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2836 CARLSBERG #

CARLSBERG is involved in the brewery businesss of manufacture and distribution primarily in Malaysia. CARLSBERG have been a consistently profit performer and distributing increasing dividends to shareholders (based on recent financial reports); some of which are listed below.
DIVIDENDS (Recent history only)
  • FY2012 Nett __sen
  • FY2011 Nett 54.875sen (Interim 5sen and First/Final 65.5sen less tax and Special 2sen tax exempt)
  • FY2010 Nett 43.5sen (Interim 5sen, Interim Special 2.5sen, Final 7.5sen and Special 43sen less tax)
  • FY2009 Nett 17.25sen (Interim 5sen, Final 7.5sen and Special 10.5sen less tax)
RETAINED EARNINGS (Distributable Only)
  • 1Q2012 : RM181million (less RM376million consolidation adjustments -MFRS adoption impact)
  • FY2011 : RM477million     FY2010 : RM438million     FY2009 : RM363million 
OTHERS
  • 1Q2012 : EPS: 17.13sen   NTA: 110sen   PE: 15.0   Price: RM10.30 @Jun 1st
MY TAKE: Given the price movement over the last 4 years (2009-2012), a consistent pattern with price hike after the big fat dividend announcement. The question is will CARLSBERG do another special dividend? If so, when and how much? Am unsure about the RM376M for consolidation adjustments, but company have RM100M cash. Assuming each quarter earning is consistent with RM47M for 2012, should be able to cover total expected dividends for 2012.
note: all data from local exchange website, and for any error here refer to local exchange website for accuracy. all analysis herewith is for personal purposes only

1 comment:

Unknown said...

レイバン RB4105がめっちゃ安く販売している店、発見!けど、ちょっとうさんくさいので、正規品のレイバン サングラスなのかとちょっと不安になった。レイバン wayfarerの正規品、今はいくらぐらいなのでしょう?