It looks like many forumers thinks hat VICOM is a good investment vehicle. This got my attention to check it out. Vicom is in the vehicle inspection business, with a few workshops situated all over singapore. I, for one personally dun drive, so i do not know why is there a need to inspect their vehicle. I would think that is regulatory.
A check on SGX reveal that its dividend payout goes back to 1996. Its payout is listed below:
1996 – 1.25 cents less tax
1997 – 2.75 cents less tax
1998 – 3 cents less tax
1999 – 3.75 cents less tax
2000 – 3 cents less tax
2001 – 5 cents less tax
2002 – 3.75 cents less tax
2003 – 4.25 cents less tax
2004 – 6.25 cents less tax
2005 – 5.75 cents less tax
2006 – 6.75 cents less tax
Although its div is not consistently increasing, it is nevertheless evaluation whether it can payout more to shareholders. We do notice that dividend cover is listed explicitly in the annual report. This may be how the management wants to market the company to the retail investor.
Alook up its historical price shows that its price range between 90 cents to 1 dollar for a long time. however, it experience a break up to 1.15 from jan 2006. Whatever the reason, i am not certain.
TO-DO:
1) Cashflow analysis
2) Moat