AP Oil (A Quick Insight)

A cash cow company?

NAV = 24.89 cent.
P/BV = 0.90397
At current share price closing today at $0.225, its about 9% below NAV.

Current P/E Ratio = 8.12 [$0.225 / ($4,563,000 / 164,531,172 shares)]

No long term/short term debt and have an cash pile of  $26,211,000.
This translate to about $0.1593 per share of cash.
($26,211,000/164,531,172 shares = $0.1593)
Net increase of $5,768,000 of cash from FY2012 $20,443,000

Dividend announced at $0.005 per share.
This computes to an yield of  2.22% at current share price ($0.005/$0.225 *100%)
Not stunning and not a magnificent dividend yield as compared to other counters out there, but AP Oil has been giving out consistent dividend of $0.005 per share for about 4 years.

Though revenue and net profit drop in FY2013 as compared to FY2012, AP oil is still making consistent profit yoy.

I have been watching this counter since June 2013 priced at around $0.185 but did not jump into it. Back then it was rather illiquid. Volume was very low and at average of less than 100 a day or it doesnt even have any trade. Price movement did not move much only until recently. Seems like momentum is building up.

A cash cow? I am rather more excited to see how the company is going to use the excess cash to  create more future economic benefit. Let's wait and see.

Cheers!

LittleBoy