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(04-12-2016, 10:38 PM)TUBInvesting Wrote: (04-12-2016, 03:18 PM)BlueKelah Wrote: 1Q results out last month but forgot to update here.
Stable 1Q with earnings coming in at ~SGD 1.09c.
NAV expanded to SGD61.8c vs. 42.5c share price now post XD (used up some to drink Strongbow Apple Cider, YUM!).
Net cash also up to SGD 58.3m vs. Market cap 84.6m (63.76%)
Div Yield now 7.06%
[The global business climate is uncertain. With the change in the US leadership, impact on potential trade policy changes remains to be seen. The
directors remain cautious about the Group business outlook for the next 6 to 12 months.]
Should benefit from depreciating yuan and appreciating USD. Collecting more soon.
Anyone vested also? or is it just me?
-v- Vested in Chuan Hup instead and adding more - In view of their recent transaction.
still unsure of investing in PCI Ltd. Will look at it after reading your post
Yah Chuan Hup also not bad, but they are the parent, so provide more diversification over more businesses, however any benefit from ownership of PCI by CHH will be diluted in the totall CHH results, which i think is their best holding so far giving them steady income.
The other good thing is PCI is very high chance going to be privatise by CHH. They tried previously and failed, so no telling when they will try again. Even if they dont try, they will still have to maintain high dividend and bonus payout in order to get the cash flow and $$ into CHH.
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(07-12-2016, 04:09 AM)BlueKelah Wrote: (04-12-2016, 10:38 PM)TUBInvesting Wrote: (04-12-2016, 03:18 PM)BlueKelah Wrote: 1Q results out last month but forgot to update here.
Stable 1Q with earnings coming in at ~SGD 1.09c.
NAV expanded to SGD61.8c vs. 42.5c share price now post XD (used up some to drink Strongbow Apple Cider, YUM!).
Net cash also up to SGD 58.3m vs. Market cap 84.6m (63.76%)
Div Yield now 7.06%
[The global business climate is uncertain. With the change in the US leadership, impact on potential trade policy changes remains to be seen. The
directors remain cautious about the Group business outlook for the next 6 to 12 months.]
Should benefit from depreciating yuan and appreciating USD. Collecting more soon.
Anyone vested also? or is it just me?
-v- Vested in Chuan Hup instead and adding more - In view of their recent transaction.
still unsure of investing in PCI Ltd. Will look at it after reading your post
Yah Chuan Hup also not bad, but they are the parent, so provide more diversification over more businesses, however any benefit from ownership of PCI by CHH will be diluted in the totall CHH results, which i think is their best holding so far giving them steady income.
The other good thing is PCI is very high chance going to be privatise by CHH. They tried previously and failed, so no telling when they will try again. Even if they dont try, they will still have to maintain high dividend and bonus payout in order to get the cash flow and $$ into CHH.
very true indeed. Will have to see how they fare against my scorecard.
I doubt CHH will privatise PCI now that they are focus on LH Group. Will see how things turn out for LH Group first.
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08-12-2016, 10:42 AM
(This post was last modified: 08-12-2016, 10:57 AM by white collar.)
I'm not sure if PCI can sustain paying out annual dividends of 5cents per year if the electronic sector / business does not improve. The company has been paying out dividends out of its net profit instead of the preferred free cash flow for the last two years? Looking at FY2016 annual report, net cash flow from operating activities is $1,390 (2016) vs $4,209 (2015), while dividend payouts are $7,110 (2016) vs $15,549 (2015). Cash has been decreasing from $40,530 in 2015 to $27,916 in 2016, having dipped into the cash pot in both years. Good thing is Q1 results are not bad from a cash flow perspective.
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(08-12-2016, 10:42 AM)white collar Wrote: I'm not sure if PCI can sustain paying out annual dividends of 5cents per year if the electronic sector / business does not improve. The company has been paying out dividends out of its net profit instead of the preferred free cash flow for the last two years? Looking at FY2016 annual report, net cash flow from operating activities is $1,390 (2016) vs $4,209 (2015), while dividend payouts are $7,110 (2016) vs $15,549 (2015). Cash has been decreasing from $40,530 in 2015 to $27,916 in 2016, having dipped into the cash pot in both years. Good thing is Q1 results are not bad from a cash flow perspective.
