Pteris Global   

Interroller

Group net asset value per ordinary share 11.9 cents

Earnings Per Share  (6.06 cents)

Last Done   $0.142 

 

Pteris Global Ltd  signed a Memorandum of Understanding (“MOU”) to enter into discussions and negotiate the acquisition of 100% of the issued and paid-up capital of AeroMobiles.

http://sgsharemarket.com/home/2011/07/singapore-company-highlights-18072011/?=Pteris 

 

the edge had a report on it..

no wonder chiong today..

they wanna be the biggest provider of conveyor belts

 

Finally this sleeping beauty starts to wake up.

 

 

1Q net profit is SGD 36,000 ... errr.... what are they doing in the office??

but anyway, luckily not like 4Q.. on loss la..

 

OK lah short the burger, if you dare loh.

 

1Q08 FS

income   -49% (vs 07)

profit    -99% (vs 07)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C327FBC015E0C05A48257441003859B8/$file/IREL_Results2008Q1.pdf?openelement

 

nickyng, you would love this..... give me commission if you earn money tomorrow shorting this, ha ha..

results just out ... horrible

52 weeks low on jan 23, 2008, 0.485

4Q results, nett profit drop from last year 4.4 millions profit to LOSS 4.2 million at 4 Q, causing whole year 2007 net profit decreased 32.5%.

with 4Q in loss operation of 4.2 million, tomorrow is Inter Roller show time.

if Dow drop tonight, i would day................. super dangerous.

 

This one is worth looking at but low volume though 

 

Inter-Roller has done consistently well in the past few years.

This year will be the same, as its property investment gains will ensure that the bottomline is up y-o-y.

Then next year, the big contracts clinched in 07 will boost the bottomline and topline. Just my reading of the situation.

there's an article at:

http://www.nextinsight.com.sg/content/view/156/55/

 

 

 

This counter holding up well... under accumulation?

 

This is much more readable.

Inter-Roller fell 21.2% to a 4-month low of $0.89, after Citigroup cited the firm's "disappointing" results and downgraded the stock.

Inter-Roller reported first-half profit after tax of $19.8 million, on the back of a S$12.9 million net gain from property divestments, up 48%from a year ago.

"Removing the $10.6 million net gains after tax from its sale of properties, Inter-Roller's net income for 1H07 plunged 31% yoy to $9.2 million," Citigroup said in a report.

Citigroup also downgraded the stock to "sell" from "buy", and lowered its tp to $0.90 from $1.10 after cutting its estimates for Inter-Roller's new orders, earnings and dividend payout.

"Inter-Roller indicated that delays in the award of contracts would lead to more revenue contribution in '08 instead of '07 and would have an impact on turnover in 3Q and 4Q07," Citigroup analyst Kevin Chong said in the note.

 

this is really sharp fall... might go down further.

 

http://www.remisiers.org/research//GetDoc.pdf

 

 

IN the current sentiment, investors are very unforgiving for stocks with negative news. The selldown seems a bit overdone.

 

Citigroup downgraded TP to $0.90 while DBSV downgraded TP to $1.00, downgraded to sell.....

 

Citigroup downgraded this stock to sell yesterday.

 

7 August 2007 | 8 pages

Inter-Roller Engineering (IRES.SI)

Downgrade to Sell: Prospects Toned Down and Weak Results



estimates for FY07E and 08E to S$130m (from S$150m) and S$160m (from

S$200m) respectively, (2) cut group earnings estimates between 26% and 31%,

(3) reduced dividend payout forecasts from 60% to 50%, (4) rolled over our target

peg from Dec-07 to Dec-08, (5) lowered our target price from S$1.10 to S$0.90,

and accordingly, (6) downgraded Inter-Roller (IRL) from Buy (1L) to Sell (3L).Modifications ? We have made the following changes: (1) lowered our new order



properties, IRL's net income for 1H07 plunged 31% yoy to S$9.2m. Even stripping

out the forex losses/gains for both periods saw PBT fall about 15% yoy. Group net

margins have fallen from between 16.5% and 17.5% for FY05/06 down to 11.9% in

1H07. DPS is cut from S$0.015 (2Q06) to S$0.01 (2Q07).Disappointing 1H07 ? Removing the S$10.6m net gains after tax from its sale of



lead to more revenue contribution in 2008 instead of 2007 and would have an

impact on turnover in 3Q and 4Q07. Further, the group indicated that it would

review the dividend payments for the whole year in 4Q07, taking into consideration

its cash position and capex plans. We think a cut in payout is possible.Prospects toned down ? IRL indicated that delays in the award of contracts would



Exco member has resigned (out of seven) and founder Yap Lem has sold most of

his shares in the group and has retired. We are uncomfortable with the many

changes at the top and suggest taking a more cautious view on IRL at this stage

despite the favorable macro view on aviation infrastructure spending.Management changes ? After our Apr-07 note regarding management changes, an

 

You have to remove the one-time gain to see the actual figures. Saw this call but pls verify the figures as I am not sure if they are correct:

STOCK CALL: CIMB downgrades Inter-Roller Engineering (J74.SG) to Neutral from Outperform due to "limited upside in the near term;" keeps S$1.17 target price. Notes 2Q07 net profit of S$15.1 million was boosted by exceptional gains from sale of investment properties at Suntec and Octagon Building; says once divestment gains stripped out, core net profit fell 75% on year to S$2.2 million. Notes, also delays in contract wins, but expects pick-up in 2H07. Trades down 8.0% at S$1.04 on thin volume. (JEM)


 

 

company reported good result. but the counter was down >20%. Anyone knows the reason?