Boustead Singapore

[Wildreamz]

I hope the results tomorrow is lower than analyst expectation, driving the price down so I can accumulate more

(vested)

[greengiraffe]

http://esriaustralia.com.au/news-local/s...ry-nar-156

Study forecasts bright future for GIS industry

By Alicia Kouparitsas18 Apr 2013
Geographic Information System (GIS) technology use is on the rise in the local government sector with many Australian councils set to expand their capabilities over the next five years, according to landmark industry research.
Supported by the Surveying and Spatial Sciences Institute (SSSI) and GIS technology leaders Esri Australia; and conducted by an independent research firm; the 2013 GIS in Local Government Benchmark Studysurveyed 150 council representatives on their use of spatial technology.
While the local government sector is already Australia’s largest user of GIS technology, the Study showed 38 per cent of councils surveyed planned to increase their GIS technology budget in the near future.
It also confirmed use of the technology remained widespread in the sector, with 85 per cent of respondents reporting they provide GIS access to all departments within their organisations – and 68 per cent indicating the value of the technology is becoming widely understood across their organisations.
Speaking from the launch of the Study at the SSSI annual conference in Canberra today, Esri Australia Managing Director Brett Bundock said it is clear the role of GIS technology within the local government sector is expanding.
“As the findings of the 2013 GIS in Local Government Benchmark Study attest, the past few years have seen significant change across the spatial industry, brought on largely by the growing demand for GIS capabilities,” Mr Bundock said.
“The deployment of Cloud-based solutions; enhanced mobile capabilities; and the use of crowdsourced data – are typical of the advancements fuelling this demand.
“Local governments have traditionally been early adopters of GIS advancements and, as a result, are responsible for driving innovation within spatial deployments.
“For example, Gold Coast City Council was the first organisation in Australia to start implementing a fully-integrated geo-enabled SAP solution; and since then numerous groups around the country have followed suit.”
Mr Bundock said the Study sought to explore these types of achievements – and throw a light on ‘where to next’ for Australia’s local governments.
“One of the takeaways from the Study is the ambition many councils show to break ground in new areas – whether it’s using GIS to verify crowdsourced data during an emergency; or as a means to instigate a two-way conversation with members of the public via smartphone apps.
“The insights gathered from the Study reveal a promising future for our industry because, when it comes toGIS usage – where local government goes, the broader user community invariably follows.”
According to Study respondents, asset management (97 per cent), planning and analysis (94 per cent), customer service (89 per cent) and emergency management (71 per cent) are the key areas in which the technology is currently used by councils.
Priorities for deployment over the next five years includes mobile roll-outs, imagery solutions and Cloud-based GIS services.
SSSI President Gary Maguire said the Study provided a reliable indication of where the geospatial profession was heading.
“Look between the lines of this survey and you will see a vibrant future for the geospatial profession,” Mr Maguire said.
“There are key insights into where the geospatial industry is heading, including trends like Cloud-based services, mobile GIS, data sharing, evidence-based decisions and situational awareness.
“The Study provides evidence of why geospatial technology will become more and more essential in the future – and highlights the important role of geospatial professionals.”

[Musicwhiz]

For those who wish to tune into Boustead's FY 2013 results release live audiocast today (May 21, 2013), the link is below.

http://mediacast.4by3.com.sg/boustead/

[LionFlyer]

Media Release
Presentation
Financial Statements

[Wildreamz]

Any surprises?

So far, only the dividends surprised me

The last part of the audio conference, I think the speaker said he "let the cat out of the bag".

I wasn't paying attention, what was he referring to?

[valuestalker]

Stapled REIT:
Stapled A-REIT
stapled & paper clip REIT

1984, Congress enacted a provision in response to concerns that the stapled REIT structure violated the spirit and purpose of REIT rules by allowing active businesses to benefit from pass-through treatment improperly. That 1984 amendment, adding Section 269B(a)(3) to the Internal Revenue Code (IRC), says that stapled entities are treated as one entity for purposes of the federal income tax law.

[felixleong]

good set of results, well done ^^

[shanrui_91]

he mentioned that the stapled reit will be last resort. That means Boustead-REIT and Boustead will be traded together as an entity. When you buy Boustead, you are buying Boustead-REIT as well.

Benefits:
1) Tax-free distribution of portfolio property and at least 90% dividend paid out for the portfolio
2) Able to compete with the REIT when it comes to DBL portfolio. He admits earlier that the low interest rate and dividend yield that reits are trading at is working towards their disadvantage to build up DBL portfolio.

Problems:
1) Shareholder will still be trapped with the same portfolio unless they sell off their Boustead share
2) Will be the pioneer for industrial stapled-reit, not sure how market is gonna look at Boustead

But I think that they have indeed been working hard to come up with all sorts of creative idea to offload portfolio. There's 4 options that he talked about towards the end of the webcast.

(vested)

[greengiraffe]

   

Not your ordinary Godfather Stock...

[Musicwhiz]

The Straits Times
www.straitstimes.com
Published on May 22, 2013
Boustead's Q4 revenue up but profit down
By Magdalen Ng

DIVERSIFIED engineering specialist Boustead Singapore has posted a 15 per cent decline in fourth-quarter net profit to $27.7 million from the same period last year.

This was despite an 11 per cent increase in revenue for the quarter ended March 31 to $146.1 million, it announced yesterday.

But Boustead said full-year figures were a far better guide as the company's business was largely project-based, which meant quarterly results did not accurately reflect performance.

Full-year profit shot up 46 per cent year-on-year to $81.4 million. This includes net gains from the disposal of available-for-sale investments and write-backs of the overprovision of tax, as well as tax refunds.

Revenue for the year rose 26 per cent to $513.2 million.

The real estate solutions division turned in the best revenue of $251.8 million, up 88 per cent and accounting for almost half of the group's topline.

This was mainly owing to the progressive recognition of a sizeable order book backlog of design-and-build projects.

Revenue from the group's geo-spatial technology division was up 6 per cent at $114.4 million for the full year, on the back of strong demand for software and services in Australia.

However, revenue from its energy-related engineering division slid 3 per cent to $122 million.

Revenue from the water and wastewater engineering division sank 38 per cent to $25 million as a result of the implementation of fewer major projects.

Mr Wong Fong Fui, chairman and group chief executive of Boustead, said: "Prospects for the existing four core operating divisions appear mixed for the financial year 2014.

"We expect conditions in the industrial real estate market to be challenging, but this will be slightly compensated for by bright spots in the oil and gas market."

The board of directors proposed a final dividend of three cents per share, and a special dividend of two cents per share. This will bring the total dividend for the year to seven cents per share.

Earnings per share for the year was 16.2 cents, up from 11 cents a year earlier. Net asset value per share was 60 cents at March 31, up from 50.4 cents last year.

Boustead Singapore's shares rose 0.5 cent to $1.52 yesterday.

songyuan@sph.com.sg