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(01-05-2024, 11:16 AM)¯|_(ツ)_/¯ Wrote: BSL@0.96
BP Interim Dividend 3 cents
Nice present received on Labour Day.
Gratitude.
(01-05-2024, 12:25 PM)¯|_(ツ)_/¯ Wrote: Written on the cheque:
Div #9 for Boustead Projects Limited
Type: Interim
Gross: 3 cents
For: Year ended 31 Mar 2024
Date of payment: 29 Apr 2024
Gratitude
Why interim? Should be final dvd?
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(01-05-2024, 04:15 PM)ghchua Wrote: (01-05-2024, 11:51 AM)Curiousparty Wrote: BP still giving out dvd? where is this info? it was not announced in SGX ....
The company had been delisted from SGX. Therefore, there is no need to make any more announcement on SGXNet.
Boustead Proj Dividend Yield (AVM) (dividends.sg)
actually 3 cent dvd from BP was the highest to date....
it should be "final" and not "interim" dvd right?
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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3 cents at same share count are about $9 to $10M. Quite a small amount as compared to cash on BP B/S before delisted.
If I am from Boustead, I would have no wishes to prolong any AGM just to see few shareholders who would has almost nothing to input for running the company. Interim dividend will do the job just fine.
For Boustead Singapore, BP while is ok, it is not the real cash cows. Real cash crows are the energy engineering and Geospatial. Both generate higher return without the same capital requirement. Energy engineering is doing way better than BP currently when the industry it is in is still down by a lot.
I see it as BP needs more capital and has a ROE that is lower than Energy engineering and Geospatial. In the recent pasts, Boustead Singapore basically use cash generated from Energy Engineering, Geospatial and BP to pay dividend and privatised BP and still has a cash pile. Contribution from BP was important but not alot since close to $10M is considered as the max given out.
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(02-05-2024, 08:04 PM)¯|_(ツ)_/¯ Wrote: BSL@0.94
Thanks everyone for the input. Nice to see so many valuebuddies keen in BSL.
I'm still waiting for the star to be aligned before vesting.
Gratitude
May I ask what the criteria area for stars alignment?
usually, when all the stars are fully and beautifully aligned, the share price will not be cheap any more..hahaha..
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]