ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

Full Version: OKP Holdings
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13
http://infopub.sgx.com/Apps?A=COW_Corpor...wzLZmthiK0

Results announced. Dividends at $0.03/shr. Seems like a pretty rough year.
(26-02-2014, 12:59 AM)Jon-san Wrote: [ -> ]http://infopub.sgx.com/Apps?A=COW_Corpor...wzLZmthiK0

Results announced. Dividends at $0.03/shr. Seems like a pretty rough year.

Dividend should be 0.3c not 3c
Seems to be extremely depressing margins - especially in the Maintenance segment. It is disappointing that a well managed company is performing so poorly.

Was looking back at the forum comments and I think edragon is a farseer:
(12-04-2011, 09:31 AM)edragon Wrote: [ -> ]About OKP, I always wondered the method they use to mitigate their risks as below:-
1) Their main material is bitumen (oil byproduct); whether they have a fluctuation clause in the material price as their contract can be for a period of upto 3 years but oil prices is only going one direction, their margins would suffer immensely.
2) Their works are very labour intensive; the Government intent and actual increased in work permits or other levees on foreign workers.
3) Weather; rainy weather and the amount of water have increased dramatically which affected down-time and or damages to just-laid road surfaces, water clogged areas, etc.
4) Increased claims from sub-contractors.

One could really write a case study on how a well-run company can run into poor performance due to external factors.

(vested for a couple of years and still holding on....)
(26-02-2014, 05:41 AM)yawnyawn Wrote: [ -> ]
(26-02-2014, 12:59 AM)Jon-san Wrote: [ -> ]http://infopub.sgx.com/Apps?A=COW_Corpor...wzLZmthiK0

Results announced. Dividends at $0.03/shr. Seems like a pretty rough year.

Dividend should be 0.3c not 3c

Thanks for the correction... My eye got stamp... Blush
Divested out quite sometime ago as the economy moat is totally gone.
http://www.businesstimes.com.sg/companie...e-rises-08

OKP's profit falls 2.4% to S$281,000 in Q3 even as revenue rises 0.8%
By
Lee Meixianleemx@sph.com.sg@LeeMeixianBT
28 Oct5:50 AM
Singapore

INFRASTRUCTURE and civil engineering company OKP Holdings on Monday reported a 2.4 per cent drop in net profit to S$281,000, while revenue rose a marginal 0.8 per cent to S$26.2 million for its third quarter ended Sept 30, 2014.

Earnings per share was flat at 0.09
FY2015 Results:
 
Revenue (SGD million):
FY2012 = 104.482
FY2013 = 128.273
FY2014 = 109.476
FY2015 = 103.290
 
GPM (Gross Profit Margin):
FY2012 = 22.4%
FY2013 =   9.8%
FY2014 =   8.0%
FY2015 = 13.3%
 
NPM (Net Profit Margin):
FY2012 = 12.0%
FY2013 =   3.7%
FY2014 =   2.3%
FY2015 =   6.8%
 
NPAT (SGD, million)
FY2012 = 12.364
FY2013 =   4.812
FY2014 =   2.541
FY2015 =   7.005
 
EPS (SGD, cent)
FY2012 = 4.04
FY2013 = 1.56
FY2014 = 0.82
FY2015 = 2.27
 
DPS (SGD, cent)
FY2012 = 1.5 cent
FY2013 = 0.3 cent
FY2014 = 0.1 cent
FY2015 = 1.0 cent
 
OCF - (SGD million)
FY2012 =  (7.040)
FY2013 =  (0.229)  
FY2014 =  (1.115)
FY2015) = 20.254
 
Cash and Cash Equivalents (SGD million)
FY2012 = 53.992 (Debt = 1.454)
FY2013 = 39.863 (Debt = 2.742)
FY2014 = 34.009 (Debt = 0.722)
FY2015 = 54.689 (Debt = 0.950)
 
NAV per share (SGD Cents)
FY2012 = 30.71
FY2013 = 30.72
FY2014 = 31.26
FY2015 = 33.37
 
Order Book:
FY2015 = SGD 344.8 m
 
Number of Shares issued:
FY2015 = 308,430,594
 
Comments:
1)  Interesting construction counter with a strong balance sheet. Net cash per share of around SGD 17 cent (vs share price of 22.5 cent)
2)  NAV = 33.37 cent.
3)  Pretty stable revenue.
4)  But with irregular GPM, NPM, NPAT, EPS, OCF and DPS
_____________________________________________________________________________________________________
OKP Holdings Limited wins S$19.3 million JTC project for infrastructure works at Punggol

Highlights :
* First contract win from JTC in 2016
* Contract commenced on 5 July 2016, expected to be completed by 4 October 2017
* Fifth contract win this year boosts net construction order book to S$414.1 million, with contracts extending to 2019
* The total value of contracts secured in 2016 amounted to S$101.8 million

More details in http://infopub.sgx.com/FileOpen/PressRel...eID=412390
http://okp.listedcompany.com/newsroom/20...YDT8.2.pdf

A better year on the whole. Revenue and Gross Profit Margin seems to have improved quite a bit. Final dividend of 0.7 cents and special dividend of 0.8 cents announced.

Still vested, after so many years.
Be very careful now with their accidental and bad track records...

http://www.straitstimes.com/singapore/tr...tor=CS3-17
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13