ccb

year,quarter,revenue,profit,eps,dividend
31-Dec-07 2nd 177,259 3,621 4 5
31-Dec-07 1st 157,349 1,536 2 -
31-Dec-06 4th 158,800 31,745 32 5
31-Dec-06 3rd 165,655 812 1 -
31-Dec-06 2nd 168,736 7,989 8 208
31-Dec-06 1st 147,383 5,150 5 -
31-Dec-05 4th 186,122 7,829 8 10
31-Dec-05 3rd 180,126 5,208 5 -
31-Dec-05 2nd 212,821 7,659 8 5
31-Dec-05 1st 181,613 3,212 3 -
31-Dec-04 4th 183,737 391 0 10
31-Dec-04 3rd 181,943 1,390 1 -
31-Dec-04 2nd 197,265 7,102 7 7
31-Dec-04 1st 194,317 6,086 6 -
31-Dec-03 4th 147,353 -2,444 -2 10
31-Dec-03 3rd 178,670 7,071 7 417
31-Dec-03 2nd 265,890 1,272 1 15
31-Dec-03 1st 279,848 16,611 17 -


after pare down its non-core business from a series of special dividend , ccb turn cash rich position into debt-burden company.

reviews the acticle
Market rumour speculates that the cash rich company, Cycle & Carriage (M)Berhad, may via special issue or capital repayment exercise repay its shareholders half or at least RM100 million from its cash reserve representing approximately RM1.00 per share by way of cash repayment


in present, ccb is believed very hard to sustain in challenge market as well as paying huge financing cost.
after the second batch of special dividend 208sen which derived from property sold,ccb must sign another leaseback arrangement from that previous sold property. and this lease fee is charge by approx 9% of the selling price, equal to 3.65 millions annual lease charge.

somemore, the recurring profit of ccb in year2006 is actual loss, after deducting the extra gain from property sold.
in year2007-to-date,AAM records the volume of cars sales in malaysia is drop by 9% compare to pastyear-to-date.

supported by generous cash pay and potential appreciation from propertis revalue, current share price is reasonable , despite of 20 p/e.

just after that, ccb keep on to dispose its property, how many times they can do so? can pay another dividend more? i believe special dividend is near come , but i still stand aside from it.