Nordic's best years are yet to come, if its target acquisition Starburst is steady in its business unlike the past history of ups & downs. Starburst on current numbers has a very high profit margin, and is nicely earnings accretive for Nordic.
I guess Nordic won't be able to acquire 100% of Starburst since there has not been much selling by minority shareholders. Nordic already has minimum of 69.7% from the sale by two key vendors.
Interim was 10 RM cents, so 38 RM cents for final is forecast. Equivalent to 12.5 SG cents.
What a bumper dividend if that materialises. Compare it with Share Price of 76 cents, hor.
Samudera had a whopping 1H2022 profit of US$172 million!
Samudera’s market cap is around S$560m. Thus, 1.2x annualized FY22 PE
3.7% annualized yield.
Am concerned about peak in earnings with freight rates having trended down. Samudera has locked-in mid- long-term charters no doubt, but the normalisation of rates will catch up.dyor!
