Neratel

[GPD]

Q1 Y-to-Y topline increases but bottomline decreases.
Q-to-Q for last 3 Q topline decreases but bottomline increases.
Q2 not their best performing quarter (excluding once-off) based on last two FYs.
6cts div no problem if Asia System wants it.

(not vested)

A 6 cents dividend would be very welcome but, imo, unlikely unless we see a significant growth in net income. Last year's extra 2 cents was driven by the extra ordinary gain following the purchase of its Malaysian affiliate (and that affiliate's cash balance). Neratel typically runs a peak cash balance of around $40mm which then drops to around $25mm post dividend. Its management is quite conservative and I think they like this cash buffer.

(vested)

That's true although the Market may now expect it.

[yawnyawn]

2 cents div declared! Looks like it will be 6c dividend going forward.
http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

2q14 results.

The Group’s business comprises of two main business segments, namely Telecommunications and Infocommunications. In 1H 2014, the Group secured approx. $104.1 million in order in-take, a decline of 13.9% compared to 1H 2013 of $121.0 million.
http://infopub.sgx.com/FileOpen/Nera_Ann...eID=308438

(Vested)

[desmondxyz]

2 cents div declared! Looks like it will be 6c dividend going forward.
http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

2q14 results.

The Group’s business comprises of two main business segments, namely Telecommunications and Infocommunications. In 1H 2014, the Group secured approx. $104.1 million in order in-take, a decline of 13.9% compared to 1H 2013 of $121.0 million.
http://infopub.sgx.com/FileOpen/Nera_Ann...eID=308438

(Vested)

New Boss so eager to squeeze the neracow....

[GreedandFear]

2 cents div declared! Looks like it will be 6c dividend going forward.
http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

2q14 results.

The Group’s business comprises of two main business segments, namely Telecommunications and Infocommunications. In 1H 2014, the Group secured approx. $104.1 million in order in-take, a decline of 13.9% compared to 1H 2013 of $121.0 million.
http://infopub.sgx.com/FileOpen/Nera_Ann...eID=308438

(Vested)

New Boss so eager to squeeze the neracow....

Well, let's hope we are looking at a total 6 cents annual dividend....the other plausible explanation would be that they have just split the annual 4 cents dividend into 2 payments - something that they had mentioned as a possibility (at last year's AGM) as several investors had asked for more frequent payments.

Whilst the results were ok but nothing to get excited about (at the end of the day, lumpy orders makes quarterly analysis a bit difficult wrt trends), what really caught my eye was the statement that "we are in advance discussions with a bank for a debt facility to drive the growth of the company". Interestingly, this was under the headline : "Strong balance sheet, with zero debt".

To me this can only mean that the company is looking to make an acquisition (or several small ones) which would make sense given the fragmented nature of the competitive landscape and would position it for an eventual trade sale (presumably North Star's end game.

Vested

[BlueKelah]

1. Who are the major customers for Neratel?
2. Who are the main competitors for Neratel?
3. What is the Neratel’s competitive advantage?
4. What is the expectation for this industry in the next 3 years?
5. What are the potential developments for this industry in the next 3 years?
6. What are the major challenges for this industry in the next 3 years?
7. What are the factors that drive the industry? What does the revenue/demand depend on?
8. What are some of the primary costs for this industry?
9. What are the current market trends that help to achieve Neratel’s greater success?

Hi good to see you are posting lotsa questions and your interest in Neratel. This is a company in quite a good and niche business segment.

Unfortunately I am not vested in Neratel as consider it overvalued. It has had a good run up these past couple years but since not moved much ever since their announcement of foray into Myanmar (supposed to be growth market, but for me its another bubble market if you have watched the UK Top Gear Folks racing lorries on their empty multilane highways, just like the race in empty Spanish Cities.)

Otherwise quite a few of your questions can be answered just by reading all the post in this thread all de way from page 1 Another helpful resource is to go to SGX.com and download the annual reports for past few years which will shed more light on business direction.

Perhaps other buddies expert with Neratel can answer all in a row

[CityFarmer]

1. Who are the major customers for Neratel?
2. Who are the main competitors for Neratel?
3. What is the Neratel’s competitive advantage?
4. What is the expectation for this industry in the next 3 years?
5. What are the potential developments for this industry in the next 3 years?
6. What are the major challenges for this industry in the next 3 years?
7. What are the factors that drive the industry? What does the revenue/demand depend on?
8. What are some of the primary costs for this industry?
9. What are the current market trends that help to achieve Neratel’s greater success?

Good set of questions, and the remaining task is to find the answers

(not vested)

[greengiraffe]

1. Who are the major customers for Neratel?
2. Who are the main competitors for Neratel?
3. What is the Neratel’s competitive advantage?
4. What is the expectation for this industry in the next 3 years?
5. What are the potential developments for this industry in the next 3 years?
6. What are the major challenges for this industry in the next 3 years?
7. What are the factors that drive the industry? What does the revenue/demand depend on?
8. What are some of the primary costs for this industry?
9. What are the current market trends that help to achieve Neratel’s greater success?

Good set of questions, and the remaining task is to find the answers

(not vested)

Are you able to help me find out all the answers? I need it urgently..

The spirit here will be to help oneself...

If you are a student doing a project... all the more you should help yrself...

Odd Lots Vested
GG

[CityFarmer]

1. Who are the major customers for Neratel?
2. Who are the main competitors for Neratel?
3. What is the Neratel’s competitive advantage?
4. What is the expectation for this industry in the next 3 years?
5. What are the potential developments for this industry in the next 3 years?
6. What are the major challenges for this industry in the next 3 years?
7. What are the factors that drive the industry? What does the revenue/demand depend on?
8. What are some of the primary costs for this industry?
9. What are the current market trends that help to achieve Neratel’s greater success?

Good set of questions, and the remaining task is to find the answers

(not vested)

Are you able to help me find out all the answers? I need it urgently..

This forum promotes a practice of DIY research, because we believe that the best answers are usually from DIY research, rather than expert's answers.

You are half-way to success with a set of good questions, keep it up with the other half.

[level13]

Neratel is only giving 2 cents of dividend.

http://infopub.sgx.com/Apps?A=COW_CorpAn...OyMqWthiK0


This is a 50% drop from last year. I believe the market wont take this news too kindly. Expect a drop in share price tomorrow.

[BlueKelah]

Neratel is only giving 2 cents of dividend.

http://infopub.sgx.com/Apps?A=COW_CorpAn...OyMqWthiK0


This is a 50% drop from last year. I believe the market wont take this news too kindly. Expect a drop in share price tomorrow.

No one off gains mah, already expected. At least they have maintained 4c div at least from their 4.48c EPS, already gave 2cent interim last year. Div yield 5.19% not bad what.

Revenue wise is flat. Market should not have much reaction on this news.

But looks like the Myanmar growth story after all is just a story...