Results improving at Transit-Mixed Concrete
company over the last six months.
Revenue +21%, Profit +68%.
Cash flow improving from –ve $1.1 mil to –ve
$417k; yes, it is using bank overdraft facilities.
Cash generated from operating activities at
$2.24 mil versus previous year at $861k.
Capex jumped to $1 mil from $260k previous
year so, we still have a free cash flow situation.
Final dividend $0.015 declared versus $0.01
for last year.
Per latest last done price of $0.34 and in
the last five years, total dividend in 2013 at $0.025 so, dividend yield at 7.4%;
highest dividend was in 2009 of $0.035 (dividend yield 10.3%), lowest dividend
was in 2012 of $0.02 (dividend yield 5.9%).
Market cap around SGD 24 mil
Very small average volume 1k so, it is
really for long term investing.
It can be considered a family run business
with share holding above 70%.
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