5140 TASCO

TASCO is mainly involved as a total logistics solutions provider while its subsidiary companies are principally involved in the business of truck rental, in-house truck repair and maintenance, insurance agency services and warehouse rental as well as provider of services related to freight forwarding.

TASCO has been a consistently profit performer and distributing dividends to shareholders (based on recent financial reports); some of which are listed below.


DIVIDENDS

• FY2012 Nett ___sen
• FY2011 Nett 10.0sen (Final TE 1.3sen and 11.6sen less tax --ex-date 26Jun12)
• FY2010 Nett  8.0sen (Final TE 4.6sen and 4.53sen less tax)
• FY2009 Nett  7.0sen (Final TE 3sen, Interim TE 4sen)

RETAINED EARNINGS (Distributable Only)

• 1Q2012: RM145M
• FY2011: RM138M   FY2010: RM112M   FY2009: RM90M

OTHERS

• 1Q2012 : EPS: 6.76sen   NTA: 248sen   PE: 7.8   Price: RM2.10 @01Jun12 
• http://www.tasco.com.my/

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. Although TASCO dividend is not fat but increasing amidst healthy financial position. Current nett 10sen dividend at 4.76% dividend yield at RM2.1, also worked out to be equivalent to about 30% dividend policy. A fair dividend counter unless > 50% dividend policy and continue EPS growth going forward ^_^

note: data from local exchange website and pix from googled images, and for any error here refer to local exchange and/or website for accuracy and/or authencity. all analysis herewith is for personal purposes only