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Special Dividend coming ?
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shplayer
Elite |
23-May-2006 21:09
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Share was trading about 48cts for the past week. So, those who accumulated it only paid 6cts for the business. Continued operations profit for YE2007 forecast to be about $9.7 mil (2,2cts per sh) so it is generating a return of 2.2/6.0 = 36.6% on their fixed assets. Excess cash will be used to purchase additional Ro Ro vessels but knowing Mr. Ow, he will time it perfectly (shipbuilding costs still very high due to all yards very busy) to get the best deal for the shareholders. |
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Bumster
Member |
23-May-2006 20:14
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3 cents final + 9 cents SPECIAL TOTAL 12c TAX EXEMPT DIVIDENDS NAV of 52c of which 42c of cash. you are only paying 10c for the business |
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Bumster
Member |
23-May-2006 01:30
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most shipping companies enjoy a special tax exemption for their shipping profits. its a tax incentive by the govt to promote the shipping sector in spore. thus sp ship like other shipping companies have very little s44 credit. in fact sp ship is on tier 1 already thus no more s44 credits to distribute. sometimes there can be some small amounts of s44 when they have a mixture of logistics business within the group accounts, stks like sembkim and sp ship, but I think they have paid out all already. any dividends from sp ship will be tax exempt different people different strokes, different investors different profiles. some prefer quick capital gains, some prefer long term dividend payouts. not all stocks are suited for everyone. evaluate your own profile and buy stks to suit your profile. don't try to be an investor when you are a trader and don;t try to be an investor if you are a trader at heart. getting "identity crisis" will lead to confusion and negative results |
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shplayer
Elite |
22-May-2006 18:33
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Mamasan, NTA, NAV...there is a diff but sorry, I am no accountant so not too sure what the diff is. Usually I don't bother with the diff. Whatever the Co uses, I use that as my reference. Perhaps someone out ther can clarify???? Thanks |
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shplayer
Elite |
22-May-2006 18:27
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Sandbox, Yes, listen to Mamasan's advise and stay on sidelines for the time being. FY2006 (YE 31 Mar 06) results will be out shortly...by this week....so wait for results then evaluate merits of the 'boutique' business model. |
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sandbox
Senior |
22-May-2006 17:28
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Thanks lots... All the best to everyone who is in the fray at the moment.. It has been a tough day. |
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mamasan
Member |
22-May-2006 17:23
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better stay sidelines for next 2 days, wait fir dust to settle, watch more ,act less.. warreen buffett also like that.. |
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sandbox
Senior |
22-May-2006 17:11
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Err.. Thanks lots... not sure what that means but will try to figure it out... Sp Ship worth looking into? |
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mamasan
Member |
22-May-2006 17:07
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resistance is on top, support at bottom...range is in between. |
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sandbox
Senior |
22-May-2006 17:06
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and pray tell... what does resistance mean? |
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mamasan
Member |
22-May-2006 16:36
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NTA equals NAV ?? |
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sandbox
Senior |
22-May-2006 16:36
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Thanks lots. Most counters seem to be heading down today.... |
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shplayer
Elite |
22-May-2006 16:28
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Sandbox, NTA=> Net Tangible Assets which is Total Assets - Total Liabilities. It is usually expressed in per share basis...i.e. (TA-TL)/(No of shares issued) to give a comparison with the share price. Mamasan, Yes, boutique is a good description. |
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sandbox
Senior |
22-May-2006 14:01
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Am new to this and so do not understand quite a few things. For a start, what's NTA? |
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mamasan
Member |
22-May-2006 13:56
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like boutique, not pasar malam ? |
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shplayer
Elite |
22-May-2006 13:08
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From past experience, SSC usually quite generous with dividents... so good chance that it will happen again this year. Co. sold all its ships except their car carriers - RoRo (roll-on roll-off)vessels - and have ordered some more. Aim to be a pure car carrier shipping co. So, its not as what mamasan says...restaurant with no rice... but more like a restaurant specialising in one menu. One of Couger's (SSC's sister co.) main niche business is in car transportation .....thereby offering the customer a complete door to door service.....there lies the connection and overall strategy of SSC. |
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mamasan
Member |
22-May-2006 10:15
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shipping company no ship ? like restaurant no rice ? |
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jesnigel
Member |
22-May-2006 10:10
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S44 tax credits must be franked out by Dec next year by the company. Anyone knows how much S44 tax credits they have? Note that profits going forward will be significantly less after the sale of their ships. |
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mamasan
Member |
22-May-2006 09:50
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dividends also your own money mah, have to pay tax.. prefer capital gains.. |
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mamasan
Member |
22-May-2006 09:50
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dividends also your own money mah, have to pay tax.. prefer capital gains.. |
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