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the iNfOrmatiOn is frOm SharE JunctiOn stOck pagE.
acercreative ( Date: 23-Mar-2010 23:05) Posted:
| NAV is positive 7.3 cents as of 31 Dec 2009. where did the negative number come from?
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thanks for explaining.
Take the latest figures on starhub. you can reference them on my google spreadsheet here [link here >>]
The current share price is around $2.28
The enterprise value, which is (Market Cap + Long Term Debt-Cash) is $2.32. Thats close to current share price since its equity : longterm debt:short term debt ratio is 1:6:6
The FY2009 Free Cashflow is $0.26. This free cashflow is what is earn in 2009 minus away any capital expenditure.
From this you will be able to see that Starhub to pay out $0.20 in dividend, they still have $0.06 cents left over.
If we take Enterprise Value per share dividend by Free Cashflow you get a figure of 8.9 times. What this means is that all else being equal, the cashflow generation after capex should allow you as an investor to recurperate your 100% investment in 9 years time. Its average compare to other dividend yielders.
I normally hate to do Discounted Cashflow analysis, because growth rate and discounted rates are so hard to predict.
Growth rate: We take that this lousy stock grows at 2% per year
Discounted Rate:Inflation or required rate of return being 2% per year
Basically with these figures it is essentially stagnating.
Using a Free Cashflow of $0.26 we get a present value for the next 10 years of cashflow as $2.80.
[DCF of starhub here >>]
i dunno whether it is negative asset or not, but to me, equity is also borrowing money, debt is also borrowing money. which is cheaper? at a ratio of 1:6:6, if equity you need to pay investors 9%, long term bonds you pay bond holders 4% and short term borrowing you need to pay bank 1.25% which will you choose?
lesliesiaky ( Date: 24-Mar-2010 00:01) Posted:
Negative asset is based on current asset, net asset (non current) is still positive as you have indicated. That is probably why humblepie pointed out to consider the long term cash flow. Depending on how you see it, the rationale of having negative asset (attribute mainly by its loan) but yet still distributing 10% dividends with long term loan decreasing year over year, could simply indicate it is better off to bear the low interest debt and maintain a high yield return to shareholders.
Some people might not like this combination, as it might indicate company is taking the stand that shareholder is better off investing the 10% payout themselves as compared to Starhub reinvesting into the business for future growth.
If starhub can maintain its cashflow for the next few quarters, with some organic revenue growth, then it should be strong indication that it has achieve a good mix of cash return and growth that should propel the stock back to $3 region. The future competitions with SingTel and M1 is something that put some investor away, . |
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D-Link Router for Starhub Digital Voice Modem 
Negative asset is based on current asset, net asset (non current) is still positive as you have indicated. That is probably why humblepie pointed out to consider the long term cash flow. Depending on how you see it, the rationale of having negative asset (attribute mainly by its loan) but yet still distributing 10% dividends with long term loan decreasing year over year, could simply indicate it is better off to bear the low interest debt and maintain a high yield return to shareholders.
Some people might not like this combination, as it might indicate company is taking the stand that shareholder is better off investing the 10% payout themselves as compared to Starhub reinvesting into the business for future growth.
If starhub can maintain its cashflow for the next few quarters, with some organic revenue growth, then it should be strong indication that it has achieve a good mix of cash return and growth that should propel the stock back to $3 region. The future competitions with SingTel and M1 is something that put some investor away, .
Yeah pray tell. How did you derive the neg NAV. 
NAV is positive 7.3 cents as of 31 Dec 2009. where did the negative number come from?
wah $1.80! u bet! i confirm buy to INVEST
Not saying me right??? I am just doing our friend pharoah88 a favour rather than him trying to hint discreetly and put thoughts into peoples mind
temp123 ( Date: 23-Mar-2010 18:57) Posted:
Other than shouting in a forum you can actually do something- go short it down.
Thank you very much!
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so the concern is a negative nav?approximate the share price based on future cashflow and you get a better picture.
Investors don't have to worry. Speculators, I am not sure. :P
The trend strength (blue) is still strong. Unless the negative trend starts reversing, I will continue to hold though short term we may see a tug of war @ 2.28 resistance similar to MAY & AUG 2009 failure.
Why hold? Because if the investors look at the bigger picture below, the price action is just taking off from the big consolidation between 1.9 and 2.3.
Other than shouting in a forum you can actually do something- go short it down.
Thank you very much!
up trend or down trend?
I help u shout la. no need so discreet and indirect.
SELL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SELL TO $1.80!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
pharoah88 ( Date: 23-Mar-2010 12:48) Posted:
fantastic
NAV -S$0.160 is attracting investOrs at s$2.27 |
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fantastic
NAV -S$0.160 is attracting investOrs at s$2.27
just look out. high prob may meet $2.37. in 2 weeks time.
