| Latest Forum Topics / Nordic Last:0.415 -- |
 Post Reply
|
|
Nordic Group - Multibagger GEM?
|
|||||
|
superlegend
Member |
31-Aug-2023 13:36
|
||||
|
x 0
x 0 Alert Admin |
5 Singapore Stocks on Sale Now | Near 52 Weeks Lowhttps://www.youtube.com/watch?v=clxYvx1qhDs& t=9s |
||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
28-Aug-2023 09:51
|
||||
|
x 0
x 0 Alert Admin |
Nordic Group wins new contracts worth $40.8 million, to sell property for $3.5 milion
Nordic Group has won new contracts worth $40.8 million, including from repeat customers in the marine, offshore oil and gas, petrochemical, semiconductor, infrastructure and security industries sectors.
In a separate announcement, the company announced the sale of a factory and warehouse at 24 Benoi Place for $3.5 million.
The property, deemed non-core, occupies a land area of 39,000 sq ft and has a remaining lease of 19 years.
The property was held on its books at $2.5 million as at June 30.
Nordic plans to use proceeds to pare down debt.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
sengkang
Veteran |
27-Aug-2023 13:14
|
||||
|
x 0
x 0 Alert Admin |
Good fundamentals but another sleeping joe who rarely wakes up from deep slumber. lol
|
||||
| Useful To Me Not Useful To Me | |||||
|
Everyday
Master |
27-Aug-2023 11:45
|
||||
|
x 0
x 0 Alert Admin |
PROPOSED DISPOSAL OF PROPERTY (3.5M excluding gst)AT 24 BENOI PLACE SINGAPORE 629940
RATIONALE FOR THE DISPOSAL AND USE OF PROCEEDS The Property is not a core asset of the Group. The proceeds arising from the Proposed Disposal would be used to repay current bank borrowings and improve the Group&rsquo s overall cash position and reduce finance costs.
https://links.sgx.com/1.0.0/corporate-announcements/802CV5NK46FYORUB/e9a6b0c98a943e26150ce637caac2c0a4bc2de0d45ed681c6f40580c7055f71d |
||||
| Useful To Me Not Useful To Me | |||||
|
Everyday
Master |
27-Aug-2023 10:42
|
||||
|
x 0
x 0 Alert Admin |
NORDIC SECURED APPROXIMATELY S$40.8 MILLION WORTH OF CONTRACTS https://links.sgx.com/1.0.0/corporate-announcements/6WY9U49ST6K5DVCY/28b18c5f0b0d8682fc6dd5ca0e4a3861f07a087aa5b7f95a80e19b45274d5887 |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
sengkang
Veteran |
29-Jun-2023 17:08
|
||||
|
x 0
x 0 Alert Admin |
Minutes of AGM held on 24 April 2023 -Selective quotes re adoption of Resolution 1:- Chairperson invited questions and comments from shareholders on the Directors&rsquo Statement and the Audited Financial Statements for FY2022. Questions raised and responses from Management and the Board as summarised below: (i) A shareholder thanked Management and the Board for the sterling set of financial results for FY2022. He then requested for more information on the acquisitions and an update on Company performance. Mr Chang Yeh Hong, the Executive Chairman responded that the Company conducts quarterly investors briefing session and invited shareholders who are keen to attend the briefing sessions to provide their contact details to the Company. (ii) The same shareholder commented on the low trading volume of the Company&rsquo s shares and asked management about measures which could be taken to improve on the trading volume. Mr Chang explained that Nordic shares are not trading stock but rather a dividend stock and shareholders tend to hold the shares for the long term for dividend yields. Management has always focused on regular dividend payouts and prioritise the management of the assets and liabilities and cash flow. (iii) The same shareholder noted that the Company has a debt to equity ratio of about 70% and commented that the debt level seemed relatively high. He enquired whether the Company has any plans on new acquisitions and raising fresh capital. Mr Chang responded that the ratio has not taken into account cash. As for new acquisitions, the Company would consider acquisitions where the deal is good. Presently, there is no intention to raise fresh capital as the current debt level is manageable. Looks like the near term activities are more of consolidation of existing business rather than new M& A stuffs.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Newlearner
Veteran |
29-Jun-2023 14:03
|
||||
|
x 0
x 0 Alert Admin |
The order book in the same quarter last year was $258m, presently stood at $205m. The balloned order book mostly came from the acquisition of STARBURST, partly from the pent up demand from covid recovery. It still remain to be seen if they can continue to win new orders from STARBURST, especailly after the alleged corruption saga......
|
||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
28-Jun-2023 09:19
|
||||
|
x 0
x 0 Alert Admin |
Nordic Group reports 1QFY2023 earnings of $5.8 million, up 11% y-o-y
Nordic Group reported earnings of $5.8 million for 1QFY2023, up 11% y-o-y. Revenue in the same period ended March was up 15% to $46.2 million, says the company in a business update on June 27.
For the three months, the company, led by executive chairman Chang Yeh Hong, was able to maintain its net margins at 13%.
As at March 31, the company has built up an order book of $205.2 million. Out of which, orders for maintenance work, which gives better revenue stability, constituted $134.4 million, or around two-thirds of the total. The smaller proportion came from project-based orders, which are typically lumpier in nature.
