Trek 2000 Intl    Last:0.29   -

Trek 2000--- the next multi bagger 2014/2015

Not sure returning cash to shareholders is a good option as this option is the same as one not buying or existing shareholders selling to market.
Trek is touching IOT and in targeted connectivity / portable data storage areas. My personal view - it is better for them to use the cash to go bring some new US " start-ups" to Asia to open up new revenue streams.

FrancisLim      ( Date: 05-Jul-2021 13:42) Posted: Other alternative is to return cash to shareholders. There are no substantial revenues - other than interest incomes.    ISDN has been able to ride the IOT wave.. Trek just hyping...nothing to prove on its IOT for the last few years unlike ISDN Interest and securities income - good to cover the managment and directors' expenses..   stanip      ( Date: 03-Jul-2021 16:04) Posted: Agree on management should look for better ways to deplore their cash to grow the company.  At this point, they use reasonable amount of cash to do share buy-back to support share price to meet the minimum market cap of $40m. This in my view make Trek a safe buy as price support is there with limited downside. They added Neo Ban Chuan (35 years business restructuring experience, who previously servied Tung Sing board) to their board. (Tung Sing / GulTech IPO). Would be interesting to watch what Trek plans to do in next 1-2 years as hey do have a sizable idle cash balance sitting on their balance sheet. From their recents major wins in Malaysia and also in Japan, am also waiting for their end Jun quarterly results to see if they can sustain their positive P& L momentum.

 

Other alternative is to return cash to shareholders.

There are no substantial revenues - other than interest incomes.   

ISDN has been able to ride the IOT wave.. Trek just hyping...nothing to prove on its IOT for the last few years unlike ISDN

Interest and securities income - good to cover the managment and directors' expenses..

 

stanip      ( Date: 03-Jul-2021 16:04) Posted: Agree on management should look for better ways to deplore their cash to grow the company.  At this point, they use reasonable amount of cash to do share buy-back to support share price to meet the minimum market cap of $40m. This in my view make Trek a safe buy as price support is there with limited downside. They added Neo Ban Chuan (35 years business restructuring experience, who previously servied Tung Sing board) to their board. (Tung Sing / GulTech IPO). Would be interesting to watch what Trek plans to do in next 1-2 years as hey do have a sizable idle cash balance sitting on their balance sheet. From their recents major wins in Malaysia and also in Japan, am also waiting for their end Jun quarterly results to see if they can sustain their positive P& L momentum.

 

When this runs, it will be fast.
One of the last laggards in SGX.

Very strong shareholders.
And they all invested at very higher price before the company saga.

With the recent SGX reprimand, and those involved out of the company for a few years liao,
this profitable counter on watch now.
Recent new contracts a good start.
 

 

Agree on management should look for better ways to deplore their cash to grow the company. 

At this point, they use reasonable amount of cash to do share buy-back to support share price to meet the minimum market cap of $40m. This in my view make Trek a safe buy as price support is there with limited downside.

They added Neo Ban Chuan (35 years business restructuring experience, who previously servied Tung Sing board) to their board. (Tung Sing / GulTech IPO). Would be interesting to watch what Trek plans to do in next 1-2 years as hey do have a sizable idle cash balance sitting on their balance sheet.

From their recents major wins in Malaysia and also in Japan, am also waiting for their end Jun quarterly results to see if they can sustain their positive P& L momentum.


 

 

Totally agree but the stigma is the company' s poor corporate governance. Recalled seeing an article where the founder' s son talks about cleaning up the company. Will need to see more being done. 

When net cash of a listco > its market cap - one can' t help but ask the management what are they doing to shareholders' equity because that is not efficient capital allocation. By investing its excess cash into quoted investments and financial instruments demonstrates that the company can' t invest in its own business to derive a higher yield. On radar but they need to better utilise that warchest into growing the core business.

stanip      ( Date: 02-Jul-2021 12:56) Posted: Haha... can' t find a cheaper stock... Free. You pay 0.119 and get cash of 0.124. Hidden gem waiting to be uncovered. P& L is positive for recent quarter.

