Meghmani Organic SDS cd be a good pick for 2014 with strong profit turnaround over last 2 qtrs:
2Q13: 1.247c per share
3Q13: 2.155c per share
2 new factories [one pigment pdn and another JV on choride pdn] started commercial pdn in 4Q13 (Jan 2014). Mgt announced both factories wd contribute positively and we shd expect a gd 4Q result to be out in Apr 14.
Meghmani has been giving out div consistently over the years since listing. Div were usually high in most yrs except bad yrs in 2008, 2011 n 2012 [still quite decent of 2.8% yield]:
2004: 1.1336 cts
2005: 1.3225 cts
2006: 1.3603 cts
2007: 1.1336 cts
2008: 0.0125 cts
2009: 1.5115 cts
2010: 1.5120 cts
2011: 0.3780 cts
2012: 0.3780 cts
With strong turnaround, guess the cmy should announce a generous div in Apr 14.
gangho wrote: Meghmani Organic SDS cd be a good pick for 2014 with strong profit turnaround over last 2 qtrs:
2Q13: 1.247c per share
3Q13: 2.155c per share
2 new factories [one pigment pdn and another JV on choride pdn] started commercial pdn in 4Q13 (Jan 2014). Mgt announced both factories wd contribute positively and we shd expect a gd 4Q result to be out in Apr 14.
Meghmani has been giving out div consistently over the years since listing. Div were usually high in most yrs except bad yrs in 2008, 2011 n 2012 [still quite decent of 2.8% yield]:
2004: 1.1336 cts
2005: 1.3225 cts
2006: 1.3603 cts
2007: 1.1336 cts
2008: 0.0125 cts
2009: 1.5115 cts
2010: 1.5120 cts
2011: 0.3780 cts
2012: 0.3780 cts
With strong turnaround, guess the cmy should announce a generous div in Apr 14.
April now. Time to start buying and wait for 4q result
gangho wrote: Meghmani Organic SDS cd be a good pick for 2014 with strong profit turnaround over last 2 qtrs:
2Q13: 1.247c per share
3Q13: 2.155c per share
2 new factories [one pigment pdn and another JV on choride pdn] started commercial pdn in 4Q13 (Jan 2014). Mgt announced both factories wd contribute positively and we shd expect a gd 4Q result to be out in Apr 14.
Meghmani has been giving out div consistently over the years since listing. Div were usually high in most yrs except bad yrs in 2008, 2011 n 2012 [still quite decent of 2.8% yield]:
2004: 1.1336 cts
2005: 1.3225 cts
2006: 1.3603 cts
2007: 1.1336 cts
2008: 0.0125 cts
2009: 1.5115 cts
2010: 1.5120 cts
2011: 0.3780 cts
2012: 0.3780 cts
With strong turnaround, guess the cmy should announce a generous div in Apr 14.
Share price started to firm up. Let's see how the 4Q result looks like soon
4Q14 net profit of 0.53c per share; contributed to steady yoy profit growth to EPS3.4c from EPS 2.6c in 2013. Mgt announced a div of 0.378c, which is unchanged from 2013.
Share price has been steadily going up from about 7c to now 9c, about 28% gain.
Started the new FY with a solid EPS of 1.17c and strong operating cash flow of $25m. Look like Meghmani wd start to pare down debt as capex would be tapering off for next few yrs since new plants are all completed.
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