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Nera Telecommunications - The hidden Gem
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SmallSmall
Supreme |
15-Nov-2024 11:52
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This one going to the moon after the Taiwanaese came onboard. Takeover at $0.075 now $0.108...wow | ||
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MrBear12
Supreme |
02-Nov-2024 07:10
Yells: "A bear will always be a bear" |
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x 0 Alert Admin |
Some people desperate to get out of this company. | ||
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chinhm88
Member |
01-Nov-2024 21:49
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I cannot understand what`s wrong with the 10%+ shareholder who sold their shares at 7.5cents to Ennoconn, when u can easilly sell it higher at open market. And its now 8.5 cents, and Ennoconn easily made 13%+ paper gain for nothing. Really strange. |
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Joelton
Supreme |
24-Oct-2024 11:34
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Ennoconn Corp garners 63.77% of NeraTel shares at offer close
This comes after Ennoconn had in September agreed to buy 53.38% of the mainboard-listed company
A MANDATORY unconditional cash offer by Taiwan-listed Ennoconn Corporation for Nera Telecommuniations (NeraTel) : N01 0% closed with valid acceptances for only 10.39 per cent of NeraTel&rsquo s listed shares on Wednesday (Oct 23).
As at the close of the offer at 5.30 pm, Ennoconn and its concert parties now own, control or have agreed to acquire 63.77 per cent of the communications and network solutions provider&rsquo s shares.
In September, the Taiwan-listed company had made an offer for all the shares in NeraTel it does not own at S$0.075 apiece. This comes after Ennoconn entered into a share purchase agreement with Asia Systems for the purchase of close to 193.2 million shares, or 53.38 per cent of the total number of shares in NeraTel.
Ennoconn, an electronics solution provider, wanted to acquire the mainboard-listed company to leverage the synergies between the two organisations, as well as optimise order acquisition and financial performance. The offeror said it intended to maintain the listing status of NeraTel.
In October, the Securities Investors Association (Singapore), or Sias, advised shareholders to reject the offer, which it deemed &ldquo not fair and not reasonable&rdquo .
Ennoconn&rsquo s offer price was a 6.3 per cent discount to the last transacted price per share on Sep 4, which was the last full day of trading before the announcement.
It was also a 5.1 per cent discount to the volume-weighted average price (VWAP) of the shares traded in the month prior to the offer, and a 3.8 per cent discount to the VWAP of the shares traded in the three-month period prior to the offer.
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Joelton
Supreme |
10-Oct-2024 08:08
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Sias calls for NeraTel shareholders to reject privatisation offer
This was also recommended by independent financial advisor SAC Capital and NeraTel&rsquo s independent directors
TAIWAN-LISTED Ennoconn Corp&rsquo s bid to acquire Nera Telecommunications (NeraTel) at S$0.075 a share is being met with opposition, with the Securities Investors Association (Singapore), or Sias, advising shareholders to reject the offer.
In a statement on Wednesday (Oct 9) evening, Sias&rsquo founder and chief executive David Gerald pointed out that this sentiment was shared by both the appointed independent financial adviser (IFA) SAC Capital &ndash which believed that the price was &ldquo not fair and not reasonable&rdquo &ndash and NeraTel&rsquo s independent directors (IDs).
The word &ldquo mandatory&rdquo in the offer description does not mean that all shareholders are legally obliged to accept the offer, he added. &ldquo Everyone is perfectly entitled to hang on to their shares if they so wish, this being all the more so given the advice of the IFA.&rdquo
Furthermore, Ennoconn had emphasised in its offer that it will not revise its price, it does not expect to exercise any rights of compulsory acquisition, and that it intends to retain NeraTel&rsquo s listing status.
&ldquo SIAS&rsquo recommendation is therefore the same as the IFA and the IDs &ndash shareholders should reject the offer,&rdquo said Gerald.
Earlier in September, NeraTel had received an offer from Ennoconn for all the shares in the company it does not own at S$0.075 apiece.
Emergency, business hotlines restored after hours-long Singtel landline outage
This came after Ennoconn entered a share purchase agreement with Asia Systems for the purchase of close to 193.2 million shares in the issued and paid-up ordinary share capital of NeraTel for S$0.075 per share. That represents nearly 53.4 per cent of the total number of shares in NeraTel.
As Ennoconn acquired over 50 per cent of NeraTel&rsquo s shares, a mandatory unconditional cash offer for the remaining shares it does not own was triggered.
The S$0.075 offer price was a 5.1 per cent discount to the volume-weighted average price (VWAP) of the shares traded in the month prior to the offer, and a 3.8 per cent discount to the VWAP of the shares traded in the three-month period prior to the offer.
