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Elektromotive settles dispute with vendor in RTO deal, 22 Apr. Christopher Pan, founder of Calypso Holdings & Investments, will pay a sum of £350,000 (S$658,000)
any news from EGM?
upside or downside?
thunderdoor ( Date: 21-May-2013 16:27) Posted:
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still MOU.. this company shouldnt be trusted... the proposed div. payout havent materialized.
Elektromotive Signs MOU with Renshou County Government to Provide Electric Vehicle Fleets and Infrastructure for Towns and Industrial Zones
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F172C551AB4EDB9C48257B63002AED55/$file/Elektromotive_MOU_Renshou_County_6May13.pdf?openelement
Very promising counter.. gd luck dyodd
| Surprise! ELEKTROMOTIVE plans dividend payout and share buyback |
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Ricky Ang, MD of Elektromotive. NextInsight file photo ELEKTROMOTIVE shareholders -- look out for a special dividend and share buyback action by the company. It has announced these plans (but not details like when and how much) in a statement on Thursday (Dec 13) regarding its proposed divestment of a 55% stake in a UK subsidiary for S$10.8 million cash. The dividend payout is notable as Elektromotive has not paid a dividend since 1999. Neither has it done a share buyback in many years -- at least not in the past 5 years (which is how far back the SGX's public records show) On the other hand, Elektromotive has done a rights issue, garnering about S$5 million in the middle of this year from shareholders. Chargemaster Plc is the buyer of the Elektromotive subsidiary, Elektromotive Ltd (EUK), one of the world’s leading providers of technology and engineering solutions for electric vehicle recharging stations. The consideration of S$10.8 million for EUK represents 86.0% of Elektromotive Group’s market capitalisation as of 12 December 2012. As of 30 Sep 2012, the Group has borrowings of S$1.5 million. Following the completion of the transaction, the Group’s net cash position will exceed S$10.0 million. And after the divestment, Elektromotive will receive a royalty-free license to use the legacy technologies and solutions already developed by EUK. Under the licence, the Group is permitted to use certain EUK-related technologies in Asia and Australasia, excluding Japan. Ricky Ang, MD of Elektromotive Group, commented, “With this proposed divestment, our war chest will be significantly strengthened for us to pursue electric vehicle-related business opportunities in various fast-growing Asian markets, particularly China. " Asia as a whole contributed about one third of the global market in terms of electric vehicles and electric recharging equipment in 2011. This contribution is set to grow given the strong emphasis by the Chinese government to encourage EV sales so as to reduce emissions and fossil fuel consumption." |
CONVERSION OF 300,000 WARRANTS
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9172396A31BFED7E48257A7100329C58/$file/Elektromotive_Conversion_of_300000_Warrants_6Sep12.PDF?openelement
Oh no, Elektromotive got sued back by the Brunei Prince (according to the the front page in the BT today.)
But why the share never got pushed down by this news?
Q& A
Q: Venturing into this area (technology-wise) is not new and has been
taken up by many other companies. What differentiates you from the
other companies?
A: We have access to the government with the connections of Prince
Hakeem, which is essential as we need the corporation and support of the
government in order to kick start any projects. Additionally, we connections
with automotive companies and are also the first mover advantage and a
market leader involving in setting the standards for electric vehicle charging.
Q: What differentiates you from ChargeMaster?
A. What distinguishes us would be that firstly, we have a patent on the locking
mechanism and secondly, our software. For the locking mechanism, it is
actually a ledge with RFID technology which provides extra safety.
Additionally, no electric current can go through unless the cord is properly
plugged in (such a safety feature is essential to eliminate the risk of accidental
electrocution). Moreover, we are definitely price competitive.
About Us
• Located in: Elektromotive Ltd The Sussex Innovation Centre, Science
Park Square, Falmer, Brighton, East Sussex, BN1 9SB, UK
• Surf: info@elektromotive.com
Contact: Tel: + 44 (0)1273 704775
Fax: + 44 (0)1273 704499
Source: Company
Financial analysis
FYE Mar 2008 2009 2010 2011
Revenue (SGD m) 5.5 5.5 5.3 5.5
EBITDA (SGD m) (5.0) 1.7 (0.4) (2.1)
EBITDA margins (%) -91.2% 29.8% -8.3% -37.4%
Pretax profit (SGD m) (54.3) (3.4) 5.6 (5.4)
Net profit (SGD m) (42.7) (3.1) 5.6 (5.4)
EPS (SGD cents) (5.1) (0.4) 0.6 (0.5)
EPS growth (%) n.m. n.m. n.m. n.m.