 

Haha... can' t find a cheaper stock... Free.
You pay 0.119 and get cash of 0.124.
Hidden gem waiting to be uncovered.

P& L is positive for recent quarter.


 

 

One of the last laggards in SGX.

Cash / Quoted Investment per share higher than share price.
Profitable company.
No debt.

On watch like my Golden Energy.

superstartup      ( Date: 02-Jul-2021 08:52) Posted: Did a check. Cash on hand + quoted securities = USD 39m Current market cap around SGD 38m Company profitable. => Company biz, which is profitable is FOC => Cash per share is more than Share Price ( Just sharing only )

 

Did a check.

Cash on hand + quoted securities = USD 39m
Current market cap around SGD 38m

Company profitable.

=> Company biz, which is profitable is FOC
=> Cash per share is more than Share Price


( Just sharing only )
 

 

going back below 10 cts

 

This is good as this brings a final closure of the saga for Treak2000.

 

 

whats the point of this reprimand? nothing to do?

 

This SGX Regco also funny.
Took actions after so many donkey years.
And all these people already no longer with the company for a long while.

They must work faster la.

PhillipTan      ( Date: 30-Jun-2021 20:05) Posted: SGX RegCo reprimands Trek 2000' s former executives for breaches of listing rules The Singapore Exchange Regulation (SGX RegCo) has reprimanded the former chief executive officer (CEO) and former executive director of Trek 2000 International for breaches of the listing rules. Singapore-listed companies are advised to consult SGX RegCo before appointing former executive chairman and CEO Henn Tan and former executive director Poo Teng Pin as directors or executive officers. The decision was made following an inquiry and review of the company' s past transactions, conducted by RSM Corporate Advisory. The review concluded that agreements entered into by Trek 2000 with T-Data Systems (S) and S-Com Solutions (Hong Kong) were interested person transactions (IPTs). Trek 2000 did not make the requisite disclosures on these IPTs nor seek independent shareholders' prior approval for them. SGX RegCo noted that Mr Tan and Mr Poo pleaded guilty to negligently failing to make immediate announcements on IPTs. RSM also noted that Trek 2000' s management had not put in place guidelines, controls and review procedures for identifying interested persons and IPTs, as well as for valuing, approving and reporting IPTs. SGX RegCo said that it is of the view that Mr Tan and Mr Poo had " failed to act in the interest of shareholders as a whole by failing to safeguard the interest of the company and shareholders" . Trek 2000 shares closed flat at S$0.132 on Wednesday.

 

SGX RegCo reprimands Trek 2000' s former executives for breaches of listing rules

The Singapore Exchange Regulation (SGX RegCo) has reprimanded the former chief executive officer (CEO) and former executive director of Trek 2000 International for breaches of the listing rules.

Singapore-listed companies are advised to consult SGX RegCo before appointing former executive chairman and CEO Henn Tan and former executive director Poo Teng Pin as directors or executive officers.

The decision was made following an inquiry and review of the company' s past transactions, conducted by RSM Corporate Advisory. The review concluded that agreements entered into by Trek 2000 with T-Data Systems (S) and S-Com Solutions (Hong Kong) were interested person transactions (IPTs).

Trek 2000 did not make the requisite disclosures on these IPTs nor seek independent shareholders' prior approval for them. SGX RegCo noted that Mr Tan and Mr Poo pleaded guilty to negligently failing to make immediate announcements on IPTs.

RSM also noted that Trek 2000' s management had not put in place guidelines, controls and review procedures for identifying interested persons and IPTs, as well as for valuing, approving and reporting IPTs.

SGX RegCo said that it is of the view that Mr Tan and Mr Poo had " failed to act in the interest of shareholders as a whole by failing to safeguard the interest of the company and shareholders" .

Trek 2000 shares closed flat at S$0.132 on Wednesday.

