Venture Corp

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#81
H guys,

Does anyone know why wld an entity buy and sell shares over two days ? Cld it be coincidentally a client of PNC(nominee a/c) sold, while another bought ? I don't get it. Sad

Thanks in advance.

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BlackRock ceases to be substantial shareholder of Venture Corp
Thu, Jul 25, 2019 - 5:35 PM

ASSET manager BlackRock Inc has ceased to be a substantial shareholder of Venture Corporation, after related entity the PNC Financial Services Group reduced its holdings in Venture Corp on July 22.

In a filing to the Singapore Exchange on Wednesday, Venture Corp said PNC disposed of about 525,500 shares on Monday, reducing its shareholding in the electronics manufacturing services provider to 4.98 per cent.

Just one trading day prior, on July 19, PNC had increased its interest in Venture Corp to 5.16 per cent by purchasing about 525,400 Venture shares.

At that point, BlackRock was said to hold a deemed interest in Venture Corp through its indirect control of PNC, which has a substantial minority equity interest in BlackRock.

Source : https://www.businesstimes.com.sg/compani...nture-corp
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#82
Rainbow 
11 May 2020 eAGM and 50cents div Venture Corp
(click for details)


div 50cents xd 8 June 2020
eAGM 3 June 2020@10:30am sgp time
(click to pre-register)

Stay home and stay healthy, everyone.
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#83
Rainbow 
3 June 2020 eAGM Venture this morning.

Q&A published
(click to read)

Q8: Does Venture expect to be able to sustain its dividend pay-outs in next two years?
Ans:
The Board of Directors has recommended a final one-tier tax-exempt dividend of 50 cents per ordinary share for FY2019. Including the interim dividend of 20 cents per share paid in September 2019, total dividend for FY2019 totalled 70 cents per share, the same level as FY2018. While the Company does not have a formal dividend policy, it aims to pay dividends that are on par or higher than the previous year. On a cumulative basis, Venture has paid out over S$2 billion in dividends since its public listing in 1992.
Venture is prudent in its use of cash. This has enabled the Group to build a strong net cash position to support its various uses of cash such as dividend payment, capital investments as well as investing in the Group’s growth. Such requirements will be considered by the Board alongside the impact of Covid-19 in determining the Board’s proposals on dividends in FY2020.

Stay home and stay safe, valuebuddies.
watch Wesley Gray - Quantitative Value

[color=var(--ytd-video-primary-info-renderer-title-color, var(--yt-spec-text-primary))]Wesley Gray - Quantitative Value[/color]
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#84
Rainbow 
29 June 2020 Meeting Minutes Venture
https://links.sgx.com/FileOpen/VCL%20-%2...eID=621587

The Chairman said that a shareholder had asked whether the Company would be able to sustain the dividend amount in light of the current economic conditions. He explained that the Company has been prudent in its use of cash and that has allowed the Company to build a healthy balance sheet to support the near-term and long-term cash requirements. While the Company does not have a formal dividend policy, it aims to pay dividends that are on par or higher than the previous year

Wear mask and keep your distance, everyone.
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#85
Rainbow 
3 July 2020 Venture to release 1HFY20 Result (as at 30 Jun 2020)  on 7 Aug 2020 after market close.
https://links.sgx.com/1.0.0/corporate-an...b151ee089d

Wear mask and keep your social distance, everyone.
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#86
Rainbow 
1H Result as at 30 Jun 2020
Rev $1.3b (vs 1.8b)
Profit before tax $151m (vs 211m)
Profit after tax $130m (vs 181m)
Div 25cts (vs 20cts)

Venture’s sequential recovery in 2Q 2020 was enabled by the effective teamwork, resourcefulness and resiliency of its people. The teams received deep appreciation from several customers and partners, with one of them lauding Venture as their “Heroes in Production”. Over the past few months, Venture’s dedicated taskforces worked unstintingly in their daily executions, in collaboration with a strong supportive network of customers, partners, business associations and government authorities to sustain operational excellence. Through this combined effort, Venture overcame the challenges precipitated by Covid-19 pandemic to deliver on its commitments to its customers and partners.

Venture’s consistent and reliable support is critical for its customers who continue to see sustained demand for their essential products and services. These customers are largely from the Life Science, Medical Devices & Equipment, Networking & Communications and Semiconductor-related Equipment domains. With the gradual reopening of some economies since late April 2020, the Group is also working conscientiously to fulfil its customers’ orders from the other technology domains serving non-essential end markets. The steady recovery seen in 2Q 2020 is expected to continue into the second half of this year. Venture’s R&D labs have plans to subsequently release a number of newly developed products into manufacturing commencing early 2021.

Stay home and stay healthy, valuebuddies.
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#87
https://links.sgx.com/FileOpen/VCL-Minut...eID=666417

Interesting to note Resolutn 10 to offer employee share options was voted down. Will venture reduce its dividends to shareholders since monetary cash rewards have to replace the lost share options to its employees? We will know in 2nd half reporting.
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