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Finally! this stock getting the coverage that it deserves again.
don't get the hype about United Oil when AP oil is far and away, the better more undervalued company.
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15-07-2016, 04:14 PM
(This post was last modified: 15-07-2016, 06:07 PM by BlueKelah.)
Doesn't deserve anything lah, unless the owners wanna start sharing.
Management paid well and opmi get little bit of dividend.
Go back and read the thread previous post u will know.[emoji2]
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You should only expect to receive $0.0075.
The Final Dividend is $0.125, which includes $0.005 that was already paid out last march.
In any case, it is a good development that they are increasing dividends. Shareholders have been waiting a long time for this.
Looks like the new CEO may bring more value back to shareholders.
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24-02-2017, 10:16 AM
(This post was last modified: 24-02-2017, 10:25 AM by Big Toe.)
Did look at this sometime back but not vested.
1. It is more like a family run business.
2. Compensation for the few key management in total is significantly higher than total dividends paid.(don't expect that to change)
3. Most of the dividends go to the few key management, who happens to be the majority shareholders, who happens to be closely related.
4. EV is not a big concern in the next couple of years, in specialty chemicals there are many areas where they can expand into.
5. In comparison it is somewhat more stable than EMS business (Most EMS largely depend on turn key projects) or property development business. Closer to Sheng Shiong where revenue is more stable.
6. It is undervalued but minority shareholders need to accept for what it is.(family run) Demanding more may back-fire.
7. If i were the majority shareholder, I would just take the company private. Why bother with the listing?
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Hi karlmarx,
To clarify, the dividend paid in March 16 was actually for FY15 results, but they declared it as an interim dividend for FY16 and therefore it can be paid out earlier and not subjected to shareholders approval at AGM. Therefore, the interim dividend that you see for FY16 was actually for FY15.
So, therefore, if you wanted to be strict, then yes, 0.75cts for FY16 and 0.5cts for FY15 (declared as interim dividend for FY16), making it a total of 1.25cts for FY15 and FY16.
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This doesn't make sense to me.
According to FY16 and FY15 results, it says total dividends for
FY14: 823,000 (0.5cents), paid in March 2015
FY15: 823,000 (0.5cents), paid in March 2016
FY16: $2,057,000 (1.25cents?)
How can the interim (total) dividend for FY15 also be included as interim dividend for FY16? Wouldn't that be counting twice?
What am I missing?