peacefulday
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all the while I thought is 6%+++ div yield over ipo projected. Also refer to last May18, 3.24c.
NetLink Trust *Official* (SGX:CJLU)
- Thread starter Shion
- Start date
last may 2018, is first time payment of dividends, i think is for 8 mths instead of 6 mths.
expecting same as last year's 3.24c?
That payout was for a longer period from IPO listing date 19/7/17 to 31/3/18.
This 2.44c is for the period from 1/10/18 to 31/3/19.
kehyi4
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https://www.businesstimes.com.sg/companies-markets/netlink-nbn-trust-raises-fy2019-dpu-to-488-singapore-cents
NetLink NBN Trust raises FY2019 DPU to 4.88 Singapore cents
MON, MAY 13, 2019 - 8:52 PM
FIBRE network provider NetLink NBN Trust has called for a distribution per unit (DPU) of 2.44 Singapore cents for the fourth quarter, the manager said, in results released on Monday.
The latest payout takes DPU for the 12 months to 4.88 Singapore cents, compared with 3.24 Singapore cents for the previous full year.
Net profit came in at S$20 million for the three months to March 31, up 30.9 per cent year-on-year, and 11.7 per cent higher than projected in the trust's listing prospectus.
Revenue rose 8.9 per cent to S$87.9 million, which was roughly in line with projections. Turnover came on growth in contributions from residential fibre connections, diversion and ducts and manholes service, even as installation-related revenue was lower than expected.
The top line was up on recognition of revenue from projects, largely for the public sector, as well as the recovery of costs for ducts and manholes from joint-build projects.
NetLink Trust's residential connections were up by 11.3 per cent on the previous year to 1.33 million as at March 31, while non-residential connections increased by 5.4 per cent to 1.19 million, and non-building access point connections stood at 1,587.
Earnings per unit stood at 0.51 Singapore cent, up from 0.39 cent before.
NetLink Trust held its initial public offering (IPO) in 2017, with Singtel shedding its stake from full ownership to 24.99 per cent, in compliance with regulatory obligations.
Stock watchers have touted the trust as a defensive play in Singapore's telecom landscape, especially as the knives come out in the crowded consumer market.
UOB Kay Hian analysts wrote in a report on May 7 that key earnings drivers for the trust include Starhub's decision to move home and pay-television customers from cable to fibre by mid-2019.
NetLink Trust is also expanding its network coverage to new housing estates in Sengkang, Punggol and Tengah, the UOB Kay Hian report noted.
Analysts have also suggested that NetLink Trust could benefit from the impending roll-out of fifth-generation or 5G mobile technology in Singapore, which could tap the provider's fibre connectivity.
"The NetLink Group is monitoring the development of the 5G network in Singapore and will explore opportunities associated with the new market development," the manager said in its outlook statement, with the entry of Singapore's fourth mobile network operator cited as another potential opportunity.
Tong Yew Heng, chief executive of the manager, said in a statement: "Our financial performance and distributions to unitholders have exceeded IPO projections for the year, supported mainly by a strong increase in residential connections and diversion project income.
"For the upcoming financial year, we expect revenues from key connection services to be higher than that of FY2019, driven by higher residential connections and installation-related revenues."
Still, the trust is also looking at a ramp-up in capital expenditure, as the manager said that the group "will continue to invest to expand its network and will also utilise capex reserve on projects that will improve the network's capability and resilience".
NetLink Trust delivered net profit of S$77.4 million for the full year - up by 54.9 per cent on the previous year or 17.8 per cent above projections - on a 54.7 per cent increase in revenue to S$353.6 million, slightly better than expected.
The counter shed half a Singapore cent or 0.6 per cent to S$0.83 before the results were released.
NetLink NBN Trust raises FY2019 DPU to 4.88 Singapore cents
MON, MAY 13, 2019 - 8:52 PM
FIBRE network provider NetLink NBN Trust has called for a distribution per unit (DPU) of 2.44 Singapore cents for the fourth quarter, the manager said, in results released on Monday.
The latest payout takes DPU for the 12 months to 4.88 Singapore cents, compared with 3.24 Singapore cents for the previous full year.
Net profit came in at S$20 million for the three months to March 31, up 30.9 per cent year-on-year, and 11.7 per cent higher than projected in the trust's listing prospectus.
