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Today's Closing Price is SGD 5.690 per share.
Financial Results for Second Quarter ("2Q17") and Half Year ended 30 June 2017
1. The Group's total revenue of $24.1 million for 2Q17 was $1.3 million or 5.2% lower than 2Q16 due to lower business volumes
2. The Group’s operating costs of $17.1 million for 2Q17 were $0.8 million or 4.4% lower than 2Q16, in tandem with the lower business volumes
3. The Group’s operating profit of $7.0 million for 2Q17 was $0.5 million or 7.2% lower than 2Q16
4. The Group’s Profit attributable to Shareholders of the Company of $6.1 million for 2Q17 was $0.6 million or 8.3% lower than 2Q16
5. The net cash outflow in 2Q17 was $10.6 million after payment of dividends
6. Net asset value per share as at 30 June 2017 was SGD 1.65
7. Vicom declared interim dividend of SGD 0.1312 per share versus SGD 0.08 per share a year ago.
More details in
http://infopub.sgx.com/FileOpen/VICOM_2Q...eID=465802
Specuvestor: Asset - Business - Structure.
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07-08-2017, 06:30 PM
(This post was last modified: 07-08-2017, 06:31 PM by opmi.)
To add:
17 DIVIDEND
(a) Current Financial Period Reported On
The Directors are pleased to declare a tax-exempt one-tier interim dividend of 13.12 cents (2016: 8.00
cents) per ordinary share.
Name of Dividend Interim
Dividend Type Cash; Tax-exempt one-tier
Dividend Amount per ordinary share 13.12 cents
Tax Rate Exempt one-tier
The Directors are pleased to announce with immediate effect that the dividend policy has been revised
to a payout ratio of 90% of Net Profit attributable to Shareholders from the previous policy of 50%.
Need more money to fight Grab? Hahaha
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(07-08-2017, 06:30 PM)opmi Wrote: The Directors are pleased to announce with immediate effect that the dividend policy has been revised
to a payout ratio of 90% of Net Profit attributable to Shareholders from the previous policy of 50%.
Need more money to fight Grab? Hahaha
Despite having a dividend policy of "at least 50% of NP", VICOM has actually been exceeding that (by a large margin) for a couple of years now. Its avg dividend payout ratio as % of NP has been ~80% avg for last 3 years. Cash has been accumulating on the BS steadily. In end 2010, it was ~49mil and by end of this quarter closing, it is ~100mil.
With its strong FCF generation capability,adhering to payout ratio of 90% will continue to accumulate cash on the BS - So, will it actually pay out >100% of NP/FCF via special dividends for its parent to fight the war?
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.
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Parent CD needs the cash inflow to beef up it's book, it's a long drawn fight and UBER/GRAB has got tons to burn! :O
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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Agree that this is a good dividend stock to own.
Pros: Near monopolistic power on vehicle inspection.
Cons: Zero growth in vehicle population. So do not expect capital appreciation.
Vested (my biggest holding)
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Looking forward 5 to 10 years what will happens if all or almost all vehicles are EV.
How much can Vicom charges for inspecting EVs?
Surely not the same amount as present because there are really not much things to check for an EV.
Maybe i am wrong in my understanding.
Am i?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Good point there. Perhaps given the risk of battery explosions, Vicom's inspections would focus on the battery? Just speculation but I'm sure there must be some checks even for EVs.
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