Neratel

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(05-05-2015, 10:55 PM)Ray168 Wrote: Since Eltek sold the entire stake to Asia System Ltd (Northstar) in 2012, I think Mr. Samuel Ang Siong Kang (CEO/President) also sold all his 1 mil shares...

If this is true, then there will be top level management change soon.

Will this change has negative impact to Neratel future?

Anyone has better info to share?

Samuel exchanged his Nera Tel shares for shares in Canopus Asia, the company used by Northstar to hold its stake in Nera Tel. The transaction was done to align Samuel's interests with those of Northstar.
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(05-05-2015, 10:55 PM)Ray168 Wrote: Since Eltek sold the entire stake to Asia System Ltd (Northstar) in 2012, I think Mr. Samuel Ang Siong Kang (CEO/President) also sold all his 1 mil shares...

If this is true, then there will be top level management change soon.

Will this change has negative impact to Neratel future?

Anyone has better info to share?

Samuel exchanged his Nera Tel shares for shares in Canopus Asia, the company used by Northstar to hold its stake in Nera Tel. The transaction was done to align Samuel's interests with those of Northstar.
---
I do not give stock tips. So please do not ask, because you shall not receive.
Reply
Thanks d.o.g. for your clarification.
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Thanks d.o.g. for your clarification.
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NeraTel just released it Q2 results yesterday.

Surprisingly, they are giving 2.5cts interim dividends.

Q2 NP of 3.9mil is an improvement compared to Q1 3mil but half-year NP of 7mil is less than half of the FY2013/2014 NP of of 16mil (exclude the one-off from NeraTel malaysia).

That 2.5cts div will cost them 9mil which is more than the half year NP of 7mil. After payment cash remaining will be about 9.2mil compared to existing debt of 10.6mil.

Not sure why they are paying 2.5cts instead of the usual 2cts. This set an expectation of at least 2.5cts final div. Is the parent coy squeezing NeraTel CF or they are very confident that the next 2 quarter NP will increased?
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NeraTel just released it Q2 results yesterday.

Surprisingly, they are giving 2.5cts interim dividends.

Q2 NP of 3.9mil is an improvement compared to Q1 3mil but half-year NP of 7mil is less than half of the FY2013/2014 NP of of 16mil (exclude the one-off from NeraTel malaysia).

That 2.5cts div will cost them 9mil which is more than the half year NP of 7mil. After payment cash remaining will be about 9.2mil compared to existing debt of 10.6mil.

Not sure why they are paying 2.5cts instead of the usual 2cts. This set an expectation of at least 2.5cts final div. Is the parent coy squeezing NeraTel CF or they are very confident that the next 2 quarter NP will increased?
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Just noted that NeraTel's website is undergoing a reconstruction.....hm......
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Just noted that NeraTel's website is undergoing a reconstruction.....hm......
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(06-08-2015, 02:16 PM)GPD Wrote: NeraTel just released it Q2 results yesterday.

Surprisingly, they are giving 2.5cts interim dividends.

Q2 NP of 3.9mil is an improvement compared to Q1 3mil but half-year NP of 7mil is less than half of the FY2013/2014 NP of of 16mil (exclude the one-off from NeraTel malaysia).

That 2.5cts div will cost them 9mil which is more than the half year NP of 7mil. After payment cash remaining will be about 9.2mil compared to existing debt of 10.6mil.

Not sure why they are paying 2.5cts instead of the usual 2cts. This set an expectation of at least 2.5cts final div. Is the parent coy squeezing NeraTel CF or they are very confident that the next 2 quarter NP will increased?

The company did note that the order book is running about 20% ahead of 2014, so that may account for their "optimism" in paying a higher interim dividend....
Reply
(06-08-2015, 02:16 PM)GPD Wrote: NeraTel just released it Q2 results yesterday.

Surprisingly, they are giving 2.5cts interim dividends.

Q2 NP of 3.9mil is an improvement compared to Q1 3mil but half-year NP of 7mil is less than half of the FY2013/2014 NP of of 16mil (exclude the one-off from NeraTel malaysia).

That 2.5cts div will cost them 9mil which is more than the half year NP of 7mil. After payment cash remaining will be about 9.2mil compared to existing debt of 10.6mil.

Not sure why they are paying 2.5cts instead of the usual 2cts. This set an expectation of at least 2.5cts final div. Is the parent coy squeezing NeraTel CF or they are very confident that the next 2 quarter NP will increased?

The company did note that the order book is running about 20% ahead of 2014, so that may account for their "optimism" in paying a higher interim dividend....
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Looks like a dividend stock indeed.
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Looks like a dividend stock indeed.
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Stock is down almost 8% today after Q3 2015 results announced.

40% down in profit for Q3 alone.

YTD profits are down 22%

YTD EPS is 2.49 cents, Interim dividend was 2.5 cents.

Could this mean that they may reduce annual final dividend from 2 to 1 or 0.5 cents? Is that why the stock is down.

