When I was reading through the third quarter financial results of Nera Telecommunications Ltd, I found out that Mr Ang Seong Kang Samuel, the Chief Executive Officer of Nera Telecommunications Ltd has tendered his resignation. The reason given his cessation on SGX announcement was retirement. Mr Ang is 61 years old. Mr Beck Tong Hong will act as Chief Executive Officer in the interim.
Nera Telecommunications has also announced a special dividend of $0.15. The special dividend payout was from the sale proceeds of its payment solutions few months ago. (NeraTel Completes Sale of Payment Solutions)
Let us do a quick check on the fundamentals of Nera Telecommunications:-
Market Capitalization
As of 30th September 2016, the number of shares stands at 361,897,000. Market capitalization stood at S$246.09 million. NeraTel is a small cap stock. There is no change since my previous analysis. (My Personal Analysis of Nera Telecommunications)
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