Thakral

[Poles]

read from the yesterday papers, they have 120M cash on hand and they switching away from distribution into properties & infrastructure.

what are your views on such cash rich penny company?

http://www.singaporelawwatch.sg/remweb/ ... medium=rss

[millionairemind]

May 10, 2010, 5.35 pm (Singapore time)

Thakral's Q1 profit up on electronics, sale of China building

By ANGELA TAN

Thakral Corporation Ltd said its net profit for the first quarter of 2010 rose 153 per cent compared to a year ago to S$2.01 million.

This included a net gain of S$1.5 million from the disposal of a building in Chengdu, China, an increase in financial income and foreign exchange gains in Q1FY10.

Revenue was up 13 per cent at S$111.03 million due to improved sales at its consumer electronics distribution business, especially in Hong Kong.

[newbieinvestor]

thakral is proposing a cash distribution of 5 cents. It's a good time to buy now.

[Zed18]

thakral is proposing a cash distribution of 5 cents. It's a good time to buy now.

I'm a little concerned about where the cash for the distribution will be coming from. They need $130m for the exercise but only have $121m in holding with relatively little receivables. Is the sale of Gateway shares not reflected in the balance sheet or am I making a newbie mistake when reading the report?

[Poles]

May 10, 2010, 5.35 pm (Singapore time)

Thakral's Q1 profit up on electronics, sale of China building

By ANGELA TAN

Thakral Corporation Ltd said its net profit for the first quarter of 2010 rose 153 per cent compared to a year ago to S$2.01 million.

This included a net gain of S$1.5 million from the disposal of a building in Chengdu, China, an increase in financial income and foreign exchange gains in Q1FY10.

Revenue was up 13 per cent at S$111.03 million due to improved sales at its consumer electronics distribution business, especially in Hong Kong.

i thought Singh has decided to diversify from electronics to property....so whatever made here not much meaning...

[LenaHuat]

I know next to nothing about Thakral but post this here because I wanna highlight that the expected IRR is around 20% for Australian residential property development:

Thakral Corporation is taking a bigger step into the real estate industry and plans to set up a joint venture (JV) for property investments.

The company is focusing on the residential sector in Sydney and Melbourne, Australia. It will be taking direct stakes in projects, and will also seek participation from other co-investors.

Thakral is eyeing projects with an internal rate of return of 15-25 per cent, and an investment horizon of one to three years.

Thakral plans to form a JV for its property investments, and it will hold a 51 per cent stake in it. The JV should be up by Q1 next year.

[behappyalways]

Thakral reports 93% fall in FY16 earnings to $0.4 mil in FY16
http://www.theedgemarkets.com.sg/articl ... 4-mil-fy16

[behappyalways]

thakral-1h-earnings-surge-27-mil-higher-margins-declares-interim-dividend-2-cents-share
https://www.theedgesingapore.com/thakra ... ents-share

[behappyalways]

thakral-sell-hong-kong-properties-74-million-booking-34-mil-net-gain
https://www.theedgesingapore.com/thakra ... l-net-gain

[behappyalways]

thakral-acquires-2-more-properties-build-resort-styled-retirement-homes-australia
https://www.theedgesingapore.com/thakra ... -australia