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Is CDW potentially trading below net cash? Div? Post Reply Rate topic
bluekelah Senior	18-Mar-2016 12:12        bluekelah About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "lock and loaded..."
x 0   x 0  Alert Admin	paiseh long time no come here, I am usually on VB forum. Yeah i unloaded at 22cents last time and kept some permanent free shares from the profits. Then revested some again at 145 but misses the sub 140 price as not much volume that time. New product likely in 2 quarters before show up on the reports. Recent jump i think is more due to either pure speculation or the Foxconn and Sharp deal is maybe done but not announced yet and leaked. victortan      ( Date: 17-Mar-2016 16:39) Posted: finally wake up, vested at ridiculosly low px. huat ahhh. victortan      ( Date: 03-Sep-2015 16:55) Posted: CDW..div yield is 10%,( pay consistently) coy nett cash, solid management. Wait new product in Q4 will see it soar higher, Buy faster, ma tu liaos.
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victortan Elite	17-Mar-2016 16:39        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	finally wake up, vested at ridiculosly low px. huat ahhh. victortan      ( Date: 03-Sep-2015 16:55) Posted: CDW..div yield is 10%,( pay consistently) coy nett cash, solid management. Wait new product in Q4 will see it soar higher, Buy faster, ma tu liaos.
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victortan Elite	03-Sep-2015 16:55        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	CDW..div yield is 10%,( pay consistently) coy nett cash, solid management. Wait new product in Q4 will see it soar higher, Buy faster, ma tu liaos.
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victortan Elite	16-Aug-2015 12:25        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Have you all sold the counter already or intend to long here for the attractive div? bluekelah      ( Date: 25-May-2015 19:10) Posted: Final SGD $0.00924 dividend paid today.
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victortan Elite	28-Jul-2015 00:01        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Join me to collect more? bluekelah      ( Date: 25-May-2015 19:10) Posted: Final SGD $0.00924 dividend paid today.
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victortan Elite	28-Jul-2015 00:00        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	waiting for this counter to come..hehehe.
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bluekelah Senior	25-May-2015 19:10        bluekelah About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "lock and loaded..."
x 0   x 0  Alert Admin	Final SGD $0.00924 dividend paid today.
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paul1688 Veteran	11-May-2015 10:46        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	From UOBKH 11 May.  Unrated (no TP). CDW HOLDINGS LIMITED (CDW SP) Takeaways from management meeting VALUATION CDW is trading at 9.2x 2014 PE with a dividend yield of 7.4%. FINANCIAL RESULTS 2014 net profit fell 26% yoy to US$8.4m. Excluding gain on bargain purchase and other operating income, profit before tax will have been fairly comparable as the 13% yoy decline in sales was offset by lower distribution and administrative expenses. 2014 sales fell 13% yoy due to a drop in demand of LCD backlight units from the gameset product segment and the shortage of ultrathin light guide panels (LGP) which is an essential component for the ultra-thin backlight units in handsets. INVESTMENT HIGHLIGHTS CDW is a precision components specialist focusing on the production of niche precision components for equipment such as the smartphones and handheld game sets. It has three key segments: LCD backlight units (86.4% of 2014 operating profit), LCD Parts accessories (8.3% of 2014 operating profit) and Office automation (5.3% of 2014 operating profit) Adapting to the shift in consumer trends. With the shift towards mobile gaming from handheld game sets, CDW has also adapted to the changing trend as it increased the shipments for its LCD backlight units for mobile phones from 6.9m units in 2012 to 9.7m units in 2014. Key to success lies in Pengfu factory. To recall, profitability in 2014 was affected by a shortage of the ultrathin LGPs required for backlight units in handsets. CDW has since managed to find a new supplier, Suzhou Pengfu Photoelectric Technology Company (Pengfu), who claims to be able to produce these ultrathin LGPs. Pengfu is set up by the former production heads of the Japanese companies that produced these ultra-thin LGPs. On 27 Jan 15, CDW acquired a 25% stake in Pengfu for Rmb15m, where the proceeds will be used to double Pengfu&rsquo s LGP production capacity to 2m units of LGP/month. We understand that Pengfu is in the midst of testing and commissioning the newly installed machines. Customer concentration risk. We note that CDW derives 70% of its revenue from a major MNC customer. As such, a drop in demand or change in business strategy by the customer may negatively affect CDW. A challenging operating environment. According to Reuters, one of Japan&rsquo s largest LCD display suppliers for smartphone and tablet manufacturers, Sharp Corp, may be exploring plans for a possible spin-off of its LCD panel business as the unit continues to struggle from intensive price competition. Earlier in Jan 15, Sharp announced that it will reduce the output of its energy-saving IGZO panels at its Kameyama No. 2 plant by about 40% mom, due to sluggish sales to Chinese smartphone makers and stiff price competition resulting in a stock-up in inventories.
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paul1688 Veteran	08-May-2015 16:20        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks bluekelah for the overview.  I will nibble some, like treating  the funds in  an FD with a view for some capital gains in the longer run.
