NOTICE OF BOOKS CLOSURE AND DIVIDEND PAYMENT DATES
NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of EXCELPOINT TECHNOLOGY LTD (the Company )
will be closed on 4 May 2018 for the preparation of dividend warrants in respect of a first and final ordinary tax exempt one-tier dividend of 3.0
Singapore cents per ordinary share and a special tax exempt one-tier dividend of 1.5 Singapore cents per ordinary share for the financial year ended 31 December 2017.
Duly completed registrable transfers received by the Companys 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 3 May 2018 will be registered to determine shareholders entitlements to the said dividends.
Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 3 May 2018 will be entitled to the dividends.The dividends, which were approved at the Seventeenth Annual General Meeting held on 11 April 2018, will be paid on 23 May 2018.
By Order of the Board
Wong Yoen Har
Company Secretary
12 April 2018
At 74.5 cts, the company is capitalized at S$88.3 mil.
Personally I am into this counter for the long term. Reasons:
1. high dividend yield ... 6% on current price of 74.5 cts
2. growing top-line n bottom-line
3. net margin likely to improve further given the trend in the last 2 quarters
4. positive comments from major shareholders
5. low valuation, trading at p/e of 8.1 X on current price of 74.5 cts
Expression of confidence by the CEO that the company's revenue may touch $2 billion in 5 years time. This is a huge improvement compared to the $1 billion the company is doing now. There is a high probability that the company may achieve this figure, given the 'explosion' of IoT ( internet of things) and the company's exposure to India n Indonesia, both are high growth countries.
Improving net margin and improving revenue will have a huge positive impact on the company's bottom line. Given its growth trend, i believe the company is worth a lot more than the current $88.3 mil. In my view, its grossly under valued.
Above are for sharing only. Views expressed are my personal views.
1st quarter result likely to be out in 1 to 2 weeks time.
trailing p/e - 7.9 X
nav - 83.2 cts
dividend yield - 6.1 % based on price of 73 cts.
1st quarter result likely to be better than last year same quarter.
Note - Excelpoint had been profitable every quarter in the last 5 years.
Had consistently gave dividend of 4 cts per year w the exception of 1 year
when the dividend dropped to 2.5 cts.
