Generous dividend payout counter

edwinjup
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9 years 9 months ago #20471 by edwinjup

Generous dividend payout counter was created by edwinjup

Weehur payout more than 50% profit as dividend or minimum 2cents per year since listed. With strong earning from premier@kaki bukit and urban residences top, and progressive earning from parc centros and operation of Singapore largest worker dormitory in August , we can expect a special dividend on top of the usual 2 cents. I expect dividend yield will be double digits based on current share price....enjoys

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flyersummer
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9 years 8 months ago #20507 by flyersummer

Replied by flyersummer on topic Generous dividend payout counter

Quoted from www.sharejunction.com/sharejunction/list...=11300&recordCount=0

In 2011, the Group adopted INT FRS 115 - Agreements for the Construction of Real Estate that was issued with an Accompanying Note that considers the application of the interpretation for uncompleted residential projects under Singapore legal framework.

INT FRS 115 clarifies when revenue and related expenses from a sale of a real estate unit should be recognised if an agreement between a developer and a buyer is reached before the construction of the real estate is completed. INT FRS 115 determines that contracts which do not classify as construction contracts in accordance with FRS 11 - Construction Contracts can only be accounted for under the percentage of completion (POC) method if the entity continuously transfers to the buyer control and the significant risks and rewards of the work in progress in its current state as construction progresses.

Upon the adoption of INT FRS 115, the Group continues to recognise revenue and profit based on POC method for sale of residential development properties under the progressive payment scheme in Singapore.

If the percentage of completion (POC) method across the board had been continued, the Group's financial results for 2013 would have been:-

Statement of Profit or Loss and Other Comprehensive Income S$' 000
Revenue 500,105
Cost of work done 365,862
Gross profit 134,243
Income tax expense 18,695
Net profit for the period 92,313
Net profit attributable to Equity holders of the Company 59,693

The following user(s) said Thank You: edwinjup

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bang_pv
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9 years 1 month ago #21959 by bang_pv

Replied by bang_pv on topic Generous dividend payout counter

Weehur announced 2 cents dividend as usual, despite of blockbuster profit. Is that the reason why the market disappointed after the earning announcement?

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potatolover
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9 years 1 month ago #21964 by potatolover

Replied by potatolover on topic Generous dividend payout counter

Yes, Wee Hur is quite hopeless. It is trading above book value and it is going back down to where it came from...

below 30 cents!!!

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bang_pv
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9 years 1 month ago #21966 by bang_pv

Replied by bang_pv on topic Generous dividend payout counter

Weehur is trading AT book value not, based on the 2015 Balance Sheet. And cash is $260m, hence it's quite safe, in my opinion.

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zane
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9 years 1 week ago #22068 by zane

Replied by zane on topic Generous dividend payout counter

How about World Precision Machinery?

Interim dividend 10 RMB cent. Coming soon, final dividend 10 RMB cent. Total 20 rmb cents = 4.25 sgd cents = 12.5% yield.

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