I was first alerted to Venture from a blogger’s comment at ASSI. He mention about Venture, Hotung and Singpost. I have looked at SIngpost, didn’t like Hotung business model (personal preference), so I decide to look at Venture.
I saw Venture has sustained a 50 cents dividend since 2005 and has a unbroken dividend records since 1993.
I then went further to look at its balance sheet. It is net cash company.
A renowned company that is net cash and is paying a yield of 6.7% at current price. Well, that really pips my interest.
First, some numbers.
It is not difficult to see why Venture’s price is a shade of its formal glory days.
It is paying more than its earning of 47 cents in 2013. It is definitely not sustainable.
But I am not looking at Venture as a stalwart or slow grower (SPH or ......