JMH USD
Last:60.75
-1.97
Jardin Matheson
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Thank you. IMHO the calculation for JMH is pretty straightorward as they have no o/standing shares, treasury shares, warrants or stock options (like in most companies) which, if present, complicate the issue.
Hence, in this particular case Shareholder funds (net of minority interests) divided by outstanding equity shares (as stated in AR or subsequent updated after Share buyback) would give the NAV/Share.
I too am no accountant or CPA but a simple ex-sailor :)
I am not familar with accounting terms but it seems like shareholder funds are calculated in a different way from the number of outstanding shares. The P/E ratio will give us an indication of the number of outstanding shares.
March 28, 2022
Shareholders' funds refers to the amount of equity in a company, which belongs to the shareholders. The amount of shareholders' funds yields an approximation of theoretically how much the shareholders would receive if a business were to liquidate. The amount of shareholders' funds can be calculated by subtracting the total amount of liabilities on a company' s balance sheet from the total amount of assets. Also, if the balance sheet includes the financial position of subsidiaries, then the recorded amount of minority interests must also be excluded from the calculation.
Shareholders' funds are usually considered to be comprised of the common stock, preferred stock, retained earnings, and treasury stock accounts.
Calculation of Shareholders&rsquo Funds
The complete calculation of shareholders' funds is as follows:
Total assets - Total liabilities - Minority interests = Shareholders' funds
Example of Shareholders&rsquo Funds Calculation
ABC International reports $1,000,000 of total assets and $750,000 of total liabilities, along with $50,000 of minority interests. Based on this information, the amount of shareholders' funds is $200,000.
https://www.accountingtools.com/articles/how-to-calculate-shareholders-funds.html
What Are Shares Outstanding?
Shares outstanding refer to a company' s stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company&rsquo s officers and insiders. Outstanding shares are shown on a company&rsquo s balance sheet under the heading &ldquo Capital Stock.&rdquo
The number of outstanding shares is used in calculating key metrics such as a company&rsquo s market capitalization, as well as its
earnings per share (EPS
) and
cash flow per share (CFPS). A company' s number of outstanding shares is not static and may fluctuate wildly over time.
https://www.investopedia.com/terms/o/outstandingshares.asp
Kindly recheck. From the Annual report - Shareholder funds are $29,781 M, NAV 102.87 which implies the number of outstanding shares is ~ 289,400 Mill i.e. approx the same as the new total o/standing share after the capital reduction exercise. I may be wrong.
Jardine Matheson has reduced the number of shares by more than 400,000 shares, effective from 18 May 2022. Given that it only has around 290,000 shares now, its share price has to go up to USD140 in order to maintain the same market capitalisation of USD40 billion. More upside!
At the Jardine Matheson Holding& rsquo s AGM on 5th May 2022, shareholders approved the
cancellation of 426,938,280 shares in the Company as part of a reduction in capital (the
& lsquo Reduction& rsquo ) which constituted the final stage in the Group simplification which started last
March. On 18th May 2022, the Company announced that the Reduction had taken effect
and that the Company& rsquo s issued share capital was now 289,435,103 shares.
https://links.sgx.com/FileOpen/JMH.ashx?App=Announcement& FileID=717879
59.0 now
nice rally enjoy the ride
its the weekend
ozone2002 ( Date: 23-Mar-2022 14:56) Posted:
$57.71 up 5.5%
more like free Cheong instead of free fall
Need to discern the fake news forummers from the real ones
U know who has ur money making interest at heart
gd luck dyodd
ozone2002 ( Date: 15-Mar-2022 09:19) Posted:
Bottom out and rebounding today with this being one of the top gainer
gd luck dyod |
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I must commend on ur flawless track record
Mocha_frosco ( Date: 17-Mar-2022 09:32) Posted:
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wow .... master in fortune telling for JMH
$57.71 up 5.5%
more like free Cheong instead of free fall
Need to discern the fake news forummers from the real ones
U know who has ur money making interest at heart
gd luck dyodd
ozone2002 ( Date: 15-Mar-2022 09:19) Posted:
Bottom out and rebounding today with this being one of the top gainer
gd luck dyodd
ozone2002 ( Date: 11-Mar-2022 11:10) Posted:
55.33  -0.69
It' s oversold, time for a technical entry
accumulating at Low $55
gd luck dyodd |
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free fall...
$57.46 top gainer today
know how to read charts and ignore the noose
gd luck dyodd
ozone2002 ( Date: 16-Mar-2022 11:59) Posted:
Now at $55
bottom reversal in place
gd luck dyodd
ozone2002 ( Date: 15-Mar-2022 09:19) Posted:
Bottom out and rebounding today with this being one of the top gainer
gd luck dyod |
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free fall...
