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COMFORT DELGRO - MOVING FORWARD Post Reply Rate topic
Conman Elite	13-Aug-2022 12:21        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buradin, this special dividend is from the sale of its Alperton properties in London. You get 1.41 cents but the properties are gone from the company ledger forever. Nevermind. There are still 34,000 vehicles to make up to its NAV. Buradin      ( Date: 12-Aug-2022 22:55) Posted: Tks for info. Special dividend is always a happy thing for shareholders. My brother in arms Entropy should be happy too. 😊 TikTalk      ( Date: 12-Aug-2022 17:42) Posted: Interim and Special Dividend For the half year ended 30 June 2022, there was a one-off exceptional gain of $30.5 million from the disposal of the Alperton property in London which resulted in net profit attributable to shareholders of $118.7 million. Excluding this exceptional gain, net profit was $88.2 million. As the Company is in a healthy net cash position with stable forecasted cashflows, it is proposed that the full net gain from that disposal be returned to shareholders in the form of a one-off special dividend. As such, the following dividends are proposed: - A tax-exempt one-tier interim dividend of 2.85 cents per ordinary share representing a Dividend Payout Ratio (&ldquo DPR&rdquo ) of 70.0% of the underlying net profit of $88.2 million for the half year just ended and - A tax-exempt one-tier special dividend of 1.41 cents per ordinary share representing a DPR of 100.0% of the net gain on disposal of Alperton property in London of $30.5 million. The proposed DPR for 1H2022 on underlying profits of 70% is consistent with the DPR for 2021 and is in line with our DPR policy which is to declare a DPR of at least 50%. PreCOVID, the interim DPR for 2019 was 67%.
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Entropy72 Master	13-Aug-2022 08:58        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ah yes, the rental waivers in 2021 might explain why taxi revenue increased in 2022 despite a reduction in fleet size. Or it could be that the fleet size refers to physical fleet rather than leased out fleet. CDG might not do a full replacement for older taxis that reached end of life hence physical fleet size reduces while leased out fleet size grows. Buradin      ( Date: 13-Aug-2022 02:39) Posted: U are right in the decline in taxi numbers. Hmm then the lower taxi revenue could be due to the rental waivers that was given by CDG last year on top of government reliefs. Entropy72      ( Date: 13-Aug-2022 02:07) Posted: According to LTA stats (https://www.lta.gov.sg/content/dam/ltagov/who_we_are/statistics_and_publications/statistics/pdf/P2P_info_2022.pdf), CDG taxi fleet has declined from 7200 in Jan 21 to 6500 in Jun 22. I guess ride hail revenue is factored under its Taxi segment and supporting its growth? If so, the growth rate do ride hailing is interesting to watch.
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Buradin Veteran	13-Aug-2022 02:39        Buradin About Contact  Quote this Post!
x 0   x 0  Alert Admin	U are right in the decline in taxi numbers. Hmm then the lower taxi revenue could be due to the rental waivers that was given by CDG last year on top of government reliefs. Entropy72      ( Date: 13-Aug-2022 02:07) Posted: According to LTA stats (https://www.lta.gov.sg/content/dam/ltagov/who_we_are/statistics_and_publications/statistics/pdf/P2P_info_2022.pdf), CDG taxi fleet has declined from 7200 in Jan 21 to 6500 in Jun 22. I guess ride hail revenue is factored under its Taxi segment and supporting its growth? If so, the growth rate do ride hailing is interesting to watch. Buradin      ( Date: 13-Aug-2022 00:07) Posted: Actually for the taxi segment, if we compare it with 2H 2021 instead of 1H 2021, there is an uptick of leasing. And taxi operating profit trended upwards also due to lower operating cost. But I agree that it is not exciting, more importantly not making losses. Also agree on the potential bright spots, especially the EV infra, CDG should stick it in and push for 50% of market share (very profitable).
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Entropy72 Master	13-Aug-2022 02:07        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	According to LTA stats (https://www.lta.gov.sg/content/dam/ltagov/who_we_are/statistics_and_publications/statistics/pdf/P2P_info_2022.pdf), CDG taxi fleet has declined from 7200 in Jan 21 to 6500 in Jun 22. I guess ride hail revenue is factored under its Taxi segment and supporting its growth? If so, the growth rate do ride hailing is interesting to watch. Buradin      ( Date: 13-Aug-2022 00:07) Posted: Actually for the taxi segment, if we compare it with 2H 2021 instead of 1H 2021, there is an uptick of leasing. And taxi operating profit trended upwards also due to lower operating cost. But I agree that it is not exciting, more importantly not making losses. Also agree on the potential bright spots, especially the EV infra, CDG should stick it in and push for 50% of market share (very profitable).
