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End at 7.55. not sure it will dip further. Or rebound a bit.
Now dip more than DVD. Not sure worth to buy in.
Weak set of1Q13 results which was below expectations. The group saw a rev at $530.5m, -8% y/y and -10 % q/q and a -21% y/y fall in net profit to $28m for 1Q13, where it saw earnings decline across most of its segments, as well as other factors including an income tax expense and a lower share of profit of associate. Ventures rev dropped q/q across nearly all major segments with:
1) Printing & Imaging -36.8% q/q to $63.7m
2) Computer peripherals & Storage -11.9% q/q to $64.2m
3) RSS & Industrials segment -7.5% q/q to $169.4m and
4) Networking & Communication segment -5.5% q/q to $86.4mn.
5) The only segment to see a revenue growth was T& M, Medical & Others which +1.6% q/q to $146.8mn.
Venture said that the operating environment for the global electronics industry remains challenging and that there is still no clear sign that customers' end market is staging a strong recovery in the near term. Going forward, grp aims to sharpen its focus on increasing its market share from existing customers and winning new programs and customers. It will also continue to consider strategic investments that meet its longer-term objectives. The group remained net cash positive at $294.1m as at March 31. At current price, grp trades at an attractive 6.6% div yield.
Nomura maintains Buy with $9.20 TP OCBC downgrades to Hold from Buy with $8.00 TP Venture downgrades to Hold from Buy with $8.58 TP Maybank-KE downgrades to Sell with $6.70 TP
I entered at 8.35 today... Using the 50c div as a buffer after xd.
Listing ( Date: 25-Apr-2013 16:32) Posted:
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One fund, is it Aberdeen, entered at 8.40plus recently I think!
result will be no good
going xd next week but price seemed to be trending downward since last week.
FOR THE YEAR ENDED 31 DECEMBER 2012, VENTURE REPORTS
� �
REVENUE OF S$2.4 BILLION� �
PROPOSED FINAL DIVIDEND OF 50 CENTS PER SHARE
Readmore:
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E056D5CDD2C1015848257B20003E02BA/$file/4Q2012PressRelease.pdf?openelement
Still time to go in for more ???
Waiting for 0.55 dividends.. It's a high yield stock and is cash rich!
Hihi, another new high (12 months)..................................:):)
Wow your definition of round the corner is 4-5 months down the road.LOL
john_ric ( Date: 08-Jan-2013 11:27) Posted:
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Venture : recoup slight loss today. ready to move up again.
dividend 55cents around the corner.
Venture blastoff!!
catalyst ( Date: 31-Aug-2012 17:47) Posted:
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Engulfing past 6 candles. Positive on RSI.Good things to come?