P/E (x) n.m n.m 1.0 n.m
FD EPS (SGD cents)
(5.1)
(0.4) 0.6 (0.5)
FD P/E (x) n.m n.m 1.0 n.m
Gross DPS (SGD cents)
-
- - -
Dividend yield (%) n.m n.m n.m n.m
PBV (x)
1.5
33.1 2.1 6.1
ROE (%)
-
306.0% -210.0% 393.6% -274.2%
Net gearing (%) 106.0% 87.2% - -
Net cash per share (SGD cents) - - 0.1 0.1
Source: Bloomberg
Key Takeaways
• Elektromotive, a Company providing electric vehicle charging stations,
Food & Beverage (F& B) and media services kicked off our Corporate
Focus Series lunch talk yesterday. The Company is in the midst of phasing
out the (F& B) division, with one lease left before complete termination of
F& B. There will be minimal losses involved in 2HFY12 as Elektromotive
managed to terminate the leases early. Publishing division remains for
media purposes such as media coverage. 2H12 results are unlikely to
excite as the company transitions to focus on its electric vehicles (EV)-
related business.
• Look forward to FY13 results which will show the potential of its EV
charging business. Four key catalysts that ignite interest in this stock are:
1) any announcement of a tie-up with automotive makers, 2)
announcement with back-end players in the EV charging business 3)
announcement with power supply companies that provide the electricity
necessary for charging such vehicles, and 4) successful IPO exercise by
its competitor, ChargeMaster, in London.
• Revenue growth from the EV-related business in March 2013 could come
in significantly more than the current S$0.7m reported in 1H12. Given the
low base, multiples of this number should not surprise.
• Placing full focus on Elektromotive. Currently, the Company owns a 51%
stake in Elektromotive. The Company could raise its stake in Elektromotive
eventually.
• Small competitors are aplenty as the industry is still fragmented and in
the early stage of growth. In the UK, ChargeMaster (established since
2008) is often quoted as a competitor. All eyes are on ChargeMaster now
as the company is aiming for an IPO this year with valuations touted at
market cap of between 75m to 100m British pounds. Although privately
held, industry sources are telling us that the company is still loss making.
• Market Leader in the European market and enjoys first mover advantage.
In distinguishing itself from competitors in the UK, Elektromotive leverages
on its patent on software and locking mechanism. In addition, an accident
free charging track record stands in the Company’s favour as safety is
paramount when governments deliberate on which partner to work with.
• 2012 – Year of the electric vehicle. 2012 could well be the year of the
electric vehicle as major car makers start to rollout new and more
importantly aesthetically appealing electric vehicle models. One of the
impediments in purchasing an electric vehicle was that the current models
were in a word, ugly.
What the company does?
• Based on the South Coast of the UK, in the City of Brighton and Hove, the
company specialises in the manufacture and installation of charging
infrastructure for electric cars and other electric vehicles.
• The company's primary product is the Eleltrobay Charging Point, Home
Charger and EBConnect network application to manage infrastructure and
user schemes.
• The company has three distinct business units—OEM, Infrastructure and
Elektronet.
• Partnerships with major corporations including EDF Energy and Mercedes
Benz to supply charging posts and data services.
• Partnerships with Mercedes-Benz and Smart, where both firms have been
preparing for the widespread uptake of EVs in the UK by beginning the
installation of recharging points across their dealer networks.
• Currently, the company has over 1,000 fully installed electric vehicle
charge points across the UK and has exported to more than 20 countries
worldwide.
Key Takeaways
•
Food & Beverage (F& B) and media services kicked off our Corporate
Focus Series lunch talk yesterday. The Company is in the midst of phasing
out the (F& B) division, with one lease left before complete termination of
F& B. There will be minimal losses involved in 2HFY12 as Elektromotive
managed to terminate the leases early. Publishing division remains for
media purposes such as media coverage. 2H12 results are unlikely to
excite as the company transitions to focus on its electric vehicles (EV)-
related business.
