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15-02-2011, 05:59 PM
Taking advantage of some loose-footed shareholders who turned sellers in a depressed market-day today (15Feb11), Food Junction again activated its share buy-back mandate and managed to buy back 101 lots at $0.205/share.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument
While the recently released FY10 (ended 31Dec10) full-year result and the declared $0.0025/share Final dividend are nothing to shout about.....
http://info.sgx.com/webcoranncatth.nsf/V...7003C2DC1/$file/FoodJunction_FY2010_FullYearResults.pdf?openelement
Food Junction's established foodcourt and related businesses are decent enough to own for its regular twice-a-year dividends and future profits.
Based on the last done share price of $0.205 and the remaining 128.164m issued shares (after accounting for the shares bought back and held as treasury shares), the current market cap. of only $26.27m is quite obviously not a fair valuation of the underlying businesses.
http://info.sgx.com/webcorannc.nsf/Annou...endocument
While the recently released FY10 (ended 31Dec10) full-year result and the declared $0.0025/share Final dividend are nothing to shout about.....
http://info.sgx.com/webcoranncatth.nsf/V...7003C2DC1/$file/FoodJunction_FY2010_FullYearResults.pdf?openelement
Food Junction's established foodcourt and related businesses are decent enough to own for its regular twice-a-year dividends and future profits.
Based on the last done share price of $0.205 and the remaining 128.164m issued shares (after accounting for the shares bought back and held as treasury shares), the current market cap. of only $26.27m is quite obviously not a fair valuation of the underlying businesses.