(05-05-2015, 10:04 PM)littleones Wrote: [ -> ] (05-05-2015, 09:48 PM)BlueKelah Wrote: [ -> ]Listed since 2004, ten years liao, bo dividend and keep asking for money. 4 rights issue every 2-3 years. Yesterday kana SGX query on trading volume spike. Will it have some more rights issue again? sell cheap cheap to SIA company can liao lah.
Fundamentals looks like an S-chip leh.
waste of time. 
iFerret got FAA endorsement and buy American waiver in 2012. Since then it have secured three contracts: Dubai, USAF, HKIA. Its test beds are at Changi Airport (2008) and Chicago O'Hare (2009). On going negotiation includes quite a few airports. Should see revenues spike up in 2016 reporting season.
so since 2012 only managed to get 3 contracts? one contract a year is it big contract? system if so good how come so few contract?
which are the airports ongoing negotiation, any details?
revenue spike in 2016? what they building? need 2 years to "t.o.p" like property ah?
last quarter loss more than revenue on SGX watchlist. How much longer it will get delisted? can it afford to be loss making till 2016?
(05-05-2015, 10:20 PM)BlueKelah Wrote: [ -> ] (05-05-2015, 10:04 PM)littleones Wrote: [ -> ] (05-05-2015, 09:48 PM)BlueKelah Wrote: [ -> ]Listed since 2004, ten years liao, bo dividend and keep asking for money. 4 rights issue every 2-3 years. Yesterday kana SGX query on trading volume spike. Will it have some more rights issue again? sell cheap cheap to SIA company can liao lah.
Fundamentals looks like an S-chip leh.
waste of time.
iFerret got FAA endorsement and buy American waiver in 2012. Since then it have secured three contracts: Dubai, USAF, HKIA. Its test beds are at Changi Airport (2008) and Chicago O'Hare (2009). On going negotiation includes quite a few airports. Should see revenues spike up in 2016 reporting season.
so since 2012 only managed to get 3 contracts? one contract a year is it big contract? system if so good how come so few contract?
which are the airports ongoing negotiation, any details?
revenue spike in 2016? what they building? need 2 years to "t.o.p" like property ah?
last quarter loss more than revenue on SGX watchlist. How much longer it will get delisted? can it afford to be loss making till 2016?
This year's reporting season should include full revenue from Dubai, upgrade of iFerret at Changi, 59 iVACs installed in the ME and possibly part of revenue from HKIA. Stratech should be in the black and out of watchlist.
2015 will be a defining year for Stratech
Stratech wins iFerret contract in Dubai (Edge)
Stratech Systems says its iFerret intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System has won in a tender for the Runway Debris Management System (RDMS) at Dubai International Airport in the United Arab Emirates (UAE).
The contract, awarded by Dubai Aviation Engineering Projects (DAEP), is for the installation of the iFerret intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System.
The company estimates that this project may contribute between $5.9 million to $10.6 million to its revenue in the current financial year and would have a material impact on its financial results.
Developed by Stratech, the market leader in RDMS solutions, iFerret is the world’s first intelligent Vision-based FOD detection system, providing real-time, automated FOD detection, location, classification, measuring and recording approved by the US Federal Aviation Administration (FAA). Covering the runways and taxiway crossings, it will help prevent potential aircraft damage and fatalities caused by FOD, ensuring airfield safety and security. iFerret has also been deployed at Singapore Changi International Airport, Chicago O’Hare International Airport, and Düsseldorf International Airport.
In September 2013, iFerret has been selected for deployment by one of the world’s top military air forces, which marked the first time that iFerret and any FOD Detection System will be installed in an airbase, paving the way for it to enter into a previously-untapped market.
This win was achieved in partnership with Bayanat Airports Engineering & Supplies Co LLC (Bayanat), Stratech’s partner in the UAE. Bayanat Airports has a successful track record of completed projects in the UAE, operating for the past 15 years in the region, with numerous projects in Dubai International Airport and Dubai World Central – Al Maktoum International Airport.
(05-05-2015, 10:43 PM)Curiousparty Wrote: [ -> ]Stratech wins iFerret contract in Dubai (Edge)
Stratech Systems says its iFerret intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System has won in a tender for the Runway Debris Management System (RDMS) at Dubai International Airport in the United Arab Emirates (UAE).
The contract, awarded by Dubai Aviation Engineering Projects (DAEP), is for the installation of the iFerret intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System.
The company estimates that this project may contribute between $5.9 million to $10.6 million to its revenue in the current financial year and would have a material impact on its financial results.
