Neratel

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(20-05-2016, 08:04 AM)desmondxyz Wrote: http://infopub.sgx.com/FileOpen/20160520...eID=405814

Golden goose baby is back....

whats the impact on NeraTel for selling that company?
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(20-05-2016, 08:04 AM)desmondxyz Wrote: http://infopub.sgx.com/FileOpen/20160520...eID=405814

Golden goose baby is back....

whats the impact on NeraTel for selling that company?
Reply
(20-05-2016, 09:37 AM)stam Wrote:
(20-05-2016, 08:04 AM)desmondxyz Wrote: http://infopub.sgx.com/FileOpen/20160520...eID=405814

Golden goose baby is back....

whats the impact on NeraTel for selling that company?

http://infopub.sgx.com/FileOpen/20160520...eID=405815

Based on Nera’s FY2015 financials, its payment solutions business accounted for approximately 26% of the Companys total revenue of S$181.5 million and approximately 21% of its total earnings of S$13.4 million. Ingenico’s offer of S$88 million represents 35% of Nera’s market capitalization of S$251.5 million as at close of trading on 19 May 2016. 
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(20-05-2016, 09:37 AM)stam Wrote:
(20-05-2016, 08:04 AM)desmondxyz Wrote: http://infopub.sgx.com/FileOpen/20160520...eID=405814

Golden goose baby is back....

whats the impact on NeraTel for selling that company?

http://infopub.sgx.com/FileOpen/20160520...eID=405815

Based on Nera’s FY2015 financials, its payment solutions business accounted for approximately 26% of the Companys total revenue of S$181.5 million and approximately 21% of its total earnings of S$13.4 million. Ingenico’s offer of S$88 million represents 35% of Nera’s market capitalization of S$251.5 million as at close of trading on 19 May 2016. 
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Cannot deny the attraction of the boost from that once off spec div. Could be the highest div payout in NeraTel's history.

After that, depends on how the remaining business perform. Oversea expansion is a must to get good grow. One of the best dividend pay master in SGX.
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Cannot deny the attraction of the boost from that once off spec div. Could be the highest div payout in NeraTel's history.

After that, depends on how the remaining business perform. Oversea expansion is a must to get good grow. One of the best dividend pay master in SGX.
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the payment solutions business is a stable re-curring income, after selling it off, wonder if NeraTel still able to sustain the dividends.
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the payment solutions business is a stable re-curring income, after selling it off, wonder if NeraTel still able to sustain the dividends.
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$88M can last more than 10 years of dividends if they did not payout everything. Market condition is completely different animal for such a long period.

Just my Diary
corylogics.blogspot.com/


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$88M can last more than 10 years of dividends if they did not payout everything. Market condition is completely different animal for such a long period.

Just my Diary
corylogics.blogspot.com/


Reply
(21-05-2016, 07:27 PM)corydorus Wrote: $88M can last more than 10 years of dividends if they did not payout everything. Market condition is completely different animal for such a long period.

Most of the proceeds should be paid out at one go. The other businesses under Nera do not require much working capital, and North Star would want to boost its fund's IRR so returning the money to investors ASAP is in their interest.
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I do not give stock tips. So please do not ask, because you shall not receive.
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(21-05-2016, 07:27 PM)corydorus Wrote: $88M can last more than 10 years of dividends if they did not payout everything. Market condition is completely different animal for such a long period.

Most of the proceeds should be paid out at one go. The other businesses under Nera do not require much working capital, and North Star would want to boost its fund's IRR so returning the money to investors ASAP is in their interest.
---
I do not give stock tips. So please do not ask, because you shall not receive.
Reply
(20-05-2016, 11:24 AM)desmondxyz Wrote:
(20-05-2016, 09:37 AM)stam Wrote:
(20-05-2016, 08:04 AM)desmondxyz Wrote: http://infopub.sgx.com/FileOpen/20160520...eID=405814

Golden goose baby is back....

whats the impact on NeraTel for selling that company?

http://infopub.sgx.com/FileOpen/20160520...eID=405815

Based on Nera’s FY2015 financials, its payment solutions business accounted for approximately 26% of the Companys total revenue of S$181.5 million and approximately 21% of its total earnings of S$13.4 million. Ingenico’s offer of S$88 million represents 35% of Nera’s market capitalization of S$251.5 million as at close of trading on 19 May 2016. 

