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This news is dated: " Singapore, 23 November 2015" , Monday
On Monday share price passed 5 cents on the " good news" for awhile, in the end fall back to 4.8 cents at the close. Clearly a case of BBs using so called " good news" to pump and then dump. I think some retail investors went in at 5.2 cents yesterday on the so called " good news" .
If u want to see whether this news is infact a solid concrete good news, just look at the share price later lo..
Cheers
treetops ( Date: 24-Nov-2015 08:21) Posted:
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Singapore, 23 November 2015 &ndash Addvalue Innovation Pte Ltd (" Addvalue" ), a wholly-owned subsidiary of Singapore&rsquo s Main Board listed company, Addvalue Technologies Ltd, has entered into a Memorandum of Agreement (" MOA" ) on 11 November 2015 with ViaSat Inc. (" ViaSat" ), a NASDAQ listed company (NASDAQ: VSAT) providing global broadband services and technology, and subsequently signed a Value Added Reseller Agreement on 17 November 2015 to offer new products and applications for use over ViaSat L-band Managed Service Terminals.
ViaSat offers a worldwide, two-way, fixed and mobile Internet Protocol (IP) satellite communications service, known as the ViaSat L-band Managed Service, with current operation in the regions covered by Lightsquared and Thuraya satellites where one terminal can be used for seamless roaming between satellite systems.
Upside coming!
About ViaSat (www.viasat.com)
ViaSat, Inc.. (NASDAQ: VSAT) keeps the world connected As a global broadband services and technology company, ViaSat ensures consumers, businesses, governments and military personnel have communications access - anywhere - whether on the ground or in-flight. The Company' s innovations in designing highest capacity satellites and secure ground infrastructure and terminal technologies
coupled with its international network of managed Wi-Fi hotspots enable ViaSat to deliver a best available network that extends the reach and accessibility of broadband internet service, globally.
About LightSquared SkyTerra-1 satellite
The SkyTerra-1 satellite began commercial service in July 2011. The satellite is among the most powerful commercial satellites ever built and features a 22-meter Lband reflector-based antenna - the largest commercial antenna reflector to be put into service. It provides ubiquitous coverage over North America and will enable increased data speeds to products that are similar to today' s typical mobile devices
in terms of size, capabilities and build costs.
About Thuraya' s Thuraya-2 and Thuraya-3 satellites
The Thuraya mobile communications system serves a region of 2.3 billion people. Boeing Satellite Systems (BSS) built the complete turnkey system under a contract signed on Sept. 11, 1997. This included the manufacture and October 2000 launch of Thuraya-1, a high-power Boeing GEM satellite, plus a second spacecraft, ground facilities and user handsets. The system began commercial operations in mid-2001.
Sea Launch successfully orbited Thuraya-2 on June 10, 2003, and Thuraya-3 on January 15, 2008. The Thuraya coverage area encompasses the Middle East, North and Central Africa, Europe, Central Asia and the Indian subcontinent. Thuraya offers GSM-compatible mobile telephone services, transmitting and receiving calls through each satellite' s 12.25-meter-aperture reflector. The satellites employ state-of-the-art
on-board digital signal processing to create more than 200 spot beams that can be redirected on-orbit, allowing the Thuraya system to adapt to business demands in real time. Calls are routed directly from one handheld unit to another, or to a terrestrial network. The system has the capacity for 13,750 simultaneous voice circuits.
ADDVALUE AND VIASAT INC. INKED MEMORANDUM OF AGREEMENT
TO PURSUE OFFERING OF NEW PRODUCTS AND APPLICATIONS
FOR USE OVER VIASAT L-BAND MANAGED SERVICE TERMINALS
Singapore, 23 November 2015 - Addvalue Innovation Pte Ltd (" Addvalue" ), a wholly-owned subsidiary of Singapore' s Main Board listed company, Addvalue Technologies Ltd, has entered into a Memorandum of Agreement (" MOA" ) on 11 November 2015 with ViaSat Inc. (" ViaSat" ), a NASDAQ listed company (NASDAQ: VSAT) providing global broadband services and technology, and subsequently signed a Value Added Reseller Agreement on 17 November 2015 to offer new products and applications for use over ViaSat L-band Managed Service Terminals.
ViaSat offers a worldwide, two-way, fixed and mobile Internet Protocol (IP) satellite communications service, known as the ViaSat L-band Managed Service, with current operation in the regions covered by Lightsquared and Thuraya satellites where one terminal can be used for seamless roaming between satellite systems.
