Good news announced this morning...Finally, the payment from SPLASH going to receive. Yes...company now got plenty cash to distribute as dividend to reward shareholder, most probably to increase the dividend payout.....
Taliwork received 10% of outstanding receivables (RM71.5M = ~3.5sen/share) from SPLASH in Sept 2019 (this will reflect in next quarter result which will be announced @ end of Nov). The balance RM644M will be paid over 9 yearly instalments with amounts outstanding to be charged interest rate of 5.25%. With huge cash flows into Taliwork for the next 9 years, we can anticipate that Taliwork management will increase the dividend payout from 4.8 sen yearly to 6 - 8 sen per year.
Taliworks Corp Bhd’s net profit more than tripled to RM72.64 million for the third quarter ended Sept 30, 2019 (3QFY19), from RM19.68 million in 3QFY18, boosted by a gain relating to the termination of an agreement by Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH).
The group’s revenue for the quarter, however, fell 5% to RM93.62 million from RM98.36 million in the previous year.
if you are looking for good dividend and long term investment, this may be a good stock. As the business is always needed and also they try to provide sanitisation services. RHB investment management team also mentioned this share.
This is a good share. Limited downside risk, major shareholder is Tab-Haji. The company is well run and if infra projects are awarded to Tab-Haji to improve the Pilgrims funds there is a good chance that Taliwks will get a slice. Good Div yield, solid earnings in recession proof business such as toll roads and water works. Buy.
Good opportunity to accumulate at present price. The lower the price the higher dividend yield rate! This is due to received of payment of the water asset sold over 9 years. Although coming incoming is reduced due to water re-rating, no more operation in Langkawi and reduce of construction activities.
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....