tag:blogger.com,1999:blog-3276688108456391559.post2667291614345514083..comments2024-02-27T13:41:46.698+08:00Comments on SG Young Investment: Is Yongnam's disappointing FY2013 financial result a concern?SGYIhttp://www.blogger.com/profile/09445517891969740960noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3276688108456391559.post-80801093056852611032014-09-19T15:42:10.449+08:002014-09-19T15:42:10.449+08:00Hi Kenneth,
There's such thing that happened?...Hi Kenneth,<br /><br />There's such thing that happened? I didn't know that. Thanks for informing. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-49876026612947642932014-09-19T15:27:50.330+08:002014-09-19T15:27:50.330+08:00This is old news known to people in the industry. ...This is old news known to people in the industry. Yongnam was bailed out previously by a listed company's big boss at the time when steel prices plunged drastically. Till now, I am not sure whether has they paid up the debt.Anonymoushttps://www.blogger.com/profile/06970412526986238582noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-36666162523285712762014-03-01T15:22:28.163+08:002014-03-01T15:22:28.163+08:00Hi Uncle CW,
If i'm not wrong, it's 3 out...Hi Uncle CW,<br /><br />If i'm not wrong, it's 3 out of about 10 projects. However, its only an estimation here. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-64378374958991288162014-03-01T15:09:06.833+08:002014-03-01T15:09:06.833+08:003 of how many projects?3 of how many projects?CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-40758635766290512892014-03-01T11:52:06.154+08:002014-03-01T11:52:06.154+08:00Hi Cory,
The management has a good track record o...Hi Cory,<br /><br />The management has a good track record on previous construction works. Of course there may still be errors like the 3 over run costs. Maybe i should email them to ask more in detail how they going to prevent that in the future. Construction sector faces the problem of a tight labour market and will persist for the rest of the year. Don't think they will be able to keep staff expense down. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-7865321759354022862014-03-01T11:45:48.810+08:002014-03-01T11:45:48.810+08:00Hi Small Time Investor,
Yongnam's cash flow w...Hi Small Time Investor,<br /><br />Yongnam's cash flow was also affected due to the decrease in profits. Free cash flow is also negative. It's net cash flow from operating activities is 1.57 million and its capital expenditure is 55.98 million. However, it has trade receivables of 119.45 million for FY14 which i think will be more than enough to cover the negative free cash flows in FY13 unless its customers default on their payments. It also has cash & equivalents of 14.85 million. For the next year, there shouldn't be a problem in terms of cash flow for Yongnam. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-1704338252638378672014-03-01T02:06:03.594+08:002014-03-01T02:06:03.594+08:003 projects and the 2 so called one time. There is ...3 projects and the 2 so called one time. There is too many events for which unless you know the management well on their capability, should we err on the safe side ? Furthermore there is a limit on staff expense cut before we fall into the danger of downward spiral.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-4656217264999924872014-03-01T00:05:35.191+08:002014-03-01T00:05:35.191+08:00Hi SGYI
How about it's free cash flow ? Or D...Hi SGYI <br /><br />How about it's free cash flow ? Or Does this company faces any cash flow problem ? Small Time Investorhttps://www.blogger.com/profile/07278163226576640383noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-59673142003381989162014-02-28T23:54:39.557+08:002014-02-28T23:54:39.557+08:00Hi Gerald,
Herd mentality indeed. Now i guess the...Hi Gerald,<br /><br />Herd mentality indeed. Now i guess the herd is gone after the disappointing results since last quarter. Many of my friends bought at the high before it crashed. It was quite a hot stock before. It dropped from a high of 0.38 to a low of 0.23 now. Volume also low as compared to last time. Maybe its time to go in since the herd is not there now? Look at what happened to REITS too. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-91678060675197444572014-02-28T23:27:25.054+08:002014-02-28T23:27:25.054+08:00A few months ago, one of my best friends sent me a...A few months ago, one of my best friends sent me a text to recommend investing in one of the local stocks, Yongnam. In his texts, he kept praising how good the company was, citing the various exciting business prospects and developments. I did not solicit for his views on any stock investments before, so I was quite surprised that he tried to induce me to invest in this counter. Furthermore, I am not the sort of person who is easily influenced by others when it comes to stock investment and normally I would do my own research before investing in any counters. So I chided him for trying to induce me to invest in Yongnam. Of course he denied flatly and vehemently defended that he was just sharing good stuff. I gave him the benefit of my doubts since he is my good friend, nonetheless, I did not invest in Yongnam.<br /><br />Check out he full article in my blog, SG Wealth Builder (www.sgwealthbuilder.com).Anonymoushttps://www.blogger.com/profile/08620224118938839739noreply@blogger.com