23-02-2014, 11:47 AM
(23-02-2014, 11:32 AM)ngcheeki Wrote: Sing Holdings is one of the few stocks mentioned in the following article whereby 2/3*Net current asset per share (i.e. 42 cents) less than the current share price (36 cents). By the way, Sing Holdings has returned to positive cash flow in FY2013.
http://www.fool.sg/2014/02/21/are-these-...ood-value/
vested
"In a nutshell, companies that could pass through the Net-net screen are likely to be ones that are facing large operational difficulties or that might carry very high business risks".
Sing Holdings is facing a low degree of operational difficulties. However, the main reason for its net-net status is shareholder unfriendliness, perhaps something to inform the author