CSE Global    Last:1.55    -0.1

CSE Global

Oh yes, it is 3 cents but why they split into 1 cent and 2 cents. Ex date is 17 April.

 

 

bro, is 1 cents special + 2 cents final = 3 cents..

Dropped becos the whole market dropped. eg: Del Monte dropped from 90 cents to 62 cents.. Mapletree China dropped from 95 cents to 82  cents.. even though nothing wrong with them..

  Some BBs maybe pushing price down to accumulate.. 

T2LE56      ( Date: 28-Mar-2014 14:02) Posted: Bro, dividend is 1 cent and the ex date 17 April 2014. The stock dropped drastically and has not recovered since. What causes the fall ??? Care to share ... thanks  tianji      ( Date: 04-Mar-2014 09:55) Posted: REALLY !!! 3 Cents dividends. Buy Buy Buy

 

The dividend is 3 cents guys (1+2) ex date 17 Apr.14.

The stock was adjusted due to a big dividend  of 28 cents in Dec.13.

Hope this clarifies.

Cheers.

 

 

Bro, dividend is 1 cent and the ex date 17 April 2014.

The stock dropped drastically and has not recovered since. What causes the fall ??? Care to share ... thanks 

tianji      ( Date: 04-Mar-2014 09:55) Posted: REALLY !!! 3 Cents dividends. Buy Buy Buy

 

More reasons to buy: 1) The former CEO Alan Russell Stubbs was buying preparing the IPO for Servelec in London in 2013, thus " neglect" CSE global in a way. There was a project overrun of $8 million which has been declared as write off in 2013 financials. Plenty of allowance has been provided in 2013, thus this year financial results will be on a strong footing. This year CSE global has a new CEO in Lim Boon Kheng. The new CEO would want to show ppl that he is capable, so expect him to work extra hard to bring glory to the company under his charge.

2) It has turned from debt to net cash of around $38 million this year. With no debts to pay, it has a saving of $5million in interest. I believe the new CEO is user friendly having won awards from SIAS , so he would be more willing to give dividend. [url=http://postimg.org/image/tjfwm26mt/][img]http://s18.postimg.org/tjfwm26mt/550_Centurion_CSE_Nera.jpg[/img][/url]

Most Transparent Technology Companies, L-R: Centurion (CEO Kong Chee Min), NeraTel (CEO Samuel Ang), CSE Global (Interim Group MD Lim Boon Kheng). picture from http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/7660-sias-investors-choice

3) Oil has pushed past $100 barrier. Thus expect Oil & Gas sector to chiong and CSE Global belongs to this sector.

4) Of course the upcoming 3 cents dividend, XD 17 April. Hope my analysis is correct and the price will rise. Let see whether I am correct..

 

Beginning on a fresh page ____

Following the successful divestment of CSE Global's entire stake in Servelec Group in Dec last year, we believe management will focus on driving its growth largely from the oil and gas sector.

CSE has significant exposure to the Gulf of Mexico (both the U.S. and Mexico side), and we expect it to benefit from positive trends arising from this area. Looking ahead, we also do not expect CSE to make any further provisions for cost overruns for its Middle-Eastern project, which would aid its margins recovery.

We re-work our assumptions following a change in analyst coverage, and now forecast CSE to register core PATMI growth of 18.7% and 9.3% in FY14 and FY15, respectively. Applying a 9x target PER peg to our FY14 EPS forecast, we derive a fair value estimate of S$0.63 (previously S$0.96 before the Servelec Group divestment). Maintain BUY.

...last:$0.595...

 

 

 

GOT THIS FROM DBS 

CSE Global
Negatives priced in Reap dividends  
BUY S$0.62
Price Target : 12-month S$ 0.72 (Prev S$ 0.83)
By: Sachin MITTAL +65 6682 3699  
[email protected]


?           FY13 net profit and outstanding orders were below our estimates but superior cash generation led to higher dividends.  
?           Better margins and interest cost savings to drive growth despite lower outstanding orders  
?           Cheap at ex-cash PE of 8.1x vs 9.6x historical ave S$0.72 TP based on 9.6x FY14F ex-cash PE implies potential returns of 20% incl 4% yield        

Excluding Servlec, FY13 profit of S$30.4m (+5.5%) was 10% lower than our estimate. CSE made provisions of S$8.1m in 4Q13 due to a delay of a project in the Middle East.   In order to provide a clean slate to the new CEO in FY14, we believe that the company made ample provisions in FY13. Outstanding orders of S$227m (-18%) were 16% below our S$270m estimate due to delays in contract awards.   Operating cash generation of S$71.9m (+106%) in FY13 was healthy, leading to final DPS of 3 Scts (~4.8% yield) with ex-dividend date of 17 April 2014.  

Better margins and interest cost savings to drive FY14F growth. We trim FY14F earnings by 8% due to weaker outstanding orders. However, outstanding orders at the beginning of FY13 included S$50m of zero margin revenue, which have been completed. We are conservative in modeling 28% gross margins in FY14F, similar to FY13 excluding the S$8.1m provision. We assume new order wins of S$360m in FY14F versus S$362m in FY13. As CSE switches from net debt to net cash position, the company will save ~ S$5m interest costs in FY14F, hence our earnings estimates may have some upside surprise. We believe that the stock has declined excessively post ex-dividend date of 30 Dec 2013 for 28 Scts special DPS.   

 

REALLY !!!

3 Cents dividends.

Buy Buy Buy 

 

Huh ?

So GOOD !

3 Cents Dividends.......

Must go and check from SGX.......

If real why no one buy......Do not  believe is real.....SIAO LIAO! 

 

CIMB maintains Hold with $0.64 TP.

 

3 ct dividend.good!

 

27 feb results coming out..see gd or not..see got gd bonus or not..

 

any idea y it charge up today?

 

This BB will run when there is new orders, maybe that's why investors shun this stock for now. Will see how it responses ... anyway there is still some bad news not fully release .... I believe there is still more downside risks

dexter      ( Date: 13-Jan-2014 17:20) Posted: The  counter has recently subscribed for 1,000 new preference shares at par value of US$1,000 each in its wholly-owned subsidiary, CSE-Hankin Inc. for a total cash consideration of US$1m. The transaction was funded by internal resources and is not expected to have any material impact on the NTA and EPS for the group. Apart from that, there is no other news to explain its recent fall, apart from poor interest from investors.

 

look at chart again, found open @0.605 = 200 ma, today high 0.645 = 20ma. is this ai-lai-liao?

 

Cse global drinking red bull today.

 

CSE Global ST: the RSI is oversold

| 2014-01-14 23:41:00
Alternative scenario: the upside breakout of 0.7 would call for 0.732 and 0.75.

Our pivot point stands at 0.7.

Our preference: the downside prevails as long as 0.7 is resistance.

Alternative scenario: the upside breakout of 0.7 would call for 0.732 and 0.75.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading und

 

Cld be affected by the poor sentiment in O& G counters.

daffytlh      ( Date: 14-Jan-2014 12:12) Posted: Could it be a case of continual downward trend? I am vested so hope not.

 

Could it be a case of continual downward trend? I am vested so hope not.

 

This counter is on PRE CNY sale..... @ 52 week lows.

Anybody interested. Oil & Gas player also.... :)