$CityDev (C09.SG)$ addressing the issue of dividends - CDL ...
addressing the issue of dividends
- CDL return to shareholders should be seen from the angle of both a dividend paid and profits being deployed to repurchase stock
- CDL repurchased 13.45m shares earlier this year at an average price of $5.8 and spend a total of 78million SGD on share repurchased
taking the share buyback amount spend and dividend paid of 89.3m for this year, the total amount returned to shareholders is 18.7c/ share translating to a yield of 3.5% excluding cash paid to preference shares off market purchased.
there is also added equity in the share buyback
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I like to identify cheap stocks which is under the radar for SIGNIFICANT UPSIDE and Gains
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524773 : thanks! that does looks a lot better than the meagre cash dividends. I do hope to see good EPS / PE ratio going forward (if I haven't recycle this counter by then ) hehe I hope to be able to sell some off in the coming months.. time for it to move I hope...
ValueBull OP 524773 : I think it's just a mathematical logic forecasting the fundamentals of CDL.
Basically you have a profit margin from their operations and development projects.
the kicker is the interest rates and foreign exchange.
USD DOWN and Interest rates DOWN are TAILWINDS
GBP UP and SGD down are HEADWINDS
the reverse is true.
in CDL case, USD is down, GBP is up and Interest are down.
so there is triple kicker for CDL this year
104163209 : Pertaining to dividend, CDL paid $CityDev (C09.SG)$ 10cents =1.89% TTDY, which is lower than bank TD%.
Correct me if I am wrong.
ValueBull OP 104163209 : again it's very misleading to look at dividend yield. Dividend and cash return to shareholders can be in the form of cash and non cash return. total shareholder return is 3.5%
ValueBull OP 104163209 : CDL is better than your fixed deposit because the properties held by CDL will appreciate in line with inflation
KB trader ValueBull OP : Value trap… i have said it when it was 6ish… what’s the outlook if senior kwek no Ionger helms.. dim i see.
ValueBull OP KB trader : Sherman Kwek may have screwed up the china deal, but that doesn't mean he cannot get better. please give him credit for securing the Zion Road GLS site at 1.2k psf. this site will earn higher profit margins for CDL