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(06-08-2014, 09:45 AM)freedom Wrote: we need a real down time to see how the management play the shareholder value game. At that time, the working capital will be low and the cash will a lot more. What will the management do with the cash on hand.
Even at this point, a decent capital allocator should probably buy back shares? Since it is selling significantly below NAV.
Rather than bidding more projects or lands (which don't think will produce better IRR)?
The S$2.5M dividend is rather too low if we compared the half mark S$10M earning. And with last month divestment of Fosta & old Sungei Kadut facility, the cash hoard will be more than enough for more dividends.
I will be rather surprised if there is no extra (special) dividend this year.
Vested (and biased)
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
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06-08-2014, 11:20 AM
(This post was last modified: 06-08-2014, 11:25 AM by BestPrice.)
Strong buy at 29.5 cents today. Bought some at 29 cents and 29.5 cents. Tested many 1 lot size trades, no sign of UBS.
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Another big "one mouth" buyer cleared 30 cents sell queue.
Looks like there are a lot of new big buyers coming in.
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Testing 30.5 cents now; still a good price to buy and keep.
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Mr Market seems happy with 29.5 cents for now
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Anyone bought BBR at 29 cents today? Can PM me the seller's house. Thank you!
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Under heavy selling for the last few days, seen as distribution...
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Its share price peaked at 93 cents in July 2007 - such huge gyrations over the last 18 years! I might have to review my assessment of its business again. (recently vested)
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I am quite perplexed why the share price could not move up. Is Mr. Market being irrational again?
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