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Sori - No dividend for this 1st Q result.
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/0A7A15AA0650AB29482577E5001336BB/$File/2.1.1%20Prospectus%20of%20Amtek%20Engineering%20Ltd%20dated%2024.11.2010.PDF (see page 33)
DIVIDEND POLICY
Statements contained in this section that are not historical facts are forward-looking statements. Subject to certain risks and uncertainties which could cause actual results to differ materially from those which may be forecast and projected. Under no circumstances should the inclusion of such information herein be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions by us, the Vendor, the Underwriters or any other person. Investors are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
See “Forward - Looking Statements”. We are a holding company and will be dependent on distributions from our subsidiaries in order to pay dividends in the future. The ability of our subsidiaries to declare and pay dividends to us will be dependent on the cash income of and cash available to such subsidiary and may be restricted under applicable law or regulation. See “Risk Factors —Risks Relating to the Ownership of Our Shares— We may not be able to pay dividends in the future” and “Regulation —PRC—Other Laws and Regulations — Dividend Distribution”.
The declaration and payment of future dividends may be recommended by our Board of Directors at their discretion and will depend upon our operating results, financial condition, other cash requirements including capital expenditures, the terms of borrowing arrangements (if any) and other factors deemed relevant by our Directors. This, in turn, depends on our strategy, the successful implementation of our strategy and onfinancial, competitive, regulatory, general economic conditions and other factors that may be specific to us or specific to our industry, many of which are beyond our control.
Subject to the factors described above, our Board of Directors intends to pay dividends of up to 50.0% of our net profit after tax after considering a number of factors, including our level of cash and revenue reserve, results of operations, business prospects, capital requirements and surplus, general financial condition, contractual restrictions, the absence of any circumstances which might reduce the amount of revenue reserve available to pay dividends, and other factors considered relevant by our Board of Directors, including ourexpected financial performance.
Our dividends per share in fiscal years 2008, 2009 and 2010 is set forth as follows:
Dividends per Share(2) Fiscal year
U.S. cts . . . . . . . . . . . . . .year-2008 - 0.09..... year-2009 - 16.20..... year-2010 - (Blank)
Singapore cents .(3) . . . . . ...year-2008 - 0.12..... year-2009 - 23.46..... year-2010 - (Blank)
1) As a result of our corporate restructuring which generated surplus cash, we paid dividend to MCS, our shareholder at that time.
2) Based on 1,180.3 million and 543.2 million Shares outstanding at the point of dividend payment in each of fiscal years 2008 and 2009 respectively and adjusted for the Share Split (as defined in “Dilution”).
3) Based on exchange rates of S$1.3608 and S$1.4480 per U.S. dollar, reflecting the exchange rate as of the end of fiscal year 2008 and 2009, respectively.
As at the date of this document, no dividend payment by our Company is outstanding. Any final dividends we declare must be approved by an ordinary resolution of our shareholders at a general meeting. All dividends must be paid out of our profits available for distribution. We are not permitted to pay dividends in excess of the amount recommended by our Board of Directors. Our Board of Directors may, without the approval of our shareholders, also declare interim dividends. See “Description of OurShares— Dividends” for information relating to payment of dividends.
See “Taxation” for information relating to taxation of dividends. Cash dividends, if any, will be paid in Singapore dollars.
It NAV value set at US$0.26c. Lastest news
http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20101215:nSNCF11631
Note:
# Transactions with Standard Chartered Bank comprise interest expenses and commitment fees,
amounting to S$4.2 million and S$0.1 million respectively, pursuant to the US$245 million term loan
and revolving credit facilities agreement entered into.
Use of IPO Proceeds
Pursuant to the initial public offering (“IPO”) of the Company shares on the Mainboard of the Singapore Stock Exchange Securities Trading Limited (the “SGX-ST”) on 1 December 2010, the Company received repayment of the Vendor loan, as defined in the Amtek IPO Prospectus, of approximately S$52.7 million. The repayment of the Vendor Loan was funded from IPO proceeds received by the Vendor, Metcomp Holdings.
