Second Chance   

good divident yield

1234567, you only one buying this counter, i will give it a secondchance, and it look good, but after second chance look, this one not liquid, so if you buy for dividend, then it is the second thing .

 

Next earning report on 9 Nov 2011.

 

Cum Dividend ...

 

0.40cts...

 

SINGAPORE: Mainboard-listed Second Chance Properties posted a net profit rise of 88 per cent to S$30 million for its full-year.

The Group said it was mainly due to its property segment, followed by its apparel and securities investment segments.

Despite its performance in its property segment, which took in S$13.5 million, Second Chance said it will not be purchasing properties " for the time being" in light of the uncertainty in the global economic situation.

Second Chance's CEO, Mohamed Salleh, added: " We don't want to be caught buying property before a possible crash. This is a temporary situation we're going into."

Instead, the company will turn to focus on its apparel business which will likely " remain profitable" and lead to a lower level of debt.

Second Chance said it will put the company in a stronger financial position to take advantage of opportunities to purchase distress properties in a potential crisis.

For FY'2011, apparel contributed a revenue of S$19.86 million, an increase of 10 per cent, year-on-year (y-o-y). Properties contributed a revenue of S$9.57 million, an increase of 18.3 per cent y-o-y.

A dividend of 3.2 cents has been proposed for the period.

- CNA/ck

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C0EC6169069B3267482578F8003313FF/$file/2C-FY2011-FY-Results-Press-Rel.pdf?openelement

The Board of Directors of Second Chance Properties Ltd is pleased to announce the
unaudited results of the Group for the full year ended 30 June 2011.
Highlights
• Record et Profit after tax of $30 million
• High & Increasing Dividend
• Billion Dollar Vision
• Fraud Prevention
• o. 19 to o. 22 of Frequently Asked Questions
Full-Year Profit
The Group net profit after tax increased by $14 million or 88% to $30 million in FY
2011 as compared to FY 2010. With the exception of the Gold segment’s slight
decrease in profit, all other divisions showed increased profits. The main increase arose
from the profit of $13.5 million in fair value gains of investment properties, followed
by apparel and securities investment segments.
Dividend
The Group has consistently distributed increasingly higher dividends over the years and
for FY2011, the Directors are recommending a tax-exempt (one-tier) dividend of 3.2
cents (4.0 cents, if computed based on pre-bonus issue) subject to shareholders’
approval at the upcoming AGM. As at 30 June 2011, the Group has $95.0 million in
retained earnings, which can be distributed as dividends.

 

 

 

 

 

Past Dividend:

(S$,'000)	2006	2007	2008	2009	2010
Dividend (net)	2.4cps	2.7cps	3.0cps	3.5cps	3.8cps

 

Today (26 Aug) is the FY2011 FULL YEAR FINANCIAL STATEMENTS ANNOUNCEMENT ... watch out ! 

 

Ooops.....this stock is affected by recent US credit debt issue ! Wonder if the earning report on Aug 26 would give a helping hand on the stock price !

 

FY2011 FULL YEAR FINANCIAL STATEMENTS ANNOUNCEMENT
– EXPECTED DATE OF RELEASE


The Board of Directors of Second Chance Properties Ltd (the “Company”) is pleased to announce that the Company would be releasing its unaudited Financial Statements Announcement for the full year ended 30 June 2011 on 26th August 2011.


BY ORDER OF THE BOARD
SECOND CHANCE PROPERTIES LTD

Seah Hai Yang
Company Secretary

 

c'mon...moveeeeeeeeee...so slow.... some more got golden chance this one...haiz....

 

WHEn can sell??? when report dividend?

 

0.42cts ... 

 

when profits announced and got div boh??? 

 

0.40cts now ... 

 

 

 

 

 

 

 

SINGAPORE : Comeback king crowned Berita Harian Achiever of the Year 2011

Singapore, 13 July 2011 – Overcoming a business failure once is difficult enough, but doing it for a second time after the first business fails calls for a certain type of fortitude.

Mohamed Salleh Marican did just that, and in the process, led his company to become the first Malay/Muslim-owned firm to be listed on the Singapore Exchange (SGX) Main Board. It is also this drive that has won him the prestigious Berita Harian Achiever of the Year Award 2011.

Salleh received the award at tonight at the Shangri-La Hotel Singapore from Mr Lui Tuck Yew, Minister for Transport.

The annual award, now in its 13th year, is organised by Singapore Press Holdings’ Malay daily, Berita Harian. It honours Malay/Muslim individuals for their achievements in their chosen fields, be it education, business, arts and culture, sports, the professions or social work. The qualities that the judging panel looks for include perseverance, determination, the ability to overcome odds and integrity. Above all, the winner must be a role model for the Malay/Muslim community in Singapore.

The winner of the award is picked by a panel of seven judges from the Malay/Muslim community in Singapore, headed by Mr Wan Hussin Zoohri, President of LBKM (Prophet Muhammad Birthday Memorial Scholarship Fund Board).

Salleh’s journey to success had an inauspicious start, with a tailoring business at Peninsula Plaza failing after just four months in 1974. When he set up his next business the following year, he named it Second Chance to reflect his second shot at success.

By 1988, Second Chance was a household name in menswear with 18 stores, and Salleh even won the Malay Businessman of the Year award that year. However, that ironically caused sales to dip as customers previously had the impression that Second Chance was a western, rather than local, brand. Salleh quickly responded by diversifying his business into traditional Malay ladieswear and gold jewellery with First Lady and Golden Chance respectively.

The business was further diversified when Salleh began a systematic accumulation of properties at attractive prices, building up a sizeable portfolio. The company now has more than 70 properties, including three in Kuala Lumpur, with a combined value of around $150 million.

Now known as Second Chance Properties Ltd (SCP), the retail-cum-property group was listed on Sesdaq in 1997 and made it to the SGX Main Board in February 2004. Last year, the company's rental income totalled more than $10 million, with a net profit of $9.2 million. It was ranked 298 out of 802 firms listed on the board, based on market capitalisation.

Today, Salleh is the Chairman and Managing Director of SCP, which recorded an $11.33 million net profit for the first nine months of its financial year that ended in March 2011. SCP’s successful retail arm also has branches in most Malaysian states.

Since the formation of Tabung Amal Aidilfitri (TAA) in 1992, Salleh has been a regular contributor to the Charity fund with yearly donations. To date, he has contributed hundreds of thousands of dollars to the fund, which was set up to help needy Malay/Muslim families.

http://www.4-traders.com/SINGAPORE-PRESS-HLD-6491128/news/SINGAPORE-Comeback-king-crowned-Berita-Harian-Achiever-of-the-Year-2011-13709752/

 

 

Price increasing, but no interested buyers... tea444 heard from who that profits huge?

 

Can expect dividends again? heard that profits will be big this time round...

 

 

 

Q4 Quarter report in Aug 2011 ....  something good  soon ...    !!

 

Q3 report on May 9 2011 .....