Hupsteel Limited Announces Final and Special Cash Dividend for the Financial Year Ended June 30, 2017
Source: Singapore Exchange
Type: Special Dividend Announced
From: 24/Aug/2017
Hupsteel Limited announced final tax exempt (one-tier) cash dividend of 1.0 cent per share and special tax exempt (one-tier) cash dividend of 1.0 cent per share for the financial year ended June 30, 2017.
NAV $1.3701 (after ex 2c dividend)
Cash + Avail for Sale fin. assets - ALL LIABILITIES = $0.5876
Trade Receivables = $0.1369
Inventories = $0.2048
Plant, Ppty and Equipment = $0.1637
Freehold Investment Properties at cost = $0.2749
Misc = 0.0022
If hupsteel is to be valued on its properties, then share price sitting at 50 to 60% of rnav at current levels would be just about right as compared to other property counter.
Businesswise, medium term picture is still bad for OnG with low oil price to be the norm now barring any surprise supply issue, capped by shale production as well as rise of EV in the transportation sector.
Property development in SG will be bad sector as well from now on as interest rates are on the way up and very little headroom for further price gains.
Unless go for privatisation, outlook is not really that good.
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very good news actually!
5 yrs rental income will help supplement the cash-flow of HS.
Waiting for a while for this to come in!
How much will this add to earnings? Enough to maintain their usual div?
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