As at the date of this announcement, out of the S$52.7 million Vendor Loan repaid, theCompany has utilised US$25 million to repay its long term loan, approximately US$0.2 million on capital expenditure. Combined with a scheduled repayment of US$15 million of term loan on 30 November 2010, the Group has reduced its long term loans by US$40.0 million.
PDF 1: AMTEK ENGINEERING LTD (First Quarter Results * Financial Statement And Related Announcement)
http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20101215:nSNCF11431
Net asset value per share (US$)
Group - 0.26 (30-09-2010) 0 .23 (30-06-2010)
Company - 0 .09 (30-09-2010) 0 .08 (30-06-2010)
teeth53 thot - read somewhere, it was mentioned NTA is at US$ 0.29ct
 Stabilization_trades_8_Dec_10.pdf |
Pursuant to Regulation 3A(13) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2010, we, Morgan Stanley Asia (Singapore) Pte., the Stabilizing Manager in respect of the Offering, hereby announce that we have, either as
principal or through dealers on our behalf, purchased the following number of shares in Amtek Engineering Limited.
Date of Purchases: 8 December 2010
Total number of Units purchased: 1,280,000
Price Range of Purchases: S$0.95 to S$0.99
teeth53 ( Date: 08-Dec-2010 20:16) Posted:
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STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING (THE "OFFERING") OF SHARES ("SHARES") REPRESENTING UNDIVIDED INTERESTS IN AMTEK ENGINEERING LIMITED
Pursuant to Regulation 3A(13) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2010, we, Morgan Stanley Asia (Singapore) Pte., the Stabilizing Manager in respect of the Offering, hereby announce that we have, either as principal or through dealers on our behalf, purchased the following number of shares in Amtek Engineering Limited.
Date of Purchases: 9 December 2010
Total number of Units purchased: 900,000
Price Range of Purchases: S$0.95 to S$0.99
teeth53 ( Date: 09-Dec-2010 17:18) Posted:
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Amtek 8th day, Hi-0.995c, low-0.975c, most changed hands at 0.98c/0.985c. Closed lower at 0.975c.
| Time | Last | Volume | Bid/Ask |
| 17:05:01 | 0.975 | 409,000 | B |
| Amtek | CPF | 0.995 | last done-0.975c | -0.015c | -1.5% | Vol-8,011,000 | 94,000 | 0.975 | 0.980 | 699,000 |
Trade Summary - many retailers is seen changed hands at 0.98c to 0.985c
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.975 | 26 | 1,350,000 | 1,135,000 | 0 | 215,000 |
| 0.980 | 81 | 2,239,000 | 1,601,000 | 0 | 638,000 |
| 0.985 | 79 | 2,771,000 | 1,228,000 | 0 | 1,543,000 |
| 0.990 | 24 | 1,340,000 | 532,000 | 0 | 808,000 |
| 0.995 | 5 | 311,000 | 0 | 0 | 311,000 |
| TOTAL | 215 | 8,011,000 | 4,496,000 | 0 | 3,515,000 |
Amtek 7th day, Hi-0.995c, low-0.950c, most changed hands at 0.975c/0.98c & at 0.985c. Closed at 0.99c
| Amtek | CPF | -- | 0.950 | 0.99c | +0.030c | +3.1% | Vol-28,812,000 | 264,000 | 0.985 | 0.990 | 306,000 |
Trade Summary - Most punters sense it today, many retailers is seen changed hands at 0.975c to 0.985c
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.950 | 17 | 1,990,000 | 1,778,000 | 0 | 212,000 |
| 0.955 | 22 | 726,000 | 260,000 | 0 | 466,000 |
| 0.960 | 8 | 810,000 | 62,000 | 0 | 748,000 |
| 0.965 | 13 | 536,000 | 62,000 | 0 | 474,000 |
| 0.970 | 43 | 1,872,000 | 1,047,000 | 0 | 825,000 |
| 0.975 | 237 | 7,650,000 | 2,900,000 | 0 | 4,750,000 |
| 0.977 | 1 | 166,000 | 0 | 166,000 | 0 |
| 0.978 | 1 | 111,000 | 0 | 111,000 | 0 |
| 0.980 | 98 | 5,790,000 | 1,430,000 | 0 | 4,360,000 |
| 0.983 | 1 | 95,000 | 0 | 95,000 | 0 |
