Between all the government owned Glic " Boustead Holdings " is the most underrated or non performing company. despite holding strategic key stalks in banking , property, plantation, heavy industries, hotels, petroleum, consumer products not forgetting valuable land banks. LTAT should have changed and kick their burt's or their strategy long long ago and not let the share slide from $5.00+ to current miserable 66 sen . Heads of their division must be kick out off their comfort zone. Don't even used Maybank, Sime, Tab Haji, Misc or Petronas as the yardstick
Within the Boustead Group of companies. Affin Bank has released the qtr result plus interim dividend announcement. Possibility coming next 3 or 4 days result will see more result out and surprise dividends .
I also looking forward to have dividend! But based on YTD on 30/Sep/20 QR, the EPS is -9.8 sen! Thus, their next QR must have min EPS of 15 sen to allow them declare dividend. Or maybe they just taking future money to pay the dividend in which this is not correct way of manage a company!
AllantingAS, whether a company can afford to pay dividend you must look at the distributable retained earnings and cash flow of the company. A loss making company can still pay good dividend it has distributable retained earning and healthy cashflow. Quite often a company make huge losses are due to impairment which is a non cash item but merely an Balance sheet accountibg item. For Bplant, distributable retained earning as at 30 Sept 2020 is $1.146 billion which is enough to pay up to $0.50 per share of dividend if they have the cash to do so. Plantation companies usefully generate a lot of operating free cash flow , especially so with CpO at $4,000 level.
Bplant EPS and Dividend from 2014 to 2019: 2014 EPS. 4.34 sen. Dvd. 6sen 2015. EPS. 4.91 sen. Dvd 13 sen 2016. EPS 14.24 sen. Dvd 14.5 sen 2017. EPS 41,58 sen. Dvd 19.5 sen 2018 EPS (2.31) sen dvd 7 sen 2019 EPS (6,43) sen dvd 1 sen 2020 EPS ?? Dvd ??
For Bstead , the distributable retained earnings as at 30 Sept 2020 is $228 mil or about 11 sen per share. Again , Bstead suffer huge losses in 2018 and 2019 due to impairment& amortisation of $262 mil and $1.33 bil in 2018 and 2019 respectively. These are non cash items . EBITA for 2018 and 2019 are positive and at about $337 mil and $441 mil respectively. Hope for Bstead turnaround is very good. Who knows if there will be reversals of some of the impairment made in 2 previous year ?
I am very passionate for the turnaround prospect for Bplant and Bstead . I started accumulating these share since June last year and continue to buy on dip . I have No ulterior motive for my sharing of information and view points. Do your own evaluation and judgement.
Having invested in stocks for many , many years . Better to be FOCUS and Patient when Opportunity arises. A few counter well "Profited and Invested" is BETTER than ENDLESS Speculation on MANY counters.
Looking at current political scenario scene. Umno may be the next government in waiting if they play their cards right. Umno is running the 4 states government { pahang, perak , perlis, johor } Sabah, Malacca may be their next target. Bersatu ,pas or Pkr becomes their step brother
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....
HLTGang
636 posts
Posted by HLTGang > 2021-03-10 12:42 | Report Abuse
going announce some new business solar power, technology....up tp Rm1.50