It's 3cent/per year if things remain stable. Previously there was sizeable one time gain in disposal when co. moved from previously larger HQ to the new premises, hence the higher special payout. In any case, payout will be high as CHH needs the cashflow 
They just need EPS of SGD 1c per quarter, ~USD 0.7c , not difficult if revenue is flat and if RMB continue to depreciate. Plus the China's intended switch to consumer based economy also means more demand for consumer electronics / etc. this macro trend will be positive for PCI business in the longer term.
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(08-12-2016, 11:33 AM)BlueKelah Wrote: (08-12-2016, 10:42 AM)white collar Wrote: I'm not sure if PCI can sustain paying out annual dividends of 5cents per year if the electronic sector / business does not improve. The company has been paying out dividends out of its net profit instead of the preferred free cash flow for the last two years? Looking at FY2016 annual report, net cash flow from operating activities is $1,390 (2016) vs $4,209 (2015), while dividend payouts are $7,110 (2016) vs $15,549 (2015). Cash has been decreasing from $40,530 in 2015 to $27,916 in 2016, having dipped into the cash pot in both years. Good thing is Q1 results are not bad from a cash flow perspective.
It's 3cent/per year if things remain stable. Previously there was sizeable one time gain in disposal when co. moved from previously larger HQ to the new premises, hence the higher special payout. In any case, payout will be high as CHH needs the cashflow
They just need EPS of SGD 1c per quarter, ~USD 0.7c , not difficult if revenue is flat and if RMB continue to depreciate. Plus the China's intended switch to consumer based economy also means more demand for consumer electronics / etc. this macro trend will be positive for PCI business in the longer term. Yes, it held its dividend payout quite stable at $0.03/share since FY11 (best during FY14 & 15 with special dividend). CHH being the parent may want to cashout from this investment. So if PCI managed to pull in a comparable revenue level as previous years, this $0.03 dividend should be manageable too. 
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09-02-2017, 05:47 PM
(This post was last modified: 09-02-2017, 08:15 PM by cyclone.
Edit Reason: Added new text.
)
PCI declared special dividend of S$0.025 per share for the first half period ended 31 December 2016
2017 marks the 25th anniversary of the Company’s listing on the SGX-ST. To commemorate the silver jubilee of our listing, the directors are pleased to declare a special interim tax-exempt one-tier dividend of 2.5 SG cents per ordinary share amounting to S$4,977,475 (equivalent to US$3,509,961) in respect of the financial year ending 30 June 2017. The directors would like to express their gratitude to all shareholders for their support over the years.
The special interim dividend will be paid on 10th March 2017.
More details in http://infopub.sgx.com/FileOpen/Announce...eID=438459
Specuvestor: Asset - Business - Structure.
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(09-02-2017, 05:47 PM)cyclone Wrote: PCI declared special dividend of S$0.025 per share for the first half period ended 31 December 2016
2017 marks the 25th anniversary of the Company’s listing on the SGX-ST. To commemorate the silver jubilee of our listing, the directors are pleased to declare a special interim tax-exempt one-tier dividend of 2.5 SG cents per ordinary share amounting to S$4,977,475 (equivalent to US$3,509,961) in respect of the financial year ending 30 June 2017. The directors would like to express their gratitude to all shareholders for their support over the years.
The special interim dividend will be paid on 10th March 2017.
More details in http://infopub.sgx.com/FileOpen/Announce...eID=438459 Haha people got SG50 they also wanna do a PCI 25
 must thanks CHH for the nice CNY ang "pok pok" pow
Should be a stellar year for PCI hope CHH decide to delist soon, waiting quite a few years liao.
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10-02-2017, 11:42 AM
(This post was last modified: 10-02-2017, 11:43 AM by CY09.
Edit Reason: Edit
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In the investing world, it is always better to 'woo' the child of the family than the parent. This is because history has shown a high tendency of the parent milking the child for money
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CHH had invested in the new RTO, Pacific Star. Property developments are capital intensive and therefore CHH might need the cash for their projects.
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