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23-09-2015, 06:05 PM
TTj has announced a decent 4.45 EPS.
On a cashflow basis, the company generated a cash flow of 8.9 cents per share. Cash on balance sheet has grown to 24 cents per share. The company has announced a 8 cents dividend probably to reduce excess cash. This is commendable.
Moving forward, it is likely TTJ will continue to produce a cash flow of 4-5 cents per annum with the pick up of public infrastructure projects (North-South expressway and Geylang Serai Community Hub). On an ex dividend basis, the company will be 25.5 cents. Hence P/FCF is still attractive in the 20%.
It makes my 1 lot sale of 0.45 seem like only a fair deal
On a cashflow basis, the company generated a cash flow of 8.9 cents per share. Cash on balance sheet has grown to 24 cents per share. The company has announced a 8 cents dividend probably to reduce excess cash. This is commendable.
Moving forward, it is likely TTJ will continue to produce a cash flow of 4-5 cents per annum with the pick up of public infrastructure projects (North-South expressway and Geylang Serai Community Hub). On an ex dividend basis, the company will be 25.5 cents. Hence P/FCF is still attractive in the 20%.
It makes my 1 lot sale of 0.45 seem like only a fair deal