Developed by Stratech, the market leader in RDMS solutions, iFerret is the world’s first intelligent Vision-based FOD detection system, providing real-time, automated FOD detection, location, classification, measuring and recording approved by the US Federal Aviation Administration (FAA). Covering the runways and taxiway crossings, it will help prevent potential aircraft damage and fatalities caused by FOD, ensuring airfield safety and security. iFerret has also been deployed at Singapore Changi International Airport, Chicago O’Hare International Airport, and Düsseldorf International Airport.
In September 2013, iFerret has been selected for deployment by one of the world’s top military air forces, which marked the first time that iFerret and any FOD Detection System will be installed in an airbase, paving the way for it to enter into a previously-untapped market.
This win was achieved in partnership with Bayanat Airports Engineering & Supplies Co LLC (Bayanat), Stratech’s partner in the UAE. Bayanat Airports has a successful track record of completed projects in the UAE, operating for the past 15 years in the region, with numerous projects in Dubai International Airport and Dubai World Central – Al Maktoum International Airport.
should put a date on the info you post, outdated info from Jan 2014 last year, very misleading
from latest quarterly :
1. Financial Update
For 3Q2015, the Group recorded
revenue of S$1.32 million and net loss of S$1.82 million, against revenue of
S$5.66 million and net loss of S$0.76 million for the previous quarter ended 30 September 2014 (“2Q2015”). The decrease in revenue is in line with the delivery milestones of existing contracts.
The administrative expenses of S$1.27 million recorded for 3Q2015 increased marginally compared with FY2014, on a pro-rated basis (administrative expenses were S$4.48 million for FY2014). This is mainly due to increase in professional fees incurred relating to the announced proposed restructuring exercise.
The other operating expenses of S$0.45 million recorded for 3Q2015 continued to show a reducing trend, compared with FY2014 on a pro-rated basis (other operating expenses were S$2.87 million for FY2014). The decrease in other operating expenses is due to reduction of amortisation expenses as certain intangible assets have since been fully amortised.
The group’s net assets stood at S$4.21 million as at 31 December 2014.
2. Business Update
The Group continues to engage potential customers such as airports of various countries, where discussions are on-going, and to build on its channel-partner network to grow its market reach globally for all of the Group’s products and capabilities. The Group is currently awaiting the results of tenders submitted and has recently secured at least one tender. The Group will be making the appropriate announcement in due course.
In view of the nature of business, the Group may continue to experience delays in the issue of tenders and awards of contracts, and there is inherent uncertainty of success due to competition.
===================================
a fat lot of good the dubai contract win did for the bottom line.
CP/Potatolover why are you posting just - for the thread on nextinsight? trying to keep the thread hyped up and noticeable?
stop wasting valuebuddies time..
(05-05-2015, 10:53 PM)BlueKelah Wrote: [ -> ] (05-05-2015, 10:43 PM)Curiousparty Wrote: [ -> ]Stratech wins iFerret contract in Dubai (Edge)
Stratech Systems says its iFerret intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System has won in a tender for the Runway Debris Management System (RDMS) at Dubai International Airport in the United Arab Emirates (UAE).
The contract, awarded by Dubai Aviation Engineering Projects (DAEP), is for the installation of the iFerret intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System.
The company estimates that this project may contribute between $5.9 million to $10.6 million to its revenue in the current financial year and would have a material impact on its financial results.
Developed by Stratech, the market leader in RDMS solutions, iFerret is the world’s first intelligent Vision-based FOD detection system, providing real-time, automated FOD detection, location, classification, measuring and recording approved by the US Federal Aviation Administration (FAA). Covering the runways and taxiway crossings, it will help prevent potential aircraft damage and fatalities caused by FOD, ensuring airfield safety and security. iFerret has also been deployed at Singapore Changi International Airport, Chicago O’Hare International Airport, and Düsseldorf International Airport.
In September 2013, iFerret has been selected for deployment by one of the world’s top military air forces, which marked the first time that iFerret and any FOD Detection System will be installed in an airbase, paving the way for it to enter into a previously-untapped market.
This win was achieved in partnership with Bayanat Airports Engineering & Supplies Co LLC (Bayanat), Stratech’s partner in the UAE. Bayanat Airports has a successful track record of completed projects in the UAE, operating for the past 15 years in the region, with numerous projects in Dubai International Airport and Dubai World Central – Al Maktoum International Airport.
should put a date on the info you post, outdated info from Jan 2014 last year, very misleading
from latest quarterly :
1. Financial Update
For 3Q2015, the Group recorded revenue of S$1.32 million and net loss of S$1.82 million, against revenue of S$5.66 million and net loss of S$0.76 million for the previous quarter ended 30 September 2014 (“2Q2015”). The decrease in revenue is in line with the delivery milestones of existing contracts.
The administrative expenses of S$1.27 million recorded for 3Q2015 increased marginally compared with FY2014, on a pro-rated basis (administrative expenses were S$4.48 million for FY2014). This is mainly due to increase in professional fees incurred relating to the announced proposed restructuring exercise.
