2015 Q4 was out, here
http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com
Bring the Bads out first:
1. Q4 Tooling Revenue was the weakest compared to Q1-3.
This is a rather big concern to me as generally Q4 & Q1 are seasonally stronger.
It'll be wise to see how 2016Q1 will turn out to be.
Likely to be down on year, will readjust my expectation.
2. After years of calibration & improvement efforts, CMA was still S$1M in the red.
However, noted from the report:
"we completed one of the last phases of our planned S$12 million investment in state-of-the-art equipment to build a 24/7Machining facility at our USA factory".
To be fair, CMA may had contributed positively to the cost reduction & better margin in Tooling's segment due to its 24x7.
The Goods:
1. Final Div of 2c & 1c special div were declared.
That brings the total Div for the year to 5c.
2. Record Full Year Net Profit.
3. Added about S$5M cash, that's after spending S$5M Capex & S$5M Dividend. The Cash machine is well up and humming.
4. As usual, no debt, expansion in 24x7 mainly funded internally or by Vendor.
<vested>
http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com
Bring the Bads out first:
1. Q4 Tooling Revenue was the weakest compared to Q1-3.
This is a rather big concern to me as generally Q4 & Q1 are seasonally stronger.
It'll be wise to see how 2016Q1 will turn out to be.
Likely to be down on year, will readjust my expectation.
2. After years of calibration & improvement efforts, CMA was still S$1M in the red.
However, noted from the report:
"we completed one of the last phases of our planned S$12 million investment in state-of-the-art equipment to build a 24/7Machining facility at our USA factory".
To be fair, CMA may had contributed positively to the cost reduction & better margin in Tooling's segment due to its 24x7.
The Goods:
1. Final Div of 2c & 1c special div were declared.
That brings the total Div for the year to 5c.
2. Record Full Year Net Profit.
3. Added about S$5M cash, that's after spending S$5M Capex & S$5M Dividend. The Cash machine is well up and humming.
4. As usual, no debt, expansion in 24x7 mainly funded internally or by Vendor.
<vested>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
"The flowers that bloom in the spring, have nothing to do with the case".