Vicom

Re: Vicom

Postby winston » Sat Oct 31, 2009 3:45 pm

by Aspellian » Sat Oct 31, 2009 3:40 pm

Perfect example of super-low capex and super-super-good FCF and high dividend - VICOM. One of the favourite of cif5000.

I was at VICOM last sat for car inspection - i am charged >$70 for "simple inspection" work of <15mins!! I am sure the inspection facilities doesnt require major changes (no change in car inspection technologies - ah ya, what's so difficult in inspecting car tyres alignment, brake efficiencies (using resistant rollers) and headlights' intensity!!). There's no major expansion plan - there's sufficient area coverage in spore.

If you get this darling at <$1.00 = you could be seeing 20-30% of dividend yield each year for the REST OF YOUR LIFE!!!!!
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Re: Vicom

Postby kennynah » Sat Oct 31, 2009 5:19 pm

who is the majority shareholder of VICOM ?
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Re: Vicom

Postby Musicwhiz » Sat Oct 31, 2009 9:51 pm

kennynah wrote:who is the majority shareholder of VICOM ?

Not too sure Kenny, perhaps you can download the latest AR at SGXNet? They have details of shareholdings at the back.

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Re: Vicom

Postby kennynah » Sat Oct 31, 2009 10:00 pm

let me save you the trouble and explain in a simpleton way why you had to spend $70 for a simple yet mandatory vehicle checkup that MUST be performed at VICOM and VICOM only.... and not at some random ah beng car workshop....but VICOM....

just like why we have to pay a stamp duty fee to buy a HDB flat that is paid to a certain law firm and that law firm ONLY....

bcos in a small singapore...it is a very simple society to understand... it is all about being one big familee.... see below

*************
VICOM Corporate Profile
The VICOM Group is a subsidiary of ComfortDelGro Corporation Limited

BOARD OF DIRECTORS
Lim Jit Poh
Chairman (Non-Executive & Non-Independent)


Mr Lim Jit Poh was appointed non-executive Director in 1981 and Chairman of VICOM Ltd in 1985. He is a member of both the Remuneration Committee and Nominating Committee. Mr Lim is also the Chairman of ComfortDelGro Corporation Limited, SBS Transit Ltd, Ascott Residence Trust Management Limited, China Printing & Dyeing Holding Limited and Eng Kong Holdings Limited as well as the Lead Independent Director of Kim Eng Holdings Limited. These are listed companies with business interests in stock broking, property trust, hospitality, and manufacturing. Mr Lim is also a Director of several non-listed companies under the ownerships of the Singapore Labour Foundation and Temasek Holdings (Private) Limited.

Mr Lim was a former top civil servant and a Fulbright scholar. He was awarded the Public Administration Medal by the Government of Singapore in 1972 as well as three awards by the National Trades Union Congress, namely Friend of Labour Award in 1986, Meritorious Service Award in 1990 and Distinguished Service Award in 2000. In 2006, he was also one of the recipients of the Distinguished Science Alumni Award from the National University of Singapore. Mr Lim is a trustee of the Singapore National Employers' Federation.
Last edited by kennynah on Sat Oct 31, 2009 10:10 pm, edited 3 times in total.
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Re: Vicom

Postby winston » Sat Oct 31, 2009 10:04 pm

by Musicwhiz » Sat Oct 31, 2009 9:43 pm

I have a lot of respect for cif5000 as well. He's a very sharp and astute value investor, and his passion is obvious (he also attends AGMs).

For Vicom, honestly I had looked at the company and read its AR, but felt it was priced too high without adequate margin of safety; even though it was a well-run company with steady cash flows.

Had to make a pass. Oh well.
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Re: Vicom

Postby millionairemind » Wed Nov 11, 2009 7:17 pm

November 11, 2009, 6.08 pm (Singapore time)

Vicom's Q3 profit up 23.6% to $5.07 mln


By SAMUEL EE

The growth in vehicle inspection, and test and inspection services boosted Vicom's net profit by 23.6 per cent to $5.07 million for the third quarter ended Sept 30, 2009.

But Q3 revenue was slowed down by the lower revenue from vehicle inspection and type approval services, as well as vehicle assessment services; it slipped 0.7 per cent $19.52 mililon.

For the first three quarters, the vehicle inspection unit of land transport giant ComfortDelGro posted an 18.8 per cent rise in net profit to $15.06 million. Year-to-date revenue was also higher, up 5.4 per cent to $58.09 million.
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Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Vicom

Postby sgyounginvestor » Wed Jan 11, 2012 11:43 am

I have done an analysis on VICOM on my blog, please check it out.

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Re: Vicom

Postby behappyalways » Tue May 09, 2017 11:43 am

Vicom 1Q earnings fall 6.3% to $6.8 mil on lower business volumes
http://www.theedgemarkets.com.sg/vicom- ... ss-volumes
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Re: Vicom

Postby behappyalways » Tue Aug 08, 2017 6:35 pm

vicom-2q-earnings-fall-8-61-mil-raises-dividend-payout-ratio-90
https://www.theedgesingapore.com/vicom- ... t-ratio-90
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Re: Vicom

Postby behappyalways » Sun Nov 19, 2017 9:32 pm

vicom%E2%80%99s-3q-earnings-fall-59-64-mil-lower-revenue
https://www.theedgesingapore.com/vicom% ... er-revenue
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