This article was written when the share price is at SG$0.137. Since then the share price have climbed to SG$0.188.
Nordic Group, a company that IPO not too long ago looks like an interesting proposition. While it does not have a long listed operating history, a change might be abound that leads me to feel we may have a good investments on our hands. Nordic operates in the volatile oil and gas, and marine sector, sectors have not been doing well and thus good hunting ground for prospective businesses to invest in.
Current share price: SG$0.137
No of outstanding shares: 400 mil
Dividend per share: SG$0.0025 final, SG$0.0025 special (3.75%)
Over the past month, Nordic acquired Austin Energy, which is in the insulation business. This acquisition looks to change Nordic’s future earnings profile to make it an attractive investment proposition. ......