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Manufacturing Integration Technology (MIT)
08-05-2017, 07:48 PM,
Post: #61
RE: Manufacturing Integration Technology (MIT)
(08-05-2017, 05:56 PM)cyclone Wrote: Manufacturing Integration Technology Secures New Orders worth $18M for its Semiconductor Equipment

Manufacturing Integration Technology  announced that it has secured new orders totaling $18m for its state-of-the-art semiconductor equipment since its last update on 22 February 2017. This equipment will be used by its customers to produce devices primarily for the mobile communication and memory sectors.

These latest orders bring our total outstanding order book to $23m, which are expected to be delivered in the next 2 quarters, and to contribute positively to the Group’s financial results for the half year ending 30 June 2017.

Notwithstanding its small size and rather erratic financial performance, can we still say that MIT's semicon equipment products are already world-class?  If so, would the big boys in this sphere be interested to acquire MIT just for its products and potential for faster growth as part of a bigger global player?

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18-07-2017, 07:01 PM,
Post: #62
RE: Manufacturing Integration Technology (MIT)
Positive Profit Guidance

Manufacturing Integration Technology Ltd announced that after a preliminary assessment of the unaudited accounts of the Company and its subsidiaries (the "Group") for the half year ended 30 June 2017 (“1H 2017”), the Group has returned to profitability from its loss position in FY 2016. This is in line with the prospect statement in the financial results announcement released on 22 February 2017 whereby the Board had expressed confidence in achieving improved performance in FY 2017. The Group expects sales for 1H 2017 to be in the vicinity of that achieved for the whole of FY 2016.

This significant sales growth and profit turnaround was mainly attributed by the upturn in the global semiconductor industry and impending new mobile handset introductions by industry leaders.

The above guidance is based on a preliminary assessment made by the Company. The Company is in the process of finalising the Group’s unaudited results for 1H 2017 and the final financial results will be announced on or around 4 August 2017.
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08-01-2018, 08:54 AM,
Post: #63
RE: Manufacturing Integration Technology (MIT)
MIT has requested for a trading halt this morning...
http://infopub.sgx.com/Apps?A=COW_CorpAn...ade618c245

Possibly something positive for the new year?

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08-01-2018, 11:07 PM,
Post: #64
RE: Manufacturing Integration Technology (MIT)
MIT's shareholders should be pleased with this evening's announcement...
http://infopub.sgx.com/FileOpen/MIT_Anno...eID=484482

A potential cash offer at 13x of FY17's net profit for MIT's semiconductor equipment business appears a good price.

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09-01-2018, 12:35 AM,
Post: #65
RE: Manufacturing Integration Technology (MIT)
It's easy to get overly excited with an impending takeover when you are a shareholder but I think one has to exercise extra caution in this case due the following reasons:

1) termsheet is non legally binding, which means both sides can walk away with no penalties.

2) the proposed buyer, China Fortune-Tech Capital Co., Ltd, is the same one that entered into another non-binding termsheet with ASTI to acquire its semiconductor equipment business just 4 months ago before walking away from the deal in Dec last year. They may very well go on to complete this latest one but at least the buyer has already shown that it is not afraid to walk away if negotiations or DD is not satisfactory to them.

ASTI termsheet announcement:
http://infopub.sgx.com/FileOpen/ASTI%20-...eID=471035

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