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(28-02-2014, 10:10 AM)yawnyawn Wrote: [ -> ]I left out the underperforming Telecom segment which was highlighted by OSK DMG in the below report

Middle East North Africa (MENA) telecom business the key disappointment.

Although management previously expected its Nera branded point-to-point radio products to excel in the MENA region, actual results proved a disappointment. Revenue for this segment declined by 63.7% y-o-y in 4Q13 and 10.3% y-o-y for the full-year. NeraTel said this was due to intensifying competition as well as the group’s selectiveness in undertaking projects.

Management provided the example of two projects valued at about SGD10m in aggregate that were not undertaken on their poor payment terms and weaker margins. On the other hand, new order wins for this segment also decreased 7.6% y-o-y to SGD67.6m.

Going forward, we expect the expiry of the Nera product distributorship agreement in January will boost the group’s competitiveness. NeraTel can not only retain the Nera brand, but is also able to distribute other companies’ products. It will even be able to redesign/reengineer the Nera products to achieve cost competitiveness. Hence, we expect growth for this segment to pick up again this year.


http://research.dmg.com.sg:9898/UploadPD...140224.pdf

I agree that Neratel is no longer cheap but its price is supported by the dividend. Myanmar is upside but more immediate upside is probably their African business which is being ramped up but is currently producing only overhead and no revenues. If Nera can rrpeat its success it North Africa/Pakistan/Afghanistan then Africa could be a major contributor. The stock could also re-rate to a higher PE multiple as the recurring revenues from POS and ATMs increases.
CONTRACTS OF APPROXIMATELY SGD31.1 MILLION IN AGGREGATE RECEIVED BY NERA TELECOMMUNICATIONS LTD AND ITS WHOLLY-OWNED SUBSIDIARIES

The Board of Directors of Nera Telecommunications Ltd (“the Company”) is pleased to announce that the Company and its wholly-owned subsidiaries have received contracts of approximately SGD31.1 million (the “Contracts”) in aggregate.

The Contracts are in relation to the following:

1) Network Infrastructure
SGD23.2 million from telecom and cellular operators in South East Asia for the supply, delivery, installation and maintenance of IP network equipment and software; and

2) Wireless Infrastructure Networks
SGD7.9 million for the supply, delivery, installation, commissioning and maintenance of microwave radio equipment in South East Asia, Middle East and North Africa;

The Contracts are not expected to have a significant impact on the performance of the Company and its subsidiaries for the current financial year.


At current price of 0.785, Neratel is trading at 16x FY13 earnings when negative goodwill of 7.05m is taken out.
NeraTel don't normally announce contract wins. An attempt to engage more with the investing world?

By the way, I really don't like the new SGX company announcement website.

[post]: NeraTel is also late to announce the book closure for dividend this round.
(31-03-2014, 03:57 PM)GPD Wrote: [ -> ]NeraTel don't normally announce contract wins. An attempt to engage more with the investing world?

By the way, I really don't like the new SGX company announcement website.

[post]: NeraTel is also late to announce the book closure for dividend this round.

The stocks rise by 4ct 3DAYS BEFORE the announcement.
Who so smart can guess the contact win?
Can expect more div next yr then!
(31-03-2014, 12:09 PM)yawnyawn Wrote: [ -> ]CONTRACTS OF APPROXIMATELY SGD31.1 MILLION IN AGGREGATE RECEIVED BY NERA TELECOMMUNICATIONS LTD AND ITS WHOLLY-OWNED SUBSIDIARIES

The Board of Directors of Nera Telecommunications Ltd (“the Company”) is pleased to announce that the Company and its wholly-owned subsidiaries have received contracts of approximately SGD31.1 million (the “Contracts”) in aggregate.

The Contracts are in relation to the following:

1) Network Infrastructure
SGD23.2 million from telecom and cellular operators in South East Asia for the supply, delivery, installation and maintenance of IP network equipment and software; and

2) Wireless Infrastructure Networks
SGD7.9 million for the supply, delivery, installation, commissioning and maintenance of microwave radio equipment in South East Asia, Middle East and North Africa;

The Contracts are not expected to have a significant impact on the performance of the Company and its subsidiaries for the current financial year.