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Buradin Veteran	13-Aug-2022 00:07        Buradin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually for the taxi segment, if we compare it with 2H 2021 instead of 1H 2021, there is an uptick of leasing. And taxi operating profit trended upwards also due to lower operating cost. But I agree that it is not exciting, more importantly not making losses. Also agree on the potential bright spots, especially the EV infra, CDG should stick it in and push for 50% of market share (very profitable).
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Entropy72 Master	12-Aug-2022 23:17        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, I am satisfied though not yet elated at the dividend. Interim dividend (exclude special non-recurring dividend) of 2.85 cts is now 35% higher than 2.1 cts last year. Still some way off the pre-COVID interim dividend of 4.35 cts 😅 Hope to see some analysis of its growth in CDG Zip ride hail business as the traditional taxi business is still declining with fewer taxis leased and fewer taxi driving license holders. There is also concern on lower revenue from LTA for bus operations. The potential bright spot is China in 4Q22 when local / travel restrictions ought to ease. And when oil prices ease further. Plus growth in its EV charging infra business plus ride hailing business. Listing of Australia assets is another potential trigger. Buradin      ( Date: 12-Aug-2022 22:55) Posted: Tks for info. Special dividend is always a happy thing for shareholders. My brother in arms Entropy should be happy too. 😊 TikTalk      ( Date: 12-Aug-2022 17:42) Posted: Interim and Special Dividend For the half year ended 30 June 2022, there was a one-off exceptional gain of $30.5 million from the disposal of the Alperton property in London which resulted in net profit attributable to shareholders of $118.7 million. Excluding this exceptional gain, net profit was $88.2 million. As the Company is in a healthy net cash position with stable forecasted cashflows, it is proposed that the full net gain from that disposal be returned to shareholders in the form of a one-off special dividend. As such, the following dividends are proposed: - A tax-exempt one-tier interim dividend of 2.85 cents per ordinary share representing a Dividend Payout Ratio (&ldquo DPR&rdquo ) of 70.0% of the underlying net profit of $88.2 million for the half year just ended and - A tax-exempt one-tier special dividend of 1.41 cents per ordinary share representing a DPR of 100.0% of the net gain on disposal of Alperton property in London of $30.5 million. The proposed DPR for 1H2022 on underlying profits of 70% is consistent with the DPR for 2021 and is in line with our DPR policy which is to declare a DPR of at least 50%. PreCOVID, the interim DPR for 2019 was 67%.
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Buradin Veteran	12-Aug-2022 22:55        Buradin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tks for info. Special dividend is always a happy thing for shareholders. My brother in arms Entropy should be happy too. 😊 TikTalk      ( Date: 12-Aug-2022 17:42) Posted: Interim and Special Dividend For the half year ended 30 June 2022, there was a one-off exceptional gain of $30.5 million from the disposal of the Alperton property in London which resulted in net profit attributable to shareholders of $118.7 million. Excluding this exceptional gain, net profit was $88.2 million. As the Company is in a healthy net cash position with stable forecasted cashflows, it is proposed that the full net gain from that disposal be returned to shareholders in the form of a one-off special dividend. As such, the following dividends are proposed: - A tax-exempt one-tier interim dividend of 2.85 cents per ordinary share representing a Dividend Payout Ratio (&ldquo DPR&rdquo ) of 70.0% of the underlying net profit of $88.2 million for the half year just ended and - A tax-exempt one-tier special dividend of 1.41 cents per ordinary share representing a DPR of 100.0% of the net gain on disposal of Alperton property in London of $30.5 million. The proposed DPR for 1H2022 on underlying profits of 70% is consistent with the DPR for 2021 and is in line with our DPR policy which is to declare a DPR of at least 50%. PreCOVID, the interim DPR for 2019 was 67%.
