Comfort Delgro

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Their app has been around for quite sometime but used by/for the Taxis only. Now they are taking on private vehicles. Probably another asset light strategy.
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Their app has been around for quite sometime but used by/for the Taxis only. Now they are taking on private vehicles. Probably another asset light strategy.
Reply
A 85% cut in dividend compared to FY19, ouch! CDG's listed subsidiaries are paying out ~35-50% less dividend YoY and all their dividends (~28mil) are been used by CDG to fund their 31mil of dividends.

COMFORTDELGRO TURNS IN FULL-YEAR REVENUE OF $3.2 BILLION

A first and final tax-exempt one-tier dividend of 1.43 cents per share has been proposed. This represents a 50% payout of the profit attributable to shareholders for the year under review.

Mr Lim thanked shareholders for their strong support during these “very trying times”. “We did not declare a mid-year dividend – the first time in our history that we failed to do so. It was necessary to conserve cash in an environment which called for prudence. As we end the year, we felt it was important for us to extend a gesture of thanks to our shareholders and this is why we have proposed a small dividend based on our declared dividend policy guidelines even though full recovery remains uncertain,” he said.

FY20 ppt: https://links.sgx.com/FileOpen/CDG%20-%2...eID=648305
FY20 PR: https://links.sgx.com/FileOpen/CDG%20-%2...eID=648306
FY20 results: https://links.sgx.com/FileOpen/CDG%20-%2...eID=648304
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A 85% cut in dividend compared to FY19, ouch! CDG's listed subsidiaries are paying out ~35-50% less dividend YoY and all their dividends (~28mil) are been used by CDG to fund their 31mil of dividends.

COMFORTDELGRO TURNS IN FULL-YEAR REVENUE OF $3.2 BILLION

A first and final tax-exempt one-tier dividend of 1.43 cents per share has been proposed. This represents a 50% payout of the profit attributable to shareholders for the year under review.

Mr Lim thanked shareholders for their strong support during these “very trying times”. “We did not declare a mid-year dividend – the first time in our history that we failed to do so. It was necessary to conserve cash in an environment which called for prudence. As we end the year, we felt it was important for us to extend a gesture of thanks to our shareholders and this is why we have proposed a small dividend based on our declared dividend policy guidelines even though full recovery remains uncertain,” he said.

FY20 ppt: https://links.sgx.com/FileOpen/CDG%20-%2...eID=648305
FY20 PR: https://links.sgx.com/FileOpen/CDG%20-%2...eID=648306
FY20 results: https://links.sgx.com/FileOpen/CDG%20-%2...eID=648304
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Pte-Public-companies again, losing money -46milos, yet can take gov covid19 grants, and still give out dividends? :O :O how is that ethnically correct to taxpayers?  CDG has to return some of the grants!! :O :O :O
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
Pte-Public-companies again, losing money -46milos, yet can take gov covid19 grants, and still give out dividends? :O :O how is that ethnically correct to taxpayers?  CDG has to return some of the grants!! :O :O :O
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
Just wondering if smrt also receives the govt grant since its is a wholly owned govt entity
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Just wondering if smrt also receives the govt grant since its is a wholly owned govt entity
Reply
(16-02-2021, 07:51 PM)pianist Wrote: Just wondering if smrt also receives the govt grant since its is a wholly owned govt entity

Everybody receives JSS and all the other government grants automatically, but the company may choose to return the money if they think they do not need it.
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(16-02-2021, 07:51 PM)pianist Wrote: Just wondering if smrt also receives the govt grant since its is a wholly owned govt entity

Everybody receives JSS and all the other government grants automatically, but the company may choose to return the money if they think they do not need it.
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