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DELEUM (5132) : DELEUM BERHAD
gen_hwang
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Posts: 90
Joined: Dec 2011		 31 Jan 2012, 07:30 PMPost #1
Deleum was hinted as a favourite for Petronas' 2012 projects yesterday. Unsurprisingly, it shot up RM0.10 yesterday.

But today down RM0.06.

It has been going up steadily since hitting bottom during EU mess.

Interesting company.
ILoveDividend
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Posts: 521
Joined: Dec 2011		 31 Jan 2012, 07:54 PMPost #2
Very good dividend counter. thumbup
steve
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Posts: 15
Joined: Jan 2012		 01 Feb 2012, 12:01 AMPost #3
Dear Gen Hwang,
You have mentioned "Deleum was hinted as a favourite for Petronas 2012 projects yesterday". Would greatly appreciate further details, any link to the original article?
Thanks
Steve
gen_hwang
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Posts: 90
Joined: Dec 2011		 01 Feb 2012, 03:42 PMPost #4
steve, here you are.

http://www.theedgemalaysia.com/in-the-financial-daily/200143-excitement-abounds-stay-in-oil-and-gas.html
steve
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Posts: 15
Joined: Jan 2012		 01 Feb 2012, 05:10 PMPost #5
Thanks gen Hwang,
The chances for Deleum to win contracts from Petronas are very high since joint commercialisation agreement has been signed in November, see below:

http://www.theedgemalaysia.com/in-the-financial-daily/195933-deleum-signs-joint-commercialisation-agreement.html
ILoveDividend
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Posts: 521
Joined: Dec 2011		 01 Feb 2012, 05:22 PMPost #6
Thanks gen Hwang,
The chances for Deleum to win contracts from Petronas are very high since joint...steve @ 01 Feb 2012, 05:10 PM
How much it worth for the new contract? What is the contribution to DELEUM if it able to get this contract? notworthy
gen_hwang
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Posts: 90
Joined: Dec 2011		 01 Feb 2012, 05:32 PMPost #7
Interesting. I missed out that earlier article on deposition. Thanks Steve.
steve
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Posts: 15
Joined: Jan 2012		 01 Feb 2012, 05:38 PMPost #8

How much it worth for the new contract? What is the contribution to DELEUM if it able to get thi...ILoveDividend @ 01 Feb 2012, 05:22 PM

No details on the new contract value but things can only improve further.
EPS cumulatively for last 4 quarters is 29 sen.
Dividend for the last 4 years is about 11 to 12 sen, payout ratio about 49%
ILoveDividend
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Posts: 521
Joined: Dec 2011		 01 Feb 2012, 07:17 PMPost #9
My only concern is their EPS is stangnant for pass 4 years. I prefer to invest in those high dividend counters and their business is improving from year to year (TECNIC, WELCALL, BSTEAD, BKAWAN). So that i can get more and more dividend rather than just receive the same amount of dividend every year. This is my investment objective. smile
steve
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Posts: 15
Joined: Jan 2012		 01 Feb 2012, 07:33 PMPost #10
With ETP projects coming on stream from 2012 onwards, earnings should further increase
ILoveDividend
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Posts: 521
Joined: Dec 2011		 01 Feb 2012, 08:08 PMPost #11
But it is one of few O&G counter that able to sustain its earning for pass few years.
It will be interesting if its earning can be improved further. smile
gen_hwang
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Posts: 90
Joined: Dec 2011		 01 Feb 2012, 08:18 PMPost #12
Anyone that might be interested, here's a company listed on SGX, an O&G maintenance firm.

http://www.remisiers.org/cms_images/research/Research-14Nov-18Nov_2011/111115_PEC_-_AMF.pdf
gen_hwang
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Posts: 90
Joined: Dec 2011		 22 Feb 2012, 08:22 PMPost #13
Comments:

1. The Group’s revenue was primarily contributed by the Power and Machinery segment, however contributions from this segment decreased by RM46.9 million compared to the corresponding quarter mainly due to the completion of an one off gas turbine project of RM61.2 million, offset by higher after-market sales for scheduled maintenance. The revenue contribution from the Maintenance, Repair and Overhaul segment decreased marginally by RM0.4 million compared to the corresponding quarter.

2. During the financial year, the level of oil and gas activities in Malaysia was satisfactory in line with the initiatives implemented by PETRONAS under the Economic Transformation Program. Moving forward this together with the recent major oil and gas discoveries in offshore Sabah and Sarawak, the level of oil and gas activities in the country is expected to be sustained. The associates are expected to contribute positively to the performance of the Group. Against this back drop, barring unforeseen circumstances, our Group is expected to remain profitable in the forthcoming quarter.

[not vested, but always interested]
ILoveDividend
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Posts: 521
Joined: Dec 2011		 09 Mar 2012, 09:35 AMPost #14
Moving up a lot recently. star Broke RM2.00.
gen_hwang
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Posts: 90
Joined: Dec 2011		 09 Mar 2012, 09:21 PMPost #15
doh for not following my own call and research result.

