MTQ Corporation

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I hope they can pay down their loans agressively, $58.8milos, with the FCF...

Maintain or lower the dividends scripts is fine with me.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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(22-04-2013, 06:58 PM)brattzz Wrote: I hope they can pay down their loans agressively, $58.8milos, with the FCF...

Maintain or lower the dividends scripts is fine with me.

9M 2013 FCF was about $13.7m, so it should be sufficient to pay off the debt gradually (plus finance costs). If we can assume stronger FCF in the last quarter of FY 2013, this may provide a good guidance for FY 2014 FCF; with Bahrain picking up and PSL and Pemac being integrated with MTQ ops, there is a chance FCF would pick up, unless Engine Systems drains it all up! Tongue

Hope they can also pull off a coup by divesting their Engine Systems soon freeing up the capital locked inside it.
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Still praying for 168.
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I am quite sure many shareholders and potential investors will be going through the just released above-expectation FY13 (ended 31Mar13) full-year results with a fine comb.....
http://info.sgx.com/webcoranncatth.nsf/V...300330582/$file/MTQ_Announcement_06052013.pdf?openelement [result announcement]
http://info.sgx.com/webcoranncatth.nsf/V...300330582/$file/MTQ_FY2013_Press_Release_06052013.pdf?openelement [press release]

By simply annualizing the 4Q's key P&L numbers - which included/consolidated ASX-listed Neptune Marine Services Ltd ("Neptune") as a new 86.81%-owned subsidiary - MTQ is now a running enterprise with a yearly Revenue of close to $400.0m and PBT of close to $40.0m, before considering further business growth and full recovery of Neptune.

The proposed 1-for-4 bonus issue is a positive surprise! Coupled to it is a further positive surprise that the new bonus share shall be entitled to the unchanged $0.02/share Final dividend (with scrip option). As a shareholder I am already about to want to jump high and low! I think there is a high chance that Mr Market would get excited on MTQ right from the starting bell tomorrow morning!
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They are buying neptune Marine at a slight discount.

Their total Equity for Half Year Results Dec 2012 is about A$64M after deducting accumulated losses and their takeover bid is A$57.6M. A discount of about A$6.4M
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actually i can't understand what's the point of bonus issue? to improve liquidity?
or further dilutions of 25%?

anyhow, the 2cts scripts applicable on the bonus issue is good! Smile

how about 2.5cts scripts instead of the bonus issue? Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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Am I too late for the party?
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I am vested and bought long time ago below 50cents. Praying for 168
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Is MTQ now with a market cap of $136.7m (based on 100.168m issued shares and the last done share price of $1.365) over-priced? Clearly, not!

Based on MTQ's latest quarterly earnings and its growth momentum (including Neptune's profit recovery, which is still in the very early phase), is a potential market cap of $200.0m over the next 12 months possible, too far-fetched or unreasonable?
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(07-05-2013, 08:49 AM)pianist Wrote: I am vested and bought long time ago below 50cents. Praying for 168

Ok. Joined the party. My tickets are almost 3x yours. Popular mah, what to do?
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