Originally Posted by xfactor View Post
Good call
Don' t who follow and make $$$ I am happy but should it gostan and lose $$$ don' t blame me hor..haha.chances of making looks good as everytime Goh Leng Tse exercised share options or if he bought from market,Innovalues always go up..the last time 1 for 1 bonus were in 2007 and 2004..should anticipate good 1H 2014 profits at around 7 Aug 2014
starlene ( Date: 31-Jul-2014 09:54) Posted:
wrote:
WA!! Today innovalue chiong 10%. Didnt expect my hot tip really come true. I tip u all but I myself never buy more before the chiong. Missed the boat
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Move Valuetronics aside for a while..you may consider Innovalue
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19 comment(s).Last comment by alibaba13131 2014-10-06 10:55
$6 for every 1000 shares..hope will push up the shares again..exclude extraordinary gains such as insurance credit Innovalue is deemed to have shown increase in net profits for 1H 2014
Dividend (a) Current Financial Period Reported On Any dividend declared for the current financial period reported on? Yes Name of Dividend : Interim Dividend Type : Cash Dividend Amount per Share : 0.6 cents per ordinary share Tax Rate : Tax exempt (One-tier) (b) Corresponding Period of the Immediately Preceding Financial Year Any dividend declared for the corresponding period of the immediately preceding financial year? Yes Name of Dividend : Interim Dividend Type : Cash Dividend Amount per Share : 0.6 cents per ordinary share Tax Rate : Tax exempt (One-tier) (c) Date payable The interim dividend will be paid on 11 September 2014. (d) Books closure date Notice is hereby given that the Register of Members and the Transfer Books of the Company will be closed on 29 August 2014 for the preparation of dividend warrants. Duly completed registered transfers received by the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623 up to close business at 5.00p.m. on 28 August 2014, will be registered to determine shareholders’ entitlement to the interim dividend.
If valuemax gave $0.88 as dividends per 1000 shares verses Innovalue $6 per 1000 shares I think matter of time Innovalue can cross 30cts today closed at 24.5
Securities Issuer/ Manager VALUEMAX GROUP LIMITED Security VALUEMAX GROUP LIMITED - SG2G29997704 - T6I Announcement Details Announcement Title Mandatory Cash Dividend/ Distribution Date & Time of Broadcast 14-Aug-2014 14:46:10 Status Replacement Corporate Action Reference SG140411DVCAFAAZ Submitted By (Co./ Ind. Name) Lotus Isabella Lim Mei Hua Designation Company Secretary Dividend/ Distribution Number Not Applicable Dividend/ Distribution Type Final Declared Dividend Rate (Per Share) SGD 0.0088 Event Narrative Narrative Type Narrative Text Additional Text The correct dividend per share is S$0.0088 Event Dates Record Date and Time 07/05/2014 17:00:00 Ex Date 05/05/2014 Dividend Details Payment Type Tax Exempted (1-tier) Pay Date 22/05/2014
??? That's ValueMax u comparing, requesting VALUETRONICS, anyone ?
ValueMax is a pawnshop, in general, whereas Innovalues and Valuetronics are more manufacturing. Think that pure dividend comparison is misleading. What's their fundamental differences?
CEO Goh bought 1,000,000@$0.25 today Aug 14..he is bent on supporting Innovalues
2. Date on which Director/CEO became aware of the acquisition of, or change in, interest (if different from item 1 above, please specify the date): 14-Aug-2014 Type of securities which are the subject of the transaction (more than one option may be chosen): 4. ✔ Ordinary voting shares/units of Listed Issuer Other types of shares/units (excluding ordinary voting shares/units) of Listed Issuer Rights/Options/Warrants over shares/units of Listed Issuer Debentures of Listed Issuer Rights/Options over debentures of Listed Issuer Contracts over shares of the Listed Issuer which Director/CEO is a party to, or under which he is entitled to a benefit, being contracts under which any person has a right to call for or to make delivery of shares in the Listed Issuer Participatory interests made available by Listed Issuer Others (please specify): Explanation (if the date of becoming aware is different from the date of acquisition of, or change in, interest): 3. 5. Number of shares, units, rights, options, warrants, participatory interests and/or principal amount/value of debentures or contracts acquired or disposed of by Director/CEO: 1,000,000 6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$250,000
Good move last minute close unchanged 27.5 on eve b4 ex dividend...27-27.5 good chance can close above 30cts as directors not selling especially CEO Goh and the other directors
Innovalues: AmFraser initaites coverage with Buy call and TP $0.465. The house notes that The automotve market in China and US has rebounded and been growing steadily after the global financial crisis and are expected to continue growing. Notwithstanding new customer acquisitions, a recovery in the European automotive market and the recent M&A conducted by its exisitng key customers will also add a further boost to Innovalues in the coming years.
