My take on Valuetronics

I notice some increased discussion on Valuetronics. Hope I am able to add my 2 cents thoughts here.

Quick look at it :

Currently, valuetronics is a bit undervalued pb0.94 and pe 4.7

Ok, lets analyse further as far as its dividends is concerned. As investors, we are concerned about getting money out of our investments, ie dividends, because then, we can continue to keep our investments and not sell them. A good company is one which is able to payout more and more dividends as time goes by.

Company NameTypeEx-DateRecord DateDate Paid/PayableParticularsVALUETRONICS HOLDINGS LIMITEDDIVIDEND29 Jul 201431 Jul 201415 Aug 2014HKD 0.04VALUETRONICS HOLDINGS LIMITEDDIVIDEND29 Jul 201431 Jul 201415 Aug 2014HKD 0.16VALUETRONICS HOLDINGS LIMITEDDIVIDEND01 Aug 201305 Aug 201316 Aug 2013HKD 0.08VALUETRONICS HOLDINGS LIMITEDDIVIDEND23 Jul 201225 Jul 201203 Aug 2012HKD 0.16VALUETRONICS HOLDINGS LIMITEDDIVIDEND23 Jul 201225 Jul 201203 Aug 2012HKD 0.01VALUETRONICS HOLDINGS LIMITEDDIVIDEND22 Jul 201126 Jul 201105 Aug 2011HKD 0.14VALUETRONICS HOLDINGS LIMITEDDIVIDEND29 Jul 201002 Aug 201013 Aug 2010HKD 0.07VALUETRONICS HOLDINGS LIMITEDDIVIDEND28 Jul 200930 Jul 200911 Aug 2009HKD 0.045VALUETRONICS HOLDINGS LIMITEDDIVIDEND04 Aug 200806 Aug 200818 Aug 2008HKD 0.078VALUETRONICS HOLDINGS LIMITEDDIVIDEND02 Aug 200706 Aug 200717 Aug 2007HKD 0.063
d

Dividends are the direct translationary effects and summary of the companies assets, business and structure into small shareholder benefits. Its use cannot be overemphasised, in my opinion.

Conclusion

!) inadequate time frame for analysis since more than one decade is preferred as this would emcompass at least 1 or 2 crisis. The company's response to a crisis is important. we only have 7 years here. using 7 years of past history, it would be insufficient to make safe predictions on future probabilities.

2) even using this 7 years, we cannot be confident to be able to discern any pattern of dividend rise. Dividend rise over a long time is important and useful yardstick to conclude that the company is making more and more money over time. 

3) or is this a cyclical business that we have yet to see the full upswing. alas from the 7 years past history dividends, its hard to discern this fact.

personally, am i willing to place my bet on the future direction of this company based on the above information? i cannot. so i think i would give this a pass.

(p.s. this is my own opinion, I could be wrong, a bit or totally wrong)

Welcome any thoughts and comments.