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MTQ Corporation
25-08-2016, 03:31 PM,
Post: #411
RE: MTQ Corporation
still got positive operating cashflows, so means they can tahan, watch out for that though...
can "tong" for at least 4Qs/6Qs no problem...

Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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05-10-2016, 01:10 PM,
Post: #412
RE: MTQ Corporation
Proposed Disposal Of The Entire Issued and Paid-up Capital of MTQ Engine Systems (Aust) Pty Ltd To Bapcor Limited - http://infopub.sgx.com/FileOpen/MTQ_SPA....eID=423567

Estimated selling price is S$17.6M which will raise NTA to 68cents/share and reduce net gearing to 1.4%.

The Engine systems business has been producing revenue close to S$50M and operating profits between S$1-2M for the past 4 years.

At $1.6M(FY16 operating profit), business was sold at 11x earnings. A fair price imho.

(vested)

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07-10-2016, 12:21 AM,
Post: #413
RE: MTQ Corporation
start selling off assets for cash.... looks like a formula for delisting soon...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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28-10-2016, 06:29 PM,
Post: #414
RE: MTQ Corporation
2QFY17 losses due to prevalent weakness in activity
* Depressed activity levels in the oilfield and subsea sectors continue
* Improved Bahrain performance despite pricing pressures
* Proposed disposal of Engine Systems division, strengthening balance sheet

Mr Kuah Boon Wee, Group Chief Executive Officer said,
"We continued to see weak subsea demand in all operating areas except in the Middle East where activity remains robust.
We will look to focus on growing our business in the Middle East. Overall recovery will require an improvement in activity levels, especially in the South East Asia/Australia region, where sentiment remains muted.
While we remain attentive to cash conservation and labour utilization, the disposal of the Engine Systems business will help to further improve the balance sheet, weather the current down-turn and capitalise on new opportunities."

2QFY17 results : http://infopub.sgx.com/FileOpen/MTQ_2QFY...eID=426721
Specuvestor: Asset - Business - Structure.

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18-09-2017, 12:35 PM,
Post: #415
RE: MTQ Corporation
Mmm... MTQ brought a valve company, and started share buy-backs, Smile
start to monitor, Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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