Boustead

[winston]

not vested

Boustead Singapore said its subsidiary has been awarded a S$11 million contract to build a regional data centre for a healthcare and pharmaceutical company in Singapore.


Source: Reuters

[Musicwhiz]

Dear all, my Boustead FY 2011 AGM highlights has just been posted up on my blog. Please feel free to visit and leave comments, thanks!

A snippet as follows:-

"It is Boustead’s aim to grow their Design and Build portfolio as well, even though these contracts are sporadic and “lumpy”, in addition to focusing on their DB&L projects. It used to be the case where Boustead could sell at least one industrial leasehold property every financial year, but the problem with this strategy was that even though it brought in a lot of excess cash, it also meant that the Group would have to deduct one recurring income source. Boustead’s business model has to shift to one where the recurring income and cash flows from maintaining such a portfolio outstrip the benefits of selling the properties to clients for lump sum cash inflows. To do so, I reckon that Boustead’s other divisions have to ensure that they are all cash-flow positive and that the cash inflows more than cover the outflows to be made for progress payments to be made to contractors during construction of these leasehold properties."

[winston]

not vested

BOUSTEAD SINGAPORE - Boustead Singapore said its wholly-owned subsidiary was awarded a S$18 million contract from Shinko Plantech to design and build a chocolate processing facility in Singapore.


Source: Reuters

[Musicwhiz]

Dear all, I have posted Part 1 of Boustead's recent EGM highlights on my blog. Please feel free to visit and leave comments, thanks!

A snippet as follows:-

"Regarding Boustead Projects, another shareholder noted that for the last three months, most of the contracts secured were those of design and build, with contract amounts being small to medium (in the S$15 to S$20 million range). The pertinent question is whether Boustead was still continuing talks and discussions to grow their leasehold asset portfolio, which was perceived to be much more important as it would build up a recurrent stable of income for the Group as opposed to short-term “lumpy” contract deals. Also, as FF Wong pointed out, the order book which stands at S$320 million today only includes design and build deals, and does not include the design, build and lease (DB&L) projects. "

(Vested)

[kennynah]

MW : is your favourite character still commenting on your blog?

[Musicwhiz]

MW : is your favourite character still commenting on your blog?

Haha! Aiyoh if you didn't ask I also forgot about him liao......

So far no lah, his last post was on my March 2011 month-end portfolio review. It's been 7 months and he has stayed away.

Perhaps too busy making his millions by charging people for what they can read from books and free websites?

[kennynah]

what a loser

[Musicwhiz]

what a loser

I completely agree with your view, Kenny.

Sadly though, he's worth S$2 million+ now while I am only worth probably 10% of that. Guess there are too many people out there willing to part with a few thousand $ to become "enlightened" individuals!

[kennynah]

oh...there are many in this forum that are worth more than that amount but with a lot more humility

[Musicwhiz]

oh...there are many in this forum that are worth more than that amount but with a lot more humility

Indeed so! And it's a pleasure for me to know so many of them on this forum, and to learn from their selfless sharing!