25% bonus => 25% dilutions, expected share price adjustment... 42cts to 48cts?
200Milo notes issuance in progress.. debt..
Chairman buying back shares at 54cts... Mmmm...shows value!
Margin of safety needed...
2 December, 2015 - Stocks with Momentum
http://sdb.theedgemarkets.com/2015/SMR/S...aqtyif.pdf
Mencast reported a 92% y-o-y rise in profits of $4.7 million for 3QFY2015 ended September, on the back of a 33% fall in revenues to $20.8 million. Despite falling sales in its main business segments of offshore, marine and energy services, the company booked a rise in other income of $3.8 million largely due to a $4.2 million gain from the sale of a property of 6 Tech Park Crescent. That was partially offset by lower income fro the sale of scrap materials from its core operations.
The sombre tone of Mencast's mainstay business was reflected in its cumulative earnings for 9MFY2015 as earnings fell 25% to $8.2 million compared with FY2014. The company also warned in a commentary accompanying its earnings statements that the protracted low energy prices continue to adversely affect its customers and their demand for Mencast's services in the offshore segment................................................
more dilutions, but in this current Maritime, O&G down-turn, not much choice left! :O
big gap downwards... now 15cts.... gosh... O&G woes has hit mencast hard.... hunker-down strategy too I guess...
(17-08-2016, 09:51 AM)brattzz Wrote: [ -> ]big gap downwards... now 15cts.... gosh... O&G woes has hit mencast hard.... hunker-down strategy too I guess...
hi bratzz,
I take notice of the consecutive posts with emphasis on share price/trends,
without any meaningful updates. This is not encouraged on VB and a warning has been issued. Hope this does not happen again.
P.S. i have replied publicly as a reminder to everyone.
Mencast's Subsidiary Secures Three-Year Contract from an Oil Supermajor*
Mencast Holdings Ltd announced that its wholly owned subsidiary, Mencast Offshore & Marine Pte. Ltd. ("MOM"), has secured a contract worth approximately S$24 million over a three-year period, from an oil Supermajor for the purchase of certain goods and services by the oil Supermajor from MOM, in connection with the MOM’s waste treatment business. The term of the Contract is approximately three-years, commencing from 1 February 2020 to 31 January 2023.
The Contract is expected to contribute positively to the Group but it has no material impact on the Group’s earnings per share and net tangible asset per share for the current financial year ending 31 December 2019.
* Supermajor is a term used to describe the world’s five largest publicly owned oil and gas companies and are usually considered to be BP plc, Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell plc and Total SA.