Mr Tan Khai Pang, Chief Operating & Technology Officer of Addvalue, remarked that " Addvalue needs to diversify its business portfolio through new partnerships to broaden its solution capabilities as well as modes of revenue source. As a proven product developer-cum-producer for L-band mobile satellite communications, we shall harness the technologies of the ViaSat L-band Managed Service to further
enhance our capabilities in the offering of two-way, satellite-based Internet Protocol communications solutions. " Mr Tan further explained that" as this partnership avails us the opportunities for new hardware design and air time services, it will broaden our scope of business models, thereby enabling us to further reap opportunities associated with the burgeoning IoT (Internet of Things) industry as well as the
emerging markets in Asia, fueled by new regional economic collaboration movements including the China-led ' Belt and Road' initiative. "
" ViaSat has plans to expand its portfolio of ViaSat L-band Managed Service terminals, " said Mr. Phil Berry, vice president and general manager, Mobile Satellite Services, ViaSat. " We are confident that our collaboration with Addvalue will broaden the scope of ViaSat L-band Managed Service applications and further expand our business globally, especially in China and South East Asia where Addvalue has a
strong presence and maintains high-levels of engagement in emerging opportunities. "
Yes move move move
5 clear , join the rally 6 agin push push push
Addvalue Tech
Short sell orders executed on :
16 November 2015 Nil
13 November 2015 Nil
I don' t make up " stories" ....all can be tracked
2Q is better than 1Q .... Pls refer to para 8 of the recent SGX Financial Announcement
2nd Half will be better than 1st Half ...... Pls refer to para 10 of the recent SGX Financial Announcement
WanSiTong ( Date: 16-Nov-2015 17:09) Posted:
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2Q is better than 1Q
2H will be better than 1H
明 天 会 更 好 !
Cheers!
If you look at the result in 2Q, the losses of $700k were mainly from amortization of intangible ($503k), which I believe is related to AVC - Since the auditor did not agree for them to hold the assets of AVC and treated them as assets holding for sales. So the performance is actually not that bad despite the big drop in sales due to backorder.
Tanahkow ( Date: 13-Nov-2015 09:23) Posted:
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Bro, looking at the enormous amount of effort you put-in to talk down the stocks under your watchlist each and every time "after" they were pumped up by BBs, I guess you must have shorted very heavily each time and making good profit hor? Share some tips lehh...
HazardKoh ( Date: 14-Nov-2015 20:48) Posted:
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About ADMIN 
x 4 
x 0 
Total amount for inventories Trade receivables, Fixed deposit and Cash & bank balance as at 30.9.15 was : US$ 5.168 million
which was more than double the amount of debt payable within one year ( US$ 2.223 million)
| Aggregate amount of borrowings and debts securities for the Group. | ||
| Amount repayable in one year or less or on demand | ||
| US$' 000 | ||
| Secured (1) | 79 | |
| Unsecured | 2,144 | |
| Toral | 2,223 | |
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| Inventories | 3,645 | |
| Trade receivables | 1,277 | |
| Fixed deposit | 43 | |
| Cash and bank balances | 203 | |
| Total | 5,168 | |
Details of any collateral
(1) These are secured against:
- A floating charge on the inventories and trade receivables of a subsidiary of the Company
- A escrow accounts with a bank of a subsidiary of the Company
- A corporate guarantee from the Company
WanSiTong ( Date: 15-Nov-2015 09:11) Posted:
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Cashflow is the main focus for the ability to payoff loan, if one can generate enough cash, be it thru raising capital, profit generation or finanacial activity such as borrowig, bonds..etc, the company will have no problem in paying off loans.
Addvalue is focusing on raising capital now ( $13 million expected, out of which 50% to fund working capital and the rest for the belt and road project), the advantage is this will reduce the gearing and reduce financial cost. Coupled with higher sales in 2H, I believe they will be in a better position for the rest of the year.
The strategic alliance with a few companies in emerging market, potentail business from the belt & road project and pending sales of AVC is something will add value in longer run.
edwinjup ( Date: 15-Nov-2015 04:32) Posted:
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To answer to your questions ....
Please refer to paragraph 8 & 10 of Addvalue Tech ' s AGX announcement.
Just to highlight few relevant points ...
A.
