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Home arrow Story Archive arrow 2008 arrow K1 VENTURES and other dividend plays

K1 VENTURES and other dividend plays Print E-mail
Written by Sim Kih   
Wednesday, 03 September 2008

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Stock price jumped 3 cents when a final tax exempt dividend of 5 cents was announced.

FTSE ST All-shares Index has plunged 25% year-to-date but this has also produced more high dividend yield stocks.

Of about sixty stocks going ex-dividend now till end-2008, more than one-third are trading at dividend yields of 5% or more.

K1 Ventures tops the list with dividend yield of 32.7%, based on last close price at 24.5 cents.

Only two out of the 21 stocks with dividend yield over 5% and going ex are showing price appreciation year-to-date.

K1 Ventures is one. The other is kitchen and sanitary equipment dealer Sim Siang Choon.

When the investment company announced on 20 Aug that it is paying a final tax-exempt dividend of 5 cents per share for the year ended 30 Jun 2008, its stock price jumped 14% overnight from 21 cents to 24 cents.

Excluding its Hawaiian retail gasoline business disposed last August, about two-thirds of FY08 revenue came from its North American rail equipment leasing business.

Profit before tax was up four-fold year-on-year at S$136.5 million, largely due to gains from sale of investments.

K1 Ventures also has investments in various businesses ranging from oil & gas exploration, health and wellness to education.

There is currently no analyst coverage on the investment company, which is 36% held by Keppel Corp. An interim 3-cent dividend was paid in March this year.

 Div ex dateOperating cash per share (S$)Historic PE% YTD price changeStock price S$Div yield
ADAMPAK LTD5-Sep-20080.02864.9-40.80.2257.8%
KINGBOARD COPPER5-Sep-20080.08443.6-30.60.255.2%
CAPITARETAIL8-Sep-20080.04008.3-53.70.9956.7%
SINGAPORE FOOD8-Sep-20080.080011.5-1.30.796.3%
SAIZEN REIT9-Sep-20082.5739--40.40.538.9%
JURONG TECH IND10-Sep-2008-0.10003.3-42.50.258.0%
SIM SIANG CHOON10-Sep-20080.02003.112.70.315.5%
NATSTEEL LTD11-Sep-20080.07005.2-3.41.417.1%
POH TIONG CHOON15-Sep-20080.07005.9-13.30.1957.7%
STAMFORD TYRES15-Sep-20080.07007.5-41.70.2456.1%
ADVANCED HLDGS16-Sep-20080.00004.4-49.30.196.8%
COMBINE WILL INT18-Sep-20080.00371.8 -0.1357.4%
CHINA MERCHANTS6-Oct-20080.17245.8-30.40.717.7%
SGX8-Oct-20080.490014.2-52.26.415.9%
SIN GHEE HUAT22-Oct-20080.05005.4-25.60.3355.4%
AVI-TECH ELEC4-Nov-20080.05004.6-59.00.168.3%
SPINDEX IND4-Nov-20080.09004.6-32.40.235.7%
K1 VENTURES LTD5-Nov-20080.00007.48.90.24532.7%
LONGCHEER HLDGS6-Nov-20080.03143.6-33.60.3759.6%
MICRO-MECHANICS6-Nov-20080.080010.0-7.20.647.8%
FJ BENJAMIN13-Nov-2008-0.010010.9-54.40.28514.0%

Recent story:  DIVIDEND STOCKS: Good for bear markets
 

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