This Starhub steady man.... since Monday up continuosly !!!
des_khor ( Date: 19-Mar-2010 15:05) Posted:
Touch 2.27 !!
pharoah88 ( Date: 19-Mar-2010 14:52) Posted:
| StarHub |
Symbol:
CC3 |
Currency:
Singapore Dollar |
| Last: |
2.26 |
 + 0.01 |
Vol (K): 1341.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
19-Mar 14:27 |
| Open |
2.25 |
High |
2.26 |
Low |
2.24 |
| Prev Close |
2.25 |
Buy |
- |
Sell |
- |
| Volume(K) |
1341.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
2.28 |
52 Wk Low |
1.83 |
52 Wk Avg Vol |
2713.42 |
| All Time High |
3.24 |
All Time Low |
1.76 |
|
|
| Comments |
Near 52 wk high |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
26 Feb 2010 |
Financial Year |
31 Dec 2008 |
Current Year Profit
(After Tax) $'000,000 |
311.319 |
Previous Year Profit
(After Tax) $'000,000 |
330.339 |
| Net Asset Per Share |
-0.16 |
Turnover $'000,000 |
47.94 |
Current Year EPS
(After Interest and Tax) |
0.18 |
Previous Year EPS
(After Interest and Tax) |
0.19 |
| PE Ratio (After Tax) |
11.9 |
Times Covered |
1.0 |
| Price (at update time) |
2.14 |
Dividend Yield |
0.04 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
69.1 |
Williams %R |
0.0 |
| Comments (RSI) |
No Info |
Comments (W%R) |
Overbought |
|
|
|
|
Touch 2.27 !!
pharoah88 ( Date: 19-Mar-2010 14:52) Posted:
| StarHub |
Symbol:
CC3 |
Currency:
Singapore Dollar |
| Last: |
2.26 |
+ 0.01 |
Vol (K): 1341.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
19-Mar 14:27 |
| Open |
2.25 |
High |
2.26 |
Low |
2.24 |
| Prev Close |
2.25 |
Buy |
- |
Sell |
- |
| Volume(K) |
1341.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
2.28 |
52 Wk Low |
1.83 |
52 Wk Avg Vol |
2713.42 |
| All Time High |
3.24 |
All Time Low |
1.76 |
|
|
| Comments |
Near 52 wk high |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
26 Feb 2010 |
Financial Year |
31 Dec 2008 |
Current Year Profit
(After Tax) $'000,000 |
311.319 |
Previous Year Profit
(After Tax) $'000,000 |
330.339 |
| Net Asset Per Share |
-0.16 |
Turnover $'000,000 |
47.94 |
Current Year EPS
(After Interest and Tax) |
0.18 |
Previous Year EPS
(After Interest and Tax) |
0.19 |
| PE Ratio (After Tax) |
11.9 |
Times Covered |
1.0 |
| Price (at update time) |
2.14 |
Dividend Yield |
0.04 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
69.1 |
Williams %R |
0.0 |
| Comments (RSI) |
No Info |
Comments (W%R) |
Overbought |
|
|
WoW.... well done man !!
EQ_Trader ( Date: 19-Mar-2010 14:34) Posted:
| don panic. this payout date is the usual trend. 1st pay out this yr is in may. 2nd in june, 3rd is in aug. 4th is in nov. so just hold it. |
|
| StarHub |
Symbol:
CC3 |
Currency:
Singapore Dollar |
| Last: |
2.26 |
+ 0.01 |
Vol (K): 1341.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
19-Mar 14:27 |
| Open |
2.25 |
High |
2.26 |
Low |
2.24 |
| Prev Close |
2.25 |
Buy |
- |
Sell |
- |
| Volume(K) |
1341.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
2.28 |
52 Wk Low |
1.83 |
52 Wk Avg Vol |
2713.42 |
| All Time High |
3.24 |
All Time Low |
1.76 |
|
|
| Comments |
Near 52 wk high |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
26 Feb 2010 |
Financial Year |
31 Dec 2008 |
Current Year Profit
(After Tax) $'000,000 |
311.319 |
Previous Year Profit
(After Tax) $'000,000 |
330.339 |
| Net Asset Per Share |
-0.16 |
Turnover $'000,000 |
47.94 |
Current Year EPS
(After Interest and Tax) |
0.18 |
Previous Year EPS
(After Interest and Tax) |
0.19 |
| PE Ratio (After Tax) |
11.9 |
Times Covered |
1.0 |
| Price (at update time) |
2.14 |
Dividend Yield |
0.04 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
69.1 |
Williams %R |
0.0 |
| Comments (RSI) |
No Info |
Comments (W%R) |
Overbought |
don panic. this payout date is the usual trend. 1st pay out this yr is in may. 2nd in june, 3rd is in aug. 4th is in nov. so just hold it.
