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INNOTEK LIMITED

orchartist
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07-Apr-2010 11:29

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Hi

First time posting here, testing

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AK_Francis
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07-Apr-2010 10:24

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Ha ha, for sure, it will adjust on XD 3 May, next mth. Hope, ds burger sui sui steadily climb till then loh. Seeing so many sifus talking about it, had tikam some liao. Cheers.

Zhiwei ( Date: 02-Apr-2010 19:47) Posted:

vested some 2 days ago......hope it will cheong all the way to 0.7 before the next sti correction...

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gohsyu
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07-Apr-2010 10:00

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Cheong Ah!!!

0.600 liao!!!!

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Zhiwei
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02-Apr-2010 19:47

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vested some 2 days ago......hope it will cheong all the way to 0.7 before the next sti correction...

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Bon3260
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02-Apr-2010 08:27

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0.575 liao!!!

Cheong Ah!!!

Bon3260 ( Date: 25-Mar-2010 09:39) Posted:

0.535 liao!!!

Cheong Ah!!!

Bon3260 ( Date: 17-Mar-2010 08:21) Posted:

InnoTek'll climb 0.70 & abv by end of tis yr... ('',)

Note: On 16-Mar-2010, InnoTek was last 0.475...

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tea444u
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31-Mar-2010 14:56

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long term long term long term...

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hsbhsb
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31-Mar-2010 14:31

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Innotek's share buyback has been very aggressive and consistent. The theory i read is that Innotek is buying back shares at a cheap price, and is confident that its share price can rise further cos of 1Q and 2Q results.

Company has said that the performacne will be better.

The mkt theory is that when the stock price rises further, the company can do a placement by selling the buyback shares at a higher price.

I think that is a very big bet. The company must be damn sure of their business performance.

I read the views at http://www.nextinsight.net/component/option,com_fireboard/Itemid,67/func,view/id,3232/catid,3/limit,6/limitstart,18/

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risktaker
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30-Mar-2010 21:58

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Still a Buy :) Looking Around $0.80 - $1.00

Hulumas ( Date: 25-Mar-2010 13:39) Posted:

About to take profit of my holding!

investment ( Date: 19-Mar-2010 10:59) Posted:

Cool man,agressive buying back their own shares.

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Hulumas
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25-Mar-2010 13:39

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About to take profit of my holding!

investment ( Date: 19-Mar-2010 10:59) Posted:

Cool man,agressive buying back their own shares.

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Bon3260
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25-Mar-2010 10:19

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Sori, I cnt ask pple 2 buy shares here...

U shd do ur own hm work k...

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Bon3260 ( Date: 25-Mar-2010 10:16) Posted:

If u got monies 2 hold till end of tis yr... Juz buy Innotek lah...

If u again got extra monies 2 hold, juz buy Meiban Gp too lah...

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leoleo ( Date: 25-Mar-2010 09:49) Posted:

0.53 worth to buy? Beside high div , this company got any potential to grow ?

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Bon3260
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25-Mar-2010 10:16

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If u got monies 2 hold till end of tis yr... Juz buy Innotek lah...

If u again got extra monies 2 hold, juz buy Meiban Gp too lah...

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leoleo ( Date: 25-Mar-2010 09:49) Posted:

0.53 worth to buy? Beside high div , this company got any potential to grow ?

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leoleo
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25-Mar-2010 09:49

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0.53 worth to buy? Beside high div , this company got any potential to grow ?

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Bon3260
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25-Mar-2010 09:39

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0.535 liao!!!

Cheong Ah!!!

Bon3260 ( Date: 17-Mar-2010 08:21) Posted:

InnoTek'll climb 0.70 & abv by end of tis yr... ('',)

Note: On 16-Mar-2010, InnoTek was last 0.475...

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hotokee
Veteran

23-Mar-2010 15:18

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Looks good and starting to move. Just watch the volume and be prepared to take profit when there is opportunity, unless got some big news.

