Pteris Global

[dydx]

Another feather on Pteris Global's cap.....
http://info.sgx.com/webcoranncatth.nsf/V...20036C7BC/$file/PGLHangzhouXiaoshanIntlAirport.pdf?openelement

This mid-size USD5.0m BHS contract for Hangzhou Xiaoshan International Airport (Terminal 3) is nonetheless a significant one as it is a repeat order, and a turnkey contract. It has raised Pteris' latest total order book to $132.0m, equivalent to approx. 15 months of normal work and business volume.

[dydx]

After some 3 months of due diligence work and negotiation, finally today (4Oct11) Pteris Global has contracted to acquire 100% interest in AeroMobiles P/L for a consideration of $5.0m, to be satisfied in cash and partially (in Pteris Global's option) up to $1.0m in new shares.....
http://info.sgx.com/webcoranncatth.nsf/V...F003C38D3/$file/PterisSP.pdf?openelement [official announcement]
http://info.sgx.com/webcoranncatth.nsf/V...F003C38D3/$file/PterisAeromobilesMediaRelease.pdf?openelement [press release]

More info on AeroMobiles P/L.....
http://www.aeromobiles.com.sg/

[dydx]

Pteris has secured a close to $1.0m turnkey contract from Changi Airport Group to supply a High Level Computer Control System for the Baggage Handling System in Terminal 1 at Singapore Changi Airport.....
http://info.sgx.com/webcorannc.nsf/Annou...endocument

More such software supply contracts to come?

[dydx]

Today's (24Nov11) announcement projects that Pteris has successfully delivered a new high-quality and advanced BHS to Winnipeg James Armstrong Richardson International Airport’s new terminal in Canada.....
http://info.sgx.com/webcoranncatth.nsf/V...200344E09/$file/PterisMediaRelease_Winnipeg.pdf?openelement

Without doubt, Pteris is of the few indigenous companies that have made Singapore proud in the world market.

[ngcheeki]

Any news on this counter? Why is the price up on high volume? goes up 1.1 cents to 11.4 cents or 10.680% with 10,430 lots.

[brattzz]

Did we forgot about this co. which is leaving international footprints around the world?

[pianist]

SINGAPORE, 15 February 2012 – Mainboard-listed Pteris Global Limited (“Pteris
Global”, “德利国际有限公司” or “the Group”), one of the world’s leading
integrated airport logistics system provider, has successfully completed and
delivered a RMB78 million (approximately SGD16 million) Airport Baggage
Handling System (“BHS”) for Changsha Huanghua International Airport (“CHIA”)
Terminal 3.

[dydx]

S&P's latest update report (dated 6Mar12) on Pteris Global makes interesting reading.....
http://research.sgx.com/reports/rpt_view.pl?id=6711

It is mentioned in the report that Pteris Global has carried out "a successful consolidation of manufacturing activities to Suzhou and Malaysia." That means the company is now not utilising fully its leasehold (30 years, expiring 31May2037, with option to renew for another 30 years) factory building (with a gross GFA of approx. 20,000 sq. m.) located at 28 Quality Road, Jurong; therefore, it can be sold to enable Pteris Global to redeploy the related funds for other purposes.

The Jurong factory was constructed in 2007/08 at a cost of approx. $17.0m.....
http://info.sgx.com/webcoranncatth.nsf/V...B003EC136/$file/NewFactory.pdf?openelement
, and was carried in the B/S at an estimated written down BV of $15.6m as at 31Dec11.

A relevant question: How much can the Jurong factory fetch in the current market should Pteris Global decide to dispose of it, and consolidate its remaining HQ operations in Singapore perhaps into the premises of newly acquired subsidiary AeroMobiles P/L located at 4 Tuas Ave 1? My own guess is that the Jurong factory could well fetch over $40.0m under the present market conditions.

More info on AeroMobiles P/L.....
http://www.aeromobiles.com.sg/index.asp

[guru]

Hi dydx,

I'm following the developments of this Company with interest. The acquisition of Aeromobiles seems a step in expanding its offerings. At around PE of 5x ($5m/$1 profit guarantee), certainly appears nice. Reading through the announcment, thought the of S&P in Aeromobiles excludes the premise?

This one used to be market darling, but seems to be falling on hard times. Also appears CFO position is still open. Did i miss any announcment?

Will go dig out more of my previous thoughts before discussing this further. But havent said that, I do like infrastructue development coys with global footprints.

Cheers

[Drizzt]

i still holding on to this at 80cent