Neratel

(16-10-2012, 09:43 AM)KopiKat Wrote:

(16-10-2012, 09:33 AM)WolfT Wrote:

(16-10-2012, 09:17 AM)yeokiwi Wrote: This spike is chicken-feet as compared with YHS.

but but ... i have a lot a lot of Neratel...
Maybe my 'a lot' may not be a lot to other people!
Neratel consist of 20% of my portfolio.
A lot of people can find good stocks but don't dare to punt enough to make a difference.
But doesn't matter lar,black or white cat, as long as can catch mice, it is a good cat!

Ah... yes... A very meaningful amount... Congrats!
I do know a lot of people who'll cling on to just their 1-2 lots of multi-baggers but somehow, they don't seem to be getting any richer cos' they never ever buy a meaningful amount due to FEAR of being wrong....

PS. I'd rather have 20% (10% is fine also) of my monies in a stock that went up 25% rather than 0.xx% in a stock that went up 100%... Go figure the Math...

Congrats to you too. 25% gain if bought @ $0.40

IMO, the meaningful amount should be at least 5%, prefer at 10%, increases when confidence level is higher, cap at 20%. Otherwise (as KopiKat highlighted) no meaningful reward upon be right.

Neratel share price raise up to $0.535, a price much more than STE offer.

Congrats to shareholders...

DMG has re-initiated coverage on Neratel with a fairly comprehensive 20 page report -

http://www.remisiers.org/cms_images/rese...eraTel.pdf [Report]

(Not Vested)

UNAUDITED THIRD QUARTER FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT FOR THE PERIOD ENDED 30 SEPTEMBER 2012

Buying this kind of stock is really aimed low and heng heng strike high.

(18-10-2012, 06:47 PM)yeokiwi Wrote: Buying this kind of stock is really aimed low and heng heng strike high.

For Telecom, MENA is performing to expectations. For me, the bonus is the growth in Infocomm. Happily reading from Pg 8 onwards..

(18-10-2012, 06:54 PM)KopiKat Wrote:

(18-10-2012, 06:47 PM)yeokiwi Wrote: Buying this kind of stock is really aimed low and heng heng strike high.

For Telecom, MENA is performing to expectations. For me, the bonus is the growth in Infocomm. Happily reading from Pg 8 onwards..

Hi Kopikat,

What could be the reason why there is increase in receivable? hard to receive money from Mena??

(18-10-2012, 07:53 PM)Gregg Wrote: What could be the reason why there is increase in receivable? hard to receive money from Mena??

AFAIK, when biz goes up, we'd expect to see a corresponding increase in Receivables (credit to customers) and Payables (credit from supplier). Let's look at their accts for the past few quarters / years,

[wrap]
[table=NeraTel]
Q312
Q212
Q112
FY11
FY10
FY09[/table]
[table=Receivables]
60,191
52,643
58,487
56,272
39,199
25,280[/table]
[table=Payables]
46,701
46,626
47,206
54,047
37,302
30,508[/table]
[/wrap]

Prior to FY12, we do see a good balance between Payables and Receivables. But, from FY12, it does look like their payment terms are shorter than their collection terms. Not sure if it's by choice or not tho'...

(18-10-2012, 09:40 PM)KopiKat Wrote:

(18-10-2012, 07:53 PM)Gregg Wrote: What could be the reason why there is increase in receivable? hard to receive money from Mena??

AFAIK, when biz goes up, we'd expect to see a corresponding increase in Receivables (credit to customers) and Payables (credit from supplier). Let's look at their accts for the past few quarters / years,

[wrap]
[table=NeraTel]
Q312
Q212
Q112
FY11
FY10
FY09[/table]
[table=Receivables]
60,191
52,643
58,487
56,272
39,199
25,280[/table]
[table=Payables]
46,701
46,626
47,206
54,047
37,302
30,508[/table]
[/wrap]

Prior to FY12, we do see a good balance between Payables and Receivables. But, from FY12, it does look like their payment terms are shorter than their collection terms. Not sure if it's by choice or not tho'...

Is it alarming?
As Q4 need to have positive FCF 7-8mil to make up the 4cents payout, else it will start to deplete its cash balance...

Base on cash flow statement, PBT increases by almost 100%, while OCF is only approx 30% of FY2011

The main culprit is the working capital, mainly accumulating of receivable (both trade and others), and depleting of payable (both trade and other). It seems as Kopikat highlighted, the collection terms are getting longer, while paying terms are getting shorter