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tea444u
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23-Mar-2010 14:25

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hi Folks...

me just in at 515...joining the innotek family....great dividend yield and company also got hope to grow further...... hmmm hope this turns out to be a true GEM

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Bon3260
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23-Mar-2010 09:35

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0.52 liao!!! ('',)

Cheong Ah!!!

Bon3260 ( Date: 17-Mar-2010 08:21) Posted:

InnoTek'll climb 0.70 & abv by end of tis yr... ('',)

Note: On 16-Mar-2010, InnoTek was last 0.475...

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investment
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22-Mar-2010 20:16

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Innotek's high dividend policy to continue

Firm on lookout for M&A opportunities, focus on earnings accretive companies

By TIMOTHY SEOW

MAINBOARD-listed Innotek - which for the second year running has proposed a final dividend of five cents a share - says that its high dividend payouts will continue in the long term and it is also on the lookout for merger and acquisition opportunities.

Mr Yong: Believes that the high dividends are sustainable in the long term as the firm has cash and a strong base of customers

Innotek's new managing director Yong Kok Hoon told BT that the company is positioning itself as a high-divided stock because it is not in a 'very sexy kind of sector' and thus does not attract sufficient attention.

In recent years, Innotek has rewarded shareholders handsomely. It paid dividends of 10 cents a share in 2007 and 2008 after the $180 million sale of its hard disk drive (HDD) business to Japan's TDK. Including last year, the total dividend payout in the past three years has amounted to $59 million.

A share price of around 44 cents means that Innotek's proposed dividend of five cents a share makes for a yield of around 11 per cent. This equates to a total payout of $11.6 million. And subject to shareholder approval, that will take place on May 26.

Mr Yong, who was previously Innotek's chief financial officer, believes that the high dividends are 'sustainable' in the long term. 'First, we have cash, and second, we are very stable with a strong base of customers,' he said.

Innotek has strong cashflow and can pay out from operations alone, as it has low capital expenditure and high depreciation costs, he said. It is also not dipping into cash reserves.

Innotek, which used to be known as Magnecomp International, enjoyed a huge turnaround in fortunes in FY2009, recording net profit of $7.6 million, compared with a net loss of $7 million the year before.

This was achieved despite a fall in revenue to $361.5 million in FY2009, from $421.6 million in FY2008 - a result of cost-cutting measures, efficiency improvements and lower raw material prices.

Mr Yong expects a 'better year-on-year performance for Q1 2010 and FY 2010'.

In the meantime, Innotek is on the alert for possible M&A opportunities, focusing especially on earnings accretive companies that can 'boost its bottom line'.

Such companies will preferably be 'synergistic with its manufacturing operations', said Mr Yong, though he 'does not rule out something small, but with high growth potential, such as the alternative energy sector that could have high growth or margins'.

The 2007 sale of its HDD business marked a significant change in its strategy, as it sold a more 'sexy' but also 'more volatile' business and moved into a 'more stable' one, Mr Yong said.

In 2008, it used funds from the HDD sale to buy the remaining shares of Mansfield Manufacturing Company, a precision metal component manufacturer that is now its wholly owned subsidiary.

Mr Yong said that Innotek is seeking to expand into the more 'high-margin' business of medical equipment and automotive parts, which now make up 5 per cent and 9 per cent of overall revenue.

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Bon3260
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20-Mar-2010 14:37

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Yes...

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risktaker ( Date: 19-Mar-2010 22:50) Posted:

hmmmm will be become like osim ? going $0.80 ?

