Deep Value with Potential 10% Dividend Yield

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16 Jan 2017 22:00 #23496 by lotustpsll
Why I like Bund Center?.

- Price to NAV 25% (owns the iconic Bund Center)
- FCF Yield 10.5%
- Stable FCF, low annual capex
- Clean balance sheet, in cash position
- Controlling shareholders own 84%
- Net cash / trailing dividends at 1.27x

As reported in last QTR, Bund has liquidated its external borrowings and paid a surprised dividend. I believe there may be exciting times ahead for Bund and I also expect the group to pay out its full FCF as dividends - a potential dividend yield > 10%.

Deep Value, High Dividend Yield, Potential Special Situation – great “Margin of Safety” stock to invest for the long term.

Please do your own due diligence if you are keen to invest.

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18 Jan 2017 13:57 - 18 Jan 2017 13:58 #23502 by FManager
Q316 EPS only 0.84c and 9M2016 EPS only 3.05c.
how to sustain div payout of 7c(if you are saying 10% yield)
net asset only 56c vs 70c+ share price now.

"great margin of safety" please lah.
Last edit: 18 Jan 2017 13:58 by FManager.

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18 Jan 2017 17:15 #23504 by lotustpsll
Hi,

Suggest you look deeper at FCF, trailing dividend payments and also the last valuation exercise of its properties.

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09 Mar 2017 18:29 #23644 by lotustpsll
Nice little run-up since mid-January. Positive up-trend, from 70 cents to 83 cents. NAV about sgd 2.80.

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16 Apr 2017 13:15 #23780 by lotustpsll
RHB recently released a report "Crown Jewel on the Bund".

TP is 1.04.

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