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Time to invest in Innovalue 21-21.5cts..upwards from here ...

Posted by albertlaw at Jul 31, 2014 2:03 PM | Report Abuse
19 comment(s). Last comment by alibaba13131 at Oct 6, 2014 10:55 AM
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albertlaw
287 posts

Posted by albertlaw > Aug 1, 2014 6:42 PM | Report Abuse

Steady at 21 cts deapite Dow dropped >21cts..good sign


albertlaw
287 posts

Posted by albertlaw > Aug 13, 2014 11:52 PM | Report Abuse

Will be another Valuetronics..b4 xd soar ?

$6 for every 1000 shares..hope will push up the shares again..exclude extraordinary gains such as insurance credit Innovalue is deemed to have shown increase in net profits for 1H 2014


Dividend
(a) Current Financial Period Reported On
Any dividend declared for the current financial period reported on? Yes
Name of Dividend : Interim
Dividend Type : Cash
Dividend Amount per Share : 0.6 cents per ordinary share
Tax Rate : Tax exempt (One-tier)
(b) Corresponding Period of the Immediately Preceding Financial Year
Any dividend declared for the corresponding period of the immediately preceding financial
year? Yes
Name of Dividend : Interim
Dividend Type : Cash
Dividend Amount per Share : 0.6 cents per ordinary share
Tax Rate : Tax exempt (One-tier)
(c) Date payable
The interim dividend will be paid on 11 September 2014.
(d) Books closure date
Notice is hereby given that the Register of Members and the Transfer Books of the
Company will be closed on 29 August 2014 for the preparation of dividend warrants.
Duly completed registered transfers received by the Company’s Share Registrar, Boardroom
Corporate & Advisory Services Pte. Ltd., 50 Raffles Place, #32-01 Singapore Land Tower,
Singapore 048623 up to close business at 5.00p.m. on 28 August 2014, will be registered to
determine shareholders’ entitlement to the interim dividend.


GoRiLaz7028
18 posts

Posted by GoRiLaz7028 > Aug 14, 2014 3:11 PM | Report Abuse

What about its debt and cash position as compared to Valuetronics?
What about its business prospects and any book order?


passerby
57 posts

Posted by passerby > Aug 14, 2014 3:17 PM | Report Abuse

suddenly I got a feeling that i3 investor SGX got more quality members around...


albertlaw
287 posts

Posted by albertlaw > Aug 14, 2014 5:38 PM | Report Abuse

If valuemax gave $0.88 as dividends per 1000 shares verses Innovalue $6 per 1000 shares I think matter of time Innovalue can cross 30cts today closed at 24.5


Securities
Issuer/ Manager VALUEMAX GROUP LIMITED
Security VALUEMAX GROUP LIMITED - SG2G29997704 - T6I
Announcement Details
Announcement Title Mandatory Cash Dividend/ Distribution
Date & Time of Broadcast 14-Aug-2014 14:46:10
Status Replacement
Corporate Action Reference SG140411DVCAFAAZ
Submitted By (Co./ Ind. Name) Lotus Isabella Lim Mei Hua
Designation Company Secretary
Dividend/ Distribution Number Not Applicable
Dividend/ Distribution Type Final
Declared Dividend Rate (Per Share) SGD 0.0088
Event Narrative
Narrative Type Narrative Text
Additional Text The correct dividend per share is S$0.0088
Event Dates
Record Date and Time 07/05/2014 17:00:00
Ex Date 05/05/2014
Dividend Details
Payment Type Tax Exempted (1-tier)
Pay Date 22/05/2014


GoRiLaz7028
18 posts

Posted by GoRiLaz7028 > Aug 14, 2014 5:58 PM | Report Abuse

??? That's ValueMax u comparing, requesting VALUETRONICS, anyone ?

