World Precision Machinery

[shn]

The cash and cash equivalent shown in the balance sheet is only RMB14,131,000 but paying RMB0.10 of dividend will cost World Precision RMB40 million. Is there a mistake?

[holy grail]

This is a machine company so one would expect they have a substantial amount of their revenue or orderbook at any snapshot of time not as real money in bank accounts, but in some form of receivable from customers. They also had lean cash level last year when declaring their final dividend as well. For this interim div, they will probably pay out from the cash they collect from their receivables, as traditionally every Q4 their cash level will hike substantially, due to year end collection and settling of bills from their customers.

[shn]

Thank you for bothering to reply. Yes, it did manage to accumulate RMB35,284,000 in Q413.

4Q13 RMB35,284,000
1Q14 RMB28,675,000
2Q14 RMB 7,453,000
3Q14 RMB14,131,000

Not vested.

[dydx]

FY14 full-year result:
http://infopub.sgx.com/FileOpen/WPM_Resu...eID=336927 [result announcement]
http://infopub.sgx.com/FileOpen/WPM_Medi...eID=336928 [press release]
http://infopub.sgx.com/FileOpen/WPM_PPT_...eID=336931 [presentation slides]

Once again, World has proven as a steady performer in the competitive stamping machines market in PRC. A Final dividend of RMB0.1/share (equivalent to $0.0217/share) declared, and will be payable on 1Jun15. Inclusive the Interim dividend of RMB0.10/share already paid on 12Dec14, total payout for FY14 is RMB0.2/share (equivalent to $0.0425/share). Against the last done share price of $0.315, dividend yield is a very impressive of approx. 13.5%!

[Gaudente]

After reading the 2014 AR I was going to buy this one (P/E 5 , div yield 13% , P/BV 0.5 !!!!) , then I read the 1q results http://infopub.sgx.com/FileOpen/WPM_Resu...eID=347080 earnings -64% and the dream vaporized

[HitandRun]

Another manufacturer with not much business, trading at ~50% NTA and generates lots of cash. Good thing is management didn't forget shareholders and pays decent dividends (thank you ah, boss). Nevertheless, order book appears to be turning up.....

[sgmystique]

Net Profit for the year 2015 is RMB 21.667 mil. Total dividend declared for the year is RMB 0.25 (for 400 mil shares) = RMB 100 mil.

Management is really confident of being able to earn the extra money to pay the dividends by 6 June 2016. I guess that should be good news for shareholders. Hoping to see World Precision getting back on the growth path this year!

[Scg8866t]

Time to relook at this gem? Very strong cashflow, mainly from depreciation. 88% owned by boss, ard 12% public float left. 0.41x book. If we assume a 40mil sgd net operating cashflow on avg annually, company should get back 10cts per share a year. More conservatively, we can just look at depreciation alone and it would give ard 7cts per share. Also transitioning to net cash soon. Risk includes being an s chip and rmb currency risk in China. My view only, to each his own.

[Babyboomer]

According to Sgx Stock Fact Overview
"Previous Close Date 10/Feb/2017 52  
Shares Outstanding 400 mm
Float 84.14% "
I believe this means the public float is 84.14%.
May I suggest you provide the source of your information.

[Scg8866t]

According to Sgx Stock Fact Overview
"Previous Close Date 10/Feb/2017 52  
Shares Outstanding 400 mm
Float 84.14% "
I believe this means the public float is 84.14%.
May I suggest you provide the source of your information.

Please refer to page 90 and 91 of 2015 annual report.