Bon3260 ( Date: 19-Mar-2010 18:12) Posted:

DAILY SHARE BUY-BACK NOTICE

* Asterisks denote mandatory information

Name of Announcer *	INNOTEK LIMITED
Company Registration No.	199508431Z
Announcement submitted on behalf of	INNOTEK LIMITED
Announcement is submitted with respect to *	INNOTEK LIMITED
Announcement is submitted by *	Linda Sim Hwee Ai
Designation *	Company Secretary
Date & Time of Broadcast	19-Mar-2010 17:43:17
Announcement No.	00079

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Name of Overseas Exchange where Company has Dual Listing (if applicable) n/a

(A) Share Buy-Back Authority

I. Maximum number of shares authorised for purchase* 23,340,742

(B) Details of Purchases Made

I. Purchases made by way of market acquisition Yes

If answer to the above question is Yes, please fill in the following :

		Singapore Exchange	Overseas Exchange
1	Date of Purchases	19-03-2010
2a	Total number of shares purchased	327,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	327,000
3a	Price paid per share# or	Currency : S$ Amount : 0.485	Currency : [Select Currency] Amount :
3b	Highest price per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
	Lowest price per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$ Amount : 159,014.99	Currency : [Select Currency] Amount :

# Specify currency

II. Purchases made by way of off-market acquisition on equal access scheme? No

If answer to the above question is Yes, please fill in the following :

		Singapore Exchange	Overseas Exchange
1	Date of Purchases
2a	Total number of shares purchased
2b	Number of shares cancelled
2c	Number of shares held as treasury shares
3	Price paid or payable per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :

# Specify currency

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% ¹	No.	%	No.	%
Cumulative no. of shares purchased to-date ²	14,131,000	6.05	0	0	14,131,000	6.05

¹ Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution
² From the date on which the share buy-back mandate is obtained

(D)	Number of issued shares excluding treasury shares after purchase *	231,791,428
	Number of treasury shares held after purchase*	14,131,000

Footnotes

Attachments

Total size = 0
(2048K size limit recommended)

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susan66
Master

20-Mar-2010 00:52

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Really hope so, just got in at 0.50, actually have been observing since 0.455 should have gone in earlier but today think upside more confirmed, going to break all time high of 0.51. Way To Go

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risktaker
Supreme

19-Mar-2010 22:50

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hmmmm will be become like osim ? going $0.80 ?

Bon3260 ( Date: 19-Mar-2010 18:12) Posted:

DAILY SHARE BUY-BACK NOTICE

* Asterisks denote mandatory information

Name of Announcer *	INNOTEK LIMITED
Company Registration No.	199508431Z
Announcement submitted on behalf of	INNOTEK LIMITED
Announcement is submitted with respect to *	INNOTEK LIMITED
Announcement is submitted by *	Linda Sim Hwee Ai
Designation *	Company Secretary
Date & Time of Broadcast	19-Mar-2010 17:43:17
Announcement No.	00079

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Name of Overseas Exchange where Company has Dual Listing (if applicable) n/a

(A) Share Buy-Back Authority

I. Maximum number of shares authorised for purchase* 23,340,742

(B) Details of Purchases Made

I. Purchases made by way of market acquisition Yes

If answer to the above question is Yes, please fill in the following :

		Singapore Exchange	Overseas Exchange
1	Date of Purchases	19-03-2010
2a	Total number of shares purchased	327,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	327,000
3a	Price paid per share# or	Currency : S$ Amount : 0.485	Currency : [Select Currency] Amount :
3b	Highest price per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
	Lowest price per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$ Amount : 159,014.99	Currency : [Select Currency] Amount :

# Specify currency

II. Purchases made by way of off-market acquisition on equal access scheme? No

If answer to the above question is Yes, please fill in the following :

		Singapore Exchange	Overseas Exchange
1	Date of Purchases
2a	Total number of shares purchased
2b	Number of shares cancelled
2c	Number of shares held as treasury shares
3	Price paid or payable per share#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : [Select Currency] Amount :	Currency : [Select Currency] Amount :

# Specify currency

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% ¹	No.	%	No.	%
Cumulative no. of shares purchased to-date ²	14,131,000	6.05	0	0	14,131,000	6.05

¹ Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution
² From the date on which the share buy-back mandate is obtained

(D)	Number of issued shares excluding treasury shares after purchase *	231,791,428
	Number of treasury shares held after purchase*	14,131,000

Footnotes

Attachments

Total size = 0
(2048K size limit recommended)

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