Highlights
KLSE: ELKDESA (5228)       ELK-DESA RESOURCES BERHAD Main : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.16   0.00 (0.00%)  1.16 - 1.17  32,000
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Dividend, Bonus, Split & Consolidation

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Ann. Date Ex Date Payment Date Type Subject Amount View
25-Jul-2017 04-Aug-2017 08-Aug-2017 RIGHTS_ISSUE Rights Issue 1 : 5 Dividend Detail
09-Jun-2017 16-Aug-2017 28-Aug-2017 DIVIDEND Final Dividend RM 0.035 Dividend Detail
10-Nov-2016 16-Jan-2017 08-Feb-2017 DIVIDEND Interim Dividend RM 0.0325 Dividend Detail
02-Jun-2016 13-Sep-2016 30-Sep-2016 DIVIDEND Final Dividend RM 0.035 Dividend Detail
18-Feb-2016 16-Mar-2016 30-Mar-2016 DIVIDEND Interim Dividend RM 0.0325 Dividend Detail
09-Sep-2015 22-Sep-2015 25-Sep-2015 RIGHTS_ISSUE Rights Issue 1 : 2 Dividend Detail
08-Jun-2015 07-Sep-2015 23-Sep-2015 DIVIDEND First and Final Dividend RM 0.0750 Dividend Detail
16-Jun-2014 08-Sep-2014 23-Sep-2014 DIVIDEND First and Final Dividend RM 0.075 Dividend Detail
04-Mar-2014 14-Mar-2014 18-Mar-2014 RIGHTS_ISSUE Rights Issue 4 : 5 Dividend Detail
08-Jul-2013 13-Sep-2013 03-Oct-2013 DIVIDEND First and Final Dividend RM 0.065 Dividend Detail
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horseman nobody looking to this counter...................
26/06/2014 07:04
beecheng dividend 0.075 ex 8/9 pun takda org mahu kah?
03/09/2014 10:53
DA222 Wow! Drop a lots after devidend
19/09/2014 16:00
m00077 can anyone gives some advices on this counter?
15/11/2014 16:44
SpaceNeedle Less news and visibility of this company from media. If merely refers to the figure in financial report, it is looked good.
24/11/2014 22:38
jellygal27 lack of liquidity ...
02/02/2015 00:12
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5228/31-Dec-2014.jsp
12/02/2015 23:02
logitrader http://www.klse.my/stock/insider/director/all/5228.jsp
25/02/2015 18:32
bfmtechnology Just my opinion. There is improvement in revenue and net profit. It is slow counter so you will not expect big movement. So probably a 10-15% gain will be good enough.
31/03/2015 08:48
nickloke http://nickstockinvestment.blogspot.com/2015/04/elkdesa-5228-journey-starting-soon.html
08/04/2015 21:32
gungho92 rather worried that they have no cash to storm out a crisis...
09/04/2015 18:52
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5228/31-Mar-2015.jsp
21/05/2015 17:29
gforce2 7.5 sen dividend announced for the year.
But, they also announced a proposed renounceable rights issue of up to 62,500,000 new ordinary shares on the basis of one (1) Rights Share for every two (2) existing ordinary shares.

GST has affected second-hand car sales, and consequently the car loan/hire purchase market. Seems they are making sure their cashflow doesn't dry up in the short to medium term.

On paper, they have over RM50m in cash/FD, but that is after the ICULS which raised RM100m (which will also add about 80m new shares upon maturity). Let's assume a rights issue at RM1 per share, which will boost their cash reserves by another RM60m+. That's over RM110m cash in total. To put that in pespective, annual revenue was RM57m.

Assuming profits are maintained during the expected slowdown, the share dilution will mean lower EPS & DY in the short term. But let's see how they use the cash to grow.
10/06/2015 10:52
irisexy Most of the investor don't like right issue.
Who want to take out money at this moment.
11/07/2015 22:57
Acealicewy This counter suitable for those who wish to collect dividends and seldom need to look at the price movement.
25/07/2015 01:13
HolySh1t this counter dividends so high
28/07/2015 22:33
gungho92 lol... so i was right. they are running short of cash ! *shake head*
31/07/2015 22:34
gforce2 Unlike a bank, they can't raise funds through fresh bank deposits. To grow faster, they either have to borrow (debt), or issue new shares (equity) through private placement or rights issues. What I like about this company, is they've kept their bank borrowings relatively low. Their Non Performing Loans (car payment defaulters) are also manageable. In the current economic environment, Cash is still King.
20/08/2015 18:51
gforce2 http://www.bursamalaysia.com/market/listed-companies/company-announcements/4837845
Results out. Very steady, considering the current market turmoils.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4837885
The Board of Directors of ELK-Desa Resources Berhad has adopted a dividend policy to distribute not less than 60% of the Group’s annual net profits after tax to shareholders of the Company with effect from the financial year ending 31 March 2016.
The dividend policy is an initiative taken by the Company to consistently reward its long term shareholders.

