Shares & Derivatives
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
By Kevin Scully-Financial Blog  •  July 18, 2012
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 ......
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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