| 0.985 | 117 | 4,626,000 | 2,642,000 | 0 | 1,984,000 |
| 0.986 | 1 | 70,000 | 0 | 70,000 | 0 |
| 0.990 | 58 | 3,770,000 | 809,000 | 0 | 2,961,000 |
| 0.995 | 13 | 600,000 | 0 | 0 | 600,000 |
| TOTAL | 630 | 28,812,000 | 10,990,000 | 442,000 | 17,380,000 |
STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING (THE "OFFERING") OF SHARES ("SHARES") REPRESENTING UNDIVIDED INTERESTS IN AMTEK ENGINEERING LIMITED
Pursuant to Regulation 3A(13) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2010, we, Morgan Stanley Asia (Singapore) Pte., the Stabilizing Manager in respect of the Offering, hereby announce that we have, either as principal or through dealers on our behalf, purchased the following number of shares in
Amtek Engineering Limited.
Date of Purchases: 7 December 2010
Total number of Units purchased: 870,000
Price Range of Purchases: S$0.985 to S$1.00
teeth53 ( Date: 07-Dec-2010 11:00) Posted:
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Note from SGX news - The Board of Directors of Amtek Engineering Ltd (the "Company") wishes to announce that the Company will release its first quarter financial results for the financial period ended 30 September 2010 via SGXNet after trading hours on 15 December 2010.
teeth53 thot - This is the norm that every successful IPO, often apply to boost it unsteady, yet falling value that is highly over price on it offer Initial Public Offer.
It thought that by starting at a dollars as traded value, they can catch players of sort to buy into this idea.
buy cheap, sell high, (Temasick is fighting alone battle, along side Morgan Stanley)
Today after 6th trading day. it closed at 0.96c, it performance seem yet to be seen, not at this point in times
teeth53 ( Date: 01-Dec-2010 23:11) Posted:
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| Amtek | CPF | 0.985 | 0.960c | -0.020c | -2.0% | Vol-13,783,000 | 90,000 | 0.955 | 0.960 | 81,000 |
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.945 | 17 | 971,000 | 971,000 | 0 | 0 |
| 0.949 | 1 | 134,000 | 0 | 134,000 | 0 |
| 0.950 | 64 | 2,319,000 | 1,385,000 | 0 | 934,000 |
| 0.952 | 1 | 30,000 | 0 | 30,000 | 0 |
| 0.955 | 110 | 3,557,000 | 1,774,000 | 0 | 1,783,000 |
| 0.960 | 130 | 3,910,000 | 1,657,000 | 0 | 2,253,000 |
| 0.965 | 41 | 799,000 | 453,000 | 0 | 346,000 |
| 0.970 | 26 | 588,000 | 587,000 | 0 | 1,000 |
| 0.975 | 21 | 459,000 | 418,000 | 0 | 41,000 |
| 0.980 | 21 | 765,000 | 335,000 | 400,000 | 30,000 |
| 0.985 | 10 | 251,000 | 0 | 0 | 251,000 |
| TOTAL | 442 | 13,783,000 | 7,580,000 | 564,000 | 5,639,000 |
Amtek 5th day. Hi-$1.00, low-0.98c, most changed hands at 0.99c, It closed at 0.98c
| Amtek | CPF | 1.000 | Last done-0.980c | -0.015c | -1.5% | Vol-4,169,000 | 434,000 | 0.980 | 0.985 | 45,000 |
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.980 | 1 | 90,000 | 0 | 0 | 90,000 |
| 0.985 | 34 | 1,172,000 | 1,165,000 | 0 | 7,000 |
| 0.990 | 89 | 2,381,000 | 1,208,000 | 0 | 1,173,000 |
| 0.995 | 31 | 476,000 | 267,000 | 0 | 209,000 |
| 1.000 | 1 | 50,000 | 50,000 | 0 | 0 |
| TOTAL | 156 | 4,169,000 | 2,690,000 | 0 | 1,479,000 |
STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING (THE "OFFERING") OF SHARES ("SHARES") REPRESENTING UNDIVIDED INTERESTS IN AMTEK ENGINEERING LIMITED
Pursuant to Regulation 3A(13) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2010, we, Morgan Stanley Asia (Singapore) Pte., the Stabilizing Manager in respect of the Offering, hereby announce that we have, either as principal or through dealers on our behalf, purchased the following number of shares in Amtek Engineering Limited.
