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KGT 1Q 11 Results:
http://info.sgx.com/webcoranncatth.nsf/V...2002E8D3E/$file/KGT1Q2011.pdf?openelement
1Q FY2011 RESULTS HIGHLIGHTS
1. The profit after tax achieved for the first quarter of 2011 was $3.5 million, 5.4% higher than projection.
2. Earnings per unit (EPU) for the first quarter of 2011 was 0.56 cents.
3. Net asset value per unit as at 31 March 2011 was $1.12.
4. Free cash flow for the quarter was $9.5 million.
Personally, we must remember that KGT is operating as a self liquidating trust since it isn't retaining any income to replenish its assets. As we can see, its NAV has shrunk from $726 million to $704 million. Hence, the true dividend yield is a lot lower. This comes to no surprise since the assets are of high quality with SG Govt as the counter-party. Stable operating results and debt-free trust.
Please correct me if I am wrong.
(Not Vested)
http://info.sgx.com/webcoranncatth.nsf/V...2002E8D3E/$file/KGT1Q2011.pdf?openelement
1Q FY2011 RESULTS HIGHLIGHTS
1. The profit after tax achieved for the first quarter of 2011 was $3.5 million, 5.4% higher than projection.
2. Earnings per unit (EPU) for the first quarter of 2011 was 0.56 cents.
3. Net asset value per unit as at 31 March 2011 was $1.12.
4. Free cash flow for the quarter was $9.5 million.
Personally, we must remember that KGT is operating as a self liquidating trust since it isn't retaining any income to replenish its assets. As we can see, its NAV has shrunk from $726 million to $704 million. Hence, the true dividend yield is a lot lower. This comes to no surprise since the assets are of high quality with SG Govt as the counter-party. Stable operating results and debt-free trust.
Please correct me if I am wrong.
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.