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metech rights issue
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gnsmj5056
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20-May-2013 10:48
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Thank you stockmastermind for sharing the link. Despite the huge selldown by BB/s- it appears to be well -absorbed by other " BB's" - unlike some other BB's counters that will go down a few pips and resulting in volatile price fluctuations ... Just like to remind on the recent comments by Metech's mgmt in May 8 report on the business outlook: 10. A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the Group operates and any known factors or events that may affect the Group in the next reporting period and the next 12 months. The global economy continues to have its uncertainties and challenges of growth. The US federal government spending cutbacks forced by sequestration, the deep budget cuts that went into effect on 1st March 2013, has impacted the public spending. However, the Group’s anchor theater, US operation, which makes up more than three quarters of its recycling volume of end-of-life electronic waste (“e-Waste”), comes from the commercial sector. This should lessen the sequestration impact to the Group’s US operation in the short to medium term. A positive trend in the US is the acceleration of infrastructure deployment of 4G networks across the nation by the major telco providers. As the end-of-life telecommunication equipment is being replaced by the 4G networks, the Group’s US operation has experienced an upward surge in e-Waste volume from the telco customers. Such e-Waste has higher recovery value, thus contributing higher percentage of revenue and profit margin to the Group’s financial metrics. The other trend that the Group is monitoring closely is the price fluctuation of precious metals that began in April 2013. The Group is taking proactive measures to contain the impact of precious metals’ downward pricing trend persists. The Group will be streamlining its portfolio of businesses to focus on end-of-life e-Waste recycling. Leading independent research firms like IDC and Gartner have identified e-Waste recycling as an emerging industry. The eWaste recycling market size is increasing as various government initiatives and regulations have generated greater awareness among commercial sector to be socially responsible and to reduce their environmental footprints. To tap into the emerging e-Waste recycling industry, the Group will focus its organic growth strategy by maintaining the re-organisation momentum of its US operation that started nine months ago. It has thus far yield positive outcomes in three key areas: expansion of enterprise customers, increased operational efficiency and improved margin contribution. The US operation has become the key contributor to the Group’s performance. Given that the Group is in a better financial position from its sequential profitability and improved liquidity in the nine months of FY2013, it has prudently reinvested in the US operation by: deploying mechanisation to reduce the high manpower cost developing human capital to build excellent sales and operation teams revamping systems and processes to enhance competitive advantages. These efforts will strengthen the competency of the US operation, which will continue to support the Group’s growth objectives. The Group will also diligently assess business opportunities for inorganic growth. This includes viable acquisition targets that will add downstream and upstream businesses to the value chain of the Group’s e-Waste recycling competency. The expanded expertise will increase the addressable market. It will also enable the Group to provide comprehensive and competitive recycling services to the enterprise customers. The Group will further leverage its e-Waste recycling knowledge and customer base of its US operation to enter into new markets in Asia. These multi-pronged growth strategies will bring broader and more diverse revenue streams to the Group, which are integral to its commitment to increase its shareholders’ value. Barring unforeseen circumstances, the Group believes that it will be able to maintain its current profitability for its continuing operations. This release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other companies and venues for the sale / distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, and governmental and public policy changes. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events. Good luck to those vested. DYODD |
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stockmarketmind
Master |
20-May-2013 10:19
Yells: "stockmarketmindgames" |
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the dumping of metech shares! http://stockmarketmindgames.blogspot.sg/2013/05/metech-int-dumping-on-good-news.html |
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mb7269
Senior |
17-Apr-2013 15:00
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Better run. this one is buy and hold for long type.. | ||
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stockmarketmind
Master |
17-Apr-2013 11:11
Yells: "stockmarketmindgames" |
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quite scary as no buyers supporting the price. Have to run. http://stockmarketmindgames.blogspot.sg/2013/04/metech-int-1k-fast-punt.html |
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cmengchan
Member |
31-Aug-2012 08:42
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Change in shareholdings. Is Simon Eng bailing out? Who is Song Tang Yih?
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ksteosin
Member |
12-Jun-2012 23:05
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Please advise, what below means: The renounceable non-underwritten rights issue by the Company of up to 828,517,880 Rights Shares at an issue price of S$0.01 for each Rights Share with up to 828,517,880 free detachable Warrants, each Warrant carrying the right to subscribe for one (1) New Share at an exercise price of S$0.02 for each New Share, on the basis of one (1) Rights Share for every one (1) existing Share held by Entitled Shareholders as at the Books Closure Date, and one(1) Warrant given with one (1) Rights Shares subscribed, fractional entitlements to be disregarded. |
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