SATS

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#21
Anyone knows the reason why the CEO resigned?

SATS: President And CEO Tendered Resignation.

SATS Ltd. announces that its President and CEO, Mr Clement Woon, has tendered his resignation to pursue his personal interests and will relinquish his appointment. The SATS Board has appointed Mr Tan Chuan Lye, Executive Vice President, Food Solutions as the acting CEO, while embarking on a global search for a new CEO. Mr Tan has held several managerial positions in various business divisions since joining SATS in May 1976. He also sits on the Boards of a number of SATS' subsidiaries and associated companies
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#22
SATS released their Q1FY12 results yesterday.

Media release (link)

Financial Statements (link)

Presentation (link)
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#23
Business Times - 26 Oct 2011

SATS sells UK's Daniels Group to Hain Frozen Foods for £159m


The sale will allow Daniels Group to achieve its full potential, says SATS

By NISHA RAMCHANDANI

GROUND-HANDLER SATS Ltd has divested UK-based, non-aviation food unit the Daniels Group to Hain Frozen Foods UK for £159 million (S$321.8 million).

In a release to the Singapore Exchange yesterday, SATS said that its wholly-owned subsidiaries Singapore Food Industries (SFI) and Singapore Food Development (SFD) have entered into a share sale and purchase agreement with Hain Frozen Foods UK, a wholly-owned subsidiary of The Hain Celestial Group, for all the issued shares of S Daniels and International Cuisine (collectively the Daniels Group).

The Daniels Group - which manufactures and sells chilled drinks, ready-to-eat meals as well as fresh fruit and pudding - was acquired by SATS in 2009 as part of the latter's takeover of SFI.

SFI is selling some 167.22 million ordinary shares in S Daniels and 1.28 million ordinary shares in International Cuisine while SFD is selling one ordinary share in S Daniels and 335,006 ordinary shares in International Cuisine.

SATS' subsidiaries will be paid £151 million (subject to adjustments), plus potential deferred consideration of up to £13 million over the next two years assuming certain Ebitda targets are met by the Daniels Group.

Taking into account the fair value of the deferred consideration, the sale consideration is estimated to amount to £159 million in aggregate, SATS said in the announcement.

Tan Chuan Lye, acting chief executive officer of SATS, said: 'While SATS has supported the Daniels Group's growth since 2009 by investing in new production facilities and helping them build trading volumes with new customers, we believe that it made more sense if they were part of another company in the branded products market, who could help them achieve their full potential and growth in this space.' He added: 'With the Hain Celestial Group being a leading player in the branded packaged food space in the US, UK and Europe, this is a much better fit for the Daniels Group.'

For the financial year ended March 31, 2011, the Daniels Group earned a revenue of £177.1 million while Ebitda and net profit were £16.3 million and £8.1 million respectively.

According to SATS, the sale proceeds will go towards its capital base, to be used for working capital as well as to drive future growth and create value for its shareholders.

This deal comes weeks after SATS had clarified media reports which said that the group was in advance talks to sell the Daniels Group. At that time, SATS confirmed it was in talks with third parties in connection with the potential sale but also highlighted that there was no certainty of a definitive agreement.

Over the last year or so, SATS has made other investments such as taking up a 40 per cent stake in Saudi-based Adel Abuljadayel Flight Catering Company (AAFC) as well as a 50.7 per cent stake in Japan-based TFK Corporation.

A wholly-owned subsidiary, SATS Investments, has also recently entered into a joint venture with OCS Ventures to provide food and services to companies operating in remote areas - a bid for SATS to grow its non-aviation food business.

'SATS remains focused on growing and strengthening our gateway services and food solutions businesses,' Mr Tan said. HSBC acted as financial adviser to SATS in the disposal of the Daniels Group.

