For the financial year of 2017, OSK gave 3.5 2.5=6 sen dividend. Also capital changes with bonus issue of 1:2. After diluted with bonus issue - actual dividend was 4 sen. For financial year of 2018, OSK gave 2 sen interim dividend proposed this final dividend of 3 sen = 5 sen. Therefore actually 1 sen extra or dividend growth 25% more compared to financial year of 2017.
ling, i think for financial year of 2017, 3.5sen is after diluted already. So you should only dilute the 2.5sen, which makes the dividend 3.5 + 1.67 = 5.17 sen. Correct me if i'm wrong :)
Bonus issue didn't go up. Profit 150 million drop. No news in The edge, Star business. Looks like smart investors have left OLH counters. Just hold for dividend and pass it to grand children. Hahaha
Saya ada baca QR, read carefully and here the summary that you don’t want to miss: NTA is 2.21 up from 2.19 EPS is 16.66 sen up from 10.72 sen in 2017 (excluding one-off 8.55 sen in 2017) Cash is 528 million up from 424 million (25% increased) Unbilled sale is 1.54 billion up from 1.1 billion (40% increased) Gross development value is 10.44 billion up from 8.8 billion (18.6% increased) Don’t have to mention strong earnings grew of RHB of 23% Decide yourself on the real value of OSK!
Goguess, actually gross profit up from 303.6 million to 341.7 million not drop. Revenue also increased from 1.169 billion to 1.204 billion. Profit before tax if excluding one off in 2017 also increased from 307.18 million to 395.4 million. Don’t mislead people.
@ling, my point was profit 150 million for this quarter, very good performance but price on the next day announce still drop. All the positive news doesn't have very much effect. I bought OSK in 2014. after 5 years not much returns.Everything about the company is good except the price appreciation.
Currently the stock pay 30% of EPS of 16.66 sen as 5 sen dividend. Cash is accumulate with the company. If the business growth trend continues with EPS around 7.33 sen per quarter, forecasted EPS for financial year of 2019 will be around 29 sen. Potentially double the stock price as well.
Climbing the ladder 3.17% for the week is not actually right. The long black candle on 25/2 that pulled down the price to 0.945 happened at last minute. By that time, if I buy in 1 lot of OSK will make the share price back to 0.975. .which means OSK maintained its share price over the week, no climbing.
OLH should spend more time on business growth rather than pumping down the stock so that to own more share. He should learned from other counters that let the market realize the true value and reward the investors according. Actually he will gain the most with capital gain as well as the bonus warrant.
Anyway Foreign Funds accumulated some OSK on Jan/Feb 19. BlackRock Fund added 14.12 millions as of Jan and 18.66 millions as of Feb. SSgA fund added 6.15 millions as of Feb.
Large shareholders can force stock prices up or down based on their trades, so they sometimes set the prices and everyone else just has to live with them.
However, all of the inequality for stocks, has one good effect–it means that getting an undervalued stock can happen. In the perfect markets of the economics texts, it’d be impossible to make a fast fortune.
There’s a time lapse effects on OSK accumulation of it’s value:
- the growth QoQ of RHB business effects will not be immediately to OSK, for the dividend only be received on later date - the growth of unbilled sale of RM1.5b in properties business and receiving of value also will only realize in coming quarters - Project launched value of RM1.21 b this year will add into the growth of properties development - Cash with OSK of RM0.528 billion equal to 25 sen cash per share as of end 2018
Meaning that a better quarters result to come, however the stock price had be unfair tag with more than 50% discounted price to trap and stale value by large shareholders from retail shareholders whether from their bonus issue and warrant granted
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....
Simon Loh
255 posts
Posted by Simon Loh > 2019-02-26 16:22 | Report Abuse
JJchan, how to say give out more money...as the Final Dividend has been decreased from 0.035 to 0.030.