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any TA experts ou t there? can haf a look at the charts for this one please? i am told buy signals are out?
anyone in this recently?
Armstrong Industrial Corporation Limited announced the issue and allotment of 275,000 shares in the capital of the Company arising from the exercise of options to subscribe for 275,000 shares at the exercise price of S$0.38 each fully paid pursuant to the Share Option Scheme.
/sgx
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finally gg to pay out the 2cents dividends!!
| Notice Type |
Notice of Book Closure Date for Dividend |
| Corporate Action Details (e.g. Rights ratio, dividend ratio, tax rate, etc) |
A final one-tier tax-exempt dividend of S$0.02 per ordinary share for the year ended 31 December 2010. |
| Record Date |
18/05/2011 |
| Record Time |
17:00 |
| Date Paid/Payable (if applicable) |
31/05/2011 |
| FRIDAY, 25 FEBRUARY 2011 17:48 |
Armstrong Industrial Corporation, the specialist in Noise, Vibration & Heat management for the automotive and electronics industries, says net profit for the three months ended 31 December 2010 (4QFY2010) fell 0.4% to $6.18 million from $6.21 million in 4QFY2009.
Revenue increased 11.7% y-o-y to $56.2 million from $50.4 million. For the full year FY2010, the group delivered its best set of financial results to its shareholders with revenue increasing 29.8% y-o-y to $225.4 million and net profit rising 77.1% to $24.9 million.
With the Chinese government pulling back their tax incentives for automobiles, the automotive market is expected to cool from the 32.3% y-o-y growth in 2010, says Armstrong.
The Board of Directors is recommending a final dividend of two Singapore cents.
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another set of fanastic results - 4cents dividends...
Armstrong hits record sales of S$225.4m and net profit of S$24.9m
with automotive business driving ahead as growth star
Sterling growth in the Group’s Automotive plants in China and Thailand
contribute to a revenue increase of 29.8% YOY to S$225.4 million
Gross margin improve from 25.4% in FY2009 to 27.5% in FY2010 due to
faster growth in the higher value added products in addition to better
cost management and improved economies of scale
Board of Directors recommend final dividend of two Singapore cents to
supplement interim dividend of two Singapore cents, a yield of 10.4%
based on closing share price on 24 Feb 2011 of S$0.385
Looking closely at the chart you show, it is telling that the breakout in 2010 occurred in late February when it announced earnings. Could it be that we get the same pattern in 2011?
On the fundamental side, assuming that their Q3 statement below is correct, then we ought to get about 1c of earnings in Q4 (0.91c in Q3) giving a total for the year of 4.74c. The current share price is 43c, thus Arms trades on 9x earnings. Last year their dividend was generous, but these tech companies have a good track record of high payouts.
If Arms comes out with good earnings in Q4, and at least 3c of dividend, plus a positive statement, which is highly likely given their growing automotive business, then we ought to see the same pattern as you show in 2010.
Growth in the Consumer Electronics and Automotive businesses is expected to continue at a modest pace year on year whilst Data Storage business is likely to improve in 4Q2010.
Barring any unforeseen circumstances, including foreign exchange fluctuations, the Group is optimistic that its performance for 4Q2010 will be better than 3Q2010.
| Armstrong Industrial Corp. to set up two new manufacturing plants in China |
| WRITTEN BY THE EDGE |
| WEDNESDAY, 22 DECEMBER 2010 18:27 |
Armstrong Industrial Corporation, one of the leading foam and rubber component manufacturers specialising in noise, vibration and heat management for the car and electronics industries, says it plans to set up two new manufacturing plants in China over the next three years.
Armstrong has also raised the capital from $4.9 million to $6.5 million in its 80% owned Armstrong-Odenwald (Asia), a joint venture with German partner Odenwald-Chemie Gmbh. This year, the company increased its existing plant size in Changchun, Guangzhou and Wuhan raising its overall plant capacity in China by 45.2%, from 210,809 sq ft in 2009 to 306,039 sq ft.
This enabled the group to match the aggressive business expansion plans of major automotive customers, such FAW-Volkswagen and Guangzhou Honda, says Armstrong.
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/theedge/i come i read i post FYI/
For penny stock (like those of Informatics, vallianze etc ), a sudden surge up or down is usually 'OWN' insiders movements or someone related to stir up the price. Its not a blue chip or index stock. But, this company is a profit making and transparent unlike those mentioned above.
Bluevaio ( Date: 09-Dec-2010 20:55) Posted:
| Today moved up a lot leh, why no one talk about it? No body from this forum has it?
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Today moved up a lot leh, why no one talk about it? No body from this forum has it?
Buy up with huge vol.
actiion time?
It reach 0.46, can still go in
bishan22 ( Date: 03-Sep-2010 11:07) Posted:
It has hit the resistance of 0.46-0.47 for the last few days. So dont expect to cheong any more.  |
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It has hit the resistance of 0.46-0.47 for the last few days. So dont expect to cheong any more.
what happened to this counter...sti has been moving up for the past few days but this counter keeps dropping...furthermore its giving a 2 cents dividend...
any idea??
Thanks.
Resistance is at 0.47. Looking at the high volume, hopefully it will break and cheong!!! Plus hope the M&A will come true.
Hi guys, any latest developments.
its real strong.
| Armstrong Industrial +5.9%; Renewed M&A chatter |
| Written by The Edge |
Tuesday, 17 August 2010 15:59
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Armstrong Industrial (A14.SG) +5.9% at 5-week high of $0.45 in active trade, says Dow Jones.
Traders attribute interest to renewed speculation over major shareholder, chairman Gilbert Ong’s 38% stake in company. Maker of consumer electronic components, rubber vehicle parts disclosed in June Ong has been approached by third party expressing interest to buy stake in company.
No update given since then.
Current strong interest follows release of 2Q10 results last week, with net profit more than doubled on-year to $7.1 million on higher sales, margins. Armstrong also proposed $0.02/share interim dividend (none year earlier). “(A) 4.4% yield and possible further dividend surprise for 2H10 could make the wait for any possible M&A worthwhile,” says CIMB, which has Outperform call with $0.55 target. 52-week high of $0.47 tipped as resistance.
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