04-06-2014, 10:11 AM
There hasnt been any discussion/Coverage on this company, lets have some insights on this company and start up a discussion on this coy. Gather your inputs here! Coverage on this company is limited, so fellow buddies invested in this counter, feel free to share you thoughts.
* Background from SGX website:
The Company (formerly known as Freight Links Express Holdings Limited) was incorporated in Singapore on 8 January 1986. The Group started with Freight Links Express Pte Ltd, a freight forwarding company in Singapore on 9 January 1981. It served a niche market by providing cargo consolidation, or less-than-container-load transport services. Today, it has become an integrated logistics solution provider.
It has since grown and is now focused on three core businesses – Logistics, Financial Services and Real Estate.
Logistics comprise of international freight forwarding, chemical storage and logistics, warehousing and distribution, documents storage and management. The Group has worldwide presence spanning Asia, North & South America, Europe, Africa and Australia. It has 120 freight forwarding agents and delivers to 600 destinations globally with overseas offices in major cities in Malaysia, Thailand, Hong Kong, Korea, China and Dubai.
The financial services include the business of fund management, financial leasing services and asset and trust management whilst the real estate include business of property management services and real estate development.
The Group provides real estate fund and property management services to Sabana Shari’ah Compliant Real Estate Investment Trust (in short Sabana REIT) through its majority control of Sabana Investment Partners Pte Ltd.
Some pointers for this company:
1) High dividend yield for the past few years, 5 cents in 2013, current stock price @ $0.104
2) Company inititated a share buy back @ 10 cents recently in May
3)Vibrant Group Ltd's total free cash flow for the three months ended in Jan. 2014 was $-2.4 Mil. Its total free cash flow for the trailing twelve months (TTM) ended in Jan. 2014 was $-73.3 Mil.
4) 3rd Quarter results
http://infopub.sgx.com/FileOpen/Vibrant_...eID=286062
* Background from SGX website:
The Company (formerly known as Freight Links Express Holdings Limited) was incorporated in Singapore on 8 January 1986. The Group started with Freight Links Express Pte Ltd, a freight forwarding company in Singapore on 9 January 1981. It served a niche market by providing cargo consolidation, or less-than-container-load transport services. Today, it has become an integrated logistics solution provider.
It has since grown and is now focused on three core businesses – Logistics, Financial Services and Real Estate.
Logistics comprise of international freight forwarding, chemical storage and logistics, warehousing and distribution, documents storage and management. The Group has worldwide presence spanning Asia, North & South America, Europe, Africa and Australia. It has 120 freight forwarding agents and delivers to 600 destinations globally with overseas offices in major cities in Malaysia, Thailand, Hong Kong, Korea, China and Dubai.
The financial services include the business of fund management, financial leasing services and asset and trust management whilst the real estate include business of property management services and real estate development.
The Group provides real estate fund and property management services to Sabana Shari’ah Compliant Real Estate Investment Trust (in short Sabana REIT) through its majority control of Sabana Investment Partners Pte Ltd.
Some pointers for this company:
1) High dividend yield for the past few years, 5 cents in 2013, current stock price @ $0.104
2) Company inititated a share buy back @ 10 cents recently in May
3)Vibrant Group Ltd's total free cash flow for the three months ended in Jan. 2014 was $-2.4 Mil. Its total free cash flow for the trailing twelve months (TTM) ended in Jan. 2014 was $-73.3 Mil.
4) 3rd Quarter results
http://infopub.sgx.com/FileOpen/Vibrant_...eID=286062