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TikTalk Supreme	12-Aug-2022 17:42        TikTalk About Contact  Quote this Post! Style: Combined   Mood: Yells: "Anyone miss me?"
x 0   x 0  Alert Admin	Interim and Special Dividend For the half year ended 30 June 2022, there was a one-off exceptional gain of $30.5 million from the disposal of the Alperton property in London which resulted in net profit attributable to shareholders of $118.7 million. Excluding this exceptional gain, net profit was $88.2 million. As the Company is in a healthy net cash position with stable forecasted cashflows, it is proposed that the full net gain from that disposal be returned to shareholders in the form of a one-off special dividend. As such, the following dividends are proposed: - A tax-exempt one-tier interim dividend of 2.85 cents per ordinary share representing a Dividend Payout Ratio (&ldquo DPR&rdquo ) of 70.0% of the underlying net profit of $88.2 million for the half year just ended and - A tax-exempt one-tier special dividend of 1.41 cents per ordinary share representing a DPR of 100.0% of the net gain on disposal of Alperton property in London of $30.5 million. The proposed DPR for 1H2022 on underlying profits of 70% is consistent with the DPR for 2021 and is in line with our DPR policy which is to declare a DPR of at least 50%. PreCOVID, the interim DPR for 2019 was 67%.
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Winnertakeall Elite	11-Aug-2022 11:18        Winnertakeall About Contact  Quote this Post!
x 0   x 0  Alert Admin	CD is expected to release its 1H22 results on 12 Aug 22 after market closes.
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Conman Elite	21-Jul-2022 18:08        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	The progress of internet is in the process of killing many traditional businesses which refuses to rejuvenate. The demand for land transport will drop to levels unsustainable for private bus/coach businesses in perhaps 5 years in my estimate. The Ang Mo are smart to sell their small small bus/coach businesses and go into retirement while Zoom Bees buys as if it has picked up gold. Buying is easy, but to find another Zoom Bee to take over will not be possible without suffering big losses when Metaverse becomes the main stay of human life. Conman      ( Date: 20-Jul-2022 17:25) Posted: Unless you seriously dont believe in Metaverse World, please dont hold it for longer than 5 years. ahbui8      ( Date: 20-Jul-2022 15:02) Posted: No recommendation, I just buy to hold for long as this counter 10yrs history low is $1.3
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ahbui8 Master	21-Jul-2022 16:53        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Target price below $1??? TikTalk      ( Date: 14-Jul-2022 12:11) Posted: Any good news for Crab(Grab), if not will it drop below usd2? Read one anal-yst talk until how good this company is butter stock price  lau sai from usd13 to 2+.  those bought  kena con lor.This anal-yst  kaki cong kaki song
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kiseki_2818 Master	21-Jul-2022 12:37        kiseki_2818 About Contact  Quote this Post!
x 0   x 0  Alert Admin	spac already systematically cash out with good profit. hiak x 3. i bought thru spac, get 20% profit, first 3 wk, the spac organisation help us clear everything. spac organizers gain the most.   TikTalk      ( Date: 14-Jul-2022 12:11) Posted: Any good news for Crab(Grab), if not will it drop below usd2? Read one anal-yst talk until how good this company is butter stock price  lau sai from usd13 to 2+.  those bought  kena con lor.This anal-yst  kaki cong kaki song
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Conman Elite	20-Jul-2022 17:25        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unless you seriously dont believe in Metaverse World, please dont hold it for longer than 5 years. ahbui8      ( Date: 20-Jul-2022 15:02) Posted: No recommendation, I just buy to hold for long as this counter 10yrs history low is $1.32 Singpost      ( Date: 20-Jul-2022 11:38) Posted: any recommnedation fro Degr
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ahbui8 Master	20-Jul-2022 15:02        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No recommendation, I just buy to hold for long as this counter 10yrs history low is $1.32 Singpost      ( Date: 20-Jul-2022 11:38) Posted: any recommnedation fro Degro ahbui8      ( Date: 19-Jul-2022 20:28) Posted: Fully vested today 😀
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Singpost Master	20-Jul-2022 11:38        Singpost About Contact  Quote this Post!
