Thank you for your posting on this thread Privi,
Somewhat cynically (and emotively) in retrospect, I explained my views on Q&M's proposed share split in my posting yesterday. Shows what I know .......... Q&M's share price has gone up since the announcement, including an increase of one tick today when most everything else on the SGX was going south! But I still do not see the logic of the share split, vis-a-vis value benefits to the shareholders.
I agree that Q&M's ~ 1.8% dividend yield is nothing to write home about. I doubt they have the cover to pay much more however (P/E is currently ~45). As dydx points out in a recent posting, free cash levels aren't great.
I look at this as a pure growth play, with some defensive tint to it (we don't stop getting our cavities filled during an economic downturn do we?) - Q&M is 100% focused on dentistry (other "medical/health stocks" on the SGX do not have this focus - they usually cross many medical dicsiplines, sometimes with little or no synergy). While last years growth was to my mind disappointing, I am a believer in Q&M's Chinese Growth and Chinese IPO stories - but this counter is for the long term - it ain't going to deliver major returns in the near term.
Vested,
RBM
Somewhat cynically (and emotively) in retrospect, I explained my views on Q&M's proposed share split in my posting yesterday. Shows what I know .......... Q&M's share price has gone up since the announcement, including an increase of one tick today when most everything else on the SGX was going south! But I still do not see the logic of the share split, vis-a-vis value benefits to the shareholders.
I agree that Q&M's ~ 1.8% dividend yield is nothing to write home about. I doubt they have the cover to pay much more however (P/E is currently ~45). As dydx points out in a recent posting, free cash levels aren't great.
I look at this as a pure growth play, with some defensive tint to it (we don't stop getting our cavities filled during an economic downturn do we?) - Q&M is 100% focused on dentistry (other "medical/health stocks" on the SGX do not have this focus - they usually cross many medical dicsiplines, sometimes with little or no synergy). While last years growth was to my mind disappointing, I am a believer in Q&M's Chinese Growth and Chinese IPO stories - but this counter is for the long term - it ain't going to deliver major returns in the near term.
Vested,
RBM
(06-03-2012, 11:23 PM)privi Wrote: Bro rbm, been looking around for a forum who has investors talking about qnm for a very long time & I'm glad I found it here!!!
Do u think tat this move to split the shares is good for the company? I really hope it moves like fragrance hotel!! Minus the fact that qnm does not pay good dividend. Sometimes I wonder y the co dun pay more, they hold >70% of the co shares and the dividend goes back to them rite?? It will attract more investors this way rite??
RBM, Retired Botanic MatSalleh