 

 

This counter is starting to get some attention.
They stand a good chance to move out of the watch list in a few months...

stanip      ( Date: 16-Mar-2021 08:34) Posted: Trek 2000 International clinches US$10m order to supply IOT-enabled storage solutions   MON, MAR 15, 2021 - 7:11 PM  BusinessTimes   TAY PECK GEK[email protected]@PeckGekBT TREK 2000 International has obtained a US$10 million deal to supply Internet of Things-enabled digital storage solutions to a Shenzhen-based company for one year. Under the contract, Trek will deliver a full range of IOT memory modules for integration with Secure Digital, Mass Storage Device, Universal Serial Bus and Solid State Drives interfaces to Starsway Memory, said the Singapore mainboard-listed in a regulatory statement on Monday. Starsway is a manufacturer of storage device solutions operating in Shenzhen. stanip      ( Date: 11-Mar-2021 23:46) Posted: They are in the IOT market as Aztech. Aztech projected growth is also relevant to Trek. Their Q4 result was turning positive though full year still a loss. Price supported by stock purchase plan and very cash rich.

 

stanip      ( Date: 11-Mar-2021 23:46) Posted: They are in the IOT market as Aztech. Aztech projected growth is also relevant to Trek. Their Q4 result was turning positive though full year still a loss. Price supported by stock purchase plan and very cash rich.   shk363      ( Date: 10-Mar-2021 18:32) Posted: their investment amount in quoted securities is hug

 

They are in the IOT market as Aztech. Aztech projected growth is also relevant to Trek.
Their Q4 result was turning positive though full year still a loss. Price supported by stock purchase plan and very cash rich.
 

shk363      ( Date: 10-Mar-2021 18:32) Posted: their investment amount in quoted securities is huge stanip      ( Date: 29-Aug-2020 10:48) Posted: Trek has a big $17m quoted investment on their balance sheet. Anyone knows what this quoted investment is? It can' t be Trek itself as it would have been treated as treasury shares.

 

their investment amount in quoted securities is huge

stanip      ( Date: 29-Aug-2020 10:48) Posted: Trek has a big $17m quoted investment on their balance sheet. Anyone knows what this quoted investment is? It can' t be Trek itself as it would have been treated as treasury shares.

 

Trek has a big $17m quoted investment on their balance sheet. Anyone knows what this quoted investment is? It can' t be Trek itself as it would have been treated as treasury shares.

 

Anyone any view on risk of delisting for Trek? 1 more year to go?

fireinvestor      ( Date: 05-Dec-2018 10:58) Posted: TREK 2000 INTERNATIONAL LTD Company No. 199905744N (Incorporated in the Republic of Singapore)     NOTIFICATION OF INCLUSION ON THE WATCH-LIST DUE TO THE MINIMUM TRADING PRICE (&ldquo MTP&rdquo ) ENTRY CRITERION WITH EFFECT FROM 5 DECEMBER 2018     The Board of Directors (the &ldquo Board&rdquo ) of Trek 2000 International Ltd would like to inform shareholders of the Company that the Singapore Exchange Securities Trading Limited (the &ldquo Exchange&rdquo ) has notified the Company on 4 December 2018 that it would be placed on the Watch-list due to the Minimum Trading Price (&ldquo MTP&rdquo ) Entry Criterion with effect from 5 December 2018.   The Company will have to meet the requirements of Rule 1314(2) of the Listing Manual within 36 months from 5 December 2018, failing which the Exchange would delist the Company or suspend trading in the Company&rsquo s shares with a view to delisting the Company. In this regard, Listing Rule 1314(2) states that the issuer will be assessed by the Exchange for removal from the Watch-list if it records volumeweighted average price of at least S$0.20 and an average daily market capitalisation of S$40 milion or more over the last 6 months.    Following the Company&rsquo s inclusion in the Watch-list, the Company is required to provide a quarterly update on its efforts and the progress made in meeting the exit criteria of the Watch-list.   Shareholders and investors are advised to exercise caution when dealing in the shares of the Company. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor, accountant or other professional advisers.       By Order of the Board       Khor Peng Soon  Non-Executive Chairman