AEM and SPIL enter into a Sales & Purchase agreement.......this is a very important development and increases my fair value by 30% for a start
Wednesday, 18 July, 2012 8:47 AM
Posted by Kevin Scully
I first added AEM to My Stock Picks on 12 April 2012 when it was confirmed that the company was taken off the watchlist. I had originally set my fair value at S$0.12 which is close to its NAV of S$11.9 cents. Since then we have had its Q1-2012 results and the company has also announced that its paying a maiden dividend since its returned to the black. The dividend is 0.35 S cents with the ex-date on August 3, 2012.
The company recently made an important announcement involving one of its wholly owned subsidiaries Microcircuit Technology Singapore Pte Ltd (MCT) The first announcement was on 28 June 2012 and ......