Notwithstanding the above, comparing its performance in 2Q2016 relative to 1Q2016, the Group markedly improved:
1. its revenue by US $ 0.2 million or 11.8% from US $ 1.7 million in 1Q2016
2. its gross profit by US $ 0.1 million or 17.4% from US $ 0.7 million in 1Q2016
3. its gross profit margin to 42.1% from 40.1% in 1Q2016
4. its EBITDA by US $ 0.7 million from a loss of US $ 0.6 million in 1Q2016 to a profit of US $ 0.1 million in 2Q2016 and
5. its pre-tax loss by US $ 0.6 million from a loss of US $ 1.3 million in 1Q2016.
B.
1. (b) (ii) Aggregate amount of borrowings and debts securities for the Group are secured against:
- A floating charge on the inventories and trade receivables of a subsidiary of the Company
- A escrow accounts with a bank of a subsidiary of the Company
- A corporate guarantee from the Company
C.
As at the date of this announcement, the Company has secured confirmed orders aggregating about US $ 4.0 million.
Barring any unforeseen circumstances, the Group expects its performance in 2H2016 to significantly outperform that of 1H2016.
D.
Please refer to para. 10 ....
10. A commentary at the date of the announcement of the competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months
edwinjup ( Date: 15-Nov-2015 04:32) Posted:
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10. A commentary at the date of the announcement of the competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months
For the past many years, the satellite ecosystem has been characterised by the distinct segregation of one-off hardware terminal sales and the generation of recurring air-time revenue. In this regard, the Group has been rather dependent on the existing traditional distribution channels to sell its hardware terminals to the end users with no recourse to air-time revenue and has had its sales clipped as a consequence. Such distribution models stifle the opening of new market opportunities for all players in the ecosystem, be it a satellite network operator ( like Inmarsat or Thuraya) or a terminal developer / supplier (like the Group), for more flexible and innovative approaches to engage the end user markets, where total solutions must be tailored made in addressing the varied needs and cost expectations.
In recent times, the uncertain economic outlook resulting from the global financial crisis, and a prolonged downturn in the world economy, other than that of the People' s Republic of China albeit its slowdown, have also significantly brought about the Group' s relatively lacklustre performances.
Taking cognisant of the above and with a view to broaden the modes of revenue source and entrench recurring income, the Group has since been and will continue into the foreseeable future to take steps to further enhance its commercial focus on the emerging markets, particularly the People' s Republic of China (the " Emerging Market Focus" ), and to gradually reduce its dependency on terminal sales through the existing traditional distribution channels by having a better understanding of the needs of end users so as to develop and provide bespoke products and solutions, agnostic to any specific satellite infrastructure, which are to be bundled and packaged with negotiated recurring air-time revenue through collaboration with suitable partners that best tailored to the specific needs of the end users concerned (the " Commercial
Refocusing " ). The Emerging Market Focus and Commercial Refocusing are pursuits, shaping and being shaped by the new paradigm in the satellite ecosystem, upheld by many industry players in general.
While the Company has no reason to believe that the buyer to the proposed disposal of the Company' s subsidiary, Addvalue Communications Pte Ltd, as announced by the Company on 25 March 2014 (the " Proposed Disposal" ) is not interested in pursuing the transaction, the Emerging Market Focus and Commercial Refocusing being pursued by the Group are independent of the outcome of the Proposed Disposal.
To this end and to date in executing the abovementioned pursuits to further enhance the business focus of the Group with a view to broaden the modes of revenue source and entrench recurring income, the Company has forged the following alliances:
1. On 25 November 2014, the Company announced that the Group was developing a radiation-resilient satellite-based communication modem to be experimented on the new VELOX-II satellite built by Nanyang Technological University targeted for launch in the fourth quarter of 2015. The aim of this development is to study the technical feasibility of an innovation for inter-satellite data relay that will have tremendous commercial potential in the burgeoning LEO satellite industry
2. On 26 August 2015, the Company announced that the Group has entered into a memorandum of understanding with China International Security Solution Corporation Limited to jointly develop and supply satellite communication-based solutions for the communications needs associated with the ' Belt and Road' initiative (initiative along the way) spearheaded by China and
3. On 13 November 2015, the Company announced that the Group has entered into a collaboration agreement with Zhongyou Century Technology Co Ltd Post-century (Beijing) Communication Technology Co., Ltd. to distribute satellite communication-based products and provide customised solutions for the communication needs in China, including but not limited to the ' Belt and Road' initiative.
