Design Studio Group Ltd.(formerly: Design Studio Furniture Manufacturer Ltd)

[Musicwhiz]

Strip out the special dividend and the Company may not look that exciting.

That, coupled with the fact that their order book is tied to the real estate industry, should be seen as negatives for the Company.

[Life is a game]

Strip out the special dividend and the Company may not look that exciting.

That, coupled with the fact that their order book is tied to the real estate industry, should be seen as negatives for the Company.

A good point. But if real estate falls where a good amount of loans issued by financial institutions are tied to this industry I don't see how other industries will escape the meltdown too. Effect of globalisation where every industry is tied to one another. But again this is just my opinion. Maybe some industry do thrive in global meltdown.

[(cy)]

thought that this company is quite decent given that it is paying out some 6 cents in dividend end Apr 2015. that gives an attractive dividend yield of more than 11% at present share price of S$0.56. any thoughts?

[bear]

AR and related documents out today.

http://infopub.sgx.com/Apps?A=COW_CorpAn...4adfefaf6d

[(cy)]

thanks for sharing the update. the company looks to be in a good position for growth with a healthy order book but the high dividend yield will surely keep shareholders happy. quite a gem for Singapore's market, the only shame is the very low liquidity due to the small float.

AR and related documents out today.

http://infopub.sgx.com/Apps?A=COW_CorpAn...4adfefaf6d

[Baldric]

http://infopub.sgx.com/FileOpen/Design%2...eID=342020

The AGM post on 7 April 2015 .
resolution 4.
To approve the payment of a fi nal dividend of 2.00 cent per ordinary share and a special dividend of 4.00 cents per ordinary share for
the year ended 31 December 2014.

the 6 cents dividend referring to the 12 feb 2015 announce dividend, or is it asking shareholder to approve another 6 cents dividend?

[bear]

Recent results for Design Studio Group Ltd.

http://infopub.sgx.com/FileOpen/NewsRele...eID=348108

- Group revenue surges 97% to S$49.4 million on the back of strong
contribution from residential and hospitality & commercial divisions;
- Remains well-positioned with order book of S$227.8 million as at 5 May 2015
and a healthy cash position of S$61.3 million (before payment of S$15.6
million in final and special dividends) as at 31 March 2015

However,the Price/book ratio is currently above 1.20 and hence may not provide much of MOS.But with the high dividend yield(based on current prices) likely to be sustain for next FY it may be worth a look on some of the company projects to investigate further.

To understand more about the latest dividend yield,I refer you to a writeup by Motley Fool Singapore 2 months ago.
http://www.fool.sg/2015/03/10/would-this...end-stock/

[Alex018]

Hi guys, this stock drop like brick after the new Management come in. The revenue seems like quite consistent in the past, but expanses shot up caused it lose money in bottom line! is it possible management try to make it looks bad first so that there is margin to improve?

[specuvestor]

maybe you should check with them the logic behind these 2 items:

Subcontractors’ costs increased from S$41.1 million in FY2017 to S$101.8 million in FY2018, mainly due
to more related subcontract works incurred for current projects.
Staff costs increased from S$28.1 million in FY2017 to S$32.6 million in FY2018 in line with the increase
in revenue and in the number of projects undertaken and also due to redundancy cost incurred in relation
to the consolidation of manufacturing operations.

[Alex018]

maybe you should check with them the logic behind these 2 items:

Subcontractors’ costs increased from S$41.1 million in FY2017 to S$101.8 million in FY2018, mainly due
to more related subcontract works incurred for current projects.
Staff costs increased from S$28.1 million in FY2017 to S$32.6 million in FY2018 in line with the increase
in revenue and in the number of projects undertaken and also due to redundancy cost incurred in relation
to the consolidation of manufacturing operations.

yes. seems like the management just anyhow spend money. They have answered queries from SGX. the reason they give is lower margin, cost overrun....
their Operating Cash Flow is negative for 2017 and 2018. seems like real negative earning. I think I pass this stock. 
it was a 10% dividend stock so sayang now become like this...