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Was collecting Boustead recently and foreign houses have been consistent seller right up till last Friday. Best guess, they have been selling on behalf of insti clients who need to rebalance their portfolio by quarter end.

The lack of sellers today is hopefully a confirmation of above observations. More importantly, Boustead needs to stay above 90 to start a new trend from a technical view point.
(02-04-2012, 11:21 AM)greengiraffe Wrote: [ -> ]Was collecting Boustead recently and foreign houses have been consistent seller right up till last Friday. Best guess, they have been selling on behalf of insti clients who need to rebalance their portfolio by quarter end.

The lack of sellers today is hopefully a confirmation of above observations. More importantly, Boustead needs to stay above 90 to start a new trend from a technical view point.

Wah don't spoil market leh - I'm hoping for the share price to fall more precipituously so that it will give me a chance to collect more! Tongue
(02-04-2012, 11:38 AM)Musicwhiz Wrote: [ -> ]
(02-04-2012, 11:21 AM)greengiraffe Wrote: [ -> ]Was collecting Boustead recently and foreign houses have been consistent seller right up till last Friday. Best guess, they have been selling on behalf of insti clients who need to rebalance their portfolio by quarter end.

The lack of sellers today is hopefully a confirmation of above observations. More importantly, Boustead needs to stay above 90 to start a new trend from a technical view point.

Wah don't spoil market leh - I'm hoping for the share price to fall more precipituously so that it will give me a chance to collect more! Tongue

Mr market always right. We are small frys mate.
Yes, sure. Chill too. After all, it's a Monday. Tongue
http://info.sgx.com/webcoranncatth.nsf/V...400364740/$file/Boustead_Announcement-Voluntary_Liquidation_of_Subsidiaries-02.04.2012.pdf?openelement

Some of the companies are DBL companies that has since been sold and understandable.

Quite a number are water related and could well be related to the reduced workload at Salcon.

On chart, Boustead needs to clear 90 convincingly to start a new uptrend
In Kim Eng’s latest report on Boustead, it seems the analyst has tipped Real-Estate Solution Division to be the catalyst for FY 2013. While it is quite understandable to feel bullish on this division due to the “sudden” large amount of contracts secured during the last month (final month of FY 2012), I think the analyst should also keep in mind that Boustead has a number of moving parts and there is also the wildcard which is its cash stash yet to be deployed. He also omits to make any mention of the investment in OMH and prospects for this to grow in the years to come, and there is an assumed dividend yield of 5.8% because the assumption here is that cash will be paid out if there is no underlying reason for the cash to be reinvested.

The Water and Wastewater division is continually a drag on the profitability of the Group, by looking at the numbers alone, and Boustead should seriously consider either spinning this off separately in an IPO (a tough task as it has not had steadily growing revenues and profits for the last 3 years), or by divesting it to an interested buyer and then recycling the cash back to be deployed to the other divisions within the business.

Geo-Spatial continues to be the key performer in terms of revenue and margin consistency, but is almost wholly neglected by the analyst as they tend to be more short-term focused and prefer to mention immediate catalyst which may impact the next quarter or quarters. Oil and Gas would understandably remain bullish, but whether Boustead’s O&G division can capture a slice of the pie still remains to be seen, and whether margins can hold out.

Boustead should be releasing its FY 2012 results in late May 2012, and it will be interesting to see if they can at least maintain the 2c/share final dividend which they declared last year. For the sake of prudence, I am omitting the 3c/share special dividend which may not be repeated.
Whether they sell Water and Wastewater division does not really matter that much before they re-invest their existing cash.

if they are not able to find good investment for their cash, what is the point to sell more assets to raise more cash. What's worse, probably the sale would not fetch a good price as it continues to bleed.
(13-04-2012, 10:52 AM)freedom Wrote: [ -> ]if they are not able to find good investment for their cash, what is the point to sell more assets to raise more cash. What's worse, probably the sale would not fetch a good price as it continues to bleed.

Erm, higher dividends or a special one-off dividend? Tongue

If the division continues to bleed and burn cash, isn't it more logical to sell it off to stem the bleeding?
(13-04-2012, 10:54 AM)Musicwhiz Wrote: [ -> ]
(13-04-2012, 10:52 AM)freedom Wrote: [ -> ]if they are not able to find good investment for their cash, what is the point to sell more assets to raise more cash. What's worse, probably the sale would not fetch a good price as it continues to bleed.

Erm, higher dividends or a special one-off dividend? Tongue

If the division continues to bleed and burn cash, isn't it more logical to sell it off to stem the bleeding?

if that's the case, FF Wong should have sold it a few years ago.

my personal feeling is that with more family members of FF Wong join the company (2 sons), Boustead is looking more for growth in business than returning excess cash to shareholders and shrinking the business.
they are going to spend some money on grooming scholars and the terms are quite attractive

http://www.singaporeindustryscholarship....nisations/

i remember reading somewhere that he will be staying on in this company and intending to let his son takeover or something like that.