14-03-2017, 04:12 PM
(This post was last modified: 14-03-2017, 04:17 PM by white collar.)
Share price dropped to 23c upon Profit Warning announcement. Financials released but no price movement hmm.
I thought it wasn't a bad set of results despite the complete write down no? Net Profit $7.9m or ~ $0.023 per share (excluding impairment loss and FX gains). Dividend 1.2c declared translating to ~ 5+% yield. Balance sheet remains healthy with minimum debt. Net cash. Positive free cash flow sustained and continues.. veli gud!
Their new warehousing infrastructure should be ready very soon - March 2017. Hopefully management can execute well by increasing said productivity and operating efficiencies.
Keeping a close eye on this one!
http://infopub.sgx.com/FileOpen/Sinwa%20...eID=440554
I thought it wasn't a bad set of results despite the complete write down no? Net Profit $7.9m or ~ $0.023 per share (excluding impairment loss and FX gains). Dividend 1.2c declared translating to ~ 5+% yield. Balance sheet remains healthy with minimum debt. Net cash. Positive free cash flow sustained and continues.. veli gud!
Their new warehousing infrastructure should be ready very soon - March 2017. Hopefully management can execute well by increasing said productivity and operating efficiencies.
Keeping a close eye on this one!
http://infopub.sgx.com/FileOpen/Sinwa%20...eID=440554