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.39 cents already. Going to cross .40 today I think. Cheers.
The management is not bad... Trust their contacts... Having dividen is the good sign....
hahaha if u say so.
Isolator ( Date: 28-Feb-2011 14:22) Posted:
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No worry about paper loss... This will be more than $1 in a few year time or shorter...
i kept waitin for the price also......kinda underhanded...this way no matter how much it flies e shareholders still paper loss
whitegdn ( Date: 24-Feb-2011 11:29) Posted:
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Wow....so good....finally decide to pay DIV......after 11 years
i agree lor.whatever increase also not enough yet.
Isolator ( Date: 28-Feb-2011 09:51) Posted:
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What so excited over current price... Not even old 2ct price... lol... Anyway, it should go above 40ct...
Someone bought 14.7 million lots @ .465 cents. WOW.
And with this kind of report from SIAS, it ought to fly higher guys.
Cheers.
Wow, this one got power !!
Sapphire Corporation
INCREASE EXPOSURE
SIAS Research | Feb 24
Feb 25 close: $0.315
SAPPHIRE Corp announced a strong set of FY2010 results with operating profit, excluding one-time items, growing by 89.8 per cent from $5.9 million in FY2009 to $11.1 million in FY2010. We expect Sapphire to maintain its strong growth in FY2011 owing to a 42.9 per cent increase in vanadium pentoxide (V2O5) production capacity and full-year contribution from rebar processing at subsidiary Weiyuan Steel Co. Maintain our 'increase exposure' call based on an intrinsic value of $0.60.
Sapphire has increased its V2O5 production capacity from 3,500 to 5,000 tonnes per annum. It is also sourcing for more vanadium slag to facilitate further expansion. We are excited by these moves which has raised Sapphire's growth visibility. We now expect revenue to grow by 25 per cent to $149.8 million in 2011.
The increased capacity will also yield economies of scale for the company and improve its profitability. As a result, we are projecting a reference 5 percentage point increase in gross margin in 2011. Consequentially, net margin is expected to widen from 9.3 per cent in FY2010 to 16.3 per cent in FY2011.
Last month, Sapphire pledged its China Vanadium Titano-Magnetite Mining Co (CVTM) shares to Credit Suisse as collateral to refinance some of its investments. Under the agreement, Sapphire has continued exposure to CVTM share price upside and an exit option via its right to repay the loan using the said CVTM shares from 2013. Notably, this resolves much of Sapphire's funding needs without diluting existing shareholder value.
To further enhance value, Sapphire proposed a dividend of one cent per consolidated share for FY2010 - its first payout since 2004. We view this decision as a signal of strong future growth and sufficient cash flows by Sapphire.
Note: Effective Feb 2, Sapphire was upgraded to the SGX Mainboard from SGX Catalist. Subsequently, Sapphire's shares were consolidated in the ratio of 20 to 1, with trading of the consolidated shares starting on Feb 23.
This is the style of management...lol... Anyway, if reach 20ct, I will take in more and keep.... Got to be patience over it.. It is doing well company...
I felt that the management didnt consider shareholder value.. . consolidate at that unexpected pricing.. disappointing. Now trading below water...worse than before. Anyone can analyse this counter rock bottom share price ?? The mgt didnt even give notice to all shareholders on the confirmed consolidated price prior to the effective trading day ??? why ??? ????
Gone with the wind!
yummygd ( Date: 24-Feb-2011 09:36) Posted:
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haha shares consolidations huh those in favor n voted for it now kena screwed also. che. bullshit. Though e dividend this was expected. but their pricin was way too low.