Excelpoint

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19 Oct 2017 09:37 #24093 by josephyeo
josephyeo replied the topic: Excelpoint
Excelpoint

1Half profit ... US$2.76 against last year US$2.07 ..up 33.5%

Last year 3rd n 4th quarter profit US$2.43 and US$2.55 respectively.

Traditionally Excelpoint reported better results in the 2nd half.

Curremtly, company is capitalised at S$71 mil based on price of 61 cts

FYI .. vested

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21 Oct 2017 16:10 #24096 by Nitrosky
Nitrosky replied the topic: Excelpoint
What are your thoughts on the uptrend of current liabilities?

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28 Oct 2017 11:47 #24113 by josephyeo
josephyeo replied the topic: Excelpoint
Hi Nitrosky, sorry for the late respond.

About the company's liability ... i am not too concerned. The nature of the company has always been high debt relative to cash. Borrowing was to sustain business growth. Revenue has grown from US$584 mil in 2012 to US$988 mil in 2016 .. almost double. Current revenue is likely to cross the billion dollar mark.

The current liability at half time is - US$273 mil against assets of US$336 mil.

I have been vested w the company for many years and have enjoyed the regular
high dividend. And have seen the company growing in terms of revenue n profitability. I believe the company has entered into a new phase of growth n are likely to see higher revenue n profits.

Results for 3rd quarter shld be out anytime now.

Above are just my assessment n i could be wrong.

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