OKP Holdings

[Jon-san]

http://infopub.sgx.com/Apps?A=COW_Corpor...wzLZmthiK0

Results announced. Dividends at $0.03/shr. Seems like a pretty rough year.

[yawnyawn]

http://infopub.sgx.com/Apps?A=COW_Corpor...wzLZmthiK0

Results announced. Dividends at $0.03/shr. Seems like a pretty rough year.

Dividend should be 0.3c not 3c

[jim_city]

Seems to be extremely depressing margins - especially in the Maintenance segment. It is disappointing that a well managed company is performing so poorly.

Was looking back at the forum comments and I think edragon is a farseer:

About OKP, I always wondered the method they use to mitigate their risks as below:-
1) Their main material is bitumen (oil byproduct); whether they have a fluctuation clause in the material price as their contract can be for a period of upto 3 years but oil prices is only going one direction, their margins would suffer immensely.
2) Their works are very labour intensive; the Government intent and actual increased in work permits or other levees on foreign workers.
3) Weather; rainy weather and the amount of water have increased dramatically which affected down-time and or damages to just-laid road surfaces, water clogged areas, etc.
4) Increased claims from sub-contractors.

One could really write a case study on how a well-run company can run into poor performance due to external factors.

(vested for a couple of years and still holding on....)

[Jon-san]

http://infopub.sgx.com/Apps?A=COW_Corpor...wzLZmthiK0

Results announced. Dividends at $0.03/shr. Seems like a pretty rough year.

Dividend should be 0.3c not 3c

Thanks for the correction... My eye got stamp...

[VIChris]

Divested out quite sometime ago as the economy moat is totally gone.

[greengiraffe]

http://www.businesstimes.com.sg/companie...e-rises-08

OKP's profit falls 2.4% to S$281,000 in Q3 even as revenue rises 0.8%
By
Lee Meixianleemx@sph.com.sg@LeeMeixianBT
28 Oct5:50 AM
Singapore

INFRASTRUCTURE and civil engineering company OKP Holdings on Monday reported a 2.4 per cent drop in net profit to S$281,000, while revenue rose a marginal 0.8 per cent to S$26.2 million for its third quarter ended Sept 30, 2014.

Earnings per share was flat at 0.09

[Boon]

FY2015 Results:
 
Revenue (SGD million):
FY2012 = 104.482
FY2013 = 128.273
FY2014 = 109.476
FY2015 = 103.290
 
GPM (Gross Profit Margin):
FY2012 = 22.4%
FY2013 =   9.8%
FY2014 =   8.0%
FY2015 = 13.3%
 
NPM (Net Profit Margin):
FY2012 = 12.0%
FY2013 =   3.7%
FY2014 =   2.3%
FY2015 =   6.8%
 
NPAT (SGD, million)
FY2012 = 12.364
FY2013 =   4.812
FY2014 =   2.541
FY2015 =   7.005
 
EPS (SGD, cent)
FY2012 = 4.04
FY2013 = 1.56
FY2014 = 0.82
FY2015 = 2.27
 
DPS (SGD, cent)
FY2012 = 1.5 cent
FY2013 = 0.3 cent
FY2014 = 0.1 cent
FY2015 = 1.0 cent
 
OCF - (SGD million)
FY2012 =  (7.040)
FY2013 =  (0.229)  
FY2014 =  (1.115)
FY2015) = 20.254
 
Cash and Cash Equivalents (SGD million)
FY2012 = 53.992 (Debt = 1.454)
FY2013 = 39.863 (Debt = 2.742)
FY2014 = 34.009 (Debt = 0.722)
FY2015 = 54.689 (Debt = 0.950)
 
NAV per share (SGD Cents)
FY2012 = 30.71
FY2013 = 30.72
FY2014 = 31.26
FY2015 = 33.37
 
Order Book:
FY2015 = SGD 344.8 m
 
Number of Shares issued:
FY2015 = 308,430,594
 
Comments:
1)  Interesting construction counter with a strong balance sheet. Net cash per share of around SGD 17 cent (vs share price of 22.5 cent)
2)  NAV = 33.37 cent.
3)  Pretty stable revenue.
4)  But with irregular GPM, NPM, NPAT, EPS, OCF and DPS
_____________________________________________________________________________________________________

[cyclone]

OKP Holdings Limited wins S$19.3 million JTC project for infrastructure works at Punggol

Highlights :
* First contract win from JTC in 2016
* Contract commenced on 5 July 2016, expected to be completed by 4 October 2017
* Fifth contract win this year boosts net construction order book to S$414.1 million, with contracts extending to 2019
* The total value of contracts secured in 2016 amounted to S$101.8 million

More details in http://infopub.sgx.com/FileOpen/PressRel...eID=412390

[Jon-san]

http://okp.listedcompany.com/newsroom/20...YDT8.2.pdf

A better year on the whole. Revenue and Gross Profit Margin seems to have improved quite a bit. Final dividend of 0.7 cents and special dividend of 0.8 cents announced.

Still vested, after so many years.

[DCF]

Be very careful now with their accidental and bad track records...

http://www.straitstimes.com/singapore/tr...tor=CS3-17