Willas Array: PE 3X

Good find. Impressive run up over the past 2 years as well. Capital + dividend gains, what more can you ask for haha.
 
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[Reck 05-06-2011]:

Net Asset Value for Willas Arras is around 30 Singapore cents. Stock price currently SGD0.17

P/NAV = 0.57

Dividend yield = 10%. PE about 4X (based on FY11 ended March)

Looks cool. Just that the net profit margin ain't cool. Just 2+%.

What to do... it's a distribution business. But kudos to the company for the 10% dividend yield. How many stocks you know have done that for 2 years in a row ? And the payout ratio is very high . Just look at chart in the article by NextInsight.

WILLAS-ARRAY: Dividend yield is 10%, dividend is 45% of earnings

[url=http://www.nextinsight.net
/?option=com_content&view=article&id=3939&Itemid=1] www.nextinsight.net/index.php?option=com...cle&id=3939&Itemid=1 [/url]

Suddenly woke up with 452,000 shares traded by lunchtime today. Wonder why. But no stockprice movement. stuck at 15.5 - the dividend yield is as good as ever at 10%.

This company is proposing a dual listing in HK stock exchange and approval already given by SGX. Shareholders approval also obtained in the recent AGM/SGM in July 2013. However not much interest although one trade done today at 14.5 cents for 8 lots only.

I want to buy also cannot buy when the spread is so big.

13.5 cents versus 19.5 cents