Viz Branz

[pianist]

AGM is coming 31 Dec 2012 at Mandarin hotel...which buddy is going to celebrate last day of the year and welcome the new year with Viz Branz's management and fellow shareholders? huat ah

[wsreader]

The company's Articles of Association does not allow interim dividend to be declared more than once in 6 months. It was a technical error to declare so many interim dividends in early 2012. So shareholders are unlikely to see similar frequent interim dividend in the future.
imho, the company should amend its AOA. There are listed companies giving out dividends every quarters (eg SGX). I am sure shareholders, especially retirees, welcome that.

[freedom]

maybe going to have a chinese new year surprise dividend.

[vicom76]

Anyone knows the outcome of AGM?

What is the dividend etc?

[CityFarmer]

The company withdraw the bonus issue proposal

http://info.sgx.com/webcorannc.nsf/Annou...endocument

This will put pressure on share price tomorrow.

[l0nEr]

The company withdraw the bonus issue proposal

http://info.sgx.com/webcorannc.nsf/Annou...endocument

This will put pressure on share price tomorrow.

hmmm? i dun tink the bonus share issue is important (actually i never understood whats the point of bonus share issue besides increasing liquidity)

but they did announce rather disappointing earnings.. and no Chinese New Year special dividend, nor did they make any positive sounding outlook, or comments on the new shareholder. Kinda expected that they wouldnt mention the new shareholder.. sigh...

a little disappointed by the company.

[CityFarmer]

The company withdraw the bonus issue proposal

http://info.sgx.com/webcorannc.nsf/Annou...endocument

This will put pressure on share price tomorrow.

hmmm? i dun tink the bonus share issue is important (actually i never understood whats the point of bonus share issue besides increasing liquidity)

but they did announce rather disappointing earnings.. and no Chinese New Year special dividend, nor did they make any positive sounding outlook, or comments on the new shareholder. Kinda expected that they wouldnt mention the new shareholder.. sigh...

a little disappointed by the company.

Yes, agree, bonus share has no impact on the value of the company, but it has impact on share price

Yet to read the report, disappointing earning?

[Kelvin]

opportunity to buy when prices drop

[vicom76]

Yes I took a quick glance and saw some declining numbers.

I guess many are waiting for the bonus or special dividend news and this could be disappointing.

[l0nEr]

From the Financial Statements...

Sales turnover in 1H FY2013 amounted to $86.1m down by $5.1m or 5.6% as compared to $91.2m in 1H FY2012.

Only upside is...

In spite of lower sales turnover in 1H FY2013, gross margin % improved to 37.2% as compared to 33% recorded in 1H FY2012. This was mainly
due to lower raw materials cost, better contributions from products mix and increased selling prices in certain markets.

During 1H FY2013, lower exchange loss of $0.3m was booked as compared to a loss of $0.5m in last year 1H.


Forecast...
The major markets that we operate in remain competitive and challenging.
Raw material prices and the , fluctuation of the US Dollar, Renminbi and Swiss Franc against Singapore Dollar will continue to have an impact
on the Group's performance.

==> i dont see how this constitute as a forecast, but yes, thats all that is given.