CB/CD status now, price is holding stable.
FY13 (ended 31Mar13) AR is out and makes interesting reading.....
http://mtq.listedcompany.com/misc/ar2013.pdf
MTQ has gone 'XD' today (4Jul13) for the 1-for-4 bonus, and the counter closed at $1.415. After adjusting for the bonus, Mr Market has given MTQ an extra 5% premium in valuation post the bonus issue. MTQ shareholders can now look forward to the $0.02/share Final dividend, which will be paid 19Sep13, and on the new bonus shares as well. To me, this is wonderful!
Today, NextInsight has also posted excerpts from a positive update report on MTQ from OSK-DMG released today.....
http://www.nextinsight.net/index.php/sto...3/7054-mtq-
In the report, OSK-DMG has revised their post-bonus TP for MTQ to $1.76.
This stock share price is holding on very firm. Seems to have more potential than a few of the oil and gas companies.
MTQ post an eps of 5.18c for this quarter. Is this considered as a good result?
Outlook
Commenting on the results and outlook, Mr Kuah Boon Wee, Group Chief Executive Officer said, “We are pleased to have begun our new financial year with a positive set of results with profits recorded in all our business segments. The vessel campaign that boosted Neptune’s numbers in the last two quarters has now ended and we should see a period of quieter activity down under. Lower revenues are expected for the Group for the next quarter.
Overall drilling and exploration activities continue to remain encouraging. The Group remains focused on capitalising on such opportunities and growing our overall business.
Trying to figure out the outlook statement by looking at past quarters. It seems like the eps could be as low as 2.5-3c for next quarter.
MTQ just release this quarter result. EPS is better than expected at 4.39c. And particularly like the outlook statement this time.
"Overall drilling and exploration sentiment in Singapore and Middle East remains positive. Our immediate outlook is encouraging."
Will be expecting better result for next Q.
good lah,
can collect scripts again!
Woah! DMG so positive about MTQ. DCF of $3.59, and a target price of $2.51! More potential dividend too!
"In addition, management "does not intend to sit on a large cash pile”, and will likely return excess cash to shareholders as dividends if no acquisitions are forthcoming."
Super undervalue?
http://www.remisiers.org/cms_images/rese...atters.pdf
Another accretive bolt-on acquisition in Australia - Binder Group Pty Ltd - which is within MTQ Group's risk-taking capacity, both in terms of financial and management resources…..
http://infopub.sgx.com/Apps?A=COW_Corpor..._Group.pdf
Apart from its own business growth, Binder Group should bring other synergistic benefits like cross-selling into MTQ's existing customers and vice versa. More info on Binder Group Pty Ltd…..
http://www.bindergrp.com.au
It is quite rare to have a senior management/CEO like MTQ's who is strong in operational management and also skilled and confident in M&A's. Just based on this point alone, I am going to hold on to my MTQ shares!