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from HY2014 report " Trade receivables increased by S$16.21 million from S$16.52 million as at 31 December 2013 to S$32.73 million as at 30 June 2014, and retention receivables increased by S$3.84 million from S$6.72 million as at 31 December 2013 to S$10.56 million as at 30 June 2014. The increases were mainly due to the D8 project in HY2014."
i saw in the HY2014 report, cash is about 5mil.. but i dont think we are able to judge anything about the trade receivables about whether able to recover with the little info accessible to public about D8 project.. is it frequent in companies generally that significant trade receivables amount may never get recover?
lifeisgood ( Date: 28-Sep-2014 10:15) Posted:
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With an orderbook of over $200 million, and only $2 plus million cash, how to execute the construction contracts? Can owe subcon money? Delay payment etc?
lifeisgood ( Date: 28-Sep-2014 09:47) Posted:
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I am concerned about the trade receivables, it doubled from $16 mio in dec 2013 to $$32 mio at HY2014. How much of that is recoverable? Would there be any bad debt provisions?
Currently stock is trading at 2 times book. Should any bad things happen to the receivables, the book value may be further negatively impacted. Need to look more closely at the D8 project. The company currently holds about $2 mio cash, so cash raising exercise may be in the cards.
nqing87 ( Date: 28-Sep-2014 02:23) Posted:
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this bugger now like no BB interest at all and ' cos of that, it keeps moving down slowly.. it has 0 debt and 200mil order book, with majority of the order book going to be reflected in FY2014/15.. latest annual year revenue about 100mil.. last dividend is 1.2cent, which is about 6.5% yield base on current price.. FY2014/15 likely better than 2013.. so probably dividend payout maybe slightly more.. who is vested? any insights/opinions on this?
I m surprise it fall below 0.2
Secret_Squirrel ( Date: 09-Aug-2014 11:00) Posted:
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Earnings will be annouced on 15 August 2014.
Drop until 19.4, most likely to rebounce next week.
Secret_Squirrel ( Date: 07-Aug-2014 19:32) Posted:
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http://www.figtreeasia.com/current_projects.html
According to their website, current projects are mostly in China, Suzhou
jwong016 ( Date: 07-Aug-2014 16:14) Posted:
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this company has not much assets, current price is still 2.5x NAV, which is 7c i think. not like CES, Lian Beng, Wee Hur. This company is just a master contractor who then contracts to subcontractors.
Plus, even if SSH are buying, most of their stakes cost 4c. Wont push up their cost too much anyway.
DYODD
Big drop today. Getting very attractive. What' s the hidden downside?
just a note: MD and SSH have been buying shares at around 25-25.5c if i am not mistaken, that being said their origninal cost is like 4c or something.
afraid how to make $$$ ya. hesitate how to make $$$ ya. lol.
LOL ... Hidden buying detected at 23
buy ya.
I just play for hy year result that will be out soon....
edwinjup ( Date: 18-Jul-2014 19:07) Posted:
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interest not in this stock liao... same with Globa... better cut and go
edwinjup ( Date: 18-Jul-2014 19:07) Posted:
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Ooh....I match some at [email protected] for a cup of coffee
sgnec88 ( Date: 18-Jul-2014 18:57) Posted:
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Slow useless immovable hopeless stock. Cut.
back to 0.245
LoL ... hope it stays that way!