x 0   x 0  Alert Admin	any recommnedation fro Degro ahbui8      ( Date: 19-Jul-2022 20:28) Posted: Fully vested today 😀
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ahbui8 Master	19-Jul-2022 20:28        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fully vested today 😀
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Conman Elite	14-Jul-2022 17:57        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tik Talk, 1. I was never vested in Grab, and I dont know of anyone in this thread vested in Grab too. Perhaps you can open a Grab thread and I will hoin in to talk about it next year if I play it. 2. You must know that 'analysts' are also human and they have families to feed too. If they are employed by banks or securities firms, they have KPI to meet. If they are self-employed, they have to punt stocks to earn a living because you and me are not going to pay them after reading their reports. For example this Zoom Bee has been on a big down trend for so many years but have you encounter any 'analysts' to advise you to avoid or cut loss? TikTalk      ( Date: 14-Jul-2022 12:11) Posted: Any good news for Crab(Grab), if not will it drop below usd2? Read one anal-yst talk until how good this company is butter stock price  lau sai from usd13 to 2+.  those bought  kena con lor.This anal-yst  kaki cong kaki song
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TikTalk Supreme	14-Jul-2022 12:11        TikTalk About Contact  Quote this Post! Style: Combined   Mood: Yells: "Anyone miss me?"
x 0   x 0  Alert Admin	Any good news for Crab(Grab), if not will it drop below usd2? Read one anal-yst talk until how good this company is butter stock price  lau sai from usd13 to 2+.  those bought  kena con lor.This anal-yst  kaki cong kaki song
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Conman Elite	14-Jul-2022 11:31        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where is everybody? Why nobody talk cock sing song to celebrate this awesome purchase?
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TikTalk Supreme	13-Jul-2022 18:26        TikTalk About Contact  Quote this Post! Style: Combined   Mood: Yells: "Anyone miss me?"
x 0   x 0  Alert Admin	COMFORTDELGRO CORPORATION LIMITED (Company Registration No. 200300002K) (Incorporated in the Republic of Singapore) ANNOUNCEMENT ON ACQUISITION OF SHARES AND ASSETS IN IRELAND ComfortDelGro Corporation Limited (the &ldquo Company&rdquo ) wishes to announce that its indirect, whollyowned subsidiary ComfortDelGro Irish Citylink Limited (the &ldquo Purchaser&rdquo ) had, on 12 July 2022, entered into a sale and purchase agreement with Cummer Bus Group Limited (the &ldquo Seller&rdquo ) for the acquisition by the Purchaser of (i) the entire issued share capital of Evobus and Coach Limited (&ldquo Evobus&rdquo ) (trading as GoBus) from the Seller and (ii) a fleet of 31 buses from the Seller and its subsidiaries (the &ldquo Transaction&rdquo ). Completion of the acquisition of the entire issued share capital of Evobus took place on the same day, i.e. on 12 July 2022. Completion of the acquisition of the fleet of 31 buses is expected to take place at the end of a transitional services period of approximately one month. The Transaction will allow the Company to expand its intercity coach services in Ireland. The total consideration payable for the Transaction is &euro 12 million (approximately S$17.52 million), of which &euro 4.4 million (approximately S$6.424 million) has been paid to the Seller on 12 July 2022, &euro 7.5 million (approximately S$10.95 million) is payable on completion of the acquisition of the fleet of 31 buses, and the balance &euro 100,000 (approximately S$146,000) which is held in escrow will be paid to the Seller upon expiry of a 2-year period from 12 July 2022, provided that there are no claims against the Seller during the said period. The said consideration will be fully satisfied in cash and funded through internal resources. The total consideration was arrived at on a &ldquo willing buyer willing seller&rdquo basis following arms&rsquo length negotiations, taking into account, amongst others, projected performance of Evobus based on relevant historical analysis. The indicative &euro -to-S$ exchange rate used for the purposes of this announcement is &euro 1: S$1.46. The Transaction has no material impact on the net tangible assets or earnings per share of the Company for the financial year ending 31 December 2022. None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the Transaction, save for their respective interests, through their shareholdings and/or directorships, as the case may be, in the Company. BY ORDER OF THE BOARD COMFORTDELGRO CORPORATION LIMITED Angeline Joyce Lee Siang Pohr Company Secretary 13 July 2022 TikTalk      ( Date: 13-Jul-2022 18:25) Posted: https://links.sgx.com/1.0.0/corporate-announcements/FSKE9T1I30UOHEO8/723577_ComfortDelGro-Media%20Release-CDG%20Broadens%20Irish%20Inter-City%20Coach%20Footprint%20with%20Latest%20Acquisition.pdf
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