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Boustead
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Boustead on the move now
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winsontkl
Elite |
07-Dec-2009 23:17
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Thanks ... interesting ...waiting for Part 3 ....
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musicwhiz5
Senior |
04-Dec-2009 21:34
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Dear all, Part 2 of Boustead's 1H FY 2010 Analysis and Review has been posted on my blog. Please feel free to visit and leave comments. Thanks! 
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Bintang
Elite |
26-Nov-2009 08:57
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Boustead is now well below its 55MA n 100MA , ADX is rising while directional movement index is negatively placed ,the trend would go down further to fill the gap at 63 cents n 60.5 cents gradually .
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musicwhiz5
Senior |
26-Nov-2009 07:48
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Dear all, Part 1 of Boustead's 1H FY 2010 Analysis and Review has been posted on my blog at http://sgmusicwhiz.blogspot.com. Please feel free to visit and leave comments. Thanks! 
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Bon3260
Supreme |
23-Nov-2009 20:34
Yells: "Ooo Ooo Aaa Aaa!" |
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Boustead SP's hits vol. 724 today. Hope tmr'll hit vol. 1,000 & abv... XD'll b on 01-Dec-2009. Hope pple'll fried (炒). Lets pray... ('',) |
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samyen
Member |
16-Nov-2009 10:26
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Boustead is cheonging soon...watch out.... | ||||
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musicwhiz5
Senior |
13-Nov-2009 14:21
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Some comments on the latest results and the business:- The market valuation hasn't accounted for the earnings to be accrued from this Libyan project yet. It's too early at this stage and supposed to be accretive only in FY 2011. Cancellation will mean Salcon will have to look for other revenue sources, but they should still manage to turn around by end-FY 2010. Short-term wise it may be bad news, but no long-term impact as Salcon's business has traditionally been slow. Boustead relies on other divisions for their cash flows (e.g. Real-Estate and Geo-Spatial). Boustead has 4 major divisions and each division is unique and has its own characteristics. The weakness is that 3 out of 4 divisions are contract based, and Geo-Spatial is the only certified "cash cow" of the 4 divisions, with very high margins and steady revenues (though they are in AUD). Now that Boustead has decided to release PBT information along with revenue breakdown, it means one can see what the net margin is for each division by comparing year-on-year, and also which division gives the best margins. I have not looked at the numbers in detail so am unable to comment on this as yet. The good thing about the business (for now at least) is that it is generating positive cash flows, and the cash kitty is ever increasing for Boustead. Cash stands at $190M now, net cash is about $163M or 32.3 cents per share. As to what they intend to do with the cash, I do not know. However, M&A is very likely though knowing FF Wong's conservative nature, it will NOT be an LBO like what OSIM did with Brookstone. An M&A would have to be earnings and cash flow accretive, as well as be synergistic with their current business and going at a very good valuation for the Chairman to consider it. The interim dividend of 1.5c per share was not a big surprise, as the Company has traditionally been able to pay steady dividends even amid difficult conditions. While conditions are unlikely to improve significantly over the next 6 months, one's time horizon should be a few years in order to fully realize the value of good management and strong foundational reputation of the company. Just my views. :D |
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jeremyow
Senior |
13-Nov-2009 13:52
Yells: "Passionate business investor" |
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Good thing one is not afraid of waiting.....Just afraid that it never realised one's forecast......Usually riches are made in the not so obvious......Low profile company that is excellent but otherwise neglected by the general consensus.....Growing the business steadily and not being noticed.......Then, comes the moment when true worth shows and no one can still choose to neglect it anymore, remaining a fool forever.......<Price does follows the true worth of a business eventually and the wait can be long........No one will eventually want to trade an excellent business that has show it's true worth for peanuts unless he is nuts....> Such is the success of the patient astute investor that looks at the true worth of a business and is not concerned with short-term price movements......What he wants is to reap a longer term substantial returns rather than short-term gains.......Sometimes, he may not make it the end. But, as long as there is just one correct judgement of a business's worth that he recognises, and he has prepared himself by accumulating a substantial amount of part-ownership in the business through investing in the shares of the business, off he goes grinning from ears to ears quietly that he has made it finally after long period of enduring wait and hard work at monitoring the growth of the excellent business to it's final true worth.......... |
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Philgoh57
Member |
13-Nov-2009 12:24
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BOUSTEAD FINANCIAL RESULTS ANNOUNCEMENT FOR 2Q FY2010 ENDED 30 SEPTEMBER 2009 1H FY2010 revenue +10.8%, net profit +33.4% http://boustead.listedcompany.com/newsroom/20091112_172014_F9D_9E76F3FA89C9DFF14825766C001237D3.1.pdf |
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samyen
Member |
13-Nov-2009 11:13
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Superb Result..plus 1.5 cent divident....wow......
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Livermore
Master |
08-Oct-2009 12:35
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Win best award but cannot move also no point. If you have limited cash and park your money here, you lose opportunity cost in other counters
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Philgoh57
Member |
08-Oct-2009 12:17
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BOUSTEAD RECEIVES “MOST TRANSPARENT COMPANY AWARD” AT SIAS INVESTORS’ CHOICE AWARDS 2009 Singapore, 8 October 2009 http://boustead.listedcompany.com/newsroom/20091008_075437_F9D_F69D87EC5470486D4825764800233F5D.1.pdf |
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soyabean
Member |
01-Oct-2009 22:43
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any chartists to share the key support levels? | ||||
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winsontkl
Elite |
26-Sep-2009 00:19
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Luv the positive comments ..... seems like on the right track to invest in this counter.... |
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jeremyow
Senior |
25-Sep-2009 03:21
Yells: "Passionate business investor" |
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One of the longest established company with many decades of business experience. Being able to still exist after so many years speak volumes of the continuity of its businesses and excellent management. | ||||
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musicwhiz5
Senior |
25-Sep-2009 02:53
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Probably Boustead will be able to pay a decent interim dividend when results are announced in mid-Nov 2009. The company is cash-rich and I would expect its divisions to perform stably compared to last year. Profits will definitely be down in the absence of gains from sale of leasehold property, which was present in the last 5 financial years. The Management is top-notch and the Chairman is very candid about the Company's performance, which is a good thing. Been vested since September 2006, so this is my third anniversary as a shareholder. Averaged down in October 2008 and also March 2009 to lower my overall average cost. Am hoping for more clarity on their Libyan project and hopefully Salcon can turn the corner this financial year. Cheers. |
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winsontkl
Elite |
20-Sep-2009 21:39
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Good ... then can slowly accumulate for long term investment with constant dividend return... Probably monitor for now and plan to start accumulating when it reach 80 cents ... any comments???
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Livermore
Master |
20-Sep-2009 09:42
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Nominee for tortoise of the year | ||||
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Bon3260
Supreme |
20-Sep-2009 08:57
Yells: "Ooo Ooo Aaa Aaa!" |
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On e 18.09.2009 (Fri), Dow index rose 36.28 pts. But STI index dropped 24.69 pts. If 21.09.2009 (Mon) Dow index drops, STI index might expect drop on 22.09.2009 (Tue). Unless Dow index has again up on Mon, and STI index might can reach 2,700 pts on Tue. Once STI index reaches 2,700 pts... Everybody'll hv confidents 2 invest so every counter has a chance 2 go up again... ('',) As for tis Boustead SP, actually it's gd only 4 long term investment & not 4 ctr play (my opinion only). |
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winsontkl
Elite |
20-Sep-2009 00:11
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Anyone looking at this ..interesting counter, any comments? | ||||
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