Long term record shows that they do pay two dividends, but with such a drastic drop in revenue and profit in YTD 2015, can they sustain that record?


Attached Files
.pdf   NTL_Ann_3Q15Results_Att.pdf (Size: 98.53 KB / Downloads: 15)
.pdf   NTL_Ann_3Q15Presentation_Att.pdf (Size: 2.26 MB / Downloads: 5)
Disclaimer :-

I am not an investment professional.

I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.

Nothing written here is an invitation to buy or sell any particular stock.

At most, I am handing out an educated guess as to what the markets may do.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures
Reply
Stock is down almost 8% today after Q3 2015 results announced.

40% down in profit for Q3 alone.

YTD profits are down 22%

YTD EPS is 2.49 cents, Interim dividend was 2.5 cents.

Could this mean that they may reduce annual final dividend from 2 to 1 or 0.5 cents? Is that why the stock is down.

Long term record shows that they do pay two dividends, but with such a drastic drop in revenue and profit in YTD 2015, can they sustain that record?


Attached Files
.pdf   NTL_Ann_3Q15Results_Att.pdf (Size: 98.53 KB / Downloads: 15)
.pdf   NTL_Ann_3Q15Presentation_Att.pdf (Size: 2.26 MB / Downloads: 5)
Disclaimer :-

I am not an investment professional.

I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.

Nothing written here is an invitation to buy or sell any particular stock.

At most, I am handing out an educated guess as to what the markets may do.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures
Reply
(06-11-2015, 09:58 AM)Shrivathsa Wrote: Stock is down almost 8% today after Q3 2015 results announced.

40% down in profit for Q3 alone.

YTD profits are down 22%

YTD EPS is 2.49 cents, Interim dividend was 2.5 cents.

Could this mean that they may reduce annual final dividend from 2 to 1 or 0.5 cents? Is that why the stock is down.

Long term record shows that they do pay two dividends, but with such a drastic drop in revenue and profit in YTD 2015, can they sustain that record?

NeraTel used to pay 3-4cts div per year except for last two FY which hit pay out 6cts due to some exceptional events.

This year when they declared 2.5cts interim,  I think it set an expectation of at least a full year 5cts div.  Looking at its latest result, I think it is not instilling enough confident to the market that that 5cts is achievable.

I think a lower final year dividend is a possible scenario unless business turn exceptionally good for Q4.
Reply
(06-11-2015, 09:58 AM)Shrivathsa Wrote: Stock is down almost 8% today after Q3 2015 results announced.

40% down in profit for Q3 alone.

YTD profits are down 22%

YTD EPS is 2.49 cents, Interim dividend was 2.5 cents.

Could this mean that they may reduce annual final dividend from 2 to 1 or 0.5 cents? Is that why the stock is down.

Long term record shows that they do pay two dividends, but with such a drastic drop in revenue and profit in YTD 2015, can they sustain that record?

NeraTel used to pay 3-4cts div per year except for last two FY which hit pay out 6cts due to some exceptional events.

This year when they declared 2.5cts interim,  I think it set an expectation of at least a full year 5cts div.  Looking at its latest result, I think it is not instilling enough confident to the market that that 5cts is achievable.

I think a lower final year dividend is a possible scenario unless business turn exceptionally good for Q4.
Reply
I think the 3Q results were adversely impacted by foreign exchange effects due to consolidation of the results of foreign subsidiaries.

As management does not provide revenue comparisons on constant currency basis, it is difficult to quantify how much of the decline in revenue reflects reduction in business activity and how much is due to currency effects.

However, the extent of decline in new order intake in 3Q15 is a bigger worry. The group secured only $39.1 million in new order intake in the third quarter compared to $68 million in the second quarter and $57.6 million in the first quarter.
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I think the 3Q results were adversely impacted by foreign exchange effects due to consolidation of the results of foreign subsidiaries.

As management does not provide revenue comparisons on constant currency basis, it is difficult to quantify how much of the decline in revenue reflects reduction in business activity and how much is due to currency effects.

However, the extent of decline in new order intake in 3Q15 is a bigger worry. The group secured only $39.1 million in new order intake in the third quarter compared to $68 million in the second quarter and $57.6 million in the first quarter.
Reply
I was going to wait for the full year results, but sold off anyway in Jan 2016 as I thought they would cut the dividends.

In hindsight, that was a sensible thing to do.
Disclaimer :-

I am not an investment professional.

I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.

Nothing written here is an invitation to buy or sell any particular stock.

At most, I am handing out an educated guess as to what the markets may do.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures
Reply
I was going to wait for the full year results, but sold off anyway in Jan 2016 as I thought they would cut the dividends.

In hindsight, that was a sensible thing to do.
Disclaimer :-

I am not an investment professional.

I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.

Nothing written here is an invitation to buy or sell any particular stock.

At most, I am handing out an educated guess as to what the markets may do.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures
Reply


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