Cmiiw, that's equal to about 0.7 cent. Last year dividend was about 1.2 cent. So basically they just earned more than half last year dividend.
Probably can expect 1.5 cent dividend this year?
(19-07-2014, 04:17 PM)Curiousparty Wrote: [ -> ] Agree that there are many other undervalued counters. BUT it is hard to find another counter that grows its NAV at such an amazing pace. One Alex project covers its entire market cap. Speed is a very important consideration too (IMHO)
It is the pace of shareholder value creation that is going to capture the entire market by surprise !!!
have a look at BBR, u will see its better than CES
CEO of BBR just recently disposed off 150 lots.
(21-07-2014, 09:27 PM)wahkao Wrote: [ -> ] (19-07-2014, 04:17 PM)Curiousparty Wrote: [ -> ] Agree that there are many other undervalued counters. BUT it is hard to find another counter that grows its NAV at such an amazing pace. One Alex project covers its entire market cap. Speed is a very important consideration too (IMHO)
It is the pace of shareholder value creation that is going to capture the entire market by surprise !!!
have a look at BBR, u will see its better than CES
CEO recently sold off 150 lots.
Are there any upcoming projects completely sold but not recognized in books yet?
(i.e. the current NAV has not taken into account the incremental NAV from these projects.)
Is there any fully sold project that will increase the current NAV by 50 to 100% over the next 2 to 3 yrs?
many tks.
(21-07-2014, 10:16 PM)Curiousparty Wrote: [ -> ]CEO recently sold off 150 lots.
Are there any upcoming projects completely sold but not recognized in books yet?
(i.e. the current NAV has not taken into account the incremental NAV from these projects.)
Is there any fully sold project that will increase the current NAV by 50 to 100% over the next 2 to 3 yrs?
many tks.
Not the CEO.
He's a non executive director.
I've studied BBR and also find it quite attractive, but still waiting for the price to come down a little bit more before I go in.
Could u kindly elaborate which parts of BBR is attractive?
many tks.
(22-07-2014, 05:11 AM)sykn Wrote: [ -> ]I've studied BBR and also find it quite attractive, but still waiting for the price to come down a little bit more before I go in.
Unfortunately, I don't have my analysis with me at the moment as I am overseas, but I can provide more details after I get back home. As I remember, it has pretty low P/E & P/B, and ROE is consistently above 17% the last few years except for a dip in FY12; earnings doing pretty well in 1Q14 as well. Borrowings not too high for a construction company. It's on my watch list; that's as much as I can remember. Regards.