Elektromotive, a Company providing electric vehicle charging stations,•
charging business. Four key catalysts that ignite interest in this stock are:
1) any announcement of a tie-up with automotive makers, 2)
announcement with back-end players in the EV charging business 3)
announcement with power supply companies that provide the electricity
necessary for charging such vehicles, and 4) successful IPO exercise by
its competitor, ChargeMaster, in London.
Look forward to FY13 results which will show the potential of its EV•
in significantly more than the current S$0.7m reported in 1H12. Given the
low base, multiples of this number should not surprise.
Revenue growth from the EV-related business in March 2013 could come•
stake in Elektromotive. The Company could raise its stake in Elektromotive
eventually.
Placing full focus on Elektromotive. Currently, the Company owns a 51%•
the early stage of growth. In the UK, ChargeMaster (established since
2008) is often quoted as a competitor. All eyes are on ChargeMaster now
as the company is aiming for an IPO this year with valuations touted at
market cap of between 75m to 100m British pounds. Although privately
held, industry sources are telling us that the company is still loss making.
Small competitors are aplenty as the industry is still fragmented and in•
In distinguishing itself from competitors in the UK, Elektromotive leverages
on its patent on software and locking mechanism. In addition, an accident
free charging track record stands in the Company’s favour as safety is
paramount when governments deliberate on which partner to work with.
Market Leader in the European market and enjoys first mover advantage.•
electric vehicle as major car makers start to rollout new and more
importantly aesthetically appealing electric vehicle models. One of the
impediments in purchasing an electric vehicle was that the current models
were in a word, ugly.
2012 – Year of the electric vehicle. 2012 could well be the year of theWhat the company does?
•
company specialises in the manufacture and installation of charging
infrastructure for electric cars and other electric vehicles.
Based on the South Coast of the UK, in the City of Brighton and Hove, the•
Charger and EBConnect network application to manage infrastructure and
user schemes.
The company's primary product is the Eleltrobay Charging Point, Home•
Elektronet.
The company has three distinct business units—OEM, Infrastructure and•
Benz to supply charging posts and data services.
Partnerships with major corporations including EDF Energy and Mercedes•
preparing for the widespread uptake of EVs in the UK by beginning the
installation of recharging points across their dealer networks.
Partnerships with Mercedes-Benz and Smart, where both firms have been•
charge points across the UK and has exported to more than 20 countries
Q:
taken up by many other companies. What differentiates you from the
other companies? A: We have access to the government with the connections of Prince
Hakeem, which is essential as we need the corporation and support of the
government in order to kick start any projects. Additionally, we connections
with automotive companies and are also the first mover advantage and a
market leader involving in setting the standards for electric vehicle charging. Q: W A. What distinguishes us would be that firstly, we have a patent on the locking
mechanism and secondly, our software. For the locking mechanism, it is
actually a ledge with RFID technology which provides extra safety.
Additionally, no electric current can go through unless the cord is properly
plugged in (such a safety feature is essential to eliminate the risk of accidental
electrocution). Moreover, we are definitely price competitive. About Us •
Park Square, Falmer, Brighton, East Sussex, BN1 9SB, UK • Contact:
Fax: + 44 (0)1273 704499 Source: Company Financial analysis FYE Mar 2008 2009 2010 2011 Revenue (SGD m) 5.5 5.5 5.3 5.5
EBITDA (SGD m) EBITDA margins (%) -91.2% 29.8% -8.3% -37.4%
Pretax profit (SGD m) Net profit (SGD m) EPS (SGD cents) EPS growth (%) n.m. n.m. n.m. n.m.
P/E (x) n.m n.m 1.0 n.m
FD EPS (SGD cents)
(5.1)
(0.4) 0.6 (0.5)
FD P/E (x) n.m n.m 1.0 n.m
Gross DPS (SGD cents)
-
- - -
Dividend yield (%) n.m n.m n.m n.m
PBV (x)
1.5
33.1 2.1 6.1
ROE (%)
-
306.0% -210.0% 393.6% -274.2%
Net gearing (%) 106.0% 87.2% - -
Net cash per share (SGD cents) - - 0.1 0.1
worldwide.
Source: Bloomberg
ozone2002 ( Date: 31-Aug-2012 10:35) Posted:
|
has been in the top volume spotlight for past few days
now .003.. looks like must avg down
invest for the future.. Electric cars!
Elektromotive top vol..
the next penny play?
vested low 0.005 & 0.006
the future of cars - electric
Lots of buying t $0.007....