MS Holdings Limited (MS Holdings) is a Singapore-based company, which is engaged in investment holding.
The Company acts as a crane rental company in Singapore. MS Holdings is engaged in hiring of mobile cranes and lorry cranes. The Company's fleet includes 750 ton, 500 ton and 350 ton mobile cranes.
The Company offers its services to around 350 customers, primarily operating in the construction, marine, logistics, oil and gas, as well as infrastructure industries. The Company's subsidiaries include MS Equipment Pte. Ltd., which is engaged in trading of mobile cranes and related equipment; Moh Seng Cranes Pte. Ltd. and Moh Seng Services Pte. Ltd., which are engaged in supplying and providing cranes and related services, and Extol Global Pte. Ltd., which is engaged in project logistics management and services.
Listed on 7th Nov 2014 @ $0.25,IPO price was $0.005 below the founder's cost price of $0.255. As of 30th April, Net asset per share stood at $0.27. Currently trading at 8cts ( 19/10/2015 ).
Dividend yield: 12.5% ( 1ct of dividend was proposed for FY2015 ) Price to book : 0.296x
Merit:
1) Consistent dividend ( before listing , $1 million was paid as dividend for FY2011 & 2012, $0.2 million in FY2013 ) FY2015, 1cts or $1.02 million was paid. At 8cts, it is definately a bargain.
2) Droppped too much below founder's cost of 25.5cts. A potential privatisation candidate if the price remains depressed. Currently, there is only 100 shareholders as of 20th July 2015 with Iop 42 shareholders owning 97.6% of the shares issued.
3) Stable income yearly, with $2-3 million profit since 2010.
Challenges:
1) Low float on the market.
2) Investors do not know the business well
Listed on 7th Nov 2014 @ $0.25,IPO price was $0.005 below the founder's cost price of $0.255. As of 30th April, Net asset per share stood at $0.27. Currently trading at 8cts ( 19/10/2015 ).
Dividend yield: 12.5% ( 1ct of dividend was proposed for FY2015 ) Price to book : 0.296x
Merit:
1) Consistent dividend ( before listing , $1 million was paid as dividend for FY2011 & 2012, $0.2 million in FY2013 ) FY2015, 1cts or $1.02 million was paid. At 8cts, it is definately a bargain.
2) Droppped too much below founder's cost of 25.5cts. A potential privatisation candidate if the price remains depressed. Currently, there is only 100 shareholders as of 20th July 2015 with Iop 42 shareholders owning 97.6% of the shares issued.
3) Stable income yearly, with $2-3 million profit since 2010.
Challenges:
1) Low float on the market.
2) Investors do not know the business well
Comments