the proposed total final cash and share dividend will be equivalent to 1.1 sen per ordinary share. The details of the entitlement date and payment date on the proposed final dividend will be announced later.
@beckham89 no special news. the meeting ended within 1.5 hour. Regarding declining PAT, management only said they are trying their very best to improve.
I'm watching PANTECH for almost 2 years !! I watch it rocketted to RM 1 and skydived to RM 0.50 due to pessimistic oil price. The reason I'm watching for such period is I am attracted to the quarterly dividend declaration.
The Keypoint I had observed : (1) Pantech recorded an 11% decline in PAT. I believed it is justified at the current low depressed price. PANTECH is involved in the O&G sector, which oil price dictates the demand of their product trading division attributed to ~60% of revenue with margin of ~9.5%, and manufacturing ~40% revenue and margin of ~9%。
(2) The balance sheet is just a moderate BS with a total 144m of debt vs 80m of cash.
(3) The best segment in the QR is their Cashflow (CF). Their CFFO for this QR is a whopping 25m , and among that 14m is used to pare down their loan. At current rate, it needs approx 11 quarter or ~3 years to complete pare down everything. Dividend declared cost 3.0m, and interest cost 1.7m.
(4) Prospect is the thing that drove me away from PANTECH. O&G Prospect is very unclear, and is justified by their low to negligible capex ... I'll be watching tightly for any change of O&G prospect, and this will be my 2nd priority target for O&G play...
mbs7633, my 1st O&G pick will be WELLCAL, which has 70% recurring customer and also quarterly dividend declaration.
I wouldn't talk about WELLCAL in this thread, you can climb back my thread at WELLCAL. Similarly, I make a thin profit after O&G crackdown on WELLCAL, but I still haven't give up on acquire WELLCAL if the golden age of O&G arrive at the doorstep...
Art Of War written by Sun Tze states that it is very important to factor in 3 factors, 1. 天时 - timing 2. 地利 - The environment 3. 人和 - The people
O&G sector clearly haven't have the 1st and 2nd factor... So we wait until the time comes and we strike.
And another thing, do not think big is good... SKPETRO, KNM those gigantic company ... we are unable to dissect their revenue properly, and a lot of shit might be hiding around the bushes...
I will recommend mid-cap with clear cut business, which we able to dissect, interpret, and project their profit properly...
Remember that the larger the nation (company), the larger the cost of bureaucracy (cost of hiring etc etc).
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....
summerbengui
6 posts
Posted by summerbengui > 2016-03-07 01:46 | Report Abuse
great. 0.58 in nw 0.615.
no comment towards key barrier which shot on the others brainless. im still earning my $.