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Net cash company of 12c per share. Backed by order books of around 70million including the recent Tank storage construction contract. Future profit to be around 22million spread out over the next 3 years. Forward PE around 3.5
Book value around 27c.
Looks cheap for an O& G play
Cheng family just bought another 5.2%, now they already own 85%. just 5 more % away to delist and take this company private.
The company has just announced a warrant issue. Hopefully, this will be able to stir some interest into this highly undervalued but illiquid stock. Cash is 90% of the company's market capitalisation but yet no one seems to be interested in this stock.
Hai Leck Holdings Limited announced that its wholly owned subsidiary, Hai Leck Engineering (Private) Limited, has received a letter of award from a client for an Engineering, Procurement and Construction contract. The Project, together with other projects that the Group has secured recently, has increased the Group’s current order book by approximately $73 million.(Close: S$0.20,unchanged)
/sgx
Base on AR of 2010
Share price:0.28
EPS: 4.1 cts
PER: 6.8x
NAV: 25.5 cts
Cash per share: 15.5 cts
Gearing: 0.01
DPS: 1 ct
(Copied from Valuebuddies)
Share price:0.28
EPS: 4.1 cts
PER: 6.8x
NAV: 25.5 cts
Cash per share: 15.5 cts
Gearing: 0.01
DPS: 1 ct
(Copied from Valuebuddies)
With strong fundamental and good financials, still unable to attract more buyers ?
Some buying activities in past few days for this super laggard oil and gas play.
This one should fly any moment from now.
The negative element of this company is liquidity of the share. This one can be very illiquid if onc needs to sell and no buyer is around.
Valuation is rather cheap, order book also very full. Can expect not less than 1.5cts dividend in 2H.
Copied from CNA forum.
Looking at the financial , very strong B/S and good P&L.
Half year EPS is 1.9 cents , PE base on 0.33 is still only 8.6.
NTA : 23.3 Cts.
Borrowing : One million.
Order book : Full for the next 3/4 years.
The cheapest O & G play
Investors are paying attention to this laggard oil and gas related comapny.
Up 10% today. Something brewing ?
only 1cts dividend ; not 10 cts
elizlow ( Date: 22-Oct-2009 00:33) Posted:
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Hai Leck will fly !!!!
Co just announced cum divd of 0.10 cts today. Huat !!!!
Why so quiet in this counter. Co holding AGM this wed, 21.10.09 to approve final divd of 0.8 cts and special divd of 0.2 cts, should bring it to greater height. Vested and waiting patiently for it to move. Good luck to all holders. God bless.