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Overseas Education Limited - FY2012 Results

Overseas Education Limited ("OEL") announced its FY2012 results.

I have recently added the counter to my SRS account. The post is here.

The results as follows":


Revenue increased by 7.9% to $96.4m and net profit increased by 6.1% to $20.7m. My profit forecast in my IPO write up was $18.95m.  The EPS is 7.8c based on the pre-ipo shares but if based on the total number of outstanding shares, the EPS will be 4.97 Singapore cents versus my forecast of 4.85c. As you can see, i try to be more conservative in my forecast. :-P

This translate into a 2012 PER of 11.67x at the current share price of 58 cents. A dividend of 2.75 cents per shares has been declared and will be paid on 21 May 2013. The shares will go X-D on 9 May 2013. This translate into a yield of around 4.74% based on my entry price. 

This is a long term play for me. Don't expect much fireworks as this is a stable business and i am looking for yield.

Happy SRSing. 

2 comments:

  1. OEL will definitely benefit from the influx of wealthy foreigners who will send their kids to these schools.
    It would've been great to get OEL at IPO price, with a yield of over 5%, oh well, lol.

    Will u be adding some to your SRS portfolio?

    ReplyDelete
  2. I am vested la. Never read my post properly ah :)

    ReplyDelete