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Later will take a deeper look at the numbers , at first glance the numbers are excellent.
same situation like Soilbuild could be potential $2 counter :)
same situation like Soilbuild could be potential $2 counter :)
money4life ( Date: 18-Aug-2025 09:00) Posted:
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It seems that this counter NAV is almost $2, where other semicon counters are blooming where this counter is not. Pity the shareholders. Probably better to Privatize
muifan ( Date: 15-Aug-2025 17:12) Posted:
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For some reason , the excellent set of results attracted a bb and he is buying up the entire day !
How come they still afford to give so good dividend?
I am not sure either. However, it seems like the EPS of Q2 results swing to a net loss of 1.15c from 2.99c in 2016Q2 with higher COGS might have caused this.
how come share gap down so much today? any news?
How come after dividend payout?
There is no deduction of share price?
Please advise
tia
There is no deduction of share price?
Please advise
tia
the Company intends to undertake a capital reduction exercise (the &ldquo Capital Reduction&rdquo ) to return to Shareholders surplus capital of the Company in excess of its needs by way of a cash distribution (the &ldquo Cash Distribution&rdquo ) by the Company to Shareholders of S$0.10 for each Share held by the Shareholders.Â
katak88 ( Date: 11-Apr-2017 09:28) Posted:
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At the same announcement date 20 Feb 2017,
Company briefs: Global Testing Corp
PUBLISHED
FEB 21, 2017, 5:00 AM SGTGlobal Testing Corp
Chip tester Global Testing Corp reported yesterday that fourth-quarter net profit surged 65.2 per cent to US$555,000 (S$787,200).
Revenue was up 4.4 per cent to US$7.5 million for the three months to Dec 31, owing to more orders.
Net profit for the 12 months inched up 1.2 per cent to US$3.7 million, while revenue fell 6.6 per cent to US$30.9 million.
The firm proposed a final dividend of 10 cents a share.
Quarterly earnings per share was 1.57 US cents, from 0.95 US cent a year ago, while net asset value per share was US$1.34 as of Dec 31, from US$1.38 as of Dec 31, 2015.
Â
(I) THE PROPOSED DIVIDEND AND
(II) THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION.
The Board of Directors of Global Testing Corporation Limited (the &ldquo Company&rdquo , and together with its subsidiaries the &ldquo Group&rdquo ) wishes to announce that:
(a) subject to Shareholders&rsquo approval being obtained at the forthcoming annual general meeting of the Company for the financial year ended 31 December 2016 (the &ldquo AGM&rdquo ), the Company proposes to declare a final tax exempt (one-tier) ordinary dividend of S$0.10 per ordinary share of the Company (&ldquo Share&rdquo ) for the financial year ended 31 December 2016 (the &ldquo Dividend&rdquo ) and
(b) the Company intends to undertake a capital reduction exercise (the &ldquo Capital Reduction&rdquo ) to return to Shareholders surplus capital of the Company in excess of its needs by way of a cash distribution (the &ldquo Cash Distribution&rdquo ) by the Company to Shareholders of S$0.10 for each Share held by the Shareholders.
The books of the Company will be closed at a books closure date (the &ldquo Dividend Books Closure Date&rdquo ) as determined by the Board to determine the entitlement of the Shareholders to the payment of the Dividend. The Dividend Books Closure Date has been separately announced today in the Company&rsquo s full year financial results announcement. The books of the Company will be closed at a books closure date (the &ldquo Cash Distribution Books Closure Date&rdquo ) to be determined by the Board to determine the entitlement of the Shareholders to the payment of the proposed Cash Distribution.
It is intended for the resolutions relating to (i) the Dividend and (ii) the Capital Reduction and Cash Distribution to be tabled at the AGM.Â
EGM on 11 Aug 2016Â
Pursuant to Rule 704(16) of the SGX Listing Manual, the Board of Directors (&ldquo Board&rdquo ) of Global Testing Corporation Limited (the &ldquo Company&rdquo ) wishes to inform that at the Extraordinary General Meeting (" EGM" ) of the Company held earlier today, all the resolutions relating to the matters set out in the Notice of EGM dated 19 July 2016 were duly passed.
Ordinary Resolution: (1) THE PROPOSED DECLARATION OF A DIVIDEND OF S$0.10 PER ORDINARY SHARE FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2016
Special Resolution: (2) THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=KEEQRJKRL1XX9R59& H=fb083281f48be8dd7019439ad700e64e9cd69b9e531b4f459669ae9b4deb44e1
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Global Testing proposes dividend of S$0.10 per share, capital reduction exercise
Â
By Soon Weilun
JUN 3, 2016Â 6:52 PM
THE board of directors of Global Testing Corporation is proposing a dividend of S$0.10 per share.
It is also proposing a round of capital reduction and cash distribution, both at S$0.10 per share.
" The directors are of the view that the capital reduction is in the best interests of the company as the cash distribution comprises the issued and paid-up capital in excess of the immediate requirements of the company," the board wrote in a filing to the Singapore Exchange on Friday.
Global Testing offers testing services for the semiconductor manufacturing industry.
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An extraordinary general meeting (EGM) will be convened to seek shareholders' approval for the dividend, and the capital reduction and cash distribution exercises.
The board has proposed a dividend of S$0.10 per ordinary share for the financial period ended March 31, 2016.