Based on share price of April 7 of 0.53 till last closing of 0.70, it represent a rise of 30%. Since the 88 mil offer represents 35% of Market Cap, the market had already reacted to the news, with no arbitrage possibility..
Reply
(20-05-2016, 11:24 AM)desmondxyz Wrote:
(20-05-2016, 09:37 AM)stam Wrote:
(20-05-2016, 08:04 AM)desmondxyz Wrote: http://infopub.sgx.com/FileOpen/20160520...eID=405814

Golden goose baby is back....

whats the impact on NeraTel for selling that company?

http://infopub.sgx.com/FileOpen/20160520...eID=405815

Based on Nera’s FY2015 financials, its payment solutions business accounted for approximately 26% of the Companys total revenue of S$181.5 million and approximately 21% of its total earnings of S$13.4 million. Ingenico’s offer of S$88 million represents 35% of Nera’s market capitalization of S$251.5 million as at close of trading on 19 May 2016. 

Based on share price of April 7 of 0.53 till last closing of 0.70, it represent a rise of 30%. Since the 88 mil offer represents 35% of Market Cap, the market had already reacted to the news, with no arbitrage possibility..
Reply
(22-05-2016, 12:26 PM)d.o.g. Wrote:
(21-05-2016, 07:27 PM)corydorus Wrote: $88M can last more than 10 years of dividends if they did not payout everything. Market condition is completely different animal for such a long period.

Most of the proceeds should be paid out at one go. The other businesses under Nera do not require much working capital, and North Star would want to boost its fund's IRR so returning the money to investors ASAP is in their interest.

Meaning OPMI's interest indirectly taken care of?
Reply
(22-05-2016, 12:26 PM)d.o.g. Wrote:
(21-05-2016, 07:27 PM)corydorus Wrote: $88M can last more than 10 years of dividends if they did not payout everything. Market condition is completely different animal for such a long period.

Most of the proceeds should be paid out at one go. The other businesses under Nera do not require much working capital, and North Star would want to boost its fund's IRR so returning the money to investors ASAP is in their interest.

Meaning OPMI's interest indirectly taken care of?
Reply
Request for Trading Halt : Pending announcement.
Specuvestor: Asset - Business - Structure.
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Request for Trading Halt : Pending announcement.
Specuvestor: Asset - Business - Structure.
Reply
Announcement out already:

RESIGNATION OF CHIEF EXECUTIVE OFFICER
The Board of Nera Telecommunications Ltd wishes to announce that Mr Ang Seong Kang Samuel, Chief
Executive Officer, has tendered his resignation on 24 October 2016. In accordance with his contractual
obligations, he will continue to be employed by the company for a period of eighteen (18) months and will
facilitate the transition of leadership. His final day of service with the company shall be on 23 April 2018.
The Board has appointed Mr Beck Tong Hong to serve as acting Chief Executive Officer in the interim.
The information required pursuant to Rule 704(7) of the SGX Listing Manual containing the particulars on
Mr Ang’s resignation will be announced separately.
By Order of the Board
Wong Su-Yen
Chairman
Date: 25 October 2016


One thing I find it strange is that the termination notice is 18 mths. Unusually long. Never come across such terms of employment. To me if the employee heart is not there then it's better to let him go as soon as practical instead of hanging on as a zombie.
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Announcement out already:

RESIGNATION OF CHIEF EXECUTIVE OFFICER
The Board of Nera Telecommunications Ltd wishes to announce that Mr Ang Seong Kang Samuel, Chief
Executive Officer, has tendered his resignation on 24 October 2016. In accordance with his contractual
obligations, he will continue to be employed by the company for a period of eighteen (18) months and will
facilitate the transition of leadership. His final day of service with the company shall be on 23 April 2018.
The Board has appointed Mr Beck Tong Hong to serve as acting Chief Executive Officer in the interim.
The information required pursuant to Rule 704(7) of the SGX Listing Manual containing the particulars on
Mr Ang’s resignation will be announced separately.
By Order of the Board
Wong Su-Yen
Chairman
Date: 25 October 2016


One thing I find it strange is that the termination notice is 18 mths. Unusually long. Never come across such terms of employment. To me if the employee heart is not there then it's better to let him go as soon as practical instead of hanging on as a zombie.
Reply


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