The management of Micro-Mechanics has an annoying habit – They seem to enjoy releasing financial statements right smack in the middle of the trading day.

As yours truly is a poor salaried man slogging his life away during office hours, I have always found it tough to follow their fortunes in a timely manner. The management’s handling of today’s 1Q’18 results release was no different. Imagine my shock when I scrolled through my holdings during lunch time – Micro-Mechanics was up 7%! Needless to say, all was instantly forgiven.

The counter eventually closed at S$2.03, up S$1.18 since my purchase at S$0.85 in October 2016. Total returns inclusive of dividends stood at an amazing 146.59% in less 13 months! While ecstatic, the value investor in me was instantly triggered to check current fundamentals against my initiation report (here) for potential signs of over …