SATS - She is gaining strength likely to rise up to reclaim 2.99 again, looks rather bullish!
A nice breakout of 3.00 smoothly may likely see her rising up further towards 3.22 than 3.66! Pls dyodd.
SATS - AGM is on 19th July 11am at Grand Copthorne Waterfront Hotel level 4, do take note!
May be got nice kopi plus snacks!
SATS- She has retreated from 2.99 to touch 2.86, looks rather interesting! Likely to continue to trend higher!
Pls dyodd.
Gapped up this morning, fantastic!
Likely to rise up to test 2.94 again!
Pls dyodd.
SATS - FY results is out! Declared Final dividend of 1.5 cents, Awesome! Gross Revenue is up three-fold to 5.1b.
XD 24th July. Pay date 8th August.
Net profit of 56.4m reversing from last year net loss of 26.5m. Finally, they are back to profitable, Fantastic!
Strong balance sheet and healthy cash flow, solid!
Quote: SATS is on an ambitious plan to increase revenue by about 60 per cent to $8 billion over the next four years, as it works to build on its sterling set of full-year results that exceeded expectations.
“We have a clear strategy for each of the group’s business lines, and we have a strong operating platform from which to do it.”
These are growing revenue to underpin sustained business growth; driving operating leverage through better cost efficiency and productivity; rationalising its portfolio; repaying debt while optimising cash flow; as well as returning value to shareholders.
Mr Mok summarised this as Sats’ 3Rs: repay loans, re-invest in capital expenditure and resume dividends. On that last point, the group declared a final dividend of 1.5 cents per share for the full year to March 31.
Not a call to buy or sell!
Pls dyodd.