The other operating expenses of S$0.45 million recorded for 3Q2015 continued to show a reducing trend, compared with FY2014 on a pro-rated basis (other operating expenses were S$2.87 million for FY2014). The decrease in other operating expenses is due to reduction of amortisation expenses as certain intangible assets have since been fully amortised.
The group’s net assets stood at S$4.21 million as at 31 December 2014.
2. Business Update
The Group continues to engage potential customers such as airports of various countries, where discussions are on-going, and to build on its channel-partner network to grow its market reach globally for all of the Group’s products and capabilities. The Group is currently awaiting the results of tenders submitted and has recently secured at least one tender. The Group will be making the appropriate announcement in due course.
In view of the nature of business, the Group may continue to experience delays in the issue of tenders and awards of contracts, and there is inherent uncertainty of success due to competition.
===================================
a fat lot of good the dubai contract win did for the bottom line.
CP/Potatolover why are you posting just - for the thread on nextinsight? trying to keep the thread hyped up and noticeable?
stop wasting valuebuddies time..
CP is not wrong in posting the above as the revenue from Dubai was not included in last year's P/L statements
(05-05-2015, 10:43 PM)Curiousparty Wrote: [ -> ]Stratech wins iFerret contract in Dubai (Edge)
Stratech Systems says its iFerret intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System has won in a tender for the Runway Debris Management System (RDMS) at Dubai International Airport in the United Arab Emirates (UAE).
The contract, awarded by Dubai Aviation Engineering Projects (DAEP), is for the installation of the iFerret intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System.
The company estimates that this project may contribute between $5.9 million to $10.6 million to its revenue in the current financial year and would have a material impact on its financial results.
Developed by Stratech, the market leader in RDMS solutions, iFerret is the world’s first intelligent Vision-based FOD detection system, providing real-time, automated FOD detection, location, classification, measuring and recording approved by the US Federal Aviation Administration (FAA). Covering the runways and taxiway crossings, it will help prevent potential aircraft damage and fatalities caused by FOD, ensuring airfield safety and security. iFerret has also been deployed at Singapore Changi International Airport, Chicago O’Hare International Airport, and Düsseldorf International Airport.
In September 2013, iFerret has been selected for deployment by one of the world’s top military air forces, which marked the first time that iFerret and any FOD Detection System will be installed in an airbase, paving the way for it to enter into a previously-untapped market.
This win was achieved in partnership with Bayanat Airports Engineering & Supplies Co LLC (Bayanat), Stratech’s partner in the UAE. Bayanat Airports has a successful track record of completed projects in the UAE, operating for the past 15 years in the region, with numerous projects in Dubai International Airport and Dubai World Central – Al Maktoum International Airport.
As per my post below, your modelling in the first few pages are saying the project revenue are recurring rather than say around 5%.
Instead of arbitrarily plucking a number in your model, what was the margin for the changi airport project 6 years ago?
(05-05-2015, 02:14 PM)specuvestor Wrote: [ -> ]BTW project value is NON RECURRING. Usually maintenance value is about 5% of project value.
I can't help but to comment over this thread.
Over more than 10 years the current management team is at the helm. The company performance has been poor. Given the poor performance, what makes you think, this time round is different?
My interpretation of value investing is about "finding an outstanding company with good or great management team at a sensible price rather than poor performing companies at a bargain price."
What constitute company with poor performance?
It could be lousy industry, poor management, etc.
My 2 cents.
With the recent hype of this counter in vb, I did a googled and glanced through a few website like glassdoor and etc. It seems like the turnaround and morale of the staff is quite 'favorable.' Can a coy like this turnaround ? Will it be willing to share it profits in future ?
Vested.
(06-05-2015, 07:26 AM)zquan Wrote: [ -> ]With the recent hype of this counter in vb, I did a googled and glanced through a few website like glassdoor and etc. It seems like the turnaround and morale of the staff is quite 'favorable.' Can a coy like this turnaround ? Will it be willing to share it profits in future ?
Vested.
You invested because of hype? I am stayin far far away.
(06-05-2015, 07:26 AM)zquan Wrote: [ -> ]With the recent hype of this counter in vb, I did a googled and glanced through a few website like glassdoor and etc. It seems like the turnaround and morale of the staff is quite 'favorable.' Can a coy like this turnaround ? Will it be willing to share it profits in future ?
Vested.
Unfortunately staff benefits is not the same as shareholder benefits. One way to ascertain is via active subscription of employee share scheme and employees holding on to the shares. Even then, employees probably would like to see dividend growth as well.
Hence my earlier query: in the absence of dividends or corporate actions, are there any ways that value can be unlocked?
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