Posts
I made quite a few new investments in the last six months to a year but, of these, the largest investment was in Centurion Corporation.
I was attracted not just by their ability and willingness to pay meaningful dividends but also their clear and viable strategy for growth.
With insiders eating their own pudding too, it was a vote of confidence which regular readers know I have always liked.
2Q 2017 was another stellar quarter.
72% rise in earnings is definitely nothing to scoff at.
However, what I am more impressed with is the gross profit margin which improved some 7% to 73% while gross profit improved 36%.
Much has been said about the increasingly difficult business environment with many more competitors sharing the Singapore foreign workers accommodation pie.
The stellar results tell me that Centurion's management are not only competent, they are also fast to move into a new growth area and they are masters in branding.
An interim dividend per share (DPS) of 1c has been declared and that makes me happy.
Although I had no idea that Centurion Corporation had plans to list in Hong Kong when I became an investor in February, if that should come to pass, we could see its share price going higher.
Of course, although less important to me than the investing for income angle, a higher share price would make me happy too.
Am I going to buy more now?
You want to read related post #1.
Related posts:
1. Invest in Centurion Corporation.
2. Centurion Corporation to double.
Bloggy Award