Recently, its directors, including Chairman/CEO Mr. Goh Leng Tse, have been buying up shares from the open market. Over the last 2 months, about $1m was spent by these directors to acquire 4.7m shares (ave. price of $0.22) from the open market.
Innovalues is currently trading at 7.2x FY14F P/E with an expected CAGR of 38% for the next three years. Given its growth prospects, its high ROE, its transformation in sector focus, renewed balance sheet strength and higher prospective dividends, we believe it would be undemanding to value Innovalues at 10x FY15F P/E, which translates to a target price of $0.465.
I nitiate buy call even earlier than AM Fraser..my call to buy was when it was 22cts in mid August
Booming automove market. The automove market in China and US has rebounded and been growing steadily aer the global fi nancial crisis and are expected to connue growing. Notwithstanding new customer acquisions, a recovery in the European automove market and the recent M& A acvies conducted by its exisng key customers will also add a further boost to
Innovalues in the coming years.
Strong boom‐ line growth through margin expansion. Although we are conservavely expecng revenue to grow at about 7% over the next 3 years, its resultant earnings is expected to grow at 3‐ yr CAGR of 38% between FY13‐ FY16F through margin expansion.
Higher dividends post balance sheet clean‐ up. Innovalues has been progressively paying down its debt over the last 6 years, and has just turned net cash in 2Q14. Along with its strong FCF, the company is now in a posion to increase dividends. We expect total dividends for FY14 to be increased to 1.7 Scts (5.7% yield) vs. 1.2 Scts in FY13 and FY12, and connue to grow going forward.
Posive insider acvity. Recently, its directors, including Chairman/CEO Mr. Goh Leng Tse, have been buying up shares from the open market. Over the last 2 months, about S$1m was spent by these directors to acquire 4.7m shares (ave. price of S$0.22) from the open market.
Clearly undervalued. Innovalues is currently trading at 7.2x FY14F P/E with an expected CAGR of 38% for the next three years. Given its growth prospects, its high ROE, its transformaon in sector focus, renewed balance sheet strength and higher prospecve dividends, we believe it would be undemanding to value Innovalues at 10x FY15F P/E, which translates to a target price of
buy only if can hold not for contra..downside limited as directors gold bought 1 mil at $0.25 and various directors also bought and convert rights/warrants/loan stocks from 15cts -22cts.. Innovalue dropped from 70cts ex bonus in the past from $1.47-$1.60 ..it has probably bottomed last few years from 10-15cts
18-May-2007 11:50 User is Offline About happyday Contact Quote! x 0 x 0
Alert Admin told by my broker there was 55 lot buying in at 80.5 cents,now I know why this counter was artifically push up above its theoretical ex all price of about 73 cents to punish the short sellers when counter went ex all on may 14.Probably will come down soon as the large overhang of bonus issue is on the way(1 for 1).In 2004,co also declared same bonus ratio issue.those holding till now has made tremendous gain Rate This Post: Useful To Me Not Useful To Me happyday Member 17-May-2007 13:45 User is Offline About happyday Contact Quote! x 0 x 0
Alert Admin innovalue traded xall on 16 may 1 for 1 bonus and 2% dividend and yet it is still above its theoretical price after going ex all.Base on 11 may last traded price $1.47 it should trade below $0.73 and with its generous bonus issue coming on the way,there will be a supply overhang and yet the counter shot up to $0.83 on 17 may..Baffling,defying gravity.Eg unisteel after going ex bonus its price down from $2,78 to $2,28 and singapura finance also ex all price of $1.9 to its current price $1,62.Why is this innovalue so special?or is this ex all price artifically supported?
uckie wrote: it's pushing.. but how long can this last.. no one knows. As long as the senior management of the company is vested, I think it will last.
Innovalues (IP SP): Positive post-NDR outlook Buy TP SGD0.52 Twelve investors attended our NDR with Innovalues, in which management displayed confidence in their outlook.
3Q14 results will be strong indicator of this outlook. Maintain BUY with TP of SGD0.52 (10x FY15E P/E).
Recent direct qualification by two major automakers will push Innovalues into the big leagues. ]
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by albertlaw > 2014-07-31 14:03 | Report Abuse
Originally Posted by xfactor View Post Good call Don' t who follow and make $$$ I am happy but should it gostan and lose $$$ don' t blame me hor..haha.chances of making looks good as everytime Goh Leng Tse exercised share options or if he bought from market,Innovalues always go up..the last time 1 for 1 bonus were in 2007 and 2004..should anticipate good 1H 2014 profits at around 7 Aug 2014 starlene ( Date: 31-Jul-2014 09:54) Posted: wrote: WA!! Today innovalue chiong 10%. Didnt expect my hot tip really come true. I tip u all but I myself never buy more before the chiong. Missed the boat This image has been resized.Click to view original image Move Valuetronics aside for a while..you may consider Innovalue