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Alignment
Master |
08-Sep-2024 21:19
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That is obviously a good question. My fear would be that an alternative explanation to the one you suggest is that a buyer of a controlling stake (but not the entirety) in a business does so in order to extract value from the business for themselves at the expense of all remaining shareholders. I am not suggesting that this is the case here, merely that in the abstract under such circumstances it could happen. In fact I have seen it happen before in a few companies I have had shares in. They have been my biggest losers. In retrospect, for those companies I should have sold out straight away once such a deal was announced - I would have lost less money. |
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chinhm88
Member |
06-Sep-2024 14:59
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I see the point. However can also say that on the side of the equation, why would the buyer took in a majority stake, 53%, if the ship is sinking, unless they knew the potential or they knew how to turn it around. Only time will tell. | ||
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Alignment
Master |
05-Sep-2024 21:46
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The buyer has to make the offer because it is buying a controlling stake from Asia Systems, the size of which necessitates the buyer extending the offer to all other shareholders at the same price.The buyer does not want to extend the offer to all other shareholders, nor does it want to buy the shares from other shareholders. It is forced to do so, so there is no reason why the buyer should make the offer especially attractive. Take it or leave it is its view. A consequential question is to ask why Asia Systems is willing to let its controlling stake go at that price. The obvious implication is that the market price overvalues the company, given Asia Systems should know best. |
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chinhm88
Member |
05-Sep-2024 21:15
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Where got people mandatory offer take over price lower than last done price one, like that where got shareholder want to sell??? |
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iinvestor
Veteran |
04-Sep-2024 22:37
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Yucks....below last traded price. Really look down on SG stocks... https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/neratel-receives-mandatory-offer-ennoconn-corp-s0-075-share |
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Joelton
Supreme |
23-Jan-2024 16:33
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Nera Telecommunications secures contract worth $10 mil
Nera Telecommunications N01 -12.5% has secured a contract with a leading service provider based in Southeast Asia worth approximately $10 million.
The project, which is expected to commence in January, will see Nera implement infrastructure for the service provider&rsquo s digital economy operations. This will include setting up facilities in over 30 sites, installing necessary equipment and other peripherals, carrying out network integration works, testing and commissioning, as well as hiring and deploying skilled staff to help uplift rural communities via digital commerce training to accelerate economic growth.
The contract also includes a five-year managed services component, which covers the day-to-day management, operation and maintenance of the aforementioned equipment, 24/7 support and network performance monitoring.
The contract is not expected to have a significant financial impact on the performance of the company for the FY2024 ending Dec 31.
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tofudidi
Supreme |
24-May-2023 08:57
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NeraTel Posts Revenue of $40.3 Million for 1Q2023 Net Cashflow from Operations Up Significantly 1Q2023 revenue increased 44.2% to $40.3 million from $27.9 million a year ago, lifted by higher contributions from GTU and SP business segments 1Q2023 order intake rose by 19.4% from $22.2 million to $26.5 million as compared to preceding year quarter contributed from SP and ENT business segments Net cashflow from operations up significantly to $10.3 million from $8.3 million a year ago New cybersecurity regulations implemented in ASEAN countries present strong opportunities for NeraTel to offer cybersecurity solutions another small float counter play? |
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desmondxyz
Veteran |
26-Apr-2023 14:32
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Latest update:
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desmondxyz
Veteran |
03-Feb-2023 10:08
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A few Updates: tax assessment dispute from past years: ------------------------------------------------------ 2018: 4 mils (205k settlement) 2019: 7.81 mils (Pending) 2021: 3.62 mils (1.77 mils settlement) And few lawsuits for outstanding payment owed to Neratel: ------------------------------------------------------------------------ 0.33 mils against Suntel Engineering (M) Sdn Bhd 1.04 mils against I-Setia Sdn Bhd 0.38 mils against GB Marketing & Management Sdn Bhd 6.14 mils against PT Wiman Sinergi Teknologi COMPLETION OF THE PROPOSED DISPOSAL OF THE PROPERTY AT 109 DEFU LANE 10 SINGAPORE 539225 Net Gain of 6.156 mils |
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iinvestor
Veteran |
13-Jan-2023 10:34
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Win contract is one thing....look at Yongnam millions still down the drain Can make money anot?? | ||
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desmondxyz
Veteran |
12-Jan-2023 15:24
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Why this company keep having tax assessment notice from past years ??? 4 mils for 2018 7.81 mil for 2019 1.77 mils for 2021 (settled) And few lawsuits for outstanding payment: 0.33 mils against Suntel Engineering (M) Sdn Bhd 1.04 mils against I-Setia Sdn Bhd 0.38 mils against GB Marketing & Management Sdn Bhd 6.14 mils against PT Wiman Sinergi Teknologi |
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chinhm88
Member |
16-Dec-2022 15:23
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Just announced a new order contract of 19m again, yet no volume at all
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spursfan
Elite |
06-Sep-2022 17:53
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NERA TELECOMMUNICATIONS LTD AWARDED CONTRACTS WORTH APPROXIMATELY SGD17 MILLION The Board of Directors of Nera Telecommunications Ltd (&ldquo the Company&rdquo ) is pleased to announce that the Company has recently secured contracts worth a combined value of approximately SGD17 million (the &ldquo Contracts&rdquo ). Inked with three major service providers in Southeast Asia, the Contracts cover a 12-month period from January to December 2022, in which the Company is responsible for the provision of tech refresh services comprising delivery of IT equipment and peripherals such as computer hardware, software, servers and ancillary equipment, as well as a Managed Services component, which involves the day-to-day management, operation and maintenance of said equipment. The Company will also provide 24x7 support services and network performance monitoring via its Network Operations Center (NOC), to ensure the customers&rsquo Service Level Agreements (SLAs) are met. The Contracts are expected to have a significant positive impact on the performance of the Company for the current financial year. BY ORDER OF THE BOARD Chan Wan Mei and Chan Lai Yin Joint Company Secretaries 6 September 2022 https://links.sgx.com/1.0.0/corporate-announcements/9GJOG6B8O3L348X8/730941_NeraTel_Contracts_Received_17mil.pdf |
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chinhm88
Member |
26-Aug-2022 12:34
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Turning around with number of new orders. Under rated with huge potential. |
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PhillipTan
Supreme |
08-Feb-2022 22:24
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Old CEO stepped down due to personal reasons/other opportunities That' s why need to employ new CEO to fill up the vacant position Nothing alarming here, people come and go But if the old one is asked to step down or fired, then maybe that is something...?
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