Serial Systems

Serial Systems: Co-founder, Derek Goh, has been a relentless buyer of his co's shares in recent years. In the past mth, he bought 3.22m shares at an average price of 12.50c apiece. This was after Serial reported that its 2012 net profit fell 29% to S$9.2m. Serial typically pays 45-50% of its earnings as dividend. While Derek now holds a 36.31% stake in the company, its No.2 largest shareholder, Sam Goi, has built up his to 12.48%. Serial System is probably the only listed IT-related company he owns a substantial stake in. Serial System shares, at 12.3c recently, trade at a historical PE ratio of 12X.