Dividends from 0.5 to 0.8 to 1 cents now!
Company still in net cash but revenue sharp drop.
finally reverse fortune...
Recent result is almost back to pre-covid.
2016 EPS was 0.65
2017 EPS was 3.19
2018 EPS was 1.59
2019 EPS was 0.44
2020 EPS was 0.41(notes on changes of 300k~)
2021 EPS was 1.05
2022 EPS is 1.45 (6mth)
Profit
2016 was 2,507,000
2017 was 7,893,000
2018 was 4,275,000
2019 was 777,000
2020 was 1,184,000 (notes on changes of 300k~)
2021 was 2,648,000
2022 is 3,661,000 (6mth)
Revenue
2016 was 126,228,000
2017 was 97,172,000
2018 was 75,152,000
2019 was 30,328,000
2020 was 33,751,000 (notes on changes of 300k~)
2021 was 55,855,000
2022 is 25,426,000 (6mth)
Dividends
according to
https://www.dividends.sg/view/5UO
2016 Nil
2017 0.005
2018 0.008
2019 0.01
2020 Nil
2021 0.005
2022 0.01 (interim)
Their dividend of 0.01 for 2022 is only interim dividends, which can only mean there might be more coming...
An interim one-tier tax exempt dividend of S$0.01 per ordinary share amounting to $2,523,486 in respect of the financial period ended 31 January 2022 has been recommended. No dividend was declared for the financial period ended 31 January 2021.
Looking at their Revenue for 6 mth...
4,090,000 vs the same period last year of 2,801,000, a 46% increase.
Then look at their profit
3,661,000 (6mth) vs 2,648,000 (FY), wahseh... what do you think the FY result will be?
No wonder they can give 1c dividends now, given their 6 mth result is 3x last year and 1.5x last year FY result already...