On 17 October 2011, I looked at Hock Lian Seng's numbers after observing how insiders were buying up its shares at 23.5c a piece. I decided that its numbers were decent enough and that it would probably be able to pay a dividend of 1.5c a share.
I bought more shares at 24c a piece while waiting to see if price would fall closer to its NAV per share. Prices did go lower and touched a low of 21c
Showing posts with label hock lian seng. Show all posts
Showing posts with label hock lian seng. Show all posts
Thursday, February 23, 2012
Monday, October 17, 2011
Hock Lian Seng: Insider buying.
There has been quite a bit of insider buying going on in Hock Lian Seng as its share price plunged in recent weeks to hit a new low of 23.5c. I know Hock Lian Seng to have a rather robust business although it is in a cyclical industry. So, I decided to take a look at its numbers.
Revenue for 1H 2011 reduced 32.3% compared to 1H 2010 due to the completion of Marina Bay Station project. Other
Revenue for 1H 2011 reduced 32.3% compared to 1H 2010 due to the completion of Marina Bay Station project. Other
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