Happen to come across this penny stock. Not very actively traded recently.
Info:
Addvalue Tech...
1) They have garnered buyers for their patent. Wait for news and huat.
2) Ng Ser Miang is one of the major shareholders
Previously: FY13
10. A commentary at the date of the announcement of the competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months Barring any unforeseen circumstance, the Group is optimistic about its performance for the next 12 months and expects it to outperform that of FY2013 in view of the following considerations:
4. With regard to our intangible assets, we had in May 2013 engaged a reputable US-based firm, which specialized in intellectual properties, to help look into the possibility of monetizing some of our intellectual properties that target the consumer market and are believed to have been widely deployed in many smart phones today; if the exercise is successful, it is expected to contribute significantly to the bottom line of the Group for FY2014.
Recently: FY14 Q1
10. A commentary at the date of the announcement of the competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months
Barring any unforeseen circumstance, the Group maintains that its performance for FY2014 is expected to outperform that of FY2013 in view of the following considerations:
4.The possible monetization of some of our intellectual properties as we have garnered a couple of offers and are currently evaluating them before making the final decision.
20 largest registered shareholders as at 25 June 2013 as shown in the Registers of Members
No. Name No. of Shares % 13 NG SER MIANG 18,053,000 1.53%
Ng Ser Miang (Chinese: 黄思绵; pinyin: Huáng Sīmián) (born 1949) is a Singaporean athlete, entrepreneur, and diplomat. He founded the Trans-Island Bus Services in 1982 and more recently is the non-executive chairman of the NTUC FairPrice supermarket chain and board member of Singapore Press Holdings. Since 1990 he has been the vice president of the Singapore National Olympic Council, and since 2009 has served as a vice president of the International Olympic Committee. In 2013, he was a candidate for the presidency of the International Olympic Committee, but eventually lost to Thomas Bach.
4. With regard to our intangible assets, we had in May 2013 engaged a reputable US-based firm, which specialized in intellectual properties, to help look into the possibility of monetizing some of our intellectual properties that target the consumer market and are believed to have been widely deployed in many smart phones today; if the exercise is successful, it is expected to contribute significantly to the bottom line of the Group for FY2014.
Hmm.. do they mean they sell their patent to Apple? Samsung? Microsoft-nokia???
Addvalue Communications Pte Ltd, a wholly-owned subsidiary of SGX Mainboard- listed Addvalue Technologies Ltd (A31), is a leading one-stop digital, wireless and broadband communications technology products innovator, which provides state-of- the-art satellite-based communication terminals and solutions for a variety of voice and IP based data applications.
Through the recent years of consistent business transformation, Addvalue has emerged to be a leading global developer and supplier of mobile satellite terminals supporting coverage provided by premier mobile satellite communication operators. These terminals are ideal choices for communications in areas around the world where terrestrial networks are non-existent, or ineffective. This is particularly so for maritime communications, which rely almost entirely on satellite communications, and Addvalue’s products are well poised to address these needs.
Guess it is something relating to its terminals products. Thuraya is a partner of addvalue. Armarda also uses Thuraya handsets for its mobile satellite business.