Assuming they maintain their current EPS of about 15 sen, that means an estimated dividend payout of about 9 sen.
24/08/2015 18:46
cykinvest i only received my prospectus for the rights issue on 1-10-15 whereas the ex-date of the rights was 22-9-15 leaving me no choice but to take up the rights to avoid diluting my share value. Can someone tell me whether the company is following the right procedure?
02/10/2015 09:34
huat888 Don't understand what do you mean by not following the procedure?
OR trading started on 29/09/15. If don't wish to take up the rights, should have sold before ex-date.
02/10/2015 22:29
ivan9511 Hi team . Do you guys think I should hold elkdesa ?
I have no idea at all.
Potential good?
30/11/2015 13:45
ivan9511 three day same pattern.
tomorrow will hit 1.22 till1.25
02/12/2015 23:40
Acealicewy price very stable will not have heart attack like other stock in such market.. ELK is growing now and have very good dividends!
15/12/2015 16:59
domperrier Bought some for the dividend this morning, & also becos there's no more danger of a rights issue :D
23/02/2016 16:13
gforce2 3.25 sen interim dividend declared. Seems like they're switching to half-yearly dividend, instead of annually. Assuming dividend split evenly, that's 6.5 sen for the year; that's about 5% DY, on par with past performance.
24/02/2016 12:19
gforce2 Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.

The entitlement date and date of payment in respect of the aforesaid final dividend will be determined and announced in due course.

This announcement is dated 20 May 2016.
29/05/2016 18:36
gforce2 Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.
29/05/2016 18:37
gforce2 Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.
29/05/2016 18:38
Noni Yes, going to ex-dividend soon. Hooray!
07/09/2016 17:49
gforce2 http://www.freemalaysiatoday.com/category/nation/2016/11/04/used-car-dealerships-facing-tough-times/

Just wondering how this will affect ELK-Desa, since this is their main target market.
05/11/2016 17:23
Angielim9955 gforce2 , elk report so good and good divident
10/11/2016 22:54
SpaceNeedle diluting eps is an issue as conversion of loan stock even though higher net profit. This may continue causing its share price under pressure once share buy back activity lesser.
11/11/2016 10:26
gforce2 Yes. On paper, they had a good 2nd quarter. Higher revenue, but also higher impairment allowance (bad debt? NPL?) for their hire purchase financing. Also note, their furniture business makes their revenue look bigger, but it isn't profitable yet.
ICULS holders are also converting to the mother share since the dividend yield is much better (about 5.7% at current share price vs 3.25% Loan Stock Interest).

I was talking about the next 6 months to 1 year. Malaysian market starting to look a little bit shaky.
11/11/2016 10:36
Angielim9955 gforce2 , do you know why such good qr cannnot help sha price , now near hist lowest ?
is it because rinnggit too weak ?
11/11/2016 18:02
gforce2 Angielim9955, a lot of headwinds, not just locally, but internationally. The battering of the ringgit this week may just be a one-off, but it's going to be a real rollercoaster I think.

Here's another bit of news:
Another ELK DESA Rights Issue! (1 for 5)
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5257461

At least the rights issue will be at RM1.16, so it won't depress the share price too much.
More shares in the market should help to boost the liquidity/volume.
11/11/2016 18:22
Angielim9955 gforce2 , thanks gforce2
11/11/2016 18:29
Jacky Yip 它建议五配一附加股 @ RM1.16
18/11/2016 22:24
geary Simple n boring business, easy to understand, plus good earnings growth, those who intend to buy long-term more than 5 yrs, at this price is fair. Wz dividend ratio of above 50% n good FCF n retained earnings growth, it is slighly out-of-favour. Buy n hold n not for speculator, who will never ride on their investment. D best is FA wz some TA knowledge, combination of 2 kung-fu! Bye!
21/11/2016 01:33
gforce2 http://www.theedgemarkets.com/my/article/elk-desa-unperturbed-lacklustre-economy
01/12/2016 02:37
AK2899 每年都在附加股的公司,好个屁?你们的股份都被大股东吃光光还好吗?proton saga.
19/01/2017 01:31
smartInvestor1 一边出附加股拿钱 一边派息给股东?直接看ROE 太低。Furniture business still suffer loss
22/01/2017 15:08
crazy127 Future rm6.60
31/01/2017 12:44
Crazy crazy Sleeping counter....
17/02/2017 12:12
wei007 even with a good quarter result...
17/02/2017 18:19
crazy127 Buy TGUAN, now 4.50, next yr 8.88
29/03/2017 06:43
wisdomtot so exciting, yet forum is so quiet
08/06/2017 16:00
wisdomtot syiok sendiri... explode soon
14/06/2017 16:44
wei007 These 2 days volume are extremely huge. Please dun explode so soon....I am still collecting.
14/06/2017 17:13
gforce2 http://www.theedgemarkets.com/article/elkdesa-posts-8-drop-1q-net-profit

KUALA LUMPUR (Aug 18): ELK-Desa Resources Bhd reported an 8.1% drop in net profit for its first quarter ended June 30, 2017 (1QFY18) RM5.05 million from RM5.5 million a year earlier.
...
The group’s revenue for the quarter rose 16.2% to RM25.57 million from RM21.99 million in 1QFY17, thanks to higher sales contribution from both business segments.
Revenue for its hire purchase segment grew 15% to 17.64 million, whereas that of the furniture segment rose 20% to RM7.94 million.
ELK-Desa said impairment allowance for its hire purchase segment rose 46% to RM6.45 million, primarily due to higher delinquent accounts and cost of debt recoveries.
...
Similarly, the impairment allowance for its furniture segment jumped by 100% to about RM160,000 due to long outstanding trade receivables.
...

"The board is confident that the group's profit for the financial year ending 31 March 2018 will be better than financial year ended 31 March 2017," it added.

===
Quick Analysis:
The recent rights issue to raise ~RM59m was timed to provide additional funds to grow their hire purchase & furniture businesses. This should hopefully counter the higher impairments to be expected in a slowing domestic economy.
Revenue is up, but profit is down. Overall, it seems like there are more headwinds ahead. Dividend yield is around 4.5% pa, so if you're a yield seeker, some selected REITs might be a better bet.
18/08/2017 19:15


 

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