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InnoTek
01-03-2017, 06:42 PM, (This post was last modified: 21-03-2017, 05:20 PM by sgmystique.)
Post: #21
RE: InnoTek
Innotek is surely and steadily getting on a firmer footing! The FY16 results make for pleasant reading for its shareholders.

The pertinent numbers for FY16:

Revenue: $214.740 mil (This is a drop from $233.137 mil achieved in FY15)
Net Profit: $11.569 mil (with NP in 3Q16 & 4Q16 being $5.017 + $4.757 mil)
No. of shares: 223.835 mil (+ 22.821 mil being held as treasury shares)
EPS: $0.0517 (for 2016)
NAV: $0.558
Current Assets - Total liabilities: $61.118 mil
Cash on hand: $29.06 mil
Short term debt: $0.023 mil
Long term debt: $0.05 mil
Current market cap: $79.46 mil (At today's closing price of $0.355)

Considering that the share price has rerated from $0.13 (In April 2016) to $0.355 today (On very large volumes for Innotek), I feel that the market has just started taking notice of this turnaround story. The increase in share price is also appreciable considering there has been absolutely ZERO mention of this firm in the media or on Internet chatter!

The other positive development was the restarting of dividends (0.5 cents for this year). If Innotek is able to maintain the current run rate they should be looking at clocking a NP figure in the range of 15-20 mil SGD in 2017. 
"You are right not because the world agrees or disagrees with you, rather you are right because your facts & reasoning are right."

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06-03-2017, 11:18 AM,
Post: #22
RE: InnoTek
(01-03-2017, 06:42 PM)sgmystique Wrote: Innotek is surely and steadily getting on a firmer footing! The FY16 results make for pleasant reading for its shareholders.

The pertinent numbers for FY16:

Revenue: $214.740 mil (This is a drop from $233.137 mil achieved in FY15)
Net Profit: $11.569 mil (with NP in 3Q16 & 4Q16 being $5.017 + $4.757 mil)
No. of shares: 223.835 mil (+ 22.821 mil being held as treasury shares)
EPS: $0.0517 (for 2016)
NAV: $0.558
Current Assets - Total liabilities: $61.118 mil
Cash on hand: $29.06 mil
Short term debt: $0.023 mil
Long term debt: $0.05 mil
Current market cap: $79.46 mil (At today's closing price of $0.355)

Considering that the share price has rerated from $0.13 (In April 2015) to $0.355 today (On very large volumes for Innotek), I feel that the market has just started taking notice of this turnaround story. The increase in share price is also appreciable considering there has been absolutely ZERO mention of this firm in the media or on Internet chatter!

The other positive development was the restarting of dividends (0.5 cents for this year). If Innotek is able to maintain the current run rate they should be looking at clocking a NP figure in the range of 15-20 mil SGD in 2017. 
These are indeed very good results , with 5 cents EPS and 55 cents NAV the counter is still a bargain even at today's price of 36 cents.
If the trend consolidates and the company resumes its former high dividend distribution policy , I think we can see again the pre-crisis prices between 50-60 cents.

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21-03-2017, 05:24 PM,
Post: #23
RE: InnoTek
Wow!!! Seems like like more and more people are taking note of the significant turnaround in operating performance taking place at Innotek. The share price today closed at $0.39 which is 3 times the price of $0.13 (in April 2016) and that too on pretty decent volumes. 

This is quiet a rapid rerating in less than a year's time. I eagerly look forward to 1Q17 results to confirm that Innotek's change in fortune is very much on track!
"You are right not because the world agrees or disagrees with you, rather you are right because your facts & reasoning are right."

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21-03-2017, 05:56 PM, (This post was last modified: 21-03-2017, 05:57 PM by BlueKelah.)
Post: #24
RE: InnoTek
(21-03-2017, 05:24 PM)sgmystique Wrote: Wow!!! Seems like like more and more people are taking note of the significant turnaround in operating performance taking place at Innotek. The share price today closed at $0.39 which is 3 times the price of $0.13 (in April 2016) and that too on pretty decent volumes. 

This is quiet a rapid rerating in less than a year's time. I eagerly look forward to 1Q17 results to confirm that Innotek's change in fortune is very much on track!

Congrats on this pick!

Manufacturing small caps a lot getting a boost. Good time to be selling ;D
"I love Taiwan"

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21-03-2017, 07:48 PM,
Post: #25
RE: InnoTek
(21-03-2017, 05:56 PM)BlueKelah Wrote:
(21-03-2017, 05:24 PM)sgmystique Wrote: Wow!!! Seems like like more and more people are taking note of the significant turnaround in operating performance taking place at Innotek. The share price today closed at $0.39 which is 3 times the price of $0.13 (in April 2016) and that too on pretty decent volumes. 

This is quiet a rapid rerating in less than a year's time. I eagerly look forward to 1Q17 results to confirm that Innotek's change in fortune is very much on track!

Congrats on this pick!

Manufacturing small caps a lot getting a boost. Good time to be selling ;D

Thanks BlueKelah!

As far as selling is concerned I guess there is still a fair bit to come from Innotek. We can take a call on selling if we see them lose a major customer/ business drops inexplicably. Otherwise I expect them to do far better in FY17 as compared to FY16 (At least in terms of bottomline). Something smilar to what is happening in one of your counters Memtech. I guess Memtech has just about started off on its march  Smile
"You are right not because the world agrees or disagrees with you, rather you are right because your facts & reasoning are right."

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19-04-2017, 09:21 AM,
Post: #26
RE: InnoTek
Any buddy going for the AGM next week?

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19-04-2017, 12:26 PM,
Post: #27
RE: InnoTek
(19-04-2017, 09:21 AM)Life is a game Wrote: Any buddy going for the AGM next week?

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I will be there. Would be interesting to meet up with Mr. Lou and get his take on the path forward for InnoTek.
"You are right not because the world agrees or disagrees with you, rather you are right because your facts & reasoning are right."

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27-04-2017, 03:05 PM, (This post was last modified: 27-04-2017, 03:06 PM by Life is a game.)
Post: #28
RE: InnoTek
Hi buddies. Any takeaways from AGM today? Looks like a lot of interest generated today.

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28-04-2017, 06:54 PM,
Post: #29
RE: InnoTek
Interesting Q1 2017 result. Reverse a loss compared to Q1 2016. Forex loss is one of the main factor. OA customer moving out from China that's why Innotek set up an office in Thailand to follow customer. automotive business could be next wave of earnings? TV bezel business seems to be doing well will need to monitor 4k and 8k TV sales. Cash flow positive is good news hopefully mgmt can increase dividends to reward shareholders next year.

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