Shares & Derivatives
Here is why I think GRP Ltd is a risky dividend income stock
By Investment Moats  •  September 14, 2010
[caption id="attachment_3951" align="alignright" width="150" caption="Photo by Look Into My Eyes"]Photo by Look Into My Eyes[/caption] Figures for this analysis of GRP Ltd can be found in this Google Spreadsheet here. For those who have not noticed, I have updated my latest Dividend Stocks and Portfolio allocation on the right side of the website. The google spreadsheet widget was not working very well, so I had to recreate this again. I wonder would anyone pay for a javascript portfolio tracker to make finance bloggers like us have an easier time. —– I really couldn’t find the bandwidth to uncover undervalued long term plays. Most good stocks I have discovered them too late and now their valuation is very rich. In the end I chose to take up position in this little company called GRP Ltd.

The business of GRP Ltd

GRP Limited engages in the design, manufacture, supply, and servicing of industrial/marine hoses, fittings, marine safety equipment, and related products for onshore/offshore, marine, oil, pharmaceutical, and petrochemical markets. It supplies and services a range of rubber hoses, which comprise onshore/marine loading hoses, industrial/chemical hoses, marine engineering products and services, and hose fittings, as well as products for use in the safe applications to protect loading and unloading systems from damage and downtime; and consultation, engineering works, and inspection and testing services. The company also trades and distributes precision measuring instruments and equipment, and scientific apparatus, such as dimensional measuring instruments, optics/inspection and measurement, analytical/environmental, electrical/electronics, and torque meter products. In addition, it fabricates and trades plastic moulds and plastic products, such as uPVC pipes, as well as fittings in the electrical, pressure, DWV, and rubber/sewer sectors for the construction industry under ‘Arrow’ and ‘STAR’ brand names. Further, the company involves in the rental of office and warehousing space. It has operations in Singapore, the People’s Republic of China, other ASEAN countries, and the Middle Eastern countries. The company was founded in 1977 and is headquartered in Singapore, Singapore.
I see similarity between GRP and Micro Mechanics in that they provide the solutions for the marine and petrochemical industry. In Micro Mechanics case, is to provide precision products for the semi conductor industry. Read more...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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