Showing posts with label TDM. Show all posts
Showing posts with label TDM. Show all posts

Friday 2 December 2011

Profit Distribution Policy and Dividend Policy: IF ONLY more companies can emulate this example.


It is refreshing to note that TDM states its profit distribution policy and dividend policy so very clearly in the front pages of its annual report.  It would be a great example to emulate by other listed companies too.

From Page 5 of TDM 2010 Annual Report:

Profit Distribution Policy

TDM Group’s annual consolidated distributable profits shall be appropriated as follows:
(i) one third for dividends to shareholders;
(ii) one third for capital expenditure of the Group; and
(iii) one third for the reserves of the Group.

This policy was approved by the Board of Directors of TDM Berhad on 13 August 2009

Dividend Policy

TDM Berhad will endeavour to payout dividends of at least 30% of its consolidated annual net profi t after taxation and minority interest, subject to availability of distributable reserves.

Dividends will only be paid if approved by the Board of Directors and the shareholders of the Company.

The actual amount and timing of dividend payments will be dependent upon TDM Berhad’s cash flow position, returns from operations, business prospects, current and expected obligations, funding needs for future growth, maintenance of an efficient capital structure and such other factors which the Board of Directors of TDM Berhad may deem relevant.

The Company will take every effort to grow its businesses and it should be reflected in growth in the dividend rate.

The objective of this dividend policy is to provide sustainable dividends to shareholders consistent with the Company’s earnings growth.

This policy was approved by the Board of Directors of TDM Berhad on 12 April 2009


2010 Annual Report of TDM
http://announcements.bursamalaysia.com/EDMS/subweb.nsf/7f04516f8098680348256c6f0017a6bf/3d7153ea4b2a666f4825787f002ca198/$FILE/TDM-AnnualReport2010%20(2MB).pdf

Sunday 27 November 2011

TDM Berhad



Company Name
:
TDM BERHAD  
Stock Name
:
TDM  
Date Announced
:
24/11/2011  
Financial Year End
:
31/12/2011
Quarter
:
3
Quarterly report for the financial period ended
:
30/09/2011
The figures
:
have not been audited

Converted attachment :



Please attach the full Quarterly Report here:

Announcement-Q3_2011_Bursa-3.pdf


Remark:



Currency
:
Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2011

       
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
       
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
       
30/09/2011
30/09/2010
30/09/2011
30/09/2010
       
$$'000
$$'000
$$'000
$$'000
1Revenue
151,506
103,649
367,812
264,434
2Profit/(loss) before tax
71,032
36,397
152,130
80,866
3Profit/(loss) for the period
52,203
28,826
114,150
61,619
4Profit/(loss) attributable to ordinary equity holders of the parent
51,474
28,262
112,511
60,395
5Basic earnings/(loss) per share (Subunit)
21.88
12.81
48.33
27.47
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00








AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7Net assets per share attributable to ordinary equity holders of the parent ($$)
3.5000
3.2200


9 Months ended 30th Sept 2011.

Income Statement

Revenue  367.812m
Gross Profit 206.174m
PBT 152.130m
PAT 114.150m

EPS (sen)
Basic 47.46
Fully diluted 46.50


Finance costs (0.300m)
Income tax expense (40.023m)


Balance Sheet

ASSET
NCA 742.799m
CA 302.982m
TOTAL ASSETS 1,045.781m

EQUITY AND LIABILITIES
TOTAL EQUITY 828.091m
CL  174.189m
NCL 43.501m
TOTAL LIABILITIES 217.690m
TOTAL EQUITY AND LIABILITIES 1,045.781m

Net assets per share RM 3.50


Inventories 22.152m
Trade and other receivables 54.565m
Trade and other payables 153.642m


Cash and bank balances 214.290m
ST Borrowings 1.316m
LT Borrowings 0.422m


Net assets per share RM 3.50



Dividend
30.9.2011  (38.268m)
30.9.2010 (26.431m)



Cash flow statement

PBT 154.174m
Operating profit before working capital changes 165.927m

Net cash from operating activities 141.320m
Net cash used in investing activities (74.511m)
Net cash used in financing activities (28.452m)

Capex
Purchase of PPE (32.651m)
Addition of plantation development expenditure (31.297m)


Basic
Weighted average number of ordinary shares in issue 232.775m

Diluted
Weighted average number of shares - diluted 237.556m


Market Watch


Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
09-Aug-1131-Dec-11230-Jun-11126,98432,34613.86-
19-May-1131-Dec-11131-Mar-11105,79229,60112.72-
21-Feb-1131-Dec-10431-Dec-10135,55033,89014.89-
26-Nov-1031-Dec-10330-Sep-10110,13628,82512.82-

ttm-EPS  54.29 sen
Price RM 3.45
Trailing PE  6.35x



Share Price Performance
   High
 
Low
Prices 1 Month
3.540
  (25-Nov-11)
2.900
  (09-Nov-11)
 Prices 3 Months3.540  (25-Nov-11)2.600  (04-Oct-11)
Prices 12 Months3.540  (25-Nov-11)2.400  (26-Nov-10)
Volume 12 Months29,814  (16-Nov-11)106  (13-Jul-11)

TDM Berhad Company Snapshot

Business Description:

TDM Berhad operates in the Vegetable oil mills sector. TDM Berhad is an investment holding company. The Company is engaged in the provision of management services and cultivation of oil palms. The Company operates ion four segments: Plantation division involved in a few activities, such as cultivation of oil palms, sales of fresh fruit bunches and management of plantation operation services; Food division involved in activities, such as integrated poultry farming, and processing of related products; Health division provide health consultancy and operates with specialist medical centers, and Others division, dormant companies. The Company manages 12 oil palm estates with a total planted area of 33,284 hectares in Malaysia, and another 2,000 hectares in Kalimantan, Indonesia. On August 30, 2010, the Company completed the liquidation processes of TMG (M) Sdn. Bhd., East Coast Transportation Sdn. Bhd., Chee Keng Stocks-Feeds Manufacturing Company Sdn. Bhd., TDM Interdagang (M) Sdn. Bhd. and Pemco Sdn. Bhd. 

Stock Performance Chart for TDM Berhad


23.11.2011

Price RM 3.28
PE 6.14x
DY 2.97%
Market cap 1,953.7m
ROE 15.5%