Got cash 79mil, pay 24mil special div, 20mil If I recall correctly is for new factory to replace current one being sold to highway. so paying debts etc left around 30-25mil for CAPEX loh.
Management board cannot just retain profit for the reason of company need it for growth, but without clearly stated what are the growth plans that need more fund. Investors invest into this company, if this company make money in their business operation, it make sense to return part of profit back to investors. This is how things should work. And SIGN is committed in this practice.
Thanks Cheeseburger. I am new in share investment, need some guidance. It is true that usually when company announced dividend payout , the share price before the ex date will hike to reflect the dividend and once the ex date the share price will be coming down by the dividend equivalent? Eg, now this special dividend of RM0.1 already being factored into the recent share price where it has increased and after ex date it will come down by 10 cents ?
sign to break 1.20 in this few days. After break 1.2, target price will be 1.28. Sign currently work on pricing with Danga Bay project. Once the price being finalize, the management will do the annoucement. The project cost for Danga Bay will be around RM150 million - RM200 million. While the Battersea project result should come out as early as third quarter this year.
cash rich company. RM80 million already in hand. After deduct RM24 million for special dividend, they still got RM56 million in the bank. If invest in FD, one year interest already RM2.4 million. The fundamental of company look good also. RM150 million order in hand now.
Vews, look at annoucements, they plan to have new factory ard 20mil to spent. Maybe not keeping so mich cash. But i am expecting projects, thts is tje fundamental tht will help them.
projects could be coming from Johor (country garden) and middle east markets (improving oil price). Hope that they get more projects and be announced to boost things up.
Valuation Maintain target price at RM1.62/share based on unchanged PE of 10x CY17 EPS. We continue to like Signature as the change in property trend with slew of upmarket development in the future will bode well for premier kitchen players like Signature. Maintain Buy.
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....
paperplane2016
21,660 posts
Posted by paperplane2016 > 2016-05-25 13:05 | Report Abuse
Weighted average number of ordinary shares in issue ('000) 119,428 119,457 119,428 119,457