MAP Tech   

MAP tech

any big news coming ? excited...

 

If a BIG Hard disk company RTO it.

It would be good news.

Especially if a giant hard disk company wants to list in SGX, the easiest way to do is to buy majority share in the market or put a good offer per share.

That will be the best sort of new and a catalyst. Its a possibility. 

Majority or their factory is in Thailand-  Thailand become more stable now. No more political unrest by Red shirt.

Also they have a case with Fujitech or something........... 

 

 

Maptech is moving well this few days........cheers.

 

Should be after January - FY ends 31 DEC 2010.

The CEO says, Shareholder will thanks him.

Maybe he imply that they will make up for the last FY where first time no dividents.

All don't know.

But think its good to punt at current price in 4 months time, when they announce dividents, its like an extra bonus.

If PPl expect good dividents, they'll probablygo in in NOV/DEC after that don't know how much the price will go up.

StockGuru      ( Date: 23-Aug-2010 15:09) Posted: man... where's the dividend that they promised in the previous news?     Regards, StocksGuru

 

man... where's the dividend that they promised in the previous news?

 

 

Regards,

StocksGuru

 

If they can make good profit and announce a even 1 cent interim dividends. Can hit 10 cents in the same day. if announce more then that....maybe 13cents......

If a company is making money and give interim  dividents, it would be an attractive stock. and of course it will be in demand.

ONLY IF !!! 

But that IF  may only happen in their  next quarter of  maybe next year Feb, just before Chinese new year.

But Hopefully it will be earlier, perhaps before Christmas, to give its loyal shareholders some good year end bonus  to celebrate Christmas :) 

Thailand seems stable now with no news of protest from red or yellow shirt. :) 

For now is , We can just hope and wish................and it might come true.

Nevertheless, its quietly positive.thus far.  

Cheers. 

 

got chance for 0.065 today ?

 

moving up soon. results out anytime NOW.

 

May i know when is the 2nd Q results out for map?

 

half year result out soon. stay tuned. vol pick up today, gd sign !

 

how abt GMG global better right ?

moneycow      ( Date: 26-May-2010 10:48) Posted: some weak holder may need hard cash for other reasons, like maybe they lost quite a bit on other stocks,  and they needs cash so they have to sell off..... this one have been quite stable through the turbulence period lately.........  Its a good entry point..... for those whom wants  to invest  for mid to long period for max ripping. But don't takes other's word for granted. :) Good luck.

 

some weak holder may need hard cash for other reasons, like maybe they lost quite a bit on other stocks,  and they needs cash so they have to sell off..... this one have been quite stable through the turbulence period lately......... 

Its a good entry point..... for those whom wants  to invest  for mid to long period for max ripping.

But don't takes other's word for granted. :)

Good luck. 

 

Anybody stock up on more stocks at 0.04 recently? It's been a very bear period! Huat arh! I hope the nxt dividend will be as high as in the past as promised by the Director.

 

It has solid cash on holding...and ...business is picking up....................

Buy and keep for mid term of 6-12 months to rip the best returns...

The hint is there.............. 

 If you have some cash putting aside for  saving for longer term...grow it fast with this map... would be quite wise... or bank give u less then 0.5% interest... but its more like sure bet....

Map is good chance...but not guaranteed.it looks bright.........this year.. 

 

moneycow      ( Date: 04-May-2010 02:28) Posted: The chairman already say,  you would likely thanks them during the next AGM for the dividends.:) And if all goes well, which is expected to,  the company will make  a good profit this year......... and they will reward all the shareholders with a good one :) The Chairman  already hinted. and he says its important that company give dividents to be a good company....... so just before the year end........the share price like to fly before the announcent.. till then don't know how much it will go up till...  now is  5.5 cents instant and 5 cents wait a bit longer unless u in front quee maybe end of the day got small chance :).

 

The chairman already say,  you would likely thanks them during the next AGM for the dividends.:)

And if all goes well, which is expected to,  the company will make  a good profit this year.........

and they will reward all the shareholders with a good one :)

The Chairman  already hinted. and he says its important that company give dividents to be a good company....... so just before the year end........the share price like to fly before the announcent.. till then don't know how much it will go up till...  now is  5.5 cents instant and 5 cents wait a bit longer unless u in front quee maybe end of the day got small chance :). 

 

No matter how much u vest in, just have to remember this counter needs patience to ripe handsome rewards.

 

no chance to buy 0.05. q many days. anyone follow ?

 

must have confidence on this counter just that it is need time to recover.

 

 1.8b share..forget the dividen..wait to sell better price

 

Want to load more is ok. But must be patience with this one. It may be a multi-bagger loh

29-Apr

Venue: Marina Mandarin Hotel
Time & date: 11 am, Apr 28

THE NON-EXECUTIVE chairman of MAP Technology assured shareholders that it views paying dividends as being key to what it means to be a “good company”.

Mr Robert Chia said: “We will do our best. Next year, I hope you will attend our AGM again and I hope you will say ‘thank you’.”

He was replying to a question from a shareholder at the company’s AGM.

Map Technology had paid out 60-70% of its net profit in 2007 and 2008 as dividends. However, for FY09, it is not paying a dividend because of losses.

The company’s fortunes appear to have brightened considerably.

Riding a boom in the Hard Disk Drive industry, it has reported 1Q profit of US$3 million, reversing a loss of US$1.34 million in the same quarter in 2009.

Some highlights of the Q&A session:

Robert Chia (centre, with tie) and Philip Foo (right, in jacket) speaking with shareholders after the AGM. Photo by Leong Chan Teik

Q The company’s attempt to list its shares as TDRs was rejected because of its losses in FY09. Was the board not aware of the requirement of the Taiwanese authorities?

Robert Chia: The initial indication from the authorities was positive. There were many layers and in the end, they decided not to approve our application. The reason we wanted to do the listing is to improve the liquidity of our shares and improve the shareholder value. But it happened that different authorities had different views.

Q There is a provision of doubtful debt of $13 million. Is that collectible or written off?

Philip Foo (executive director): We are taking legal action to recover it.

Robert Chia: This year we started afresh. We have done full 100% provision and any recovery of the debt will be positive to the company.

Q: Any more provisions expected this year?

Robert Chia: 2008 and 2009 were bad years for many companies. Fortunately, we are here today, which means our company survived. I don’t see any need to make provisions this year. I’m of the view, based on the 1Q result, we are very positive of the results for the whole year.

Q: A number of board directors have resigned and the CFO was terminated. Were these due to mismanagement of the company and because of the provisions made?

Robert Chia: In any family, there are always different views among siblings and spouses. It doesn’t mean mismanagement. As of Dec 31, this company has a net cash position of US$20 million, so the value is there. The company has not been mismanaged.