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Hollysys Automation Technologies Ltd. (0M58.L)
LSE - LSE Delayed price. Currency in USD
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201 reactions on $0M58.L conversation
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Is this company legit with their numbers? ~$450m cash on hand after subtracting all debt and doing ~$120m in free cash flow. Subtract the $450m with their market cap of $816m, and you are buying the business for ~$366m. A company selling for ~$366 with no debt and doing ~$120m a year in free cash flow! If those numbers are true, then this surely is one of the greatest value opportunities out there.
With such a cheap valuation and so much cash on hand, I wonder why they aren´t putting it to use. Go make an acquisition or buy back shares. They actually issued more shares in the most recent quater which makes me wonder, if they are being honest with their numbers.
In China you can have same auditors no longer than 8 years and E&Y served them since 2012 so they HAD to change auditors, no reason to panic. Delay of reporting could be assigned to change of auditors or acquisition discussions. I increased my position yesterday by 2,5X as at least from public information all is good.
I'm reading that the offer was for $23 per share for this company. Why isn't this going up to $22 at least?
10.82 cash per share, 0.82 price/book, forward PE of 7.29 and 17.10 buyout offer on the table for this company, which makes good money in a vital industry. (per finviz.) Subtract out the cash and forward PE is under 3x! One way or another, reality will catch up to HOLI eventually.
This company is poised to do well. They have great fundamental, low debt levels, and well structured plan for growth. Low P/E ratio makes it a great buy for 2020.
17.1USD offer gives 21% premium to current market price. Having in mind that current assets is 1.25 B USD and its profitable bussiness (if we adjust earnings for good-will which is not expected in futurees PE is ~8) and management plans to acquire 50M USD shares in public market I have no idea how it trades at 14.1 USD right now... Soo undervalued, increased my position few times today.
$17 is too cheap for this stock! Problem is not many folks don’t know about this company- looking at the daily average volume. Financials / balance sheet looks great. Tons of cash with hardly any debt. If interest spike in this stock, share price could double in no time. Automation company trades above PE of 25 and Holi is being traded at just 12.
I'm not complaining (because I'm buying), but why is HOLI so cheap? There are supposedly multiple entities looking to buy the company for $24 cash (or more if bidding war). I get that many were frightened by the delay in earnings and accounting co change, but couldn't this be a somewhat normal part of getting things in order to sell? Even if buyout doesn't happen now, it eventually will. In the interim, HOLI's earning and balance sheet (assuming the reporting has been accurate) supports a share price of $20. Limited downside and potential to be at least $24 soon, brings me back to...why is HOLI so cheap?
Wake up people: HOLI's Q4 growth was 7% but their book:bill ratio was 1.23 and their margins are steady. Estimates will be going up. Cash flow was huge in the quarter. HOLI stock on sale because people didn't like that they wouldn't give fiscal 2019 guidance on the conference call. But they don't need to give guidance: the huge book:bill speaks for itself.
What happened today ? earnings looked good
Another suitor steps up to the plate:
"SINGAPORE and HONG KONG, March 11, 2022 /PRNewswire/ -- TFI Asset Management Limited announced today that it has joined a consortium led by Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited in respect of pursuing a potential acquisition of Hollysys Automation Technologies Ltd. ( HOLI) . TFI expects its affiliate(s) or managed fund(s) to participate in such potential acquisition. At this stage, there can be no assurance that any agreement with the board of Hollysys could be reached in respect of a potential acquisition of Hollysys."
Anyone understands how to read current update? Does it acquisition more likely then COO joined Emerald consortium? Seems positive , but never experienced this situation so just curious what other folks think.
Unhappy bidder disrupting company. They are pressuring the stock price in hopes of forcing the deal. Earnings looking strong. I'm still buying. GLTA
amazing buy opp... this is once in a lifetime!
No doubt- Earnings was good but most likely No update on the takeover bid drove the stock down today!
Added more...undervalued stock
honestly assuming accounting is legit i was really looking into above $20 intrinsic value. This offer is a good short term pump but def discount deal for Shao
There have been numerous published detailed analysis for the buyout. The rationale is that the company can be relisted in China for multiple times of current market value. Furthermore the current political environment favors the company’s business to be listed in China. (What is the relevance to Steve Jobs? Why can’t he do something good for the company after it is privatized or relisted?) There is plenty of money for the company to satisfy both the current shareholders and future stakeholders. If the board is working for the shareholders, they should simply announce the minimum buyout price and entertain a bidding war.
Is the new offer to take them private? Don't have shares but just curious about this.
Any advice whether to vote yes or no for the acquisition proposal?
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