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08-06-2015, 11:48 PM
Dividends (FY10 to FY14)
1.4 mil
2.1 mil
2.8 mil
3.148 mil
4.897 mil
Dividend CAGR = 37%
Net Cash (FY10 to FY14)
1.8 mil
22.3 mil
21 mil
34.5 mil
57.4 mil
Net Cash CAGR = 138%
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IMHO, its not that management not willing to increase dividend… juz that cash generation simply too strong.
Revenue back in FY10 was 70 mil, with 6.8 mil net profit on equity of 60 mil, and with an order book of 110 mil.
With Q315 result, equity stands at 123 mil but net cash is now 80 mil.
Assuming 60 mil cash is ‘dispensable’ and 10 mil net profit for FY15, that still gives a respectable 15.9% return on equity less ‘dispensable’ cash.
1.4 mil
2.1 mil
2.8 mil
3.148 mil
4.897 mil
Dividend CAGR = 37%
Net Cash (FY10 to FY14)
1.8 mil
22.3 mil
21 mil
34.5 mil
57.4 mil
Net Cash CAGR = 138%
---
IMHO, its not that management not willing to increase dividend… juz that cash generation simply too strong.
Revenue back in FY10 was 70 mil, with 6.8 mil net profit on equity of 60 mil, and with an order book of 110 mil.
With Q315 result, equity stands at 123 mil but net cash is now 80 mil.
Assuming 60 mil cash is ‘dispensable’ and 10 mil net profit for FY15, that still gives a respectable 15.9% return on equity less ‘dispensable’ cash.