PNE Industries

[sgpunter]

Very disappointing 2H in my opinion. Big write down and losses incurred. Dividend amount is a mere consolation and the only potential catalyst now is the outcome of the SPA. Otherwise, got to wait half a year more to see how the core business is doing...my guess is if the core business is not doing well, they may use the sale of the third tranche to sustain profitability and dividend payout...let's wait and see.