11-08-2012, 09:47 PM
So far so good! Steady growth with reasonably good dividend yield. I believe market will re-rate it soon; in particular, if it increases the final dividend pay-out to 3 cents (from 2.5 cents) with the strong cash flow and cash in hand.
Quick Summary of Q2FY12 Results
•Q2FY12 revenue increased by 25% to $70.9M while H1FY12 revenue increased by 26.9% to $117.8M. It is noted that Q2 revenue is about 1.51 times that of Q1.
•Q2FY12 gross profit increased by 18.6% to $19.5M while H1FY12 revenue increased by 19.6% to $32.3M. It is noted that Q2 gross profit is about 1.54 times that of Q1. Gross margin is 38.0% for Q2FY13 and 37.8% for H1FY12.
•Net profit for Q2FY12 increased by 11.8% to $5.23M while for h1FY12 increased by 20.4% to $7.22M. Q2FY12 net profit is 2.63 times that of Q1FY12 net profit. Net margin for Q2FY12 is 8.0% while that of H1FY12 is 6.5%. Net margin for Q1FY12 is 4.4%.
•Cash has increased 48.3% from $33.2M to $49.3M.
•Debt is low and has reduced from $5.2M to $4.4M.
•Cash flow from operation for Q2FY12 is $12.5M while that for H1FY12 is $24.8M though profits before tax are only $6.5M and $8.8M respectively.
•Net cash used in investment activities are low, only $289K for Q1FY12 and $764K for H1FY12.
•Earnings per share is 3.79 cents for H1FY12. Assume the same EPS for H2FY12, the PER is 9.2 at the last closing price of 0.695.
•Net asset value per share is 36.06 cents.
•Revenue for Exhibitions and Museum Division increased by 54.8% in H1FY12. It will continue to do well this year.
•Interior Division continues to see strong potential for growth.
•As of 10 August 12, Kingsmen has been awarded contracts of about $238M for completion in FY12. Revenue for H1FY12 revenue is $117.8M.
•Interim dividend remains at 1.5 cents. This is going to cost Kingsmen $2.87M. Assuming a final dividend of 2.5 cents as in last FY, total dividend payout will be $7.7M. If final dividend is 3.0 cents, total dividend payout will be $8.6M (consider that it has $49.3M in cash).
Quick Summary of Q2FY12 Results
•Q2FY12 revenue increased by 25% to $70.9M while H1FY12 revenue increased by 26.9% to $117.8M. It is noted that Q2 revenue is about 1.51 times that of Q1.
•Q2FY12 gross profit increased by 18.6% to $19.5M while H1FY12 revenue increased by 19.6% to $32.3M. It is noted that Q2 gross profit is about 1.54 times that of Q1. Gross margin is 38.0% for Q2FY13 and 37.8% for H1FY12.
•Net profit for Q2FY12 increased by 11.8% to $5.23M while for h1FY12 increased by 20.4% to $7.22M. Q2FY12 net profit is 2.63 times that of Q1FY12 net profit. Net margin for Q2FY12 is 8.0% while that of H1FY12 is 6.5%. Net margin for Q1FY12 is 4.4%.
•Cash has increased 48.3% from $33.2M to $49.3M.
•Debt is low and has reduced from $5.2M to $4.4M.
•Cash flow from operation for Q2FY12 is $12.5M while that for H1FY12 is $24.8M though profits before tax are only $6.5M and $8.8M respectively.
•Net cash used in investment activities are low, only $289K for Q1FY12 and $764K for H1FY12.
•Earnings per share is 3.79 cents for H1FY12. Assume the same EPS for H2FY12, the PER is 9.2 at the last closing price of 0.695.
•Net asset value per share is 36.06 cents.
•Revenue for Exhibitions and Museum Division increased by 54.8% in H1FY12. It will continue to do well this year.
•Interior Division continues to see strong potential for growth.
•As of 10 August 12, Kingsmen has been awarded contracts of about $238M for completion in FY12. Revenue for H1FY12 revenue is $117.8M.
•Interim dividend remains at 1.5 cents. This is going to cost Kingsmen $2.87M. Assuming a final dividend of 2.5 cents as in last FY, total dividend payout will be $7.7M. If final dividend is 3.0 cents, total dividend payout will be $8.6M (consider that it has $49.3M in cash).