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Cacola
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spore1
Supreme |
22-Jun-2014 19:25
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looks like it may re-test 59.5 cents sporeshare.blog spot.sg/2014/06/courts-asia.html
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spore1
Supreme |
08-Jun-2014 12:52
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this babe looks like a run-away patterns. it may cont to head higher. http://sporeshare.blog spot.sg/2014/06/courts-asia.html |
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guoyanyunyan
Supreme |
05-Jun-2014 08:15
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Courts Asia: Bullish Setup!
Bullish Signal: Bullish flag in formation awaiting for high volume breakout! Entry price: $0.59 with volume exceeding 1.5 million by 12pm! Stop loss: $0.56 Profit target: $0.64 Reward to risk ratio: 1.5 |
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guoyanyunyan
Supreme |
31-May-2014 13:28
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DBS Equity Reserch (Spore): Wired Daily 30 May 2014Courts Asia' s 4Q14 and FY14 results in line, earnings decline dragged by higher costs. DPS of 0.76 Scts was declared (30% payout), bringing full year DPS to 1.52 Scts. We believe outlook remains positive going forward. In the immediate term, new stores in Malaysia, Singapore and Indonesia will contribute to growth, with HDB housing completions in Singapore and Tangerang store opening in Indonesia support growth beyond that. Maintain BUY and S$0.70 target price on the back of positive outlook and decent valuations. |
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sheerluck
Supreme |
30-May-2014 23:19
Yells: "Work for your money first then let your money work for you" |
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I shared your views as well. Beside the topline you mentioned, mgmt is also actively tackling both margins and costs with improving credit recovery, increase product margin, improve margins by reducing trade-shows days and investing in low-cost media. They have been expanding pretty agressively and it is good that they have reviewed their operation and decided to close under-performing stores in both SG and MY. I like that the mgmt is taking all these proactive actions especially on many areas that they have direct control and the best is they share this info with everybody. At least we know where they are heading. With new stores opening and sale and profit expected to increase coupled by the bonus that they are increasing dividend payout to 40% it is a double-boost to its long suffering shareholders. I think in this aspect, Courts message is clear. More importantly, it is not just all talk potential, things are already happening at ground level to materalise it. Courts still have risks. It operates in a very competitvie environment and its financial cost can be sensitive to interest hike although this is partly dealt with using MTN with a fixed rate. One big source of Courts' s income comes from credit they give out to their customers. If the macro environment deteriorates which they cannot control and customers start to default, Courts will suffers. So the credit recovery measure is very important. I noted that the last 4 weeks, it traded around the all-time low of 51-56cts and around 5.2mil shares changed hand during that 4 weeks. However, bulk of the trades (420mil shares) since IPO till now traded from 56cts to above $1. If I looked at Feb to Apr, it is pretty flat at around 58cts. It seems like those who bought during Feb till now has decide to either TP or exit with small loss/profit. 58cts seems like a resistance now. Will it turned support evenutally? Even so I feels that the uptrend will be met with many resistance as there will be temptation to cut loss or sell at strength. It may also get shot down if shortists come after it. After all if you want to kill someone, do it before he fully recovers. So will buyers win or cut loss/TP/shortist triumph? Overall I said Courts mgmt has planted the recovery seed after this quarter annoucement. Now they will need to nurture it. We will find out Mr. Market' s decision next week. Not a call to whatever/whatever. DYDD. 
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sheerluck
Supreme |
30-May-2014 19:27
Yells: "Work for your money first then let your money work for you" |
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Great. Can share doc?
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Acl2013
Veteran |
30-May-2014 19:23
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Today CIMB rate buy TP 69
DBS vickers rate buy TP 70 So it go up! |
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pineapple123
Member |
30-May-2014 19:10
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dividends increase, indo megastore opening, future growth drivers still in tact and company will gain in value over the years to come..can pick up some on a dip and hold for years.. |
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sheerluck
Supreme |
30-May-2014 18:32
Yells: "Work for your money first then let your money work for you" |
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Anyone any view to share on Courts? Out of the wood or dead cat bounce? |
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pineapple123
Member |
30-May-2014 17:45
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for those who missed this, another value stock but not as good as courts is....del monte.. :) | ||||
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pineapple123
Member |
30-May-2014 17:26
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wow.. | ||||
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sheerluck
Supreme |
30-May-2014 13:23
Yells: "Work for your money first then let your money work for you" |
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Have a read at their presentation slides. There are some important info in it. See if you can pick it up. Their Annual report should be out in around July. There will be more details and another piece of important info to look out for. DYDD.
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earlybird14
Supreme |
30-May-2014 13:15
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miss the boat. Thinking to buy it next week. Anyway, wait for it to settle down, will be in soon. I have confidence with their indonesia mega stores which will be open in this year. |
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Qanghoo
Supreme |
30-May-2014 12:51
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Revenue n gross profit have probably stabilised. Costs are still high, partly due to higher borrowings. But if the leverage cld add value to operation and boost profit, then the great Courts sale may be over. |
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Stocky901
Supreme |
30-May-2014 11:57
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Net profit still dropped 38%.. | ||||
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guoyanyunyan
Supreme |
30-May-2014 10:44
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Courts Asia DELIVERS PRETAX PROFIT OF S$38.0 MILLION ON HIGHER SALES OF S$830.3 MILLION FOR FY13/14
Net asset value per ordinary share: $0.538 Total dividend for FY13/14 amounted to 1.52 cents per share, representing a payout ratio of approximately 30.0%. This represents a 50.5% increase from the 1.01 cents per share for FY12/13. As at March 31, 2014, the Group maintained a strong balance sheet with cash and bank balances totalling S$115.0 million. ...last:$0.555..recent low:$0.515... |
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sheerluck
Supreme |
21-May-2014 12:19
Yells: "Work for your money first then let your money work for you" |
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Q4 should be CourtsAsia strongest quarter because of CNY and people spending their year-end bonus. They are also holding some great sale to boost Q4 results. Since Courts has not released any bad news, it is either insiders act or some big hands depressing price to collect in readiness to push up the price. From the price movement, I suspect the latter. One thing I noticed about Courts is that all their subscribers paid 77cts during IPO unlike subscribers of many of the other IPO who paid much less. The CEO and his wife also paid 77cts for 14million shares. I believe the stick is strong enough for them to improve its share prices. If CourtsAsia maintained last year Q4 standard, a 1cts div can be expected. However, I am going to anticicpate a special div if the results are better. At current price of 52.5cts, Courts trades at P/E 8.8. P/B is around 1. Lowest valuation since IPO. UOB KayHian call for a buy at 52cts but they only hold 816,000 shares from 2013 Annual Report. I would like to see if they loaded more when 2014 Annual Report Shareholder is out. Still if it turned out that the Q4 results is bad, then it just bad. DYDD.
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pineapple123
Member |
18-May-2014 22:56
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really no interest in courts?? haha :) |
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pineapple123
Member |
16-May-2014 23:50
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i feel that this is a buy if it reaches $0.50. p/b looking attractive and growth drivers still intact. any thoughts? may not be the most profitable company but in terms of value, i think it is definitely there. classic case of buy when there is fear. |
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sheerluck
Supreme |
07-May-2014 03:04
Yells: "Work for your money first then let your money work for you" |
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Their share buyback did not prevent their share price from free falling. By the way, the recent dumping, got bad news coming is it????
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