Frencken Gp Ltd

More
14 years 5 months ago #4038 by entdev
Frencken Gp Ltd was created by entdev
Frencken ( formally known as ElectroTech Invst ltd ) has been continuesly buying back its own shares for the last one month. As of 31st Mar 10,it has NAV of $0.52, cash of about $59.8m - which translate to about $0.16 per share. Its first quarter results is fantastic and that explains the reason why the company has slowly started buying back its own shares. Is this another ums waiting to fly ??

Please Log in or Create an account to join the conversation.

More
14 years 5 months ago #4040 by Dongdaemun
Replied by Dongdaemun on topic Re:Frencken Gp Ltd
Frencken, like many manufacturers, are enjoying rising biz from the semi-con and electronic - related industries. Q1 net profit was $3 m, compared to $122,000 in 1Q2009. Frencken, pls note, has bank borrowings of S$14 m, so the net cash is not so high as you wrote. Also, note that Q4 was loss-making. Overall, why are you bullish on Frencken?

Please Log in or Create an account to join the conversation.

More
14 years 5 months ago #4058 by entdev
Replied by entdev on topic Re:Frencken Gp Ltd
Harlequin, thank you for pointing out about the bank borrowing of about 14m. So the cash in hand is about $45 million. Still very significant. That is why the company has started buying in its shares. Just like all the other tech counters Frenken has seen a turn around of its fortune and that is why the management has taken the right strategy of buying back shares to enhance share holder value. On Friday, OCBC has an article about Valuetronics and has a TP of $0.32. It closed at $0.185 on Friday - an upside of about 70.6%. If we can take this as a guidence, then it doesn\'t take long to see what Frencken\'s TP will be. All the tech counters are going through a re-valuation as a result of the change in fortune the tech sector is going through. Companies like Venture, Broadway and Armstrong and UMS have seen recent new highs due to posative coverage by analyst. Lastly please read the article, \" Bet on stocks that lack media coverage\' by Insead dons in this site and you will understand why I believe Frencken is a jem waiting to be discovered.

Please Log in or Create an account to join the conversation.

More
14 years 5 months ago #4059 by Joes
Replied by Joes on topic Re:Frencken Gp Ltd
As a general statement, I agree that a good idea is to invest in electronics/tech stocks because they are undergoing a boom. Valuetronics and Frencken -- am in one of them. :) My friends recommend another one, Hisaka, for its exposure to semiconductor rebound. NRA has target price of 40 c compared to stock price now of 26 cents. www.nextinsight.biz/content/view/2406/79/

Please Log in or Create an account to join the conversation.

More
14 years 5 months ago #4061 by lowsx
Replied by lowsx on topic Re:Frencken Gp Ltd
Frencken is not a pure semicon play. For those who wish to bet on semicon, ASTI may be a better bet. While Valuetronics is cheap, I have a concern that Valuetronics may be taking too much risk in marketing the air purifier line in US.

Please Log in or Create an account to join the conversation.

  • neontet
  • Visitor
  • Visitor
14 years 5 months ago #4163 by neontet
Replied by neontet on topic Re:Frencken Gp Ltd
Frencken has been steadily buying back its shares. Some days, it accounts for the majority of the shares transacted. Its stock price cannot move, though, and that is the sad part. The upcoming 2Q results will have to be really good to convince the market....

Please Log in or Create an account to join the conversation.

Time to create page: 0.195 seconds
Powered by Kunena Forum
 

We have 1677 guests and no members online

rss_2 NextInsight - Latest News