Hi fellow valuebuddies
I was wondering if you guys have received the bonus shares in your CDP account as I do not seem to have received it. I thought it will be credited to CDP on 5th July?
"Shareholders whose ordinary shares in the capital of the Company (“Shares”) are deposited with the Central Depository (Pte) Ltd (“CDP”) and whose securities accounts with CDP are credited with Shares, will be allotted Bonus Shares on the basis of the number of Shares standing to the credit of their CDP securities accounts as at 5.00 p.m. on Books Closure Date
(13-07-2014, 06:38 PM)financiallyfree Wrote: [ -> ]Hi fellow valuebuddies
I was wondering if you guys have received the bonus shares in your CDP account as I do not seem to have received it. I thought it will be credited to CDP on 5th July?
"Shareholders whose ordinary shares in the capital of the Company (“Shares”) are deposited with the Central Depository (Pte) Ltd (“CDP”) and whose securities accounts with CDP are credited with Shares, will be allotted Bonus Shares on the basis of the number of Shares standing to the credit of their CDP securities accounts as at 5.00 p.m. on Books Closure Date
http://infopub.sgx.com/FileOpen/MTQ-Bonu...eID=305152
Further to the Announcements, the Board wishes to announce that 25,401,697 new Shares (“Bonus
Shares”) have been allotted and issued on 11 July 2014 pursuant to the Proposed Bonus Issue.
The
Bonus Shares will be listed and quoted on the Official List of the SGX-ST with effect from 9.00 a.m.
on 15 July 2014. Following the allotment and issuance of the Bonus Shares, the aggregate number of
issued Shares has increased from 127,009,416 Shares to 152,411,113 Shares.
Report on MTQ recent 1Q result...
(not vested)
MTQ Corp posts 35% fall in 1Q earnings to $4.2 mil
MTQ Corp said earnings declined 35% to $4.2 million for 1QFY2015 ended June from $6.5 million a year ago as revenue fell 19% to $76.7 million. This translates into earnings per share of 2.75 cents for the first quarter.
The decrease in earnings was largely due to the absence of vessel campaign at Neptune Marine Services which had previously boosted revenue. Within the Oilfield Engineering segment, the Singapore business recorded lower sales while the group had a quiet start from the Binder Group.
However, MTQ said it managed to improve operating margins, notably in Neptune and in Bahrain. Overall gross profit margin increased to 34.0% in 1QFY2015 compared to 29.7% a year ago. In addition, the group continues to make progress in overhead reduction in Neptune which improved the overall results. Despite the enlarged business size of the MTQ Group, the staff costs and other operating expenses remained relatively stable in 1QFY2015. Redundancy costs in Indonesia, however, have resulted in a share of losses from the joint venture of $0.3 million.
In line with the decrease in revenue which is partially offset by higher gross profit margins, the profit before tax declined by 28% to $5.7 million y-o-y compared to $7.9 million in 1QFY2014.
MTQ’s balance sheet remained strong subsequent to the acquisition of Binder Group with a cash balance of $38.7 million (at end of FY2014: S$37.4 million) and a net gearing of 15.3%1 as at 30 June 2014 (at end of FY2014: 16.8%). The group continued to report positive operating cash flow of $6.3 million for 1QFY2015.
http://www.theedgesingapore.com/the-dail...2-mil.html
Mr Market offloaded some 300+lots @ lowest $1.675 to reflect the 1Q fall in earnings..
Believe more off loading ahead..
Time to collect for long term investors!
http://www.businesstimes.com.sg/companie...or-showing
MTQ's Q2 net dips on unit's poor showing
By
Claire Huanghuangjy@sph.com.sg@ClaireHuangBT
31 Oct5:50 AM
Singapore
MAINBOARD-LISTED MTQ Corporation Ltd has reported a 3 per cent dip in net profit to S$5.3 million in its second-quarter results for the financial year 2015, dragged down by a loss in revenue from its wholly-owned subsidiary, Binder Group Pty Ltd.
The oilfield engineering
From July till now, MTQ has experienced a dip of nearly 40% from 1.57 till 1.04 today.
I did a study of their business and they are mainly engaging in the aftermarket business nature for the O & G industry. It is unlike the nature of the business for Rig and OSV builders as their business flavor really coincides with the oil price movement.
As I have always been involved in the aftermarket business in O & G, it is very recurring in nature and a lot of businesses are based on trust and long term relationship. This sharp dip in share price might be the works of the sellers based on sentiments.
Since every single O & G based machinery are still rotating and turning, regardless of the oil price, repair and refurbishment business at MTQ corp will still be coming in. Thus, it might be worthwhile to pick some shares on MTQs on the dips.
The above is just my 2 cents worth, look forward to comments.
Belg.
While it remains true that maintenance remains essential, it remains to be seen if any mothballing exercise and heightened competition may results in drag on furture results.
If I m not wrong, MTQ has been growing in recent years via acquisitions and hence the dynamics of MTQ needs further analysis post the inorganic growth.
Overall, in view of the weak sentiment towards O&G, I m refrain from exposing to O&G sector as a whole since the lull may take a long time for shakeout and recovery and such secular trends may not be as swift as what equity market players perceive to be...
Not Vested
GG
(02-12-2014, 09:51 AM)Belg Wrote: [ -> ]From July till now, MTQ has experienced a dip of nearly 40% from 1.57 till 1.04 today.
I did a study of their business and they are mainly engaging in the aftermarket business nature for the O & G industry. It is unlike the nature of the business for Rig and OSV builders as their business flavor really coincides with the oil price movement.
As I have always been involved in the aftermarket business in O & G, it is very recurring in nature and a lot of businesses are based on trust and long term relationship. This sharp dip in share price might be the works of the sellers based on sentiments.
Since every single O & G based machinery are still rotating and turning, regardless of the oil price, repair and refurbishment business at MTQ corp will still be coming in. Thus, it might be worthwhile to pick some shares on MTQs on the dips.
The above is just my 2 cents worth, look forward to comments.
Belg.