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Grand Banks Yachts
08-02-2018, 08:53 PM.
Post: #81
RE: Grand Banks Yachts
GBY turned in another profitable quarter with an increase in orders. But free cash flow continues to be negative as it adds to more PPE and inventory.

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24-04-2018, 08:55 PM.
Post: #82
RE: Grand Banks Yachts
Latest videos of the current popular Grand Banks yachts - GB60 and Eastbay 44.. [GB60] [Eastbay 44]

Grand Banks is 60 years old..
and the rebirth of an icon..

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29-08-2018, 08:28 PM.
Post: #83
RE: Grand Banks Yachts
Grand Banks Yachts Posts 10-Year High Net Profit of S$9.5 Million for FY2018

Highlights :
1. Revenue rose 42.2% to S$83.5 million for FY2018 from S$58.7 million a year ago ("FY2017")
2. Gross profit for FY2018 increased to S$21.1 million from S$10.5 million in FY2017 while gross profit margins rose to 25.2% from 17.9%
3. Third consecutive full-year profit is the Group’s highest in ten years
4. Full-year net profit before tax of S$5.9 million
5. Cash and cash equivalents came to S$8.4 million as at 30 June 2018 compared to S$15.9 million as at 30 June 2017
6. Earning per share for FY2018 amounted to 5.14 Singapore cents compared to 0.28 Singapore cent in FY2017
7. Net asset value per share was 30.41 Singapore cents as at 30 June 2018 compared to 24.54 Singapore cents a year ago
8. 22 new boat orders in FY2018 lift net order book to S$32.8 million
9. Proposed full-year dividend of S$0.005 per share

More details in :

Grand Banks Yachts today closed at 0.290 (+0.005), up 1.764%
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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30-08-2018, 10:11 AM.
Post: #84
RE: Grand Banks Yachts
(29-08-2018, 08:28 PM)cyclone Wrote: Grand Banks Yachts Posts 10-Year High Net Profit of S$9.5 Million for FY2018

Do note the high NP of $9.5m for FY2018 included a $3.9m tax credit (of which $3.7m taken in 4Q). From the commentary in the results announcement, the tax credit 
"was due to the recognition of deferred tax assets from unutilised tax losses and capital allowances of two subsidiaries. It is probable that sufficient taxable profits will be available in the foreseeable future which will allow the subsidiaries to utilise the tax benefits to offset their tax expenses."

I thought the above statement is very encouraging, as it means Grand Banks' management and BOD are confident about future profits, and likely the next approx. $25.0m of the 2 subsidiaries' PBT (assuming a blended income tax rate of 20%, and based on the $5.02m deferred tax assets balance in the latest 30Jun18 group B/S) would be 'tax free'.

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27-09-2018, 07:54 AM.
Post: #85
RE: Grand Banks Yachts
The latest announcement on the new 'Palm Beach GT50' boat having won 2 prestigious awards in the recent 2018 Newport International Boat Show is very encouraging....

After watching the video and reviewing the specs of the 'Palm Beach GT50', it is quite easy to appreciate why the new boat is attractive and would likely be a big success....

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