AVI-TECH ELECTRONICS

0.3 cents interim dividend declared = 3.3% yield already. Final dividend would be at least 0.3 cent also for a total of 6.6% yield?

Ironical the US discontinued ops are turning in a profit finally. Makes it hard to accept that the ops have been sold (at the wrong time, imho)

I like the fact that this company has cleared all its impairments for the discontinued businesses. Thus, no overhang.

Despite being in a competitive biz, as at end-1HFY15, AVI-TECH continues to be net cash rich at S$26.1m cash. $0.076 per share = 86% of market cap, and almost nil debt.

Can the strong bal.sheet grow stronger?

Investing is part art,part science/math. In the case of Avi-tech, the high cash level is math/finance. Surprisingly, unlike many high-cash stocks, Avi-tech is chased after by the market to 9.9 cents now. This stock can be a study of investor sentiment and possibly insiders (loosely used) buying. this micro-cap is in a competitive industry, not very profitable, yet the share price has run up strongly. I am not complaining tho. .

Avi-Tech continues to recover, like a ex-cancer patient who has started to run its first 10 km race!

The Group’s 9M15 net profit attributable to shareholders was S$6.3 million, a resounding return to profitability from a loss of S$2.9 million in 9M14, while net profit for 3Q15 was S$1.9 million as compared to a loss of S$0.8 million in 3Q14.

Avi-Tech has even HINTED that it would resume paying a final dividend when it announces its 4Q result in about 3 months time!

infopub.sgx.com/FileOpen/Avi-Tech%203QFY...cement&FileID=349454

very likely for full year div to be given and maybe even a special as core business and earnings are going strong now.

Before the misadventures in their USA venture, this company has been quite good with dividend payouts.

high of 0.119 on high volume!
:evil: