HOOT
Very good analysis of Baker
it has distributed more dividends back in the last 4 years combined than its current market capitalisation
When it comes to actually doling out the cash, Baker Tech has also proven to be no slouch. For the period of FY2012 to FY2015, dividends paid and declared totaled about S$148 million. This includes FY2012 and FY2013, when the company distributed S$132 million in total to shareholders, funded partially by proceeds from disposals of York Transport, PPL as well as Discovery Offshore. It has also paid no less than 2.5 S cts per share in dividends (adjusted for the 5 to 1 share consolidation in 2016) since FY 2008. By comparison, the company' s shares currently trade at just S$0.555 for a market capitalisation of S$112.6 million.
Being in the oil and gas services industry, Baker Tech has not been spared the negative sentiments permeating from Swiber&rsquo s initial winding-up announcement after market closed on 27 July 2016. Over the next 7 trading days that followed, Baker Tech&rsquo s share price plunged 14%. Although other oil and gas services counters such as Ezra (-23%), Ezion (-12%) and Swissco (-25%) experienced similar sharp declines, Baker Tech stands out as it has a much stronger balance sheet. While the aforementioned oil and gas services companies all sported high gearing levels, not only is Baker Tech debt free but it also has a cash pile of S$113.2 million in addition to another S$7.8 million in corporate bond holdings. This gives it a net cash backing of S$0.558 per share, slightly higher than its last traded price of S$0.555. Adding the corporate bond holdings will give it a mostly liquid asset backing of almost S$0.596 or a 7% premium over its current share price.
PRIVATIZE !!! PRIVATIZE !!! PRIVATIZE !!!!
CEO ALREADY OWNS 51% OF COMPANY !!! LET' S SHOUT FOR PRIVATIZATION WHEN SHARE PRICE SO FAR BELOW NTA
| Benety Chang | 104,696,348 | 51.61% |
| Yang Guan Tan | 4,128,554 | 2.03% |
| OCBC Securities Private Limited, Securities Arm | 3,621,508 | 1.79% |
| Anthony Aurol | 3,127,135 | 1.54% |
| Toon Chew Chiam | 1,646,600 | 0.81% |
68cents ALL SCOPPED UP !!!!
CEO ALREADY OWNS 51% OF COMPANY !!! LET' S SHOUT FOR PRIVATIZATION WHEN SHARE PRICE SO FAR BELOW NTABenety Chang
104,696,348
51.61%Yang Guan Tan
4,128,554
2.03%OCBC Securities Private Limited, Securities Arm
3,621,508
1.79%Anthony Aurol
3,127,135
1.54%Toon Chew Chiam
1,646,600
0.81%
THE ONLY STOCK THAT IS UNDERVALUED AND GOING UP !!!
100m will soon finish if he don't do anything about it.
CEO ALREADY OWNS 51% OF COMPANY !!! LET' S SHOUT FOR PRIVATIZATION WHEN SHARE PRICE SO FAR BELOW NTA
| Benety Chang | 104,696,348 | 51.61% |
| Yang Guan Tan | 4,128,554 | 2.03% |
| OCBC Securities Private Limited, Securities Arm | 3,621,508 | 1.79% |
| Anthony Aurol | 3,127,135 | 1.54% |
| Toon Chew Chiam | 1,646,600 | 0.81% |
PRICE BOTTOMED AND WELL SUPPORTED
Good point and currently Bakertech has cash / no actual business for long term growth .
Best is he sell off this business....but control in his hand? ( hope not another Promet)
Baker Tech boss is Benety Chang, a brother of Bryan Chang. Some people dislike Bryan Chang because they lost a lot of money in Promet. Wonder how similar is Benety Chang to his brother. I am holding Baker shares because I think the company has a lot of precious assets, including mostly cash and a liftboat. But the intention of Benety Chang is still not clear.
I know that. So the control is in Benety Chang' s hands. We must pray he does not screw the minority shareholders.
CEO and spouse already own around 50% of Baker Technology
CEO and spouse already own around 50% of Baker Technology
Baker Tech boss is Benety Chang, a brother of Bryan Chang. Some people dislike Bryan Chang because they lost a lot of money in Promet. Wonder how similar is Benety Chang to his brother. I am holding Baker shares because I think the company has a lot of precious assets, including mostly cash and a liftboat. But the intention of Benety Chang is still not clear.
