OTHERS RCE CAPITAL BERHAD ("RCE") - FINAL DIVIDEND
RCE CAPITAL BERHAD
Type Announcement Subject OTHERS Description RCE CAPITAL BERHAD ("RCE") - FINAL DIVIDEND The Board of Directors of RCE is pleased to propose a final single-tier dividend of 3.5 sen per ordinary share in respect of the financial year ended 31 March 2016, subject to the approval of the shareholders at the forthcoming Sixty-Second Annual General Meeting of RCE.
The entitlement date and date of payment in respect of the aforesaid final dividend will be determined and announced in due course.
RCE CAPITAL BERHAD (Company No. 2444-M) MEDIA RELEASE 26 May 2016
RCE GROUP ANNOUNCES 18.6% INCREASE IN ANNUAL PROFIT BEFORE TAX (“PBT”)
Annual PBT up 18.6% against a year ago 16.9% growth in loan base driven by market demand Higher annual revenue of RM162.4 million Implementation of Central Credit Reference Information System (“CCRIS”) in progress Completion of Share Consolidation and Capital Repayment Proposed final single-tier dividend of 3.5 sen per share
The Star Business dated 18th June 2016.......big potential business going online though regulations of this new money lending platform.....by BNM.
APPLICATIONS for parties seeking to run peer-to-peer or P2P lending platforms are open now and will close on July 2.
The interest is strong and driven by the huge transactions such platforms are seeing in countries like the United States, China and even Singapore. How the market regulators go about in their selection process will be crucial. P2P is meant to democratise lending activity in the SME segment by helping such companies and entreprenuers have greater access to the capital market and raise funding efficiently. SMEs are, after all, the bedrock of any economy.
P2P is also an avenue for lenders – it offers individuals another avenue for them to invest their savings. To run efficient P2P platforms, providers ought to be nimble and innovative, characteristics that are not necessarily found in traditional banks. It is no secret that the whole financial technology or fintech movement, of which P2P is part of, is aimed at offering better solutions to the market than what traditional banks are offering. But if the new licences end up in the domain of mainly large traditional financial institutions, this would go against the spirit of things.
That said, the regulator has emphasised that parties seeking to play in the P2P space have to show strong governance track records, be fit and proper and have sound financial backing. But besides that, more weight should be given to how innovative the applicants are in their efforts to run a P2P platform in the country. Anything less and the dream of using fintech to fast-track funding of small companies and their entreprenuer owners would be stymied.
RCE Capital Bhd ranks 23 out of 50 Top Dividend Paying Firms for the past 5 years, according to data compiled by the weekly TheEdgeMarkets in the July 24-31 issue. In terms of percentage for 1 year, RCECAP ranks 3, while for 5 years, it ranks 4. RCE CAPITAL stands tall among the 50 top firms too!
TOP 5 Highest Dividen-paying companies ( August 16 ) Author: TopShare | Publish date: Tue, 2 Aug 2016, 01:58 PM
This is the list of companies with highest dividen-paying that ex-date is on AUGUST not whole year. For some, please read carefully and stop being ignorant and accusing me of being a liar. Thanks!! Based on all the announcement made and price on 02/0816.
A Stellar 1Q FY2017 Performance By RCE Capital Again
RCE CAPITAL BERHAD (Company No. 2444-M)
MEDIA RELEASE 10 August 2016
4 FOLDS INCREASE IN EARNINGS PER SHARE (“EPS”) FOLLOWING SHARE CONSOLIDATION AND CAPITAL REPAYMENT
1QFY17 EPS improved 4 folds arising from Share Consolidation and Capital Repayment Higher revenue of RM51.9 million on the back of 15.8% loans growth
110.8% increase in profit before tax (“PBT”), with corresponding 153.6% increase in PAT against previous quarter
Successful first issuance of RM155.5 million via Al Dzahab Assets Berhad’s (“ADA”) Sukuk Murabahah Asset-Backed Securitisation Programme of up to RM900.0 million (“Sukuk Programme”)
KUALA LUMPUR: Following the completion of the exercise to reduce RCE Capital Berhad’s (“the Group”) issued and paid-up share capital from 1,363,809,945 to 340,952,486 ordinary shares, EPS improved 4 folds from a pre-consolidated EPS of 1.35 sen to a post-consolidated EPS of 5.40 sen in 1QFY17.
Against the corresponding period, the adjusted EPS climbed 82.4% from 2.96 sen to 5.40 sen driven by improved earnings. Accordingly, net assets per share increased from RM0.45 a year ago to RM1.16.
Meanwhile, total revenue stood at RM51.9 million, up 38.4% as compared to RM37.5 million a year ago, driven primarily by higher interest income of RM8.2 million against loans growth of 15.8%, as well as a RM6.4 million higher fee-based income arising from improvement in business terms. Arising thereof, PBT improved from RM11.1 million to RM23.4 million, reflecting a 110.8%, increase against the previous quarter.
Correspondingly, PAT saw a 153.6% jump in 1QFY17, up RM10.6 million, from RM6.9 million in the previous quarter to RM17.5 million.
On the corporate front, the Group established a Sukuk Programme via ADA backed by loan receivables originated by RCE Marketing Sdn Bhd (“RCEM”). ADA, a trust-owned special purpose bankruptcy remote vehicle, successfully launched its first issuance of RM155.5 million on 21 June 2016, making this the Group’s fourth venture into the debt capital markets. The Sukuk Programme is expected to increase the capital funds of RCEM for future business growth, thus contributing positively to the earnings of the Group in future years.
Despite the challenging business outlook, the positive momentum in the Group’s consumer loan financing segment is expected to continue. Nonetheless, the Group remains focused on quality loans with continued vigilance on managing asset quality and ensuring operational efficiency through process simplification initiatives to enhance competitive advantage with the objective of meeting customers’ requirements.
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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....
Siti Fazli Bin
10 posts
Posted by Siti Fazli Bin > 2016-05-12 08:59 | Report Abuse
Just wait for it to goreng. I will buy more should the opportunity exists.