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Jardine Cycle & Carriage
28-04-2020, 08:23 AM. (This post was last modified: 28-04-2020, 08:27 AM by ¯|_(ツ)_/¯.)
Post: #131
Rainbow  Interim Management Statement 1Q20 - Astra etc
27 Apr 2020 C&C released a interim Management Statement for 1Q20.
https://links.sgx.com/FileOpen/JCC1Q20_I...eID=608138
(click for details)

"... within Astra, despite solid performances in its automotive and financial services businesses, and a higher contribution from the group’s

agribusiness, overall performance declined in the first quarter of the year, largely due to lower coal prices and weakening consumer confidence. However, as the impact of COVID-19 has grown more severe and anti-pandemic measures have taken effect, the group has faced increasingly difficult conditions and its April performance has been adversely impacted. These conditions are likely to persist for some time. "


27 Apr 2020 Astra 1Q financial statement:
https://links.sgx.com/FileOpen/Astra_202...eID=608124
(click to read SGX announcement)
Highlights
 Net earnings per share down 8%
 Car sales down 3% and motorcycle sales down 5% but market shares increase
 Lower coal prices impact heavy equipment sales and mining contracting volumes
 Agribusiness benefits from higher crude palm oil prices 

During this critical period, let's do our part by staying home and take care of one another.

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29-04-2020, 07:56 AM.
Post: #132
Rainbow  IMS
27 Apr 2020 C&C published a interim management statement for 1Q20.

I should had see it coming... 
28 Apr 2020 all the Jardine company published their interim management statement too

Here it is:
JMH
JSH
JCC
HK Land
Dairy Farm

Stay safe and stay healthy, everyone.

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01-05-2020, 08:13 PM.
Post: #133
Rainbow  Dividend USD69cts and AGM 22 May 2020 Jardine Cycle & Carriage
1st May 2020 C&C announced USD69cents dividend xd 8 June 2020 option 1 usd, option 2 sgd
Electronic AGM 22 May 2020 at 11:30am

(click to pre-register b4 19 May 11:30am)
Shareholders can choose either listerning or joining webcast.

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21-05-2020, 08:53 AM.
Post: #134
Rainbow  eAGM tomorrow: Jardine Cycle & Carriage
20 May 2020 Jardine C&C update prior to eAGM
(click for sgx announcement)

Date/time: 22 May 2020 11:30am
 (tomorrow)

Q&A was also published
(click for details)

Valuebuddies, take note of Question #2:
2. Given the current economic conditions, will JC&C need to do a rights issue to strengthen its balance sheet or for future M&A opportunities?
As at 31 December 2019, the JC&C holding company’s net debt was around US$1.5 billion. We have previously stated that our intention is to complete a rights issue to reduce the holding company’s debt level. This continues to be our plan. We will review the appropriate timing for a possible rights issue to deleverage in a financially prudent manner.

Take note that Bank Permata divestment is completed.
Gain on disposal: USD 385m
NTA/share  from USD14.67 increase to USD15.21
EPS from USD2.23 increase to USD2.80
(click for divestment details)


Stay home and stay safe, everyone.

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21-05-2020, 01:09 PM.
Post: #135
RE: Jardine Cycle & Carriage
2. Given the current economic conditions, will JC&C need to do a rights issue to strengthen its balance sheet or for future M&A opportunities?
As at 31 December 2019, the JC&C holding company’s net debt was around US$1.5 billion. We have previously stated that our intention is to complete a rights issue to reduce the holding company’s debt level. This continues to be our plan. We will review the appropriate timing for a possible rights issue to deleverage in a financially prudent manner.

Does anyone knows when did they state their intention to complete a rights issue? I do follow their announcements released in SGX but i dont recall any mention of this rights issue in those announcements. Although I know its just a matter of time they have to reduce their debts.

Vested

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