At current price of 0.785, Neratel is trading at 16x FY13 earnings when negative goodwill of 7.05m is taken out.

Nothing on Myanmar yet....Confused
(31-03-2014, 07:41 PM)GPD Wrote: [ -> ]
(31-03-2014, 12:09 PM)yawnyawn Wrote: [ -> ]CONTRACTS OF APPROXIMATELY SGD31.1 MILLION IN AGGREGATE RECEIVED BY NERA TELECOMMUNICATIONS LTD AND ITS WHOLLY-OWNED SUBSIDIARIES

The Board of Directors of Nera Telecommunications Ltd (“the Company”) is pleased to announce that the Company and its wholly-owned subsidiaries have received contracts of approximately SGD31.1 million (the “Contracts”) in aggregate.

The Contracts are in relation to the following:

1) Network Infrastructure
SGD23.2 million from telecom and cellular operators in South East Asia for the supply, delivery, installation and maintenance of IP network equipment and software; and

2) Wireless Infrastructure Networks
SGD7.9 million for the supply, delivery, installation, commissioning and maintenance of microwave radio equipment in South East Asia, Middle East and North Africa;

The Contracts are not expected to have a significant impact on the performance of the Company and its subsidiaries for the current financial year.


At current price of 0.785, Neratel is trading at 16x FY13 earnings when negative goodwill of 7.05m is taken out.

Nothing on Myanmar yet....Confused

Ericsson today announced its telecom network managed services deal with Telenor Myanmar. The company did not announce the financial details of the 5-year contract for multivendor managed services.

The managed services deal is a new contract for Ericsson. Late last year, Telenor also awarded Ericsson with a frame agreement to supply radio-access network (RAN) and associated services for a significant portion of Telenor network in the country. Telenor earlier said it will invest less than $2 billion in building its telecoms operation in Myanmar. Telenor network in Myanmar is expected to cover 90 percent of the country’s population of more than 60 million in five years.

It will be a multi-standard network comprising 2G and 3G to provide customers with both voice and data connectivity. Ericsson’s multi-standard network solution will be used in the deployment, along with 2G and 3G equipment that can be upgraded for future requirements.

http://www.telecomlead.com/telecom-servi...mar-32056/

Will Ericsson pass on some orders to Neratel? Anyway i am not having high hopes for Myanmar. It is really competitve there from what i understand, many companies are there thinking that they can make money easily.
Did anybody attended the AGM?

Any reports?

Thanks...
NeraTel's Q1 profits down 16.8% year-on-year

Singapore-based telecommunication services and equipment provider Nera Telecommunications (NeraTel) saw its Q1 profits decrease 16.8 percent year-on-year to SGD 4.98 million, hurt by an increase in the cost of sales and other expenses. NeraTel's turnover increased 11.3 percent to SGD 40.65 million in Q1. Telecom turnover grew 4.8 percent year-on-year to SGD 13.8 million, mainly due to higher sales in Asia Pacific, partially offset by lower sales in Middle East and Africa. The higher sales in Asia Pacific were mainly due to the inclusion of revenue from the new subsidiary in Malaysia acquired in April 2013. The infocomm segment's turnover for Q1 increased 15.4 percent to SGD 26.8 million.
Q1 Y-to-Y topline increases but bottomline decreases.
Q-to-Q for last 3 Q topline decreases but bottomline increases.
Q2 not their best performing quarter (excluding once-off) based on last two FYs.
6cts div no problem if Asia System wants it.

(not vested)
(08-05-2014, 11:26 AM)GPD Wrote: [ -> ]Q1 Y-to-Y topline increases but bottomline decreases.
Q-to-Q for last 3 Q topline decreases but bottomline increases.
Q2 not their best performing quarter (excluding once-off) based on last two FYs.
6cts div no problem if Asia System wants it.

(not vested)

A 6 cents dividend would be very welcome but, imo, unlikely unless we see a significant growth in net income. Last year's extra 2 cents was driven by the extra ordinary gain following the purchase of its Malaysian affiliate (and that affiliate's cash balance). Neratel typically runs a peak cash balance of around $40mm which then drops to around $25mm post dividend. Its management is quite conservative and I think they like this cash buffer.

(vested)
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