On 13 October 2022, the disposal of the SPRINT highway was completed, and KPS Berhad received a sum of RM172.6 million for its 20% share in this exercise. The Board has considered a few options as to how the proceeds from the disposal would be utilised, one of which is distributing special dividend. The other possible options are funding future business expansion, achieving a lean balance sheet, and undertaking other corporate initiatives that would ensure the sustainability of the Group’s financial performance. To this effect, the Board today declares a special dividend of 4.5 sen per ordinary share, alongside an interim dividend of 2.0 sen per ordinary share for the financial year ending 31 December 2022. The entitlement and payment dates of the dividends will be on 12 December 2022 and 30 December 2022, respectively.
To be paid on 12/12 & 30/12, 6.5 cts fr what was collected, fr current price 73 cts yield abt 9%, company is healthy, growing and has good amt of cash. Its well planned, it shows they want investors not punters.
Gamuda announced 38sens Special divi. 2months ago ( price 3.90 ) and declared 38sens Ex-Date 13 Dec. Price Friday was 3.86, no effect on price while KWSP still disposing 5m, Why?
Marked today price 0.73. If you buy 29Nov @ 0.73, and on 9Dec, price drop to 0.665, you gain Nothing from 0.065 Total Dividend. Just like Gamuda, give 0.38 SD but at Ex-Date lost all dividend. I think this will happen as KWSP keep selling
KPS) expects to enhance its future profitability on an enlarged earnings base with the acquisition of a 100 per cent equity stake in MDS Advance Sdn Bhd via its wholly-owned subsidiary, Perangsang Dinamik Sdn Bhd, for RM85 million.
The purchase consideration of RM85 million values MDS Advance within the industry benchmark in terms of enterprise value/earnings before interest, tax, depreciation and amortisation (EV/EBITDA) ratio of 7.9 times, which will be fully satisfied by internally generated funds, KPS said in a filing with Bursa Malaysia today.
With a widened array of capabilities adding to its existing competitive advantage and value proposition, Perangsang Dinamik could offer more holistic solutions to the engineering support industry, and ultimately, the machinery and equipment industry, having even broader skillsets than some of the larger players in the industry
The acquisition is also consistent with KPS’ long-term business strategy of enhancing the group’s fundamentals by pursuing opportunities that would take us further on the trajectory of sustainable growth and continuous value creation,” he said.
Ahmad Faris said the expected higher market share would give KPS more strategic positioning relative to its peers.
"As this acquisition would further strengthen our core manufacturing business with the platform to move towards higher margin products, it is expected to contribute towards shaping a more robust group’s financial performance with broader earnings base and visibility, and ultimately, enhance shareholder value
lol. KPS management by lousy management. Simply buy other company at premium price. The biggest joke is acquisition of King Koil. King Koil going to be a drag to KPS. Toyoplas and CPI also game over as demand of household appliances drop significantly and cost increasing.
It's good to see KPS moving away from being dependent on Sprint related funds and acquiring long term business prospects. Dividends will keep me here for now. All the best!
SinGor fool, go look into the detail of the P&L statement, KPS register a OPERATING LOSS OF 69million !! NEt profit mainly due to a one off disposal gain of SPRINT for RM131 mil. Next Quarter no more one off gain, result will be very terrible ! Tomorrow ur last chance to run for life.
While its true that there will not be one off gain, but the acquisition of MDL will be taken into consideration. The price movement these few weeks have already reflected its consideration for the disposal. Might see a drop tomorrow, then next catalyst will be based on MDL. Checked SSM information for MDL, seems promising with the acquisition PE well below SPFTech/UWC with PG included.
Meanwhile at the same time gov to retender Rasau project as per announcement in parliament, another newly opened door for KPS.
Let's continue to see.
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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....
roger3210
4,570 posts
Posted by roger3210 > 2022-11-25 17:47 | Report Abuse
recevied 34c per share from sprint disposal but shareholder only get... 4.5c. Where is the big fat dividend ?