Ok they have repaid debt with their money from Colombo road. Thats ok. Retail making profit again but at the expense of the finance company. Not glamorous... but at 56 cents a dividend of 3.5 cents per year (unimputed) and EPS (normalised at about 8cps?) is worth holding onto for now....
NTA of 90 odd cents as well gives a bit of a buffer.
Ok they have repaid debt with their money from Colombo road. Thats ok. Retail making profit again but at the expense of the finance company. Not glamorous... but at 56 cents a dividend of 3.5 cents per year (unimputed) and EPS (normalised at about 8cps?) is worth holding onto for now....
NTA of 90 odd cents as well gives a bit of a buffer.
Hard work indeed Percy, but with the finance company, if they can make $4 per annum (8cps) on a 56 cent stock, is still a 14.28% return on investment. And I am happy enough with that.
Hard work indeed Percy, but with the finance company, if they can make $4 per annum (8cps) on a 56 cent stock, is still a 14.28% return on investment. And I am happy enough with that.
Haha fair enough. I meant to say $4 "million". Anyway have a good Christmas and New Year. Seems SCY have their work cut out but if they keep going as is I will continue holding.
Following and very happy with what came out Friday. two or more such results (showing increased sales and profits) and this stock will be well over $1
Be a little careful.
Sales revenue went from $210.6 mil to $211.6mil.So sales are flat.
Also read note 15.
Trading profit of $4mil included $1.8mil from sale of property,leaving $2.2mil which is just over 1% of sales.Too low.
A lot of adjustments to be made.
Be a little careful.
Sales revenue went from $210.6 mil to $211.6mil.So sales are flat.
Also read note 15.
Trading profit of $4mil included $1.8mil from sale of property,leaving $2.2mil which is just over 1% of sales.Too low.
A lot of adjustments to be made.
I did see that, but what I meant was that if they can keep making profit from trading (and not taking $ from the finance business) then this will go over $1. The market will have to have a few years of consistency for this to occur though. But a lot better this time than what I was expecting
Cheers for the caveat Percy! (in the meantime I am happy with the last 3 or 4 years 3.5 cents fully imputed annual dividend)
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