ValueMax is a pawnshop, in general, whereas Innovalues and Valuetronics are more manufacturing. Think that pure dividend comparison is misleading. What's their fundamental differences?


albertlaw
287 posts

Posted by albertlaw > Aug 14, 2014 7:56 PM | Report Abuse

CEO Goh bought 1,000,000@$0.25 today Aug 14..he is bent on supporting Innovalues



2. Date on which Director/CEO became aware of the acquisition of, or change in, interest
(if different from item 1 above, please specify the date):
14-Aug-2014
Type of securities which are the subject of the transaction (more than one option may be
chosen):
4.
✔ Ordinary voting shares/units of Listed Issuer
Other types of shares/units (excluding ordinary voting shares/units) of Listed Issuer
Rights/Options/Warrants over shares/units of Listed Issuer
Debentures of Listed Issuer
Rights/Options over debentures of Listed Issuer
Contracts over shares of the Listed Issuer which Director/CEO is a party to, or under which he is
entitled to a benefit, being contracts under which any person has a right to call for or to make
delivery of shares in the Listed Issuer
Participatory interests made available by Listed Issuer
Others (please specify):
Explanation (if the date of becoming aware is different from the date of acquisition of, or change
in, interest):
3.
5. Number of shares, units, rights, options, warrants, participatory interests and/or principal
amount/value of debentures or contracts acquired or disposed of by Director/CEO:
1,000,000
6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp
duties):
S$250,000


albertlaw
287 posts

Posted by albertlaw > Aug 21, 2014 11:37 PM | Report Abuse

Wow the directors are coverting their entitlements at such cheap prices $0.10-$0.15..will cross 30cts next week just b4 ex dividend?

20Aug Ong Tiak Beng 138000@$19542 i.e about $0.14 per share

Teo Soon Chye 138,000@$19542

Pung Tong Seng 513000@$68599 about $0.133 per share

CEO Goh Leng Tse 501000@$50,100 about $0.10 per shares


albertlaw
287 posts

Posted by albertlaw > Aug 25, 2014 5:33 PM | Report Abuse

Good move last minute close unchanged 27.5 on eve b4 ex dividend...27-27.5 good chance can close above 30cts as directors not selling especially CEO Goh and the other directors


albertlaw
287 posts

Posted by albertlaw > Sep 8, 2014 4:51 PM | Report Abuse

Up with high vol 5.9mil done..good sign I am confident of Innovalue heading even higher.Used to buy at $1.18 in 2007 and sold off at about $1.60





CEO buy up at 0.25.

Assuming 0.006C x 2 (twice a year dividend) 0.012 at current prices - say 0.3 - still a 4% dividend stock.

Year end results expected to be good. Volume picking up. I would say this stock got super potential still.

Called to buy since 0.225


albertlaw
287 posts

Posted by albertlaw > Sep 9, 2014 9:16 AM | Report Abuse

Went in again at 29cts on Mon 8 Sept...worth the punt?


wow everyday just push up 1 cts is enough


albertlaw
287 posts

Posted by albertlaw > Sep 9, 2014 10:33 AM | Report Abuse

Innovalues: AmFraser initaites coverage with Buy call and TP $0.465. The house notes that The automotve market in China and US has rebounded and been growing steadily after the global financial crisis and are expected to continue growing. Notwithstanding new customer acquisitions, a recovery in the European automotive market and the recent M&A conducted by its exisitng key customers will also add a further boost to Innovalues in the coming years.

Recently, its directors, including Chairman/CEO Mr. Goh Leng Tse, have been buying up shares from the open market. Over the last 2 months, about $1m was spent by these directors to acquire 4.7m shares (ave. price of $0.22) from the open market.

Innovalues is currently trading at 7.2x FY14F P/E with an expected CAGR of 38% for the next three years. Given its growth prospects, its high ROE, its transformation in sector focus, renewed balance sheet strength and higher prospective dividends, we believe it would be undemanding to value Innovalues at 10x FY15F P/E, which translates to a target price of $0.465.


albertlaw
287 posts

Posted by albertlaw > Sep 9, 2014 6:43 PM | Report Abuse

I nitiate buy call even earlier than AM Fraser..my call to buy was when it was 22cts in mid August

Booming automove market. The automove market in China and US has rebounded and been growing steadily aer the global fi nancial crisis and are expected to connue growing. Notwithstanding new customer acquisions, a recovery in the European automove market and the recent M& A acvies conducted by its exisng key customers will also add a further boost to

Innovalues in the coming years.