Over the years, the company has been actively diversifying its customer base, so as to reduce industry-specific risk. It did so via a series of acquisitions.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Newlearner
Veteran |
17-Apr-2023 15:10
|
||||
|
x 0
x 0 Alert Admin |
Nice! Meantime, collect 0.9cts div in May!
|
||||
| Useful To Me Not Useful To Me | |||||
|
Nippon72
Senior |
16-Apr-2023 22:46
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
||||
|
x 0
x 0 Alert Admin |
Thanks focusy. This crystal clear diagram makes me sleep tight at night. Will load up more when my ammo permits. Vested both in cpf & srs.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Newlearner
Veteran |
14-Apr-2023 11:54
|
||||
|
x 0
x 0 Alert Admin |
AGM on 24th April, Singapore Recreation Club | ||||
| Useful To Me Not Useful To Me | |||||
|
focusy
Senior |
10-Apr-2023 13:56
|
||||
|
x 1
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Nippon72
Senior |
09-Apr-2023 11:51
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
||||
|
x 0
x 0 Alert Admin |
The phrase " skin in the game" resonates with me. While commoner like myself does not have the financial might like them, I take comfort & sleep tight knowing our interests are aligned and I can ride on their coattails. Since they are owners and management, they know their co better. Only buy within my own limits (a level I am prepared write-off 100% and not lose sleep over) Will see how they realised all their contracts on hand or any hiccups? Vested.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Newlearner
Veteran |
09-Apr-2023 10:42
|
||||
|
x 0
x 0 Alert Admin |
https://www.nextinsight.net/story-archive-mainmenu-60/946-2023/15150-nordic-q-a-with-investors-after-record-2022-profit Nordic management held a Q& A session with investors last week, excerpts of which are presented below. Bottomline: There are no near-term big risks faced by the company. Instead it stands poised for a good year ahead given its record outstanding orderbook of S$233 million (as at end-2022) which is exposed to diverse industries. Look out for the contribution of superior profit margins from Starburst which was acquired in early 2022. Being an all-cash $59.1 million purchase -- the biggest of Nordic' s 5 M& A deals to date -- the deal didn' t expand the number of Nordic shares on issue. |
||||
| Useful To Me Not Useful To Me | |||||
|
Newlearner
Veteran |
07-Apr-2023 21:09
|
||||
|
x 0
x 0 Alert Admin |
It is exactly they have skins in the game, hence they put company?s growth as priority..
it?s pretty prudent how the management manages the acquisitions. Market probably skeptical how a small company like Nordic grp can grow this way..
|
||||
| Useful To Me Not Useful To Me | |||||
|
Nippon72
Senior |
07-Apr-2023 20:14
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
||||
|
x 0
x 0 Alert Admin |
I bought becos of high insider/mgt ownership -> shareholders' interest aligned, or maybe privatisation sometime down the road. | ||||
| Useful To Me Not Useful To Me | |||||
|
sengkang
Veteran |
07-Apr-2023 16:34
|
||||
|
x 0
x 0 Alert Admin |
Insiders owns 76.22% per latest AR2022. Public owns remainder 23.78% Top 3 SSH are Chang Yeh Hong - 54.58%, Lin Choon Hin - 11.02% and Teo Ling Ling - 8.11%. Stock are illiquid and not for momentum or day traders.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Everyday
Master |
07-Apr-2023 13:23
|
||||
|
x 0
x 0 Alert Admin |
Financial Highlights for FY2022 Revenue $162.8 &uarr 58% Net profit $20.9m &uarr 50% EBITDA $31.6m &uarr 66% Order book $232.5m as at 31 Dec 2022 EPS 5.3 cents &uarr 47% NAV per share 27.5 cents &uarr 9% GPM 28% &uarr 1 ppt NPM 13% &darr 1 ppt EBITDA margin 19% https://links.sgx.com/1.0.0/corporate-announcements/L2KW0N12MPJ4ZL23/373f6e5731b890d4dd9bb58be263222b0efe2f4005fb4c30f727766cfaa19663 |
||||
| Useful To Me Not Useful To Me | |||||
|
yau123
Senior |
06-Apr-2023 09:43
|
||||
|
x 0
x 0 Alert Admin |
Yesterday news. But the share price wont move one! pretty pity
|
||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
06-Apr-2023 09:14
|
||||
|
x 0
x 0 Alert Admin |
Nordic secures S$22.6 million worth of contracts
SEVERAL divisions of Nordic Group : MR7 +2.15%have clinched contracts with a total value of about S$22.6 million with both new and repeat customers.
On Wednesday (Apr 5), the systems integration solutions provider said most of these customers comprise multinational companies and companies in the marine, offshore oil and gas, petrochemical, semiconductor, infrastructure and security industries sectors.
The new contracts are not expected to have a material impact on Nordic&rsquo s consolidated net tangible assets per share and earnings per share, for its current financial year.
Among the group&rsquo s divisions, scaffolding and insulation secured contracts worth the most in value, with S$13.4 million worth of deals for scaffolding and insulation work. This includes an S$11.5 million contract for a three-year maintenance project for scaffolding, insulation and painting work with an existing customer in the petrochemical industry.
The system integration division secured about S$6.9 million of capital and ad hoc contracts. These include an electrical and instrumentation deal from the petrochemical industry worth about S$5.1 million. The contracts are due to be delivered mainly in Q2 and Q3 2024.
The cleanroom, air and water engineering solutions division bagged about S$1.4 million worth of ad hoc and maintenance projects which are mainly due to complete in the last quarter of 2024.
About S$600,000 worth of contracts were secured by the precision engineering division for machining services and mechanical assembly, largely due for completion in Q3 2023.
A S$300,000 ad hoc project was clinched by the specialist structural engineering services division to design, supply and deliver partition panels by Q2 2023.
|
||||
| Useful To Me Not Useful To Me | |||||