11-02-2012, 09:49 PM
(11-02-2012, 09:37 PM)port Wrote:(11-02-2012, 10:05 AM)freedom Wrote:(11-02-2012, 09:51 AM)port Wrote:(10-02-2012, 10:56 PM)ngcheeki Wrote: Nam Lee Q12012 result is out!!
http://info.sgx.com/webcoranncatth.nsf/V...0001405A4/$file/Q1Results2012.pdf?openelement
Net profit attribute to owner $3,423.00K
Net cash per share increase to $0.1427
EPS per share $0.0151
NAV per share $0.4535
Price to Book based on last closing price of $0.26 = 0.57
I'm wondering why the company still want to issue scrip dividend as the company piggy banks are expanding. Why does the company need some much cash!!
my view is that since nam lee is so good at making use of its retained earnings to generate extra NP, it makes sense for them to conserve/retain the earnings with the firm rather than pay out part of the earnings as dividends. the cash raised from scrip dividend could hv a snowballing effect on retained earnings
after their agm, how come no mention when they r paying out 1.5 cts dividend?
how did you tell that its retained earnings generates extra NP? it could be just the cycle. in 2009 bad earnings for a lot of cos. in 2010 - 2011 a lot of co reported good earnings.
as for the dividend announcement, maybe the board is considering scrip option?
.........eps............reps.............dps
fy09....2.02....1.02....1
fy08....3.08...2.08.....1
fy10....4.36....2.86....1.5
fy11....4.78....3.28....1.5
fy07...4.7.....3.5......1.2
:-) after some data reshuffling, the trend looks clearer that with increasing reps, there is an accompanied increase in eps.
every $ retained increase NP by $1.08
I thought you calculate reps with eps - dps? sure, higher eps comes with higher reps or only higher eps can generate higher reps if dividend is constant?
there is nothing telling that retained earnings indeed generate extra NP.