As for the capital reduction exercise, it is looking to reduce the issued and paid-up share capital of the company by S$3,535,802.70, or S$0.10 per share, to S$50,189,033.91. The number of issued shares is unchanged, said the company.
Net asset value (NAV) will thus be reduced from US$50,570 to US$47,939, resulting in a fall in NAV per share from US$1.43 to US$1.36. Return on equity will increase from 7.83 per cent to 8.26 per cent.
In turn, a cash distribution amount of S$3,535,802.70, or S$0.10 per ordinary share held as at the books closure date, has been proposed.
The distribution comprises the issued and paid-up capital in excess of the immediate requirements of the company, said the board.
Global Testing' s counter was down 2.5 Singapore cents to close Friday at 92.5 Singapore cents.
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Anyone has the full report from KGI
GLOBAL TESTING CORP: " Good potential to be a multi-bagger..."
Published: 24 May 2015
Excerpts from analyst' s report
KGI Fraser analyst: Yuxuan He
Global Testing Corp (GTC SP, NR) a semiconductor testing services provider based in Taiwan, a company we highlighted on 2 Mar and 29 Apr 2015, it goes ex-distribution (S$0.075 per share on pre-consolidated basis) and will have shares traded on a consolidated (20-1) basis today (22 May 2015).
We believe this stock has good potential to be a multi-bagger based on:
(1) Big expected earnings growth just through lower depreciation expense in the coming years.
(2) Strong ability in generating positive cash flows over the last few years.
(3) High likelihood of paying dividends going forward if GTC were to pay just one-third of FY14&rsquo s free cash flow, the stock would yield about 12% on ex-distribution basis.
(4) Sanguine outlook for the semiconductor industry.
(5) Extremely cheap valuations when compared to peers.
Our fair value for the stock lies in the range of S$3.17-S$4.58 based on P/EBITDA and P/FCF valuation on an ex-distribution and post-consolidation basis. The theoretical price that should trade today, based on yesterday&rsquo s closing price is S$1.28 [(S$0.139 &ndash S$0.075) x 20].
http://www.nextinsight.net/index.php/story-archive-mainmenu-60/927-2015/10038-global-testing-corp-good-potential-to-be-a-multi-bagger
1st day trading on 22/5/2015 (ex-date for 20 for 1 share consolidation and 7.5c/shs capital reduction & distribution), opened at $1.00 and closed at $1.35. (adjusted closing on 21/5 is $1.28)
Today is ex-date for 20:1 share consolidation and capital reduction/distribution of 7.5c/shs.
Global Testing closed at 13.9c yesterday, the theoretical ex price should be
= (13.9c - 7.5c) * 20
= (6.4cts)*20
=$1.28
GLOBAL TESTING CORPORATION LIMITED
NOTICE OF BOOKS CLOSURE DATE FOR & ndash
(I) THE PROPOSED SHARE CONSOLIDATION AND
(II) THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION.
(A) NOTICE OF BOOKS CLOSURE DATE FOR THE PROPOSED SHARE CONSOLIDATION
4. INDICATIVE TIMETABLE
The table below sets out the indicative timetable for the proposed Share Consolidation:
Expected Time and Date Event
18 May 2015 Issue of notice of Books Closure Date for the proposed Share Consolidation
5.00 p.m. on 21 May 2015 Cessation of trading of the existing Shares
9.00 a.m. on 22 May 2015 Effective Trading Date (Commencement of trading of the Consolidated Shares
on the Main Board of the SGX-ST)
Commencement of Temporary Counter
5.00 p.m. on 26 May 2015 Books Closure Date for the proposed Share Consolidation
9.00 a.m. on 27 May 2015 Share Consolidation Effective Date (Share Consolidation becomes effective)
5.00 p.m. on 21 July 2015 Cessation of Temporary Counter
(B) NOTICE OF BOOKS CLOSURE DATE FOR THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION
The Company HEREBY GIVES NOTICE that the transfer books and Register of Shareholders will be closed at 5.00 p.m. on 26 May 2015 (i.e. the Books Closure Date) in order to determine the entitlements of Shareholders to the
proposed Cash Distribution pursuant to the proposed Capital Reduction.
Shareholders whose Securities Accounts with CDP are credited with Shares at 5.00 p.m. on 26 May 2015 will be entitled to S$0.075 per Share held by the Shareholder as at the Books Closure Date.
Duly completed registrable transfers received by the Company& rsquo s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., at 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623, up to 5.00 p.m. on 26 May 2015 will be registered to determine the Shareholders& rsquo entitlements to the proposed Cash Distribution.
The payment of the proposed Cash Distribution is subject to, inter alia,
(i) no creditors having applied to court for the special resolution of the proposed Capital Reduction and Cash Distribution passed at the AGM to be cancelled, and
(ii) the Company completing the necessary filings with ACRA as provided under Section 78E of the Companies Act, after the end of six (6) weeks, and before the end of eight (8) weeks, beginning with the date the Capital Reduction and Cash Distribution resolution was passed, upon which the Capital Reduction will take effect.
The Company will make the relevant announcements to update and notify the Shareholders of the effective date of the Capital Reduction and the date of payment of the Cash Distribution in due course. Subject to the Capital Reduction taking effect, the estimated payment date of the Cash Distribution is expected to be on or about 3 July 2015.
http://infopub.sgx.com/FileOpen/GTCL_Notice%20of%20Book%20Closure.ashx?App=Announcement& FileID=352325