fairly valued on earnings basis.   Given Jaya's strong balance sheet and NAV support,   the shares are still undervalued at these levels even if the takeover offer doesn't materialise but investors need a recovery in the OSV charter rates for the share price to rerate fundamentally close to the S$0.90 level.

 

Favourable analysis from Kevin Scully but notice

that investors are not interested in this stock.

When there is spark there is fire

ozone2002      ( Date: 29-Jan-2012 12:07) Posted: analysis from Kevin Scully..   What to do with your Jaya shares ? If there is a takeover - we should wait for the advice of the indepenent financial adviser on the merits of the takeover offer.   Meanwhile, we should evaluate Jaya on its own fundamentals. I still like Jaya because it's undervalued.   Its NAV per share   in Q1-2012 was US$0.593 or about S$0.74 if we use S$1.26=US$1 exchange rate.  Jaya's current fleet in my opinion has a hidden value of US$100mn against their market value.  This would add another S$0.16 to its reported NAV, bringing its NAV to S$0.90.   Earnings are likely to be disappointing but charter income should come in around S$25-30mn, then you can add another S$10-20mn from vessel sales.  You then have a range of net profit of about S$30-50mn giving you an EPS of between S$3.9 cents to S$6.5 cents or a PER of 9-16 times which is probably fairly valued on earnings basis.   Given Jaya's strong balance sheet and NAV support,   the shares are still undervalued at these levels even if the takeover offer doesn't materialise but investors need a recovery in the OSV charter rates for the share price to rerate fundamentally close to the S$0.90 level.

 

Is it still a good buy or not?

ozone2002      ( Date: 29-Jan-2012 12:07) Posted: analysis from Kevin Scully..   What to do with your Jaya shares ? If there is a takeover - we should wait for the advice of the indepenent financial adviser on the merits of the takeover offer.   Meanwhile, we should evaluate Jaya on its own fundamentals. I still like Jaya because it's undervalued.   Its NAV per share   in Q1-2012 was US$0.593 or about S$0.74 if we use S$1.26=US$1 exchange rate.  Jaya's current fleet in my opinion has a hidden value of US$100mn against their market value.  This would add another S$0.16 to its reported NAV, bringing its NAV to S$0.90.   Earnings are likely to be disappointing but charter income should come in around S$25-30mn, then you can add another S$10-20mn from vessel sales.  You then have a range of net profit of about S$30-50mn giving you an EPS of between S$3.9 cents to S$6.5 cents or a PER of 9-16 times which is probably fairly valued on earnings basis.   Given Jaya's strong balance sheet and NAV support,   the shares are still undervalued at these levels even if the takeover offer doesn't materialise but investors need a recovery in the OSV charter rates for the share price to rerate fundamentally close to the S$0.90 level.

 

Agreed with Kevin Scully's analysis that this is

a good stock. Financially ok with very good NAV.

Vivivie      ( Date: 29-Jan-2012 22:17) Posted: Jaya has had a good jump, time for it to consolidate and correct a bit when people take profit. Fundamentally, a good stock as Kevin Sculley says. However, there are many many unrecognised good stocks out there too. KEVIN SCULLY: " The good, the bad and the possible regarding Jaya"

 

Thank you and have a nice day.

eurekaw      ( Date: 01-Feb-2012 09:48) Posted: off already AnthonyTan      ( Date: 01-Feb-2012 09:47) Posted: Anybody know whether the takeover is still on or off. Care to share.

 

off already

AnthonyTan      ( Date: 01-Feb-2012 09:47) Posted: Anybody know whether the takeover is still on or off. Care to share.

 

Anybody know whether the takeover is still on or off.

Care to share.

 

Jaya has had a good jump, time for it to consolidate and correct a bit when people take profit.
Fundamentally, a good stock as Kevin Sculley says. However, there are many many unrecognised good stocks out there too.

KEVIN SCULLY: " The good, the bad and the possible regarding Jaya"

 

analysis from Kevin Scully..

 

What to do with your Jaya shares ?

If there is a takeover - we should wait for the advice of the indepenent financial adviser on the merits of the takeover offer.   Meanwhile, we should evaluate Jaya on its own fundamentals. I still like Jaya because it's undervalued.   Its NAV per share   in Q1-2012 was US$0.593 or about S$0.74 if we use S$1.26=US$1 exchange rate. 

Jaya's current fleet in my opinion has a hidden value of US$100mn against their market value. 

This would add another S$0.16 to its reported NAV, bringing its NAV to S$0.90.   Earnings are likely to be disappointing but charter income should come in around S$25-30mn, then you can add another S$10-20mn from vessel sales. 

You then have a range of net profit of about S$30-50mn giving you an EPS of between S$3.9 cents to S$6.5 cents or a PER of 9-16 times which is probably fairly valued on earnings basis.  

Given Jaya's strong balance sheet and NAV support,   the shares are still undervalued at these levels even if the takeover offer doesn't materialise but investors need a recovery in the OSV charter rates for the share price to rerate fundamentally close to the S$0.90 level.

 

 

only one way to solve this..

PAY UP!!! :)

 

maybe ihc want to buy at 65 cents but shareholders are asking above nta 72 cents....hope can come out the deal before feb

AnthonyTan      ( Date: 26-Jan-2012 13:17) Posted: No concrete confirmation yet. Appeal no interest from investors. Care to share?

 

I longed at the top today, cheers

stockmarketmind      ( Date: 26-Jan-2012 15:58) Posted: Wow, jaya is like a rocket! Anyone longed at the bottom?

 

Wow, jaya is like a rocket! Anyone longed at the bottom?