SATS - She is trending up nicely! Likely to test 2.87 than 2.94 and 3.00 !
Pls dyodd.
Gapped up this morning, fantastic!
Likely to rise up to test 2.94 again!
Pls dyodd.
SATS - FY results is out! Declared Final dividend of 1.5 cents, Awesome! Gross Revenue is up three-fold to 5.1b.
XD 24th July. Pay date 8th August.
Net profit of 56.4m reversing from last year net loss of 26.5m. Finally, they are back to profitable, Fantastic!
Quote: SATS is on an ambitious plan to increase revenue by about 60 per cent to $8 billion over the next four years, as it works to build on its sterling set of full-year results that exceeded expectations.
“We have a clear strategy for each of the group’s business lines, and we have a strong operating platform from which to do it.”
These are growing revenue to underpin sustained business growth; driving operating leverage through better cost efficiency and productivity; rationalising its portfolio; repaying debt while optimising cash flow; as well as returning value to shareholders.
Mr Mok summarised this as Sats’ 3Rs: repay loans, re-invest in capital expenditure and resume dividends. On that last point, the group declared a final dividend of 1.5 cents per share for the full year to March 31.
Not a call to buy or sell!
Pls dyodd.
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