I have almost forgotten that this company existed. Suddenly, see its announcement about buying back its own shares: total of 227,000 today. OMG, the stock has gone down to just over 20 cents????? What happened ?
The forgotten stock has S$32 million cash, practically no debt. Compare that with its market cap of $41 million and you know why the company has been doing some share buyback, and insiders have been buying.
Having said that, however, the business suffered a small loss in 1Q. And there is no strong signal of a return to 'normal' profitability. No earnings recovery is bad news and raised the Q: Will it gv its normal 1.2 cent interim dividend?