Powermatic Data Systems

[BlueKelah]

FY2016 results :

Revenue 9% growth YoY from Wifi products.
EPS 8.1c
Dividend 5c 
NAV 1.36


Pretty boring but stable with slight improvement YoY in top and bottom line. Some losses in both equity portfolio and forex loss due to weakening USD last quarter but it seems with this quarter USD up it should equal out.
And as expected, [lower average occupancy rate amid soft rental market for industrial building]


[The ever increasing reliance on WIFI connection is expected to fuel demand for wireless connectivity products.
The Group will stay vigilant and remain competitive to ride on the potential growth path.
The operating environment is expected to be challenging. Uncertainty regarding the sustainability of the economic recovery in the
Eurozone and the slow growth in USA, the two key principal markets of our wireless connectivity products, may however, stifle the
potential growth.]

-v-

[cyclone]

Full Year Financial Statement And Dividend Announcement for the year ended 31 March 2016 :
http://infopub.sgx.com/FileOpen/Powermat...eID=406248

Some highlights of the financial results:
1. Wireless Connectivity Products division which accounted for 95% of revenue performs satisfactorily.
2. Earning per share on a fully diluted basis is 8.11 cents
3. NAV per share is 1.36 per share
4. Dividend per share declared for the period is 5 cents.
5. P/E ratio is 11, P/B is 0.69, and dividend yield is 5.32% at closing price of 94 cents.
6. Cash and bank balances is around 21 millions. The group is in net cash position.
7. Excellent free cash flow.

[desmondxyz]

Full Year Financial Statement And Dividend Announcement for the year ended 31 March 2016 :
http://infopub.sgx.com/FileOpen/Powermat...eID=406248

Some highlights of the financial results:
1. Wireless Connectivity Products division which accounted for 95% of revenue performs satisfactorily.
2. Earning per share on a fully diluted basis is 8.11 cents
3. NAV per share is 1.36 per share
4. Dividend per share declared for the period is 5 cents.
5. P/E ratio is 11, P/B is 0.69, and dividend yield is 5.32% at closing price of 94 cents.
6. Cash and bank balances is around 21 millions. The group is in net cash position.
7. Excellent free cash flow.

With current cash pile, PM can easily give the same div for the next 10 years with 0 profit from the business.... And there is no plan for expansion or acquisition, why the china boss still so conservative giving out higher div... Not to forget, the gem freehold building recorded in super low book value....

[desmondxyz]

Anybody attended the AGM? any insight?

[BlueKelah]

http://www.nextinsight.net/index.php/sto...ta-systems

Looks like too many people attended in a small crowded room lol...

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[desmondxyz]

http://www.nextinsight.net/index.php/sto...ta-systems

Looks like too many people attended in a small crowded room lol...

Sent from my SM-T800 using Tapatalk

Hmm...No intention of raising dividend is a bit disappointing...

[ksir]

http://www.nextinsight.net/index.php/sto...ta-systems

Looks like too many people attended in a small crowded room lol...

Sent from my SM-T800 using Tapatalk

Hmm...No intention of raising dividend is a bit disappointing...

Without disrespect, whenever the companies I invested appearing in nextinsight i get anxious.
When i keep seeing them there, apparently i no longer see them in my portfolio.

[BlueKelah]

Ha-ha nextinsight is the platform for the analyst to publish and push stocks up mah. Just sell and wait for correction buy another counter loh 😀

Sometimes with their help the stock go to fair value faster can sell and go Lim kopi

Powermatic must wait till the lady CEO take over, otherwise just hope the overseas company they work with offer to buy up, maybe boss will sell since he so old liao.

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[brattzz]

http://www.nextinsight.net/index.php/sto...ta-systems

Looks like too many people attended in a small crowded room lol...

Sent from my SM-T800 using Tapatalk

Hmm...No intention of raising dividend is a bit disappointing...

Without disrespect, whenever the companies I invested appearing in nextinsight i get anxious.
When i keep seeing them there, apparently i no longer see them in my portfolio.

very true leh! , haha! happened a few times too! ok, sell-sell-sell! lock in profit and drink kopi first!

[MOV]

As Qualcomm and WIFI connectivity grows in all our devices, so will PM Data.

http://www.bloomberg.com/news/articles/2...-fees-rise

Company has been more proactive in engaging minority shareholders and I find management honest and sincere, not like some other lousy listed companies.

Meanwhile, shareholders are paid well (~ 5% yield) to wait for the day Dr Chen decides to sell into his golden retirement. I hope they do not delist or privatise anytime soon...