AVI-TECH ELECTRONICS

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13 years 6 months ago #4899 by Dongdaemun
Replied by Dongdaemun on topic Re:AVI-TECH ELECTRONICS
CIMB SAYS ::::::

Avi-tech Electronics Ltd announced that its subsidiary, Avi-Tech Verde Inc. (ATVI) is venturing into the energy efficient and renewable energy market for LED and high brightness LED products. It has appointed Mr James Rhodes, former managing member of Verde Designs, a leading US supplier of high quality solid state lighting products, as new CEO of ATVI. Management sees tremendous opportunities in the high brightness LED market, which is forecast to grow from US$5bn in 2008 to US$20bn in 2014.

Although we see great potential in the LED market, competition is also intense. Our forecast has not imputed any significant contributions from this new venture. Maintain Buy recommendation with target price of S$0.30.

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12 years 10 months ago #6957 by Joes
Replied by Joes on topic Re:AVI-TECH ELECTRONICS
Looking at the posting below, it sure looks like times have turned hard for Avi-Tech. Stock now at about 10 cents. Released FY11 results, and it's a fall in profit.

Note an interesting point: Avi-Tech has accumulated $37.5m in net cash!

Abt 10.9  cents a share! Cash = stock price.
The downside is practically nothing.... Upside? well... it's up to the market

A teeny weeny 0.025 cent/share Final dividend was declared.

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12 years 10 months ago #6962 by Joes
Value investors piled into this stock today: Up 18% at 11.8 cents.
Still a value stock. But further upside is ???

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12 years 7 months ago #7742 by Joes
As at 30 Sept, Avi-Tech had a net cash balance of $36.7m, which is equivalent to $0.107/share. This is equal to the last done share price was $0.108. Avi-Tech may be a not well-known company but hey, it is not a S-chip and it is a value stock. Agree?

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12 years 6 months ago #7810 by Val
Company has finally started buying back its shares, albeit very small quantities. Aside from its nice cash hoard, it's important to watch how its biz performs. In the quarter ended Sept 11, it lost S$1.3 million. I think with the semi con industry not looking great, Avi-Tech will not have an easy time in the near term.

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11 years 10 months ago #10766 by PCman
Replied by PCman on topic Re:AVI-TECH ELECTRONICS
avi-tech bought back another 100K shares today, adding to what was reported a few days ago in the article Insider buying @ AVI-TECH, JB FOODS

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