Global Yellow Pages

A friend of mine ask me to analys this counter in SGX.

Revenue
Revenue 50725 (Revenue drop frm 59,332 )
Net profit 16361
Net profit 30%
Cash Equivalent 15,581
Share issue 553,232
mp 0.2

Basically
11million capacity do 5o million business ( not bad)

Cash per share 15,581 / 553,232 = 0.028
Trades Receivables 15433 ( TR increasing from 13,172 to 15,433 )
Trades Payables 4632
TR able to net of TP, but receivable too slow, could be lot of bad debt as well
Inventories 1365 / 553232 = 0.002 ( too small can be ignore )



Debts
Borrowing (short term ) 3545
Borrowing (long term ) 15427
Total Debt per share = 18972 / 553,232
= 0.034


Receivable 15433
Receivable TR = 15433 /50725 x 365 = 111days ( not effiecient )
Nav 35.47cent
Net Profit 4.33cent ( 9.66 cent previously )
Dividen 1/3/10 2cent tax exempted

I think the stocks is so so only. Wont be multibagger , unless there is insider news ahead. Otherwise, its recent rise is due to people hoping to get the 2 cent dividen. Not attractive to me.

p/s Just my 2 cents. Buy sell u decide urself ok? Mr Jong.

HWGB

I was busy with work recently. This is one of the stocks which caught my attention. Can have a look , for speculation play.

mp 0.15
shares 413,226
market value 61.98million
NAV 0.21
current eps Q1= 3.61
FY 2009 eps = -8.5

For 61.98 million it able to do do 162676 business
Assuming Every Quarter Revenue the same 40669 x4 = 162676

Receivable Turnover Ratio= Average TRec / Revenue x365
= 28027 / 40669 x 365 (%4)
= 62.88 days

Trades Recievables not able to net of trade payables
Trade Receivables - Trade Payables = 28027 - 31225
= -ve

Long Term Borrowing increasing from 31000 to 30657
Short Term Borroing incresing from 66031 to 69460


Current Assets - Current liabilites = 86198 - 134259
= -Ve

Cash and Cash Equi= 11769