Strong boom‐ line growth through margin expansion. Although we are conservavely expecng revenue to grow at about 7% over the next 3 years, its resultant earnings is expected to grow at 3‐ yr CAGR of 38% between FY13‐ FY16F through margin expansion.

Higher dividends post balance sheet clean‐ up. Innovalues has been progressively paying down its debt over the last 6 years, and has just turned net cash in 2Q14. Along with its strong FCF, the company is now in a posion to increase dividends. We expect total dividends for FY14 to be increased to 1.7 Scts (5.7% yield) vs. 1.2 Scts in FY13 and FY12, and connue to grow going forward.

Posive insider acvity. Recently, its directors, including Chairman/CEO Mr. Goh Leng Tse, have been buying up shares from the open market. Over the last 2 months, about S$1m was spent by these directors to acquire 4.7m shares (ave. price of S$0.22) from the open market.

Clearly undervalued. Innovalues is currently trading at 7.2x FY14F P/E with an expected CAGR of 38% for the next three years. Given its growth prospects, its high ROE, its transformaon in sector focus, renewed balance sheet strength and higher prospecve dividends, we believe it would be undemanding to value Innovalues at 10x FY15F P/E, which translates to a target price of

S$0.465.


albertlaw
287 posts

Posted by albertlaw > Sep 10, 2014 10:01 AM | Report Abuse

buy only if can hold not for contra..downside limited as directors gold bought 1 mil at $0.25 and various directors also bought and convert rights/warrants/loan stocks from 15cts -22cts.. Innovalue dropped from 70cts ex bonus in the past from $1.47-$1.60 ..it has probably bottomed last few years from 10-15cts



18-May-2007 11:50 User is Offline About happyday Contact Quote!
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Alert Admin told by my broker there was 55 lot buying in at 80.5 cents,now I know why this counter was artifically push up above its theoretical ex all price of about 73 cents to punish the short sellers when counter went ex all on may 14.Probably will come down soon as the large overhang of bonus issue is on the way(1 for 1).In 2004,co also declared same bonus ratio issue.those holding till now has made tremendous gain
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happyday
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17-May-2007 13:45 User is Offline About happyday Contact Quote!
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Alert Admin innovalue traded xall on 16 may 1 for 1 bonus and 2% dividend and yet it is still above its theoretical price after going ex all.Base on 11 may last traded price $1.47 it should trade below $0.73 and with its generous bonus issue coming on the way,there will be a supply overhang and yet the counter shot up to $0.83 on 17 may..Baffling,defying gravity.Eg unisteel after going ex bonus its price down from $2,78 to $2,28 and singapura finance also ex all price of $1.9 to its current price $1,62.Why is this innovalue so special?or is this ex all price artifically supported?


albertlaw
287 posts

Posted by albertlaw > Sep 10, 2014 1:56 PM | Report Abuse

uckie wrote:
it's pushing.. but how long can this last.. no one knows.
As long as the senior management of the company is vested, I think it will last.


albertlaw
287 posts

Posted by albertlaw > Sep 11, 2014 7:21 PM | Report Abuse

close at 32 cts on 11 Sept 2014


albertlaw
287 posts

Posted by albertlaw > Sep 30, 2014 2:47 PM | Report Abuse

MayBank-KE Research



Innovalues (IP SP): Positive post-NDR outlook Buy TP SGD0.52
Twelve investors attended our NDR with Innovalues, in which management displayed confidence in their outlook.

3Q14 results will be strong indicator of this outlook. Maintain BUY with TP of SGD0.52 (10x FY15E P/E).

Recent direct qualification by two major automakers will push Innovalues into the big leagues.
]


albertlaw
287 posts

Posted by albertlaw > Sep 30, 2014 7:15 PM | Report Abuse

Today's morning was hovering 33.5-34cts..close at 35-35.5 ended at 35cts ..looks more upside


alibaba13131
1 post

Posted by alibaba13131 > Oct 6, 2014 10:55 AM | Report Abuse

is anybody know who's their automotive customer?

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