MTQ Corporation

[brattzz]

I hope they can pay down their loans agressively, $58.8milos, with the FCF...

Maintain or lower the dividends scripts is fine with me.

[Musicwhiz]

I hope they can pay down their loans agressively, $58.8milos, with the FCF...

Maintain or lower the dividends scripts is fine with me.

9M 2013 FCF was about $13.7m, so it should be sufficient to pay off the debt gradually (plus finance costs). If we can assume stronger FCF in the last quarter of FY 2013, this may provide a good guidance for FY 2014 FCF; with Bahrain picking up and PSL and Pemac being integrated with MTQ ops, there is a chance FCF would pick up, unless Engine Systems drains it all up!

Hope they can also pull off a coup by divesting their Engine Systems soon freeing up the capital locked inside it.

[pianist]

Still praying for 168.

[dydx]

I am quite sure many shareholders and potential investors will be going through the just released above-expectation FY13 (ended 31Mar13) full-year results with a fine comb.....
http://info.sgx.com/webcoranncatth.nsf/V...300330582/$file/MTQ_Announcement_06052013.pdf?openelement [result announcement]
http://info.sgx.com/webcoranncatth.nsf/V...300330582/$file/MTQ_FY2013_Press_Release_06052013.pdf?openelement [press release]

By simply annualizing the 4Q's key P&L numbers - which included/consolidated ASX-listed Neptune Marine Services Ltd ("Neptune") as a new 86.81%-owned subsidiary - MTQ is now a running enterprise with a yearly Revenue of close to $400.0m and PBT of close to $40.0m, before considering further business growth and full recovery of Neptune.

The proposed 1-for-4 bonus issue is a positive surprise! Coupled to it is a further positive surprise that the new bonus share shall be entitled to the unchanged $0.02/share Final dividend (with scrip option). As a shareholder I am already about to want to jump high and low! I think there is a high chance that Mr Market would get excited on MTQ right from the starting bell tomorrow morning!

[investingsgx]

They are buying neptune Marine at a slight discount.

Their total Equity for Half Year Results Dec 2012 is about A$64M after deducting accumulated losses and their takeover bid is A$57.6M. A discount of about A$6.4M

[brattzz]

actually i can't understand what's the point of bonus issue? to improve liquidity?
or further dilutions of 25%?

anyhow, the 2cts scripts applicable on the bonus issue is good!

how about 2.5cts scripts instead of the bonus issue?

[NTL]

Am I too late for the party?

[pianist]

I am vested and bought long time ago below 50cents. Praying for 168

[dydx]

Is MTQ now with a market cap of $136.7m (based on 100.168m issued shares and the last done share price of $1.365) over-priced? Clearly, not!

Based on MTQ's latest quarterly earnings and its growth momentum (including Neptune's profit recovery, which is still in the very early phase), is a potential market cap of $200.0m over the next 12 months possible, too far-fetched or unreasonable?

[NTL]

I am vested and bought long time ago below 50cents. Praying for 168

Ok. Joined the party. My tickets are almost 3x yours. Popular mah, what to do?