Prospects for the financial year ending 31 December 2015 Our Group has completed the land clearing of 123.5 acres in Pasir Raja, Dungun and commenced farming of our herbal plants thereon. Our Group expects the first harvest of our herbal plants by end of 2015. The acceptance of our Group’s herbal product in China market are well accepted as part of our active campaign promoting our health supplement products in China through our participation in exhibitions held in China’s major provinces as part of our on‐going market expansion. Reference is made to the Company’s announcement dated 19 August 2015 in relation to the Memorandum of Understanding (“MOU”) with with PUC Founder (MSC) Berhad (“PUCF”). There is no material development pertaining to the MOU entered into between the PUCF and our Group.
Barring unforeseen circumstances, our Board of Directors of the Company (“Board”) is optimistic on our Group’s performance for the financial year ending 31 December 2015.
Comparison with immediate preceding quarter’s results The revenue for the current quarter has increased by RM0.29 million or 3.44% to RM8.54 million from RM8.25 in the second quarter. The PBT for the current quarter has correspondingly increased by RM2.03 million or 408% from 0.50 million to RM2.53 million in the third quarter. The increase was mainly due to the export of our herbal product to China market. --------------------- How come 408% from 0.50 million? Last year same quarter should be 1.91 million? it is calculate wrongly? like a lot of incorrect calculation in the report....
They r willing to give such a good dividend becos they know that this company will blossom up very fast with good sales contacts in China where the population can easily consume all its products especially herbals.
Dear vinvin, please refer to Bio Alpha 2014 annual report. Last year, the company paid interim dividends of RM0.0013 (0.13 cents). So which one do you think is more possible? RM0.09 (9 cents) or 0.09 cents? Furthermore, the company's NTA is only RM0.16 (16 cents). Do you think the company has that much cash? 9 cents is more than 50% of 16 cents!
Just confusing fatty-tang, they didn't mention the cents there n to everyone RM0.0900 would mean 9 cents. In fact, I didn't believe so much also...............just confusing!!!
The company only has RM50mil current asset of which 9mil cash, 7.8mil short term FD and the rest from receivables and inventory. How on earth this company going to distribute RM0.09 which require RM41mil cash. Even use all the cash and short term FD still need another 20mil+ cash ( company till turn into 0 cash ), unless company borrow more from bank to pay dividend. So RM0.009 or even worse, 9% of RM0.05 par value which translated to RM0.0045 is more likely. Just my 2c opinion.
These companies lure ppl to chase for the one off dividend and once it is ex'ed, the share price will be adjusted downwards. That is when u will get stuck with the share for a long long time...
It is written Rm0.09 per shr means 9 cts.i.e $90 per shr.As I have said earlier,there is no reason why they should declare such high dividen other to enrich some share holders.Vinvin.you don't give out so much cash till you got a lot of money from your business,isn't it? Is it only prudent just like you don't borrow money to give ang pow unless you have the money,do you?
"Second Interim Dividend of 2.5 sen per share (Single Tier Dividend) in respect of the financial year ending 30 June 2016" (Padini)
For bio "First Interim Single Tier Dividend of RM 0.09 per share for the financial year ending 31 December 2015"
I think bursa will announce 9.0 sen per share instead if really giving 9 sen instead of RM0.09 per share. It's kinda misleading by putting RM0.09.
Bio's last FY dividend payout
"Since the end of the last financial year, a first interim single tier dividend of RM0.0013 per share, amounting to a total dividend of RM475,000 was declared on 31 October 2014 of which RM249,000 has been paid in November 2014 and the remaining balance is payable in January 2015"
I think it should be RM0.0009 or 0.09 sen per share instead. It's first interim dividend though, still have final dividend to come. If not mistaken bio has 30% dividend policy.
for every 1000 lots you will get RM90. for 463.413 millions of shares, bio need to pay out about RM417k as dividend payment which kinda logic based on 30% dividend policy.
It's a good company, profitable n also paying dividend, although small but still safe to hold for long term n until such time when they have made more income then the dividend will also increase. For me, I'll hold for long term but it all depends on each individual.
if 9 sen dividend, total payout would have been 463,413,000 shares x 9 sen = RM41,707,170.00 company cash in hand = RM14,971,000.00 does this make sense?
Even if there is, I would agree with iloveDivdend that it maybe just 0.09 sen
Ya lor...vinvin...what happen? Normally if got merger or acquisition only trading halt, give dividend also trading halt? :-D up up up...biohldg... :-D :-D :-D
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Posted by pro888 > 2015-11-27 22:56 | Report Abuse
sean, Monday need to chase stock d.