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Nordic
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Nordic Group - Multibagger GEM?
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sengkang
Master |
19-Nov-2021 15:28
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Proforma 1H eps of 7.5c (excluding Minority depending on final bidding outcome) is obscenely cheap at today' s price level. | ||
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Newlearner
Veteran |
19-Nov-2021 15:06
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It appeared that management seem to be savvy with leverages, with chairman came from banking background, especially when the investment worth it. I agree with you that the numbers look really interesting, especially the HALF YEAR profit 15m (nordic + staburst).
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bystander1965
Supreme |
19-Nov-2021 14:55
Yells: "What I say is just my assessment. DYODD" |
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Co updated Q3 business during lunch. It was good. However buying Starburst will result in company going from net cash to debt. The proforma end result will be good though. I have not looked at it in details cause need to digest the numbers properly. Interesting numbers from Starburst though. |
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sengkang
Master |
19-Nov-2021 14:45
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Some buying interest today in this company with an interesting Scandinavian name. Someone said in a forum it should be valued closer to 50c. [really?] Still got some way to go. lol |
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Lugi71
Veteran |
12-Nov-2021 08:15
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More of using the engineering expertise and perhaps to sell Nordic' s services into new market segments like the Middle East
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Newlearner
Veteran |
12-Nov-2021 00:53
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I' m thinking what could impact Starburst from the CAD investigations. Even after the 2 key personnels who accepted to sell 69.7% to Nordic.. | ||
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bystander1965
Supreme |
11-Nov-2021 21:00
Yells: "What I say is just my assessment. DYODD" |
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I also wondered at first. But read the announcement properly. They explained the synergy. | ||
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Lugi71
Veteran |
11-Nov-2021 19:27
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Finally we see Nordic making its first attempts to diversify The Chairman really loves to take on steady businesses with recurring revenue.. now let s see if he gets his way with Starburst investors |
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TraderBen
Supreme |
11-Nov-2021 10:16
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diverifiying.. starburst is in a niche industry whereby profit margins are ard 40-50% of the revenue.. and i am wondering why the 2 directors want to sell away at such a lowball offer..
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WBdisciple
Elite |
11-Nov-2021 10:13
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Hmm...Nordic is cash rich and should distribute the cash back to shareholders...wonder why they buy into Starburst when they are doing different industry altogether.. | ||
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Joelton
Supreme |
11-Nov-2021 09:48
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Nordic Group looking to make offer for Starburst Holdings at S$0.238 per share
MAINBOARD-LISTED Nordic Group (NGL) intends to make a voluntary conditional offer for engineering group Starburst Holdings at S$0.238 per share in cash.
In a filing to the Singapore Exchange, it said that its wholly-owned unit Nordic Flow Control plans to make the offer for all the shares in Starburst that it does not own.
The offer will only be made if a pre-condition has been satisfied or waived on or before Feb 10, 2022 - namely that all resolutions necessary to approve and undertake the offer are passed at NGL' s general meeting.
If and when the pre-condition is satisfied or waived, Nordic Flow will announce its firm intention to make the offer if it is not satisfied or waived on or before the long-stop date, the offer will not be made.
At this point, Nordic Flow has received irrevocable undertakings from Starburst' s chairman Edward Lim Chin Wah, as well as its managing and executive director Yap Tin Foo, to accept the offer. Together, the duo hold 173.03 million shares worth 69.7 per cent in Catalist-listed Starburst.
The offer price represents a premium of 5.78 per cent over the last transacted price of the shares on the Singapore Exchange on Nov 9, which is the last trading day before the announcement. It is also a premium of 4.16 per cent, 9.07 per cent, 12.53 per cent and 25.46 per cent over the volume weighted average price (VWAP) per share for the 1-month, 3-month, 6-month and 12-month periods up to and including Nov 9.
NGL said: " The Nordic group believes that the business and operations of the Starburst group are a strategic fit and will provide synergistic benefits."
NGL and its subsidiaries provide solutions in areas such as automation and systems integration maintenance, repair, overhaul and trading as well as precision engineering.
NGL added that it will consider delisting the company from SGX should it garner the necessary acceptances.
