Boustead Singapore

[weijian]

1) Pay out the "extra" cash, idling for very very long (15+ years is too long even for me, if they were unlisted biz, I'd make noise also), although it's now delivering more yield and hence even more unlikely to pay out?

hi ksir,

What do you mean by "delivering more yield and hence even more unlikely to pay out"?

[ksir]

1) Pay out the "extra" cash, idling for very very long (15+ years is too long even for me, if they were unlisted biz, I'd make noise also), although it's now delivering more yield and hence even more unlikely to pay out?

hi ksir,

What do you mean by "delivering more yield and hence even more unlikely to pay out"?

I mean the cash is now delivering more yield (higher interest rate) and hence lesser pressure for them to pay out the extra cash as dividend.
I noticed most of my companies (being darn cash rich), benefiting from this, bottom line looks nicer hahaha.

[Curiousparty]

Since Mr Wong is currently buying shares in the open and such actions seem to be driving up the share price, can I say it is unlikely he/his family is planing to take major corporate action soon?
During the AGM and EGM last year, the board repeatedly explained that the Boustead project acquisition had to be done with surprise element so as to get a good price for Boustead shareholder. That advice should be relevant if Mr Wong has intention to privatise Boustead?

Just thinking aloud... FF Wong is already quite advanced in age.. So the possibility of privatizing Boustead is there?

Boustead Project with the Freehold Como Hotel will be a super cash cow soon..

[dreamybear]

The article sheds insights on Mr Wong's thoughts on BP delisting and an interesting remark regarding BS delisting.

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https://www.businesstimes.com.sg/compani...d-projects (paywall)

[Curiousparty]

The article sheds insights on Mr Wong's thoughts on BP delisting and an interesting remark regarding BS delisting.

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https://www.businesstimes.com.sg/compani...d-projects (paywall)

With Boustead Projects (~99%) returning to the Boustead family, many investors are hopeful that dividends could increase to 5 cents, or even reach 6 to 7 cents, once operations at the COMO hotel stabilize. The COMO Group is set to open its first hotel in Singapore in the second half of 2023, according to The Straits Times...

RNAV of Boustead should be in $2.5 to $3 range...
- BP RNAV $2.0 (Boustead's share is $1.3)
- Geo-spatial (easily $0.60 to $0.80)
- Engineering ($0.40)
- Health Care ($0.10)
- Net Cash ($0.35 to $0.40)

Como Group builds first hotel in Singapore, to open by second half of 2023 | The Straits Times

[Curiousparty]

https://thesmartinvestor.com.sg/earnings...dividends/

Boustead Singapore Limited (SGX: F9D)
Boustead Singapore Limited, or BSL, is a conglomerate with four key divisions – energy-related engineering, real estate, geospatial technology, and healthcare.

The group has undertaken projects in 93 countries and territories globally.

BSL reported a sparkling set of earnings for its first half of fiscal 2024 (1H FY2024) ending 30 September 2023.

Revenue jumped 49% year on year to S$367.9 million with gross profit improving by 42% year on year to S$105.3 million.

Net profit adjusted for one-off items surged by 89% year on year to S$25.8 million.

The group’s free cash flow soared 135% year on year for 1H FY2024 to S$97.4 million.

BSL kept its interim dividend at S$0.015, unchanged from a year ago.

Back in early February, the group took its real estate arm, Boustead Projects, private with the group and its concert parties controlling 99.45% of the latter.

BSL can now recognise a higher share of profits from its increased ownership in its subsidiary.

Meanwhile, BSL also has a healthy engineering order backlog of S$433 million and S$120 million in deferred services backlog for its geospatial technology division.