Boustead Singapore

Dear all, my Boustead FY 2011 AGM highlights has just been posted up on my blog. Please feel free to visit and leave comments, thanks!

A snippet as follows:-

"It is Boustead’s aim to grow their Design and Build portfolio as well, even though these contracts are sporadic and “lumpy”, in addition to focusing on their DB&L projects. It used to be the case where Boustead could sell at least one industrial leasehold property every financial year, but the problem with this strategy was that even though it brought in a lot of excess cash, it also meant that the Group would have to deduct one recurring income source. Boustead’s business model has to shift to one where the recurring income and cash flows from maintaining such a portfolio outstrip the benefits of selling the properties to clients for lump sum cash inflows. To do so, I reckon that Boustead’s other divisions have to ensure that they are all cash-flow positive and that the cash inflows more than cover the outflows to be made for progress payments to be made to contractors during construction of these leasehold properties."

Boustead has resumed their share buy-back exacty a month after their last buy-back on August 22, 2011.

Today, the Company purchased 100,000 shares at an average price of 84.03 cents, spending $84,027.20.

Total treasury shares now stand at 12.117 million bought at an average price of 52.72 cents. Total issued share cap less treasury shares = 503,628,524 shares.

(Vested)

Today, on Sep 23, 2011, Boustead bought back another 20,000 shares at $0.835 per share. Total treasury shares now stand at 12,137,000 shares.

Boustead bought back more shares today between 83.5c and 81c. In total, they accumulated another 170,000 shares and spent $140,546.40 (average cost of 82.67 cents/share).

Total treasury shares = 12.307 million.

After an absence of a day, Boustead has resumed buying back shares. Another 100,000 shares were purchased at 82 cents/share, taking treasury shares to 12,407,000 shares.

(28-09-2011, 06:04 PM)Musicwhiz Wrote: After an absence of a day, Boustead has resumed buying back shares. Another 100,000 shares were purchased at 82 cents/share, taking treasury shares to 12,407,000 shares.

Boustead has resumed buying back shares today, with another 65,000 shares purchased at prices between 78.5 cents and 80 cents. A total of $51,629.17 was spent (average cost of share was 79.43 cents. Total treasury shares now stand at 12,492,000 at an average cost of 53.6 cents/share.

A good article on Hankore from The Edge Singapore, obtained courtesy from Boustead's website.

http://www.boustead.sg/News%20Coverage/2...gapore.pdf

(07-10-2011, 12:23 PM)Musicwhiz Wrote: A good article on Hankore from The Edge Singapore, obtained courtesy from Boustead's website.

http://www.boustead.sg/News%20Coverage/2...gapore.pdf

If the link does not work, try this one :

divested. good company to keep for the long term but not so good this year with order book 320m vs 580m last year. good luck everyone!

(16-10-2011, 09:36 AM)mrEngineer Wrote: divested. good company to keep for the long term but not so good this year with order book 320m vs 580m last year. good luck everyone!

Haha I see.

I will be preparing a summary of the highlights from the recent EGM held at Boustead's HQ tomorrow. Watch out for it if you or other readers are interested!

(Vested)