Nordic Group

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06 Apr 2015 14:07 #22028 by Bestworld
Replied by Bestworld on topic Nordic Group
Breaking out.....

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14 Apr 2015 05:42 - 14 Apr 2015 23:27 #22067 by axe
Replied by axe on topic Nordic Group
Briefly glanced through Nordic's annual report. Seems like the company is confident of closing the deal with AE as it is mentioned in the report several times. Furthermore, they reiterated their committed to a 40% dividend payout and surprisingly initiated a share buyback mandate.

No material changes from the initial analysis except for the share buyback which is a positive.

Update: Sale and Purchase Agreement filed. Acquisition will be no later than 30th June and contingent on getting shareholder approval in the EGM.
Last edit: 14 Apr 2015 23:27 by axe.

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17 Apr 2015 16:51 #22085 by Bestworld
Replied by Bestworld on topic Nordic Group
The best is yet to come!

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20 Apr 2015 17:56 #22094 by Rich
Replied by Rich on topic Nordic Group
Nordic clinches scaffolding contract worth S$7 million for Chevron’s new process units

This is not the same type of contract as that for shutdown/mainentance for Chevron, right? Spread over 2 years, the revenue per year is about $3.5 M but company said "with bulk of the work done scheduled in FY2016."

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22 Apr 2015 15:29 #22102 by Bestworld
Replied by Bestworld on topic Nordic Group
More upside expected...

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22 Apr 2015 18:37 #22105 by gangho
Replied by gangho on topic Nordic Group

More upside expected...


What is the chance? Isn't the PE is quite high at 9+ now for a penny which is relatively unknown in the market place?

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