I added 50,000 lots of Starburst Holdings to my SRS account on Thursday at $0.555 each. I first covered this Company when it IPO last year and my article is here.
I will not spend too much time writing about the Company as you can find the annual report here.
The Company specializes in the design and engineering of fire-arms training facilities in SEA and the Middle East. The Company has been growing rapidly for the last three years and net profit hits S$13.159m in FY2014.
The Company has been generating impressive returns for its shareholders as seen by the ROE and ROA
and more importantly, the Company has little debt on its balance sheet and trading at a valuation of around 9.4x PE
The shares are quite tightly controlled with only 20% free float and each founder holding 40% of the Company.
If you want some ......