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Ornasteel (CSC Steel)


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Moolah
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 Posting #31: Fri May 16th, 2008 01:50

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Orna reported its earnings..

If you look at the trailing earnings... it looks not too bad.



Q-Q increased a lot from 14.9 mil... but.. if u look at the bigger picture, perhaps you might wonder if that Q4 earnings was terribly poor. Hence if you compare to the same period last year (ie compare to fy 07 Q1) Ornasteel earnings improved less than 10% only..

   Ornasteel Holdings Bhd (5094.KU) - Malaysia
   1st quarter ended Mar. 31:
   Figures are in Ringgit (MYR).

                                 2008               2007
Revenue                   342,942,000        327,304,000
Pretax Profit              27,064,000         23,891,000
Net Profit                 24,004,000         22,699,000
Earnings Per Share           6.38 Sen           6.01 Sen
Dividend                      Omitted            Omitted




... which isn't as impressive as what we saw in AnnJoo and Southern Steel.

Balance sheet... is pretty impressive as usual...

However the minus points remains..

see posting #27.

However, my concern in this stock is the money in 'market securities'. Now as an investor, my preference is that I do not want to see companies doing such stuff. I would rather see companies return excess money back to their investor.
and if u refer to posting #1. as at feb 2007.

The status of the Group’s investment in marketable securities as at the end of the reporting quarter is as follows:-
(i) at cost: RM30.240 million;
(ii) at carrying value: RM30.388 million; and
(iii) at market value: RM30.388 million .
Company had some 30 million in marketable securities.

Now the following was taken from yesterday's earnings...

The status of the Group’s investment in marketable securities as at the end of the reporting quarter is
as follows:-

(i) at cost: RM56.240 million;
(ii) at carrying value: RM56.956 million; and
(iii) at market value: RM56.956 million.

And this company now has 56 million in the stock market!!

Now that's a lot, no???

 



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Moolah
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 Posting #32: Wed Jul 2nd, 2008 12:52

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just for the record... name changed.

:cheers1:



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Moolah
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 Posting #33: Fri Nov 14th, 2008 12:08

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   CSC STEEL HOLDINGS BHD (5094.KU) - Malaysia
   3rd quarter ended Sep. 30:
   Figures are in Ringgit (MYR).

                                 2008               2007
Revenue                   389,174,000        302,595,000
Pretax Profit              28,478,000         23,411,000
Net Profit                 27,322,000         19,016,000
Earnings Per Share           7.29 Sen           5.05 Sen
Dividend                     6.50 Sen            Omitted

   9 months ended Sep. 30:

Revenue                 1,167,768,000      1,002,920,000
Pretax Profit             110,495,000         76,756,000
Net Profit                100,855,000         64,686,000
Earnings Per Share          26.83 Sen          17.17 Sen
Dividend                    18.50 Sen          10.00 Sen 


update posted: Regarding CSC Steel'sCurrent Earnings And Its Investments In Marketable Securities



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