Post Reply
1-15 of 15
anyone can tell me wat happen?
one moment someone say NAV 0.61, another moment 0.71, all along i thought shld be 0.159. can someone advise me?
but anyway, i think this baby is still good for grab! especially at this downturn!!
Chairman's statement
"Devotion?s Domestic Wall-Hung Boilers was the key income earner for FY06. This is in line with the Group?s strategy as mentioned in the FY05 report, which called for a focus on export markets. With export sales leaping from a mere 400 units in FY04 to an impressive 27,000 units in FY06, growth is expected to continue and the Group had just announced overseas contracts for 50,000 units several months ago. With current export sales channels pivoting the division, coupled with continued efforts to expand internationally and domestically, this division should be able to deliver another roaring success for FY07.
Last year, in order to ease the domestic energy shortage situation, the Government of the People?s Republic of China initiated the import of Liquefied Natural Gas (LNG) from Australia. Devotion is honored that our experienced team was awarded contracts for the related infrastructure works in Fuzhou, Xiamen, Guangzhou, Shenzhen and Zhuhai. This is yet another demonstration of the strength of our Group?s engineering and installation division, which has always been a pillar of strength upon which we built the success of our multi-pronged growth in the energy business. "
This is only part of the business and there are more to it. The more I read about Devotion that more I am devoted to it. I believe this company will grow by leaps and bounds.
Any comment on this stock with net asset per share of 71 cents and current price of 47 cents. Revenue up from 10.6 million FY06 to current 19.4 million (June 07). Seems like a fantastiic stock with the chinese govt. encouraging eco friendly products. Going green is the future
The downside is truely limited with the sky is the limit. How come nobody vested???
just curious, how u get nav 0.61?
it should be 0.159. anyway its a good company to invest for energy conservation play.
nav is 0.61.. still have at least 40% gain from current price.. a good gem to hold n sleep well at nite..
another fa strong company..
Go baby go!
==========================
DEVOTION ENERGY GROUP LIMITED (Company Registration No. 200208977M)
PROCEEDS OF PRIVATE PLACEMENT OF 20,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF DEVOTION ENERGY GROUP LIMITED (THE ?PRIVATE PLACEMENT?)
The Directors of Devotion Energy Group Limited (the ?Company?) are pleased to announce that the Company has remitted the full amount of the proceeds of the Private Placement of S$2,000,000 to its subsidiary, Guangzhou Devotion Energy Technology Co., Ltd for construction of a new 53# Emulsified Green Coke plant. By Order of the Board of Devotion Energy Group Limited
Can't believe I missed the 0.48 signal. Was sleeping!! Let's hope to see a surge back up again by today.
sharks! big miss on Devotion really. it gap up today yet again....
hey! rayphua, very well done indeed for good to know that u make yet another "killing" on Devotion. Forumers here had benefited much from yr great calls. i managed to catch TOG but missed out on Devotion...not that bad lah afterall.
be patiently waiting for yr next call today.... :-) any potential ones in mind yet? kekeke!
Great run there bro waiting for ur pick today
Hey Ray,
sharks....i totally missed this Devotion today.
hope u guys make lots of $$$ on this counter.
It's about time this counter woke up again.