Revenue rose 8.9 per cent to S$87.9 million, which was roughly in line with projections. Turnover came on growth in contributions from residential fibre connections, diversion and ducts and manholes service, even as installation-related revenue was lower than expected.
The top line was up on recognition of revenue from projects, largely for the public sector, as well as the recovery of costs for ducts and manholes from joint-build projects.
NetLink Trust's residential connections were up by 11.3 per cent on the previous year to 1.33 million as at March 31, while non-residential connections increased by 5.4 per cent to 1.19 million, and non-building access point connections stood at 1,587.
Earnings per unit stood at 0.51 Singapore cent, up from 0.39 cent before.
NetLink Trust held its initial public offering (IPO) in 2017, with Singtel shedding its stake from full ownership to 24.99 per cent, in compliance with regulatory obligations.
Stock watchers have touted the trust as a defensive play in Singapore's telecom landscape, especially as the knives come out in the crowded consumer market.
UOB Kay Hian analysts wrote in a report on May 7 that key earnings drivers for the trust include Starhub's decision to move home and pay-television customers from cable to fibre by mid-2019.
NetLink Trust is also expanding its network coverage to new housing estates in Sengkang, Punggol and Tengah, the UOB Kay Hian report noted.
Analysts have also suggested that NetLink Trust could benefit from the impending roll-out of fifth-generation or 5G mobile technology in Singapore, which could tap the provider's fibre connectivity.
"The NetLink Group is monitoring the development of the 5G network in Singapore and will explore opportunities associated with the new market development," the manager said in its outlook statement, with the entry of Singapore's fourth mobile network operator cited as another potential opportunity.
Tong Yew Heng, chief executive of the manager, said in a statement: "Our financial performance and distributions to unitholders have exceeded IPO projections for the year, supported mainly by a strong increase in residential connections and diversion project income.
"For the upcoming financial year, we expect revenues from key connection services to be higher than that of FY2019, driven by higher residential connections and installation-related revenues."
Still, the trust is also looking at a ramp-up in capital expenditure, as the manager said that the group "will continue to invest to expand its network and will also utilise capex reserve on projects that will improve the network's capability and resilience".
NetLink Trust delivered net profit of S$77.4 million for the full year - up by 54.9 per cent on the previous year or 17.8 per cent above projections - on a 54.7 per cent increase in revenue to S$353.6 million, slightly better than expected.
The counter shed half a Singapore cent or 0.6 per cent to S$0.83 before the results were released.
peacefulday
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Bid volume begin accumulates. Hope price can sustain after next week xd
peacefulday
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starfish.starfish
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Moving higher due to XD coming.
This is too general a statement... if you look at past price movement, NLT doesn't always rise before XD and drops after XD. There are so many other factors causing the price movement... NLT gap up in Feb & March... there isn't any CD in these 2 months... how do you explain that then? 
starfish.starfish
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This is too general a statement... if you look at past price movement, NLT doesn't always rise before XD and drops after XD. There are so many other factors causing the price movement... NLT gap up in Feb & March... there isn't any CD in these 2 months... how do you explain that then?
I am vested, and I do hope you are right, but let's see....
Don't get me wrong, I agree with you that usually share price tend to drop after XD. But what I am saying is that there is a strong up trend for NLT since the start of this year, which eclipse the small movements due to CD & XD. I hope I am right too and this momentum will continue too. 
peacefulday
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just received, maybe you can check now
Yay, my dividend is in too! Just in time for holiday trip.
Posted from PCWX using ALP-L29
CaptainTeo
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So 1 lot we received received $48.80 per lot. Am I right?
That is for the total amout for the whole FY. For this round of dividend, you receive only half of that.
CaptainTeo
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Thank you for yr advice.
peacefulday
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Back to pre CD price
Hugh obstacle sell queue disappears follow by buying. Manipulating on-going.
Hugh obstacle sell queue disappears follow by buying. Manipulating on-going.
Luckily is not after every CD it drops by the dividend amount. 0.85 is the 52wk high... now is almost hitting it. Hope it can breech this level soon.
Back to pre CD price
Hugh obstacle sell queue disappears follow by buying. Manipulating on-going.
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