My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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#24
SATS REPORTS 3Q NET PROFIT OF $38.2M
SINGAPORE, 7 FEBRUARY 2012 – SATS Ltd (SATS) today reported its unaudited results for the third quarter (3Q FY12) and nine months (9M FY12) ended 31 December 2011.
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#25
SATS Results - FY12 (Mar)

Extracts,

PROPOSED DIVIDENDS
In view of the Group‟s financial performance in FY12, its liquidity position as well as capital management considerations, the Board has recommended a final dividend of 6 cents per share and a special dividend of 15 cents per share. Including the interim dividend of 5 cents per share paid on 9 December 2011, the proposed total dividend will be 26 cents per share. This represents a dividend payout ratio of 168.6% of profit attributable to owners of the Company for FY12. The proposed final and special dividends will be tabled for shareholders‟ approval at the forthcoming Annual General Meeting on 26 July 2012 and if approved, will be paid on 15 August 2012. The book closure date is 3 August 2012.



Press Release

Presentation

Financials
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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#26
(14-05-2012, 08:45 AM)KopiKat Wrote: SATS Results - FY12 (Mar)

Extracts,

PROPOSED DIVIDENDS
In view of the Group‟s financial performance in FY12, its liquidity position as well as capital management considerations, the Board has recommended a final dividend of 6 cents per share and a special dividend of 15 cents per share. Including the interim dividend of 5 cents per share paid on 9 December 2011, the proposed total dividend will be 26 cents per share. This represents a dividend payout ratio of 168.6% of profit attributable to owners of the Company for FY12. The proposed final and special dividends will be tabled for shareholders‟ approval at the forthcoming Annual General Meeting on 26 July 2012 and if approved, will be paid on 15 August 2012. The book closure date is 3 August 2012.



Press Release

Presentation

Financials

Hi, will you do a cd/xd on this counter too? Sold 5 lots @$2.55 before CD. Balance 5 lots. Alamak "forced" myself to buy back 5 lots@$2.60 today, because of Dividend@21cents. That's the problem with not holding.(HA! HA! Backview Driver speaking)Big GrinTongue
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#27
It's good to be your broker.
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#28
(14-05-2012, 04:58 PM)violinist Wrote: It's good to be your broker.

No way. i am using INT. i am my own broker. And i use DBS for buying, L&T for selling and Philips POEM for odd lots. Happy?Big GrinTongue
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Reply
#29
(14-05-2012, 04:47 PM)Temperament Wrote: Hi, will you do a cd/xd on this counter too? Sold 5 lots @$2.55 before CD. Balance 5 lots. Alamak "forced" myself to buy back 5 lots@$2.60 today, because of Dividend@21cents. That's the problem with not holding.(HA! HA! Backview Driver speaking)Big GrinTongue

Unfortunately, I wasn't vested. It was in my calendar (went to check when I was surprised by their results announcement this AM) but somehow, I missed it. Must have been too engrossed posting in this forum, Haha... Tongue

Next time, I better incorporate an Alarm + Reminder... Rolleyes



(14-05-2012, 04:58 PM)violinist Wrote: It's good to be your broker.

Don't begrudge your broker of their livelihood lah...
I ever calculated that with mostly internet usage and a 0.28% charges, even if you managed to give them a $1Mil turnover p.a. (say, $500k Buy + $500k Sell, cumulative), it's only $2,800. For the poor remisier who's handling your account, his cut is perhaps 50:50 at best (?) ie. $1,400. Don't just imagine that they're earning your $$ so easily, they have to bear the risk of any default! So, imagine if you don't even trade $1Mil turnover p.a., your remisier is earning real peanuts... How to feed their family?? Not all remisiers are Peter Lim... Tongue
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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#30
(14-05-2012, 05:10 PM)Temperament Wrote:
(14-05-2012, 04:58 PM)violinist Wrote: It's good to be your broker.

No way. i am using INT. i am my own broker. And i use DBS for buying, L&T for selling and Philips POEM for odd lots. Happy?Big GrinTongue

why use L&T to sell? got linkpoint? I am stuck with my OCBC which makes it very hard to find a perfect complementary...
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