Jayatiasa 63th AGM minutes. So now who is twisting and turning on jaks FCF is positive?
Question: And what will be the dividend policy moving forward in terms of %,
Reply: Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long-term growth. However, that will not restrict declaration of dividend of more than 20%. With improvement in financial position and market condition, the dividend payout will increase accordingly
Reply: Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long-term growth. However, that will not restrict declaration of dividend of more than 20%. With improvement in financial position and market condition, the dividend payout will increase accordingly
Action speak lounder than word. Jayatiasa EPS 14.57 sen for FYE 30/6/2024 Dividend: Ann. Date Ex Date Type Subject Amount 30-Aug-2024 13-Sep-2024 DIVIDEND Second Interim Dividend RM 0.0350 29-Feb-2024 14-Mar-2024 DIVIDEND First Interim Dividend RM 0.0250
Aiyoyo Mike-tikus, Why want to tell lies everday and in every i3forum you go?
Posted by prudentinvestor > Aug 31, 2024 1:08 PM | Report Abuse "Why want to tell lies everyday?" Hahaha, what a joke. A pathological and consummate liar accusing someone who obviously has been telling truth of being lying. A clown will always behave like a clown
Aiyoyo Mike-tikus Why telling lies jaks FCF is positive and now another one CAGR 3Y +29.9%?
Mind telling how you get jaks CAGR : 3Y + 29.9 %?
Jaks Annual Revenue and Net Profit / ( Loss ) : 1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. ) 2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million. 3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million. 4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..
5.) FYE 2024 : >> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million. >> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million
I will not fuss about the FY4Q24 results but to focus on the 3.5% final dividend making 6.0% for the year. One or two quarters weaker results is palatable when the directors make a statement about future dividends by giving out 6% for the year. At a modest PE 8, dividend yield is 5.17% with share price 1.16. What's not to like about JTiasa?
Cash flow RM ’000 Current year-to-date 30 Jun 2024 Corresponding year-to-date30 Jun 2023 Net cash generated from operating activities 360,029 297,188 Net cash used in investing activities (114,828) (44,406) Net cash generated from/(used in) financing activities (195,301) (287,106) Effect of exchange rate changes 18 184 Cash & cash equivalents at beginning of financial period 194,204 228,344 Cash & cash equivalents at end of financial period 244,122 194,204
Current Liabilities Loans and borrowings 57,652 56,314 Non-current Liabilities - Loans and borrowings 136,577 292,054 So by FYE June 2025 the current loan and borrowing will be cleared.
Mike-tikus when jaks cash flow will turn positive? Jaks need many more years of PP or RI for working capital and loan repayment.
This is interesting. Disappointed short term investors continue to focus on short term results this morning instead of looking at the longer term management of the company. To me, it is very significant the BOD approved a 6% dividend FY2024 signifying a change in tight purse strings when it comes to minority shareholders. I will continue to buy more on weakness.
the reason why jtiasa price seems undervalued is because there is no revision to dividend policy yet. they can have 500m operating profit what is the use if the minorities dont have absolute certainty? price will always be in discount due to lack of transparency and clear direction.
Only death and taxes are certain. Dividends can never be fixed and certain; it depends on the company's performance, future needs and ultimately the BOD who determine and can vary the set policy. That is why 2.5% + 3.5 % for FY2024 is so significant being the highest for decades.
My TP for Jayatiasa, OSK and Insas was RM 1.50 I sold some jayatiasa when it hit RM 1.50 All OSK when it hit RM 1.60 And most of Insas at RM 1.20+
I bought back a lot of Jtiasa for the dividend some Insas at RM 1.0+ and recently 10k OSK at 1.53 I already hit my 50% limit on jtiasa and now waiting to collect back OSK and Insas on weakness.
Only death and taxes are certain. Dividends can never be fixed and certain; it depends on the company's performance, future needs and ultimately the BOD who determine and can vary the set policy. That is why 2.5% + 3.5 % for FY2024 is so significant being the highest for decades.
i wonder how u invest if theres no aspect of certainty when it comes to your decision making. so are u happy with 6cents dividend? if they dont tune their policy. they are only committed to pay u not more than 8c every year for the next decade or so.
I have JTiasa and OSK😀 but am holding for long term. Only a small (20% or so) portion for occasional trading. Sslee, you seem to have good instincts for taking advantage of price fluctuations so can trade more often.
The BOD are the gods who determine dividend payments each year and who also can vary any set dividend policy. I only try to interpret future action from their apparent signals. Having been on the BOD of a public listed company in the past gives me some insight.
Aiyoyo Mike-tikus, Jaks never paid any dividend but asking money from investors and Shareholders yearly through PP and RI for working capital and loan repayment.
Why you want to promte such a gruesome company every forum you go? Are you trapped high in jaks?
I only bought jtiasa when company start to pay dividend and pare down borrowing. With operating cash flow of 360 million why worry about company not paying your a reasonable dividend?
Payout 6% dividend FY2024 is RM58 m or 41% of net profit RM141 m when guideline is 20%. Tell you anything?
U dont understand where im coming from. i can give u all the info profit cashflow etc but u still cannot guess the dividend. min 20% max ?. U see the range? for an investor 20% and 80% is a world of difference
Dividends can be zero, or over 100% of net annual profit, if there are accumulated profit reserves. It's the BOD who decides. Declaration of dividends is at the BODs discretion with dividend policy a guideline. You want a guarantee? Sorry, no company will give you one.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Johnchew5
11,714 posts
Posted by Johnchew5 > 2024-08-31 00:01 |
Post removed.Why?