As at the date of this announcement, the Company has secured confirmed orders aggregating about US $ 4.0 million, thesignificant bulk of which is attributed to the Delayed Orders (including the Backlog Orders). In addition to the confirmed orders, the Group has, as at the date of this announcement, also built up a significant amount of potential orders and contracts for its land business, including a contract to supply terminals for a major government project and certain satellite-based M2M projects, pending, amongst others, the procurement of the necessary government sanction or finalization of test trials underpinning them. Barring any unforeseen circumstances, the Group expects its performance in 2H2016 to significantly outperform that of 1H2016.
For the next 12 months, barring any unforeseen circumstances, the Group also hopes to boost its performance by cultivating new revenue sources in tandem with its Emerging Market Focus and Commercial Refocusing pursuits, particularly with regard to its strategic association with the escalating build-up in momentum of the ' Belt and Road' initiative, and expects more strategic collaborations to be established.
Profitability
(" 2Q2016" denotes the second financial quarter ended 30 September 2015 in respect of the financial year ended 31 March 2016 )
Our Group registered a gross profit of US $ 0.8 million against a gross profit margin of 42.1% for 2Q2016 relative to a gross profit of US $ 1.8 million against a gross profit margin of 47.0% for 2Q2015. The decrease in gross profit margin for 2Q2016 relative to 2Q2015 was due mainly to a higher proportion of sales in 2Q2016 being attributed to lower yielding products.
In line with lower sales, our selling and distribution expenses decreased by S $ 83,000 or 29.3%, from US $ 283,000 in 2Q2015 to US $ 200,000 in 2Q2016.
Our administrative expenses increased by US $ 46,000 or 7.4%, from US $ 621,000 in 2Q2015 to US $ 667,000 in 2Q2016, attributed mainly to higher manpower costs and rental due to the expansion in our Beijing office.
Our other operating expenses decreased by US $ 25,000 or 3.4% from US $ 728,000 in 2Q2015 to US $ 703,000 in 2Q2016, due mainly to a loss on forex exchange (on the revaluation of S $ borrowings against our reporting currency of US $) in 1Q2016 being reversed to a gain and reported under ' Other operating income' in 2Q2016, albeit an increase in amortisation expense of intangible assets as more products were being commercialised.
The increase in finance expenses was attributed mainly to additional borrowings procured in Q12016.
As a result of the above, our Group incurred a net loss of US $ 0.7 million in 2Q2016 compared to a net gain of US $ 78,000 in 2Q2015, resulting in us registering a net loss of US $ 1.9 million in 1H2016 compared to a net loss of US $ 250,000 in 1H2015. However, in terms of EBITDA, the Group achieved a positive US $ 117,000 for Q2016, albeit at 83.8% lower than that of US $ 723,000 attained for 2Q2015.
Notwithstanding the above, comparing its performance in 2Q2016 relative to 1Q2016, the Group markedly improved:
1. its revenue by US $ 0.2 million or 11.8% from US $ 1.7 million in 1Q2016
2. its gross profit by US $ 0.1 million or 17.4% from US $ 0.7 million in 1Q2016
3. its gross profit margin to 42.1% from 40.1% in 1Q2016
4. its EBITDA by US $ 0.7 million from a loss of US $ 0.6 million in 1Q2016 to a profit of US $ 0.1 million in 2Q2016 and
5. its pre-tax loss by US $ 0.6 million from a loss of US $ 1.3 million in 1Q2016.
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1.(b)(ii) Aggregate amount of borrowings and debts securities for the Group. The Group |
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As at |
As at |
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30 Sep 2015 |
31 Mar 2015 |
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US$&rsquo 000 |
US$&rsquo 000 |
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Amount repayable in one year or less or on demand |
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Secured(1) |
79 |
3,674 |
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Unsecured |
2,144 |
35 |
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2,223 |
3,709 |
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Amount repayable after one year |
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Secured(1) |
3,536 |
33 |
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Unsecured |
- |
- |
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3,536 |
33 |
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Details of any collateral
(1) These are secured against:
- A floating charge on the inventories and trade receivables of a subsidiary of the Company
- A escrow accounts with a bank of a subsidiary of the Company
- A corporate guarantee from the Company
SGX Announcement........L i n k
3q result look.lousy....in red...and their loan is a few times higher than their rev... how they going to make enough profit and repay... maybe i should withdraw my buy q ??...or wait and see.....??