Friday, February 25, 2011
Nice Channel formed for DJI
A nice channel is formed for Dow Jones Industrial. A pending buy at immediate support 12000 would be low risk trade, which turned out to be the case.
BLACK SWAN strikes twice on Hotel Grand Central
This is what I called a BLACK SWAN event... never be complacent...
Hotel Grand Central NZ asset in jeopardy
HOTEL Grand Chancellor Christchurch, owned by Singapore firm Hotel Grand Central, is in danger of collapsing. The group announced yesterday that in a worst case scenario, the building in New Zealand's Christchurch is unstable and may possibly collapse. Hotel Grand Chancellor is the city's tallest building. It is said that a collapse may spark off a domino effect on other unstable buildings in the city central. The hotel had weathered two earthquakes within six months - a 7.1-magnitude temblor last September and a 6.3-magnitude one on Tuesday - but the latter proved more devastating to the building, which suffered severe structural damage this time. The hotel, which is not financed by any bank borrowings, ceased operations on Tuesday and transferred all administrative and operational functions to another branch in Wellington. All guests and staff members were also evacuated on Tuesday and there were no reported fatalities. Currently, the group is said to be providing assistance and counselling services for affected employees.
Full assessments have yet to be completed on the building. It is said that the company is fully insured for material damage exceeding the book value of the hotel of NZ$39 million and is also covered for business interruption for a period of up to 36 months.
This is not the first hotel of the group to be affected by natural calamities. Earlier this year, Hotel Grand Central's Brisbane hotel had to cope with disrupted food and bed linen supplies despite not being directly affected by the floods that hit the city.
Thursday, February 24, 2011
Super Group
This is one of the counter I dabbled in when I first started investing/trading/punting whatever u call it. A very good company with strong brand name and products. I would not be surprised if it become a buyout candidate in the near future. Below is an article on its 2010 results.
Revenue for the three months ended Dec 31, 2010, rose 27.1 per cent year-on-year to $106.7 million. This was due not only to higher branded consumer sales in Asian countries including Thailand, Myanmar and Mongolia, but also to a trebling in ingredients sales, particularly non-dairy creamer in the China market.
The group leveraged on the doubling of demand after completion of its new non-dairy creamer production line in its existing Wuxi plant in China during the third quarter of 2010. This expanded the group's annual production capacity from 50,000 tonnes to 75,000 tonnes.
FY10 net profit, including earnings attributable to minority interests, jumped 47 per cent to $59.3 million, from $40.4 million the year before. This was helped by better margins and a 19 per cent rise in revenue to $351.8 million. Excluding minority interests, net pro-fit rose 45 per cent to $58.4 million.
FY10 earnings per share rose to 10.66 cents, up from 7.48 cents.
The group concluded FY10 with a cash reserve of $141.8 million. 'We have plans to expand the non-dairy creamer production capacity in China,' said David Teo, the group's chairman and managing director. 'This expansion will provide us with strategic proximity to customers and contribute to our overall growth.'
The group proposed a final dividend of 3.6 cents per share, making it 5.4 cents for FY10.
Super Group shares closed trading yesterday at $1.40, down five cents.
Super Group Q4 net profit falls 25.9%
SUPER Group, an instant beverages and convenience foods company, posted a fourth-quarter net profit of $11.9 million, a year-on-year fall of 25.9 per cent. Amid an environment of rising raw material prices and currency fluctuations, the group saw falls in fourth-quarter gross and net profit margins by 7.4 percentage points to 32.3 per cent and 7.9 percentage points to 11.1 per cent respectively.Revenue for the three months ended Dec 31, 2010, rose 27.1 per cent year-on-year to $106.7 million. This was due not only to higher branded consumer sales in Asian countries including Thailand, Myanmar and Mongolia, but also to a trebling in ingredients sales, particularly non-dairy creamer in the China market.
The group leveraged on the doubling of demand after completion of its new non-dairy creamer production line in its existing Wuxi plant in China during the third quarter of 2010. This expanded the group's annual production capacity from 50,000 tonnes to 75,000 tonnes.
FY10 net profit, including earnings attributable to minority interests, jumped 47 per cent to $59.3 million, from $40.4 million the year before. This was helped by better margins and a 19 per cent rise in revenue to $351.8 million. Excluding minority interests, net pro-fit rose 45 per cent to $58.4 million.
FY10 earnings per share rose to 10.66 cents, up from 7.48 cents.
The group concluded FY10 with a cash reserve of $141.8 million. 'We have plans to expand the non-dairy creamer production capacity in China,' said David Teo, the group's chairman and managing director. 'This expansion will provide us with strategic proximity to customers and contribute to our overall growth.'
The group proposed a final dividend of 3.6 cents per share, making it 5.4 cents for FY10.
Super Group shares closed trading yesterday at $1.40, down five cents.
Tuesday, February 22, 2011
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