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Newlearner
Veteran |
10-Nov-2021 12:36
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Trading Halted! Hopefully some good news PLS! | ||
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Newlearner
Veteran |
02-Sep-2021 00:39
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https://thesmartinvestor.com.sg/3-singapore-stocks-growing-revenue-at-over-25-year-on-year/Nordic Group (SGX: MR7)Nordic is a leading supplier of automation system integration solutions and also performs vessel maintenance, repair and overhaul (MRO) work. The group serves the marine, oil and gas and semiconductor industries, among others. For 1H2021, Nordic& rsquo s revenue surged by 49% year on year to S$49.2 million. Gross profit nearly doubled year on year from S$7.2 million to S$14 million, with gross margin improving by six percentage points to 28%. Net profit jumped by more than four-fold year on year to S$7.8 million. Because of the strong recovery in earnings, Nordic declared an interim dividend of S$0.0078 and a special dividend of S$0.002, totalling S$0.0098. This level of dividends was more than five times the amount paid out last year for the same period last year |
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Newlearner
Veteran |
02-Sep-2021 00:34
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It is getting some attention https://www.investor-one.com/editorial/18332-Nordic-is-riding-on-the-coattails-of-OG-recovery
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Sgvale
Supreme |
13-Aug-2021 09:51
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Oil & Gas is recovering from the worst. Buy & Hold | ||
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yamseng
Supreme |
13-Aug-2021 08:17
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immediate Target at 45 cents DYODD next week got 0.98 cents dividend ... |
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Sgvale
Supreme |
13-Aug-2021 07:51
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So confidence
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Newlearner
Veteran |
12-Aug-2021 23:00
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Boss gave hints already! 2021 outlook remains positive with a J shape recovery $15.6m profit of 2H run rate same as 1H 50% dividend payout 1.96cts! assuming no disruptions. |
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PhillipTan
Supreme |
07-Aug-2021 17:17
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Nordic Group' s earnings surges by 317% in 1H21 proposes dividend of 0.98 centsNordic Group reported earnings of $7.8 million in 1HFY21 ended June, a 317% surge from the $1.9 million posted in the year before.On a fully diluted basis, earnings per share came in at 2.0 cents, up from 0.5 cents in 1HFY20. With this, net asset value per share stood at 24.5 cents on June 30, compared to 22.8 cents on Dec 31. To mark its jump in earnings, Nordic Group has proposed a dividend payout of 0.98 cents per share. Of this 0.78 cents is an interim dividend while 0.2 cents is a special dividend. This represents a payout of approximately 5.2x over 1HFY20 dividend payout of 0.187 cents per share. The group had given out an interim dividend of 0.78 cents a share in 1HFY20. Revenue for the first six months of the year expanded by 49% to $49.2 million thanks to the resumption of business activities to pre-Covid levels. Key contributions came from a 56% rise in the group' s project services (PS) segment to $23.7 million, and a 43% increase in the maintenance services (MS) segment to $25.5 million. Cost of sales correspondingly edged up to $35.2 million, from $25.8 million in the year before. Gross profit came in 94% higher at $14.0 million in 1HFY21. As such gross profit margin increased to 28.4%, compared to 21.9% in 1HFY20. Excluding the government rebates and grants such as the wage credit scheme, jobs support scheme, foreign workers levy rebate and foreign worker levy waiver, the gross profit margins were 26.0% for 1HFY21 and 12.2% for 1HFY20. Other income and gains fell by 48% to $1.0 million mainly due to lower foreign exchange gains following a drop in the USD to SGD exchange rate. In this time, distribution and administrative expenses remained constant at $0.5 million and $6.0 million respectively. Finance costs fell to $0.27 million, from $0.66 million in 1HFY20 due to a decline in interest rates. Other losses in 1HFY21 hit $0.8 million due to allowance for impairment in inventories. For comparison, the other losses in 1HFY20 was $0.35 million due to allowance for impairment of trade receivables. As of June 30, cash and cash equivalents stood at $56.2 million, down from $57.3 million in the year before. Nordic Group clinched $122.1 million contracts in 1HFY21, brining its outstanding order book to $135.3 million. This is expected to generate sustained revenue streams up to FY2023. The PS segment contributes approximately $60.1 million or 44% of the combined order book, while the MS segment contributed some $75.2 million or 56%. Going forward, executive chairman Chang Yeh Hong is " cautiously optimistic over the long-term prospects of the marine, offshore oil and gas, petrochemical, pharmaceutical, infrastructure and semiconductor sectors that the [group has operations] in" . " Backed by our two-pronged strategy of supplementing PS contracts with the recurring income of our MS segment, our robust order book, prudent cost controls and risk management protocols, as well as further opportunities for M& A, we are confident of achieving sustainable growth for the group and delivering long-term value to all of our valued shareholders," he adds. Shares in Nordic Group closed up 2 cents or 6.06% at 35 cents on Aug 6. |
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Newlearner
Veteran |
06-Aug-2021 18:48
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I?m gonna fall in love with The managements 😝 | ||
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