Memtech International

Yield at 6% with huge net cash position >50%, not mr market dun like, just no big fund come in to play yet. Wait till they rotate into this low volume stock and TA people come in, will easily double or quadruple. They will have to do a 2 to 1 soon to stay on mainboard.

Just wait and get paid, never know when BOOM comes.

-- via Xperia Z1 with tapatalk

Results out.

Final dividend of 0.6 cents.

YoY Q4 Profit grew from a deficit of 0.7m to a profit of 2.3m for continuing operations.
FY14 Profit grew from a deficit of 3.8m to a profit of 17m.

Cash remains healthy at 32m, around 50%.

Commentary from Memtech: Barring unforeseen circumstances, performance expected to improved in FY15.

Vested.

Touched 1 year high of 11cts this morning. Looks like it's getting some interests.

(Vested)

(06-03-2015, 10:46 AM)Tiggerbee Wrote: Touched 1 year high of 11cts this morning. Looks like it's getting some interests.

(Vested)

Had interest long time ago, but big player might be start pushing now, they been collecting <10cents for past few months. Trading queue everyday has 100 lots blocking at 10c and low volume. only one day it hit 10.3c but was pushed back to 10c.

Finally they have collected enough and let the share start to run up as company has Cum Div. Given that P/NAV was only 0.5 @ 10c, very easily it will hit 20c on good volume and I suspect the accumulators would like at least to double their money.

Given the cash hoard Memtech has on board, start of share buybacks could also act as catalyst given the undervalue of this company and likely much improved and profitable 2015 going forward.

-v-

Great set of results.

I managed to get my desired lots at today's pull back! Fantastic value at current prices! Hope it goes down further....

getting goreng now after months of share price suppression.

;D

There's a bit of profit taking by short term traders at 11-11.1 cts.

I wonder why the sudden interest in Memtech. Anyway good for all the buddies
(Vested)

There is another thread on Memtech International (http://www.valuebuddies.com/thread-5985.html)
Shall we merge them together?

(12-03-2015, 02:20 PM)Dividend Hermit Wrote: I wonder why the sudden interest in Memtech. Anyway good for all the buddies
(Vested)

There is another thread on Memtech International (http://www.valuebuddies.com/thread-5985.html)
Shall we merge them together?

Merged done. Thank for the heads-up

Regards
Moderator

Heard some broker is bringing them for marketing in SG nxt Mon.