(23-02-2015, 09:20 PM)CY09 Wrote: [ -> ]Hi NTL,
About every 3 months, I am only able to create 1 bullet; therefore I will always keep a spare bullet in my pocket to wait for the biggest Penguin to appear. Upon pulling the trigger on the biggest penguin, I will be out of bullets and either I have to wait for a new bullet or I have to sell other holdings to earn an extra bullet to snipe again. This is where the T+2 method is important because I have 2 days to raise funds
Normally if i am able to create a new bullet but have not fired the previous, I will just pull the trigger and take down the penguin of the day. Another factor to consider is portfolio concentrations which I am getting a lot of feedback for collecting too much Penguins
*1 bullet = $9,000
Hi CY09,
Thanks for your reply. So it just happen that the fattest penguins now are selling at 0.215, so you keep sniping and sniping as they appear.
Penguin FY 2014 result >>
Link
Stellar set of results.
Revenue +49.4%
Gross Profit +44.8%
Net Profit +86.5%
EPS 4.54c
Dividend: 0.5c Final + 0.5c Special
Results for 2014 out this evening:
http://infopub.sgx.com/FileOpen/Penguin_...eID=336087
Last quarter profits -8% compared with 2013, not helped by $1.695m forex loss. Profit per share for the whole year 4.54c. Final divi 0.5c + 0.5c special divi, i.e. total dividend 1c per share.
Q4 was surprisingly much weaker than the previous 4 quarters. Likely the O&G slowdown had a corresponding impact. Will need to have a deeper analysis.
Still, reviewing my overall, stock price appreciation of 20% and div yield of 5+%, this is excellent closure for penguin.
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I think everyone here, after such strong 3 quarters, expected EPS to exceed 5 cents.
But if we take a step back, it has been a great year for Penguin. Furthermore, at current price, we now get a close to 5% yield.
Some of the concerns here are usually to do with lack of visibility on order books. My guess (and only my guess) is there must be some sort of confidence on future earnings and order book to double the dividend this year.
Q4 performance and EPS might be lower than most of us expected. But almost 5% yield and PE of only 5 as of current price of 0.225 is still very undervalued and very attractive.
How you all be interpreting the following statement? Positive? Negative? Or Neutral Outlook?
"Sobering sentiments in the offshore oil and gas industry are expected to temper demand for the Group's crewboats and Fast Supply Intervention Vessels in sales and charters. However, demand for security vessels (Flex Fighter) and passenger ferries (Flex Ferry), as well as ship repair services, is expected to be less affected."
(25-02-2015, 07:24 PM)Bubbachuck Wrote: [ -> ]Q4 performance and EPS might be lower than most of us expected. But almost 5% yield and PE of only 5 as of current price of 0.225 is still very undervalued and very attractive.
Paying less than 30% of earnings. eps 4.5 cents and total div only 1 cent. Keeping 3.5 cents in the group. May be the controlling share holders do not need money, or they do not have empathy of minority shareholders or they have certain plans for the group. Why do they need to keep so much money especially when it does not have debt?
Overall, this report does not share much info with shareholders or the public. The tone of their report on 15 Jan in Penguin website and the interview with Maritime magazine are much more upbeat than this 4th quarter report.
I am also disappointed that Penguin releases its report much later than the BIG BOYS e.g. SIA, Keppel and Genting .... It did not even bother to notify shareholders/public the date of release. Very unprofessional in this respect, though some may say that this has no bearing on the performance of the company. Being a public company, managing such info is important.
(25-02-2015, 08:11 PM)xlandjy Wrote: [ -> ] (25-02-2015, 07:24 PM)Bubbachuck Wrote: [ -> ]Q4 performance and EPS might be lower than most of us expected. But almost 5% yield and PE of only 5 as of current price of 0.225 is still very undervalued and very attractive.
Paying less than 30% of earnings. eps 4.5 cents and total div only 1 cent. Keeping 3.5 cents in the group. May be the controlling share holders do not need money, or they do not have empathy of minority shareholders or they have certain plans for the group. Why do they need to keep so much money especially when it does not have debt?
Overall, this report does not share much info with shareholders or the public. The tone of their report on 15 Jan in Penguin website and the interview with Maritime magazine are much more upbeat than this 4th quarter report.
I am also disappointed that Penguin releases its report much later than the BIG BOYS e.g. SIA, Keppel and Genting .... It did not even bother to notify shareholders/public the date of release. Very unprofessional in this respect, though some may say that this has no bearing on the performance of the company. Being a public company, managing such info is important.
This aspect I'm not so concerned... Have already known they are a low-key company before vesting in it. It's just something we investors have to live with.
(25-02-2015, 08:11 PM)xlandjy Wrote: [ -> ]Overall, this report does not share much info with shareholders or the public. The tone of their report on 15 Jan in Penguin website and the interview with Maritime magazine are much more upbeat than this 4th quarter report.
I am also disappointed that Penguin releases its report much later than the BIG BOYS e.g. SIA, Keppel and Genting .... It did not even bother to notify shareholders/public the date of release. Very unprofessional in this respect, though some may say that this has no bearing on the performance of the company. Being a public company, managing such info is important.
I have seen far worse in terms of corporate disclosure. (a local "up and coming" firm "forgetting" to make disclosure of buyback when the share is climbing at that period.. Really?)
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