Now at $55
bottom reversal in place
gd luck dyodd
ozone2002 ( Date: 15-Mar-2022 09:19) Posted:
Bottom out and rebounding today with this being one of the top gainer
gd luck dyodd
ozone2002 ( Date: 11-Mar-2022 11:10) Posted:
55.33 -0.69
It' s oversold, time for a technical entry
accumulating at Low $55
gd luck dyodd |
|
|
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Bottom out and rebounding today with this being one of the top gainer
gd luck dyodd
ozone2002 ( Date: 11-Mar-2022 11:10) Posted:
55.33 -0.69
It' s oversold, time for a technical entry
accumulating at Low $55
gd luck dyodd |
|
free fall....
55.33 -0.69
It' s oversold, time for a technical entry
accumulating at Low $55
gd luck dyodd
Jardine Matheson climbs out of the red to post FY21 net profit of US$1.9b
JARDINE Matheson Holdings (JMH) on Thursday reported a net profit of US$1.9 billion for the full year ended Dec 31, reversing from a loss of US$394 million a year ago.
The group recorded a narrower decrease in fair value of investment properties, and an increase in fair value of investment properties from its share of the results of associates and joint ventures.
Underlying profit, which excludes non-trading items, increased 39 per cent to US$1.5 billion.
The group recorded earnings per share of US$6.01 for FY2021, compared with a loss per share of US$1.07 the year before.
The board has proposed a final dividend of US$1.56 per share, higher than the US$1.28 a year ago. This brings the total dividends per share in 2021 to US$2, up from US$1.72 the year before. The final dividend will be paid on May 11.
JMH said its better showing was driven by a stronger contribution from Astra, which is in businesses such as distributing cars, coal mining and operating oil palm plantations JMH' s turnaround also comes from better results from South-east Asian businesses held by Jardine Cycle & Carriage, and improved contributions from the group' s motors business, which saw a higher contribution from the interest in Zhongsheng.
Jardine Matheson Holdings (JMH) on Thursday reported a net profit of US$1.9 billion for the full year ended Dec 31, reversing from a loss of US$394 million a year ago. The group recorded a narrower decrease in fair value of investment properties, and an increase in fair value of investment properties from its share of the results of associates and joint ventures. Underlying profit, which excludes non- trading items, increased 39 per cent to US$1.5 billion. The group recorded earnings per share of US$6.01 for FY2021, compared with a loss per share of US$1.07 the year before. The board has proposed a final dividend of US$1.56 per share, higher than the US$1.28 a year ago. This brings the total dividends per share in 2021 to US$2, up from US$1.72 the year before. The final dividend will be paid on May 11. MH said its better showing was driven by a stronger contribution from Astra, which is in businesses such as distributing cars, coal mining and operating oil palm plantations JMH' s turnaround also comes from better results from South-east Asian businesses held by Jardine Cycle & Carriage, and improved contributions from the group' s motors business, which saw a higher contribution from the interest in Zhongsheng. (BT)
Jardine Matheson, having spent nearly US$250 million to buy back shares over the last two months, plans to allocate another US$250 million to do the same by next June.
The company&rsquo s current share buy back programme first commenced on Sept 30. According to Jardine Matheson in its Dec 8 announcement, it has already spent nearly US$250 million to buy back and cancel those shares.
The most recent buying was earlier on Dec 8, with 33,000 shares bought back at prices ranging between US$54.01 and US$54.5.
Jardine Matheson&rsquo s net asset value per share as at June 30 was US$94.17.ozone2002 ( Date: 05-Nov-2021 09:29) Posted:
Last:60.0  +2.36
just keeps gg higher
far away from Nav
continue to accumulate
gd luck dyodd
ozone2002 ( Date: 30-Sep-2021 18:01) Posted:
Last:53.04 +2.01
Jardine Matheson launches US$250 mil share buy back programme
As at June 30, Jardine Matheson&rsquo s net asset value was US$94.17 per share, up from US$81.32 per share as at June 30 2020
Very tempting discount, no wonder they buyback their share
this is more institutional play than retailer play
gd luck dyodd |
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Jardine Matheson doubles share-buyback scheme size after closing in early on target
BLUE-CHIP conglomerate Jardine Matheson Holdings JMH USD: J36 -0.88% plans to double the size of its share-buyback scheme to US$500 million, it said on Wednesday (Dec 8).
The group had launched a programme in end-Sep to repurchase up to US$250 million of shares by Jun 30, 2022 it now says it has already nearly achieved this target.
The stated aim of the share-buyback scheme is to reduce the capital of the company, in line with an ongoing capital allocation policy.
" The group remains committed to returning gearing nearer to historic levels over the medium term, following the simplification of the group' s holding structure earlier in the year," it reiterated as it unveiled the bumped up amount.
Last:60.0 +2.36
just keeps gg higher
far away from Nav
continue to accumulate
gd luck dyoddozone2002 ( Date: 30-Sep-2021 18:01) Posted:
Last:53.04 +2.01
Jardine Matheson launches US$250 mil share buy back programme
As at June 30, Jardine Matheson&rsquo s net asset value was US$94.17 per share, up from US$81.32 per share as at June 30 2020
Very tempting discount, no wonder they buyback their share
this is more institutional play than retailer play
gd luck dyodd |
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