Valuetronics - "Thoughts on the market".

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29 May 2014 06:34 #20007 by josephyeo
Some notes on Valuetronics (full year results 2014):

1. revenue - HK$2.4 bil in S$390 mil.

2. net profit - HK$147.9 mil in S$23.7 mil

3. dividend declared (final n special)- 20 HK cts in S$0.032 or 3.2 cts

4. closing price on 28 May - 38.5 cts

5. dividend yield - 8.3%

6. management is committed to paying dividend of 30% to 50% .. see quote below :

Quote :

DIVIDEND POLICY
1. The Board of Directors of Valuetronics Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) wishes to announce that the Company has adopted a dividend policy which aims to provide shareholders of the Company (“Shareholders”) with a target annual dividend payout of at least 30% of the net profit attributable to Shareholders in any financial year, whether as interim and/or final dividends, the declaration and payment of dividends being determined at the sole discretion of the Board of Directors of the Company (the “Board”).
2. The total dividend recommended, declared or paid in any financial year shall not exceed 50% of the total net profit attributable to Shareholders, unless otherwise approved by the Board.

Unquote

7. company has no debts

8 company has a net cash or cash equivalent of :
HK$477,9 mil in S$76.5 mil

9 each share of the company is backed by 20.8 cts cash

FYI only. Figures are rounded up n feel to correct it if there is any error. Exchange rate used is HK$1 : S$0.1602

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30 May 2014 03:29 #20017 by Value Investor
Hi Joe, I increased my exposure immediately after their reporting in view of their excellent result.

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03 Jun 2014 15:11 #20050 by ontheball
Wow, Valuetronics share price is going great guns. Looking forward to their div dates announcement.

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03 Jun 2014 15:43 #20051 by Mr.J

Wow, Valuetronics share price is going great guns. Looking forward to their div dates announcement.


Hopefully it can break 0.4 convincingly

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03 Jun 2014 19:36 #20058 by Mr.J
As of time. it is 40/40.5

Good times ahead if it stabilises at this level.

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04 Jun 2014 12:47 - 04 Jun 2014 12:53 #20059 by ontheball
At the rate that it's going, it should easily go way pass the 40/40.5 mark. I'm thinking that at 42/43 is a good price to start taking in some profit. But then again, there is the div to consider.
Last edit: 04 Jun 2014 12:53 by ontheball.

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