Date of Purchases: 6 December 2010
Total number of Units purchased: 1,725,000
Price Range of Purchases: S$0.995 to S$1.02
IPO at $1.30, Now $0.985/$0.99
The Co. laughing all the way to the bank lol.
"I managed to get investors to subscribe to my
IPO px. at $1.30, hahaha"
| Amtek | CPF | 1.010 | 0.995c | -0.015c | -1.5% | Vol-4,540,000 | 770,000 | 0.990 | 0.995 | 227,000 |
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.990 | 1 | 100,000 | 100,000 | 0 | 0 |
| 0.995 | 41 | 1,744,000 | 1,299,000 | 0 | 445,000 |
| 1.000 | 44 | 1,654,000 | 720,000 | 0 | 934,000 |
| 1.007 | 1 | 33,000 | 0 | 33,000 | 0 |
| 1.010 | 17 | 849,000 | 527,000 | 0 | 322,000 |
| 1.020 | 3 | 160,000 | 0 | 0 | 160,000 |
| TOTAL | 107 | 4,540,000 | 2,646,000 | 33,000 | 1,861,000 |
Still on a high side, goes up a little, then end of the day, stock goes for more profit taking.
Posted: Thu Dec 02, 2010 8:15 pm. After T+5 and after 30days - forgotten stock counter.
teeth53 - Another round coming, diving lower, expecting to go lower after this initial support ammo run out.
smilingchuan ( Date: 06-Dec-2010 14:02) Posted:
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any advise on this share? do not seem to have much movement.. no one buying nor really selling....
is it over valued? can i wait for it to drop further?
| M1P | Amtek | CPF | 1.010 | Last Done-1.000 | -0.010 | -1.0 | Vol-1,145,000 | 323,000 | 1.000 | 1.010 | 973,000 |
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 1.000 | 15 | 143,000 | 143,000 | 0 | 0 |
| 1.010 | 15 | 842,000 | 527,000 | 0 | 315,000 |
| 1.020 | 3 | 160,000 | 0 | 0 | 160,000 |
| TOTAL | 33 | Vol-1,145,000 | 670,000 | 0 | 475,000 |
No more safety net lol.
Movement of share px. depend on demand and supply.
teeth53 ( Date: 06-Dec-2010 11:50) Posted:
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AnthonyTan ( Date: 06-Dec-2010 11:39) Posted:
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| Time | Last | Volume | Bid/Ask |
| 11:45:07 | 1.000 | 20,000 | B |
| 11:42:39 | 1.000 | 1,000 | B |
| M1P | Amtek | CPF | -- | 1.010 | 1.000c | -0.010c | -1.0% | Vol-1,018,000 |
Do Stabilizing Manager has a expiry date whereby
discharging their duties and don't have to stabilize
the share px. in the mkt. Anybody can share, thank you.