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Post by oldman on Nov 7, 2013 15:17:32 GMT 7
I am always on the lookout for companies that report stronger earnings. Saw that Ellipsiz declared a 1st Quarter profit of $6.366 mil on revenues of $34.169 mil compared to a profit of only $394K in the 1st quarter the year before. However, when one looks at the notes to the accounts, $11.489 mil of these profits were attributed to negative goodwill. This is an accounting entry where the company is said to have acquired a business for less than it thinks it is worth. The difference between what it bought it for and what the company thinks it is worth is called negative goodwill and this can be added in as 'profits' in the P&L. Adding this kind of 'profits' in the 1st quarter will ensure that the accumulated profits for the next 3 quarters will look very good as well. Of course, one then wonders why the other party will want to sell a business for less than what they think it is worth. At the end of the day, what the sellers think it may be worth is usually different from what the buyers think it may be worth. To me, all business people are clever people and they are most unlikely to sell you something for much less than what it is worth.   infopub.sgx.com/FileOpen/FY14Q1_Financial_Statement.ashx?App=Announcement&FileID=262948 |
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Post by zuolun on Apr 7, 2015 7:23:16 GMT 7
07 Apr 2015 11:29 CST DJ Enough Is Enough--Time to Sell Singapore's Ellipsiz, Says UOB -- Market Talk
0329 GMT [Dow Jones] This month's surge in the price of Singapore-listed semiconductor services company Ellipsiz (E13.SG) is enough to put off UOB Kay Hian, which initiated coverage of the company with a buy rating just a few weeks ago and is now feeling uncomfortable about the run-up. UOB notes that there have been a series of changes in shareholdings at Ellipsiz, including insider trades, but there is no fundamental change at the company. UOB suggests that speculation about Ellipsiz as a possible M&A target may have pushed up the price, but "we think the risk and reward has become less attractive after the recent price surge." Delicately, it says investors may be "prudent" to "take some profit off the table for now." Ellipsiz trades Tuesday late morning at S$0.143, a near-50% gain from the end of February.
Lum Chang MD emerges as new substantial shareholder of Ellipsiz
6 Apr 2015
A NEW substantial shareholder has emerged at Ellipsiz Ltd, after its chief executive Chan Wai Leong sold 100 million of his shares for S$15 million to David Lum Kok Seng, the managing director of Lum Chang Holdings.
With that, Mr Lum raised his stake through the married trade from 2.35 per cent to 20.44 per cent on April 5. Mr Chan's stake was pared from 19.79 per cent to 1.7 per cent.
The sudden divestment by Mr Chan was unexpected given that he was recently seen shoring up his stake in Ellipsiz in off-market transactions.
A spike in the trading volume of Ellipsiz shares had earlier prompted a query from the Singapore Exchange in March.
Ellipsiz is a probe card and distribution and service solutions provider serving the semiconductor and electronics manufacturing industries, while Lum Chang is a building contractor and property developer.
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Post by zuolun on Apr 12, 2015 8:10:05 GMT 7
Ellipsiz ~ Bullish Rectangle BreakoutEllipsiz closed with a spinning top @ $0.141 (+0.001, +0.7%) with 25.9m shares done on 10 Apr 2015. Immediate support @ S$0.137, immediate resistance @ S$0.15.   07 Apr 2015 11:29 CST DJ Enough Is Enough--Time to Sell Singapore's Ellipsiz, Says UOB -- Market Talk0329 GMT [Dow Jones] This month's surge in the price of Singapore-listed semiconductor services company Ellipsiz (E13.SG) is enough to put off UOB Kay Hian, which initiated coverage of the company with a buy rating just a few weeks ago and is now feeling uncomfortable about the run-up. UOB notes that there have been a series of changes in shareholdings at Ellipsiz, including insider trades, but there is no fundamental change at the company. UOB suggests that speculation about Ellipsiz as a possible M&A target may have pushed up the price, but "we think the risk and reward has become less attractive after the recent price surge." Delicately, it says investors may be "prudent" to "take some profit off the table for now." Ellipsiz trades Tuesday late morning at S$0.143, a near-50% gain from the end of February. Lum Chang MD emerges as new substantial shareholder of Ellipsiz6 Apr 2015 A NEW substantial shareholder has emerged at Ellipsiz Ltd, after its chief executive Chan Wai Leong sold 100 million of his shares for S$15 million to David Lum Kok Seng, the managing director of Lum Chang Holdings. With that, Mr Lum raised his stake through the married trade from 2.35 per cent to 20.44 per cent on April 5. Mr Chan's stake was pared from 19.79 per cent to 1.7 per cent. The sudden divestment by Mr Chan was unexpected given that he was recently seen shoring up his stake in Ellipsiz in off-market transactions. A spike in the trading volume of Ellipsiz shares had earlier prompted a query from the Singapore Exchange in March. Ellipsiz is a probe card and distribution and service solutions provider serving the semiconductor and electronics manufacturing industries, while Lum Chang is a building contractor and property developer.
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