Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

I am a fundamental-value investment analyst with a bent for events and soft catalysts.

During my time on both the buy-side and sell-side I focussed on small and mid-cap companies in ASEAN, Australia and HK/China.

Although a generalist, my background as an engineer lends itself toward deep-dive research in more practical sectors like consumer and industrials.

Previous recommendations include:

Concepcion Industrial		(CIC PM)	BUY	03/12/2015		+100.1%
OSIM International		(OSIM SP)	BUY	11/12/2015		+36.9%
Bellamy's Australia Ltd	(BAL AU)	SELL	08/06/2016		+60%
Pryce Corp				(PPC PM)	BUY	14/07/2016		+105%
Rukun Raharja			(RAJA IJ)	BUY	16/02/2017		+61%
Asian Pay Television Trust (APTT SP)	BUY	30/12/2016		+67%

Pan-Asia Equity Bottom-up

ASEAN Small-Micro Cap – Winners, Losers and Opportunities for 2018

Insider Report: Largest Insider Dealings for 2017

The Company Knows Best: 2017 Asia Buyback Monitor

DEEP DIVE: Riding the Second Wave in Pryce Corp for Another 146% Upside

3Q17 Results - Higher Growth and Looming Dividend

Assessing the Implications of Phoenix Petroleums Entry to Philippines LPG Market on Pryce Corp

Research-Intensive Fundamental Value Advisor

Wickhams Hill

Wickhams Hill Capital is a research-intensive fundamental value advisor, on long and occasionally short investment opportunities concentrated in small and mid-cap public companies.

Equity Bottom-Up

<p>On Friday 22/12 Pryce Corp declared their first dividend since 1995, prior to the Asian Financial Crisis and subsequently entering rehabilitation. A milestone for the company, the 12 centavo 1H17 distribution is a harbinger of things to come, with guidance for 50% of trailing Net Income going forward. On this basis, we expect the 2H17 dividend to be declared with FY17 results in April to be 13 centavos.</p><p>We see plenty of headroom for increasing the payout ratio, given Free Cash Flow exceeds Net…</p>

On Friday 22/12 Pryce Corp declared their first dividend since 1995, prior to the Asian Financial Crisis and subsequently entering rehabilitation. A milestone for the company, the 12 centavo 1H17 distribution is a harbinger of things to come, with guidance for 50% of trailing Net Income going forward. On this basis, we expect the 2H17 dividend to be declared with FY17 results in April to be 13 centavos.We see plenty of headroom for increasing the payout ratio, given Free Cash Flow exceeds Net…

Inaugural Dividend Is a Harbinger of Things to Come