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bluekelah Senior	07-May-2015 21:47        bluekelah About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "lock and loaded..."
x 0   x 0  Alert Admin	This one owned and run by JAP crew. owned some since 14c level. their main customer is Sony just so you know, which at the moment is doing well with PS4 but their other handheld/mobile/computer divisions not doing well (thats where the screens are supplied to) fundamentals still look good but dont expect explosive growth. Being small cap anything up or down can happen with share price. Business wise also can be up or down. but at least this management wont play you out and reward shareholders with good div payout when business is good. just dun bet the farm on this one. paul1688      ( Date: 06-May-2015 10:26) Posted: I got interested in this one reading the RHB report.  If factually correct (a big" if" here knowing the " quality" of our Singapore markert analysts) there are a few interesting things here. - 70% of market cap covered by cash. Debt free company (in an interest rate hike environment, this is a big thing for me) - relatively low free float - consistent paid reasonable dividends twice a year.  Last year total div was USD 1.2 cents (on current exchange 1.6 Sing cents) translating to almost 7% yield on current price of 23 cents. RHB expecting dividends to be progressively increased (track record suggests so) - business outlook suggests strong growth in coming years. I am less bothered about small customer base as long as the customers are strong and has on-going relationship with them - products look poised to grow in tandem  with the current e-device age. - Japanese management appears super conservative. This is double edged but has so far kept CDW financially robust Mulling over taking a long position and see how far this one goes.  I am aware price has ran up from its sluggish teens days but think business hence price is growing.  Sustainable yield stocks are taking my interest as most REITS are over priced and vulnerable to interest rate hikes. Tapping forumers following this counter for comments and thoughts.
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paul1688 Veteran	06-May-2015 10:26        paul1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I got interested in this one reading the RHB report.  If factually correct (a big" if" here knowing the " quality" of our Singapore markert analysts) there are a few interesting things here. - 70% of market cap covered by cash. Debt free company (in an interest rate hike environment, this is a big thing for me) - relatively low free float - consistent paid reasonable dividends twice a year.  Last year total div was USD 1.2 cents (on current exchange 1.6 Sing cents) translating to almost 7% yield on current price of 23 cents. RHB expecting dividends to be progressively increased (track record suggests so) - business outlook suggests strong growth in coming years. I am less bothered about small customer base as long as the customers are strong and has on-going relationship with them - products look poised to grow in tandem  with the current e-device age. - Japanese management appears super conservative. This is double edged but has so far kept CDW financially robust Mulling over taking a long position and see how far this one goes.  I am aware price has ran up from its sluggish teens days but think business hence price is growing.  Sustainable yield stocks are taking my interest as most REITS are over priced and vulnerable to interest rate hikes. Tapping forumers following this counter for comments and thoughts.
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victortan Elite	30-Apr-2015 21:49        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	today 235, next week will be a great week for CDW.
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victortan Elite	29-Apr-2015 20:18        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once 23c taken , it wqill go to 26c, then 30, hope so.
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n3wbie Elite	27-Apr-2015 21:16        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	share price rallied on strong volume today is most probably due to RHB initiating with TP of S$0.31. (financial model built on DCF) accordingly to analyst' s report, company is trading at 1.8x FY15 ex-cash P/E and has a high potential dividend yield of 8-9%. the strong FY2015' s performance is attributed to the production capacity resolved (and to be doubled) with CDW' s recent CNY10mil investment in Suzhou Pengfu Photoelectric Technology Co. Ltd. Key risks for the company are customer concentration (one customer contributed 70% of its FY2014 revenue) and ongoing supply of key components.
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bluekelah Senior	27-Apr-2015 20:09        bluekelah About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "lock and loaded..."
x 0   x 0  Alert Admin	From the latest quarterly, I suspect management will probably say something similar as below from their 4q results. Business Segment Outlook The outlook for our largest segment, LCD Backlight Units, is cloudy. Our mainstay product has been backlight units for gamesets but with the waning gameset market, we will have to double our sales efforts with Chinese LCD module makers on developing end-customers in the smartphone market. As for our LCD Parts and Accessories business, the demand outlook for 2015 looks challenging. Most of our products here go into the production of ultra-thin notebooks which have garnered a mixed reception from consumers. CDW Holding Limited Page 15 of 20 The prognosis for our Office Automation segment is relatively better and we anticipate a stable outlook for the next twelve months. This is due to the phasing out of loss-making models and the introduction of new profitable ones by our customers. In this segment, the end-products are smartphones, photocopiers and automobiles. Breeze      ( Date: 27-Apr-2015 19:38) Posted: This wednesday i go agm ask the outlook. Slow n steady . victortan      ( Date: 10-Apr-2015 12:20) Posted: 40?? chun bo? at this px the div yield is 4%, this one soaring i think maining becuase of the good div. Maybe a little story behind lah. But it got lot of cash. and no business strategy at the moment. u all got hear any news abt this counter, shr here hor.
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Breeze Member	27-Apr-2015 19:38        Breeze About Contact  Quote this Post!
x 0   x 0  Alert Admin	This wednesday i go agm ask the outlook. Slow n steady . victortan      ( Date: 10-Apr-2015 12:20) Posted: 40?? chun bo? at this px the div yield is 4%, this one soaring i think maining becuase of the good div. Maybe a little story behind lah. But it got lot of cash. and no business strategy at the moment. u all got hear any news abt this counter, shr here hor. Breeze      ( Date: 09-Apr-2015 21:45) Posted: Sell at 40c . Can u wait that long anot?
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bluekelah Senior	27-Apr-2015 17:11        bluekelah About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "lock and loaded..."
x 0   x 0  Alert Admin	rayoflight : Back up again to $0.225 today. almost double bagger liao :D huat ah!!
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victortan Elite	13-Apr-2015 23:23        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	You from valuebuddies? At least this one not so bad penny. slow and steady business, electroninc picking up good for this one. bluekelah      ( Date: 13-Apr-2015 23:14) Posted: not bad, probably the positive sentiment flowing in from the China/HK markets. rayoflight      ( Date: 13-Apr-2015 17:11) Posted: Closed 220 solid!
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bluekelah Senior	13-Apr-2015 23:14        bluekelah About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "lock and loaded..."
x 0   x 0  Alert Admin	not bad, probably the positive sentiment flowing in from the China/HK markets. rayoflight      ( Date: 13-Apr-2015 17:11) Posted: Closed 220 solid!
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rayoflight Veteran	13-Apr-2015 17:11        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	Closed 220 solid!
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