[not vested, but always interested]
ILoveDividend
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Joined: Dec 2011		 10 Mar 2012, 07:42 AMPost #16
...gen_hwang @ 09 Mar 2012, 09:21 PM

Any good news driving it up? smile
ILoveDividend
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Joined: Dec 2011		 16 Mar 2012, 09:43 AMPost #17
No wonder it moved up so much recently. mad

DELEUM BERHAD (DELEUM OR THE COMPANY)
PROPOSED BONUS ISSUE OF 50,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN THE
COMPANY (SHARE(S)) (BONUS SHARE(S)) TO BE CREDITED AS FULLY PAID-UP, ON THE
BASIS OF ONE (1) NEW ORDINARY SHARE OF RM1.00 EACH FOR EVERY TWO (2) EXISTING
ORDINARY SHARES OF RM1.00 EACH HELD IN THE COMPANY, ON A DATE TO BE DETERMINED
(PROPOSED BONUS ISSUE)
You are advised to read the full contents of the announcement or attachment at
http://www.bursamalaysia.com.
Jacky
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Posts: 70
Joined: Dec 2011		 16 Mar 2012, 12:49 PMPost #18
Deleum proposes one-for-two bonus

DELEUM
Deleum Bhd, a diverse range of specialised products and services provider in the oil and gas industry, has proposed a one-for-two bonus issue of 50 million new shares of RM1.00 each.

It said the proposed bonus issue would be capitalised from its retained earnings.

Deleum Group Managing Director Nan Yusri said the bonus issue would be a good reward to shareholders in addition to Deleum's second interim dividend payment of 9.0 sen per ordinary share, which was recently declared in respect of its financial year ended Dec 31, 2011.

It shows Deleum was committed to create value for its shareholders and reward them for their loyalty and continuous support towards the group, he said.

"Additionally, this exercise will further increase our capital base to a level that will better reflect our current scale of operations and assets employed.

"With the increase number of shares in issue, this exercise is expected to promote liquidity of our shares in the market," he said in a statement.

The proposed bonus issue will result in the issued and paid-up capital of Deleum increasing from the existing 100 million shares to 150 million shares of RM1.00 each.

Deleum's total payout dividend for financial year 2011 was 14.0 sen per ordinary share compared to 11.5 sen per ordinary share for 2010.

Deleum posted a 22 per cent increase in group pre-tax profit for financial year 2011 to RM45.71 million from RM37.60 million in 2010 despite a slight decline in group revenue to RM396.30 million from RM399.05 million. -- Bernama
ILoveDividend
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Joined: Dec 2011		 30 Mar 2012, 10:06 AMPost #19
与国油联手申请专利　迪隆创突破性成长 thumbup

（吉隆坡29日讯）石油与天然气上游领域油田设备与服务供应商迪隆有限公司（DELEUM，5132，贸易服务组）与国油探勘私人有限公司的合作，将申请一项‘突破性’产品的环球专利，从而可大幅提升石油开发率。

消息指出：“这项产品将可在地底分解阻塞输送管的层蜡并运出。为此目的，国油探勘已经准备着手一项联营，以把该产品商业化生产。”

这家联营将是这项产品的环球专利持有人，同时它预测该产品将被大部分石油巨子使用。

层蜡经常会在输送管，和各种原油生产使用的传送与储存管道设备内累积。

据行业分析师指出，市场上拥有数项加强石油化学产品可用于减轻这个问题，但它却令得生产商耗巨资，而且产品也未能完全清除层蜡。

消息透露，新产品已经在沙巴岸外的油田测试，而国油探勘准备申请专利以套现商机。

行业观察家表示：“国油探勘与迪隆之间的合伙，并不令人意外。他们已经拥有长期合作关系，而迪隆也被视为一家有声誉的公司。”

透过与国油探勘的合作，迪隆无疑将在石油与天然气领域中扮演更重要的角色。

市场相信，最新发展是迪隆于去年落实正式研发合作后的成果。

在2011年11月，迪隆独资子公司Delcom化学私人有限公司，与国油科技投资私人有限公司签署一份协议，着手商业化固体沉淀处理科技（SDTT）。

迪隆早前宣布了一项2送1红股计划。这项活动将提升迪隆的股票资本50%，至1亿5000万股，而每股净资产值则从1.80令吉降低到1.20令吉。

迪隆表示，更大的资本基础将更能反映出其现有经营规模，同时提升其股票于市场上的流通量。

它补充，红股发行旨在回馈股东们的持续支持。

这项红股发行尚待股东们和相关当局的批准。它预料会在2012年第2季完成。

在过去4年，迪隆的平均股息派发率约为48%。它在去年12月宣布每股9仙的中期股息，使截至2011年12月31日止财政年的总派发率达14仙或1400万令吉。

基于去年2903万令吉净盈利，这相等于48%的派发率。
Brainy_Panda
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Posts: 1
Joined: Mar 2013		 09 Mar 2013, 09:21 AMPost #20
wub
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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