Jason Marine Group

[dydx]

Today (27May14), Mr Market cheered and Jason Marine closed up a solid $0.072 - or an amazing 40.4% - at the day's high of $0.25, backed by a high volume transacted of 2.767m shares. Mr Market has again shown his magic!

[LLI]

However, heard the company is not well managed, would not want to keep it as a long term stock. More of a cigar butt.

[dydx]

Apparently Jason Marine held a results briefing today for analysts and investors…..
http://infopub.sgx.com/FileOpen/JMG_FY14...eID=299052

[Dividend Hermit]

Today (27May14), Mr Market cheered and Jason Marine closed up a solid $0.072 - or an amazing 40.4% - at the day's high of $0.25, backed by a high volume transacted of 2.767m shares. Mr Market has again shown his magic!

Really glad that JMG decided to reward shareholders with special dividends, on top of the good results. Regret not taking Mr Market's offer @ 0.180 some time ago as it is significantly higher than my previous purchase price. But having something is still better than nothing. Hope it continues to do well and rewards all the patient shareholders.

<vested>

[dydx]

FY14 (ended 31Mar14) AR makes very interesting reading….
http://infopub.sgx.com/FileOpen/JasonMar...leID=21821 [FY14 AR]
http://infopub.sgx.com/FileOpen/JasonMar...leID=21822 [FY14 Corporate Governance & Financial Report]

The coming total dividends of $0.01/share - comprising a $0.002/share Final and a $0.008/share Special - will be paid on 21Aug14, with the Ex-Date fixed for 31Jul14.

Share price wise, Jason Marine has advanced approx. 58% since Jan14 from the $0.155 level to the last done price of $0.245, and has out-performed the STI by some 55% since Jan14…..
https://sg.finance.yahoo.com/q/bc?t=1y&s...1&c=%5ESTI
More upside? Well, bearing in mind that both business volume and profits are recovering, and the company has increased dividend payout and also activated share-buyback recently, this is highly possible, especially since the latest 31Mar14 NAV/share at $0.2588 still provides decent asset-backing.

[dydx]

Jason Marine's CFO Ms Foo Hui Min is making a presentation on the company's business at 12:00 - 12:30pm tomorrow in the InvestFair to be held in Suntec Singapore, level 4 over the weekend…..
http://sg2014.invest-fair.com/free-seminars

[kelvesy]

Ms Foo has managed to handle the Q&A very well, and clear about her company. When I asked about the liquidity, she seemed to be unable to reply and gave out a generic response. However, I still think this business is good.

<not vested>

[CityFarmer]

The company announced HY2015 result. Revenue +35%, PATMI +84%, and first ever interim dividend of 0.5 cent per share.

An interesting small cap...

Result : http://infopub.sgx.com/FileOpen/JMG_HY20...eID=323246
Slide : http://infopub.sgx.com/FileOpen/JMG_HY20...eID=323248

(not vested)

[dydx]

The company announced HY2015 result. Revenue +35%, PATMI +84%, and first ever interim dividend of 0.5 cent per share.

An interesting small cap...

Result : http://infopub.sgx.com/FileOpen/JMG_HY20...eID=323246
Slide : http://infopub.sgx.com/FileOpen/JMG_HY20...eID=323248

(not vested)

The good 1H result and surprised Interim dividend are music to my ears!

[CityFarmer]

I reckon it is again a music to dydx's ears...

(not vested, but monitoring)

Jason Marine posts 40% rise in FY15 earnings of $3.9 million

SINGAPORE (May 25): Jason Marine Group ( Financial Dashboard), the marine electronics systems integrator and support services provider, posted $3.9 million in earnings for the FY15 ended March, a 40% rise from $2.8 million in FY14.

Revenue rose 12% to $56.4 million in FY15 compared to $50.2 million a year ago due to higher revenue contribution from the the sale of goods segment.

Revenue from sale of goods increased 14.1% to $43.7 million in FY15 due to more project deliveries during the fiscal year.

Revenue from the rendering of services decreased 6.7% to $8.1 million due to fewer service work undertaken during the fiscal year.

The group also recorded an increase in other income, mainly from a net exchange gain of $0.9 million.

As at end March, the group achieved a cash position of $22.3 million and net asset value per share of 28 cents.

Jason Marine is proposing a final dividend of 1.0 cent per share.

This, together with the interim dividend of 0.5 cent per share, will take total dividends for FY15 to 1.5 cents per share.
...
http://www.theedgemarkets.com/sg/article...39-million