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2Q14 net profit tumbled 60% y/y to US$1.6m, as revenue slipped 18% to US$77.4m, dragged by delays in information & communication technologies expenditure in Indonesia and a slowdown in China (-24%), maturing analog to digital migration business and competitive software pricing (-8%), and slower than expected traction in the mobile Software as a Service (-33%). NAV/share maintained at US34.24¢ .
I started accumulating this stock from yesterday @ 0.215. Any feedbac from fellow investors.
2 bid spreadder BB
Playedbefore this dmx... not contra friendly... contra killer
BB will accumulate for few months, jump 1 time and distribute 2 pips higher... Smelly BB this one dont play
johnng ( Date: 03-Apr-2014 14:37) Posted:
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DMX tech breakout!
Fy result.out.tonight...should be good
Quit.surprise.dmx break 20cents recently.even revenue.and.profit.improved.......should question.mgt in the coming agm..
Should.ask mgt to.look.into more agressive share buyback in coming agm..profit moving up but share.price still under perform..
Wow, thanks for the very insightful sharing moneycow!
I guess it helps to hear it from someone who had been following the company a while ago rather than picking up analysis from where I come from. Really appreciate it, now I may just keep it on radar but keep my cash intact.
moneycow ( Date: 19-Nov-2013 11:03) Posted:
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Thanks Buddy.
Sorry for the mistype and typos on my post below.
Hopefully it can be understood. :)
Holders are and must be hopeful. BUT many a times will get disappointed in the end.
It was like that, it will be like that always (it seems)
BUT wish all its longer term holders best of luck and may your wishes and dreams of it become true.
Got nothing against it - but just sharing the frustration of being its shareholder once upon a time not so long ago.
TA and fundamental doesn't count for all stocks. That are historical facts.
Cheers.
bluesky88 ( Date: 19-Nov-2013 10:44) Posted:
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Hv abserve this company for a while. Hit $0.47 in yr 2010 & share price keep going downtrend & never climb ups.
Despite good news now & then..this stock is not performing.
I totally agree what MC said!
Lousy in terms of performance - no comment.
BUT the very fact remain is that it is never shareholder oriented.
Meaning and its a fact based on past experiences - It always talk about revenue increase but never give share with shareholders the benefits.
Its tantamount to - " hey , I make a lot of money" with your money, but i am going to keep it.
In that sense its lousy - that what i meant. There is no point in buying its share and hold for the long term as there is very little or no benefits besides on standby, in case they need more cash for new ventures or projects, they will hand you new rights share. Like a god father or sucker.
Have been holding for quite long in the past, due to the above mentioned reason - got out. No point of holing and hearing good announcement , good profits and good revenues thats about all the good. BUT there was never a time that it makes it shareholder happy bu sharing the profits. However they will proposed employee huge bonus........to be approve by shareholders.. via EGMs, AGMs...................
Ya no doubt always lots of good news, announcement...making profits , increase revenue.........new contracts BUT where are the shareholder's benefit ?
Just hoping that its " general good news announced" and hoping its share price will go up...............just hope and hope but all lost hope and ends up with another disappointment................thats what I meant by " lousy. In general, internal and revenue.........contracts its ok ...lousy in taking care of its pay masters............. :)
Best wishes... holders sure ants to be positive but for how long ?
Good luck
n3wbie ( Date: 19-Nov-2013 00:46) Posted:
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I think it is unfair to consider DMX a " lousy" company based on " big revenue tiny profits" . If so, many companies listed worldwide would be considered " lousy" .
You have to take into consideration that this company essentially comprise two separate business divisions, the ICT and digital media. While it is industry knowledge that system integration is a capital intensive business, it would be a shame to neglect the contributions of the digital media. Trading at 0.48 P/BV, P/E of less than 10 and more importantly, EV/EBITDA of less than 4, I consider this a deeply undervalued company more than a " lousy" one.
Just my two cents worth.
lousy company - big revenue tiny profits. such company needs to collect alot of cash than make profits. If revenue falls in future it will report lost.............
wow, near 52 week low now, someone pushing the price down to collect?
third quarter results were only released after market.
kahlid ( Date: 14-Nov-2013 23:29) Posted:
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strange that this stock get beaten down today, despite a solid quarter...?
Company just reported a very solid quarter. Anyone else considers this counter undervalued?
http://infopub.sgx.com/FileOpen/DMX_ANN_3Q13_Results_Media_Release.ashx?App=Announcement& FileID=264531
Building base at 20c. Price way below the net tangible asset per share of 36c.
wonder if the recent 4yr contract with the HK government will have any impact on the price...