CYTew : My group of friends(junior executive level) are in Investment banking, Comm Banks & stockbrocking house. Most of our information are only numbers(buying or selling). Malaysian Corporate news are rare. That's why I need to read what you guys write here(klse.i31nvestor.com).
We like NOTION because : Definition of 'Diversified Company' A company that has multiple, unrelated businesses. Unrelated businesses are those which (1) require unique management expertise, (2) have different end customers and (3) produce different products or provide different services. One of the benefits of being a diversified company is that it buffers a company from dramatic fluctuations in any one industry sector. http://ir.chartnexus.com/notion/group_struct.php
Notice of Shares Buy Back by a Company pursuant to Form 28A
Date of buy back from 27/06/2012 Date of buy back to 04/07/2012 Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 953,100 Minimum price paid for each share purchased ($$) 1.140 Maximum price paid for each share purchased ($$) 1.230 Total amount paid for shares purchased ($$) 1,140,201.79 The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad Number of shares purchased retained in treasury (units) 953,100 Total number of shares retained in treasury (units) 1,040,048 Number of shares purchased which were cancelled (units) 0 Total issued capital as diminished Date lodged with registrar of companies 10/07/2012 Lodged by Boardroom Corporate Services (KL) Sdn Bhd
OTHERS Notion VTec Berhad ("NVB" or the "Company") - Fire Incident
NOTION VTEC BERHAD
Type
Announcement
Subject
OTHERS
Description
Notion VTec Berhad ("NVB" or the "Company") - Fire Incident
The Company regrets to announce that a fire had occurred at a rear building of its main manufacturing plant in Klang, Selangor. The incident affects both the wholly-owned subsidiaries of the Company, Kaiten Precision (M) Sdn Bhd ("KPSB") and Notion Venture Sdn Bhd ("NVSB"). The plant belongs to NVSB and is located at Lot 6123, Jalan Haji Salleh, Batu 5 ½, Jalan Meru, 41050 Klang, Selangor. The fire started at about 4pm on Monday, 31 December 2012 during normal working hours. No injuries had been reported. The fire department and insurance representatives are still conducting investigation to ascertain the cause of the fire.
A site examination revealed that a section of the factory premise was gutted by the fire. The number of computer numerical control ("CNC") machines lost were about 100 CNC machines out of a Group inventory of 1,500 CNC machines. The affected area is 21,000 square feet out of the main plant’s built up area of 400,000 square feet. There is also substantial damage of goods of KPSB and NVSB that needs to be ascertained. Nonetheless, these assets (i.e. CNC machines and goods) are adequately covered by insurance.
Insurance coverage has also been taken for consequential business loss. The Company, with its insurer is working to ascertain the extent of the damage. An assessment on the financial impact caused by the fire is being carried out and the Company will make further announcement of the financial impact to the Group.
There is a temporary loss of capacity of about 90% for KPSB which contributes about 10% of the Group's revenue and some disruption to certain operations of NVSB. The Company is taking urgent steps to start rehabilitation of the affected building, waste water treatment plant, air conditioning, emergency ordering of auto lathe machines, Quality Control equipment and other measures to try to recover the installed capacity within 4 months.
9% of revenue (temporary loss of capacity of about 90% for KPSB which contributes about 10% of the Group's revenue)and 6.67%(100/1500) of machinse affected and Insurance coverage has also been taken for consequential business loss. maybe can go in around 0.73
newbie here, would like to share a bit, all sifu kindly advice me if im wrong, Thanks lots (^.^) They are doing: digital storage, (SLR) camera, automotive , everything looks good, if camera got strong back up from canon and nikon then will be superb, 15 years old company, CAGR (compounded annual growth rate) was 46.6% pa over the 14 years, but volume low coz i guess everyone think digital storage is kaput business, that's y i hope they will take their company towards (SLR) camera, automotive added bonus if venture to phone. some info: - 2006 | Entry into SLR camera segment - Jul 2007 | ISO 14001 certified | Additional 100,000 sq ft production area - Dec 2007 | Entry into electronic braking system segment - Jan 2008 | Acquired 61,000 sq ft factory in Klang - Mar 2008 | ISO TS 16949 certified for automotive industry - Aug 2008 | Transferred to Main Board KLSE
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kongtl
118 posts
Posted by kongtl > 2012-03-05 14:17 | Report Abuse
Beyonics Technology Ltd of Singapore may buy part of Notion VTEC. Only the HDD/SSD division. Keeping their Camera & Auto Division. For the longest time, NOTION wanting to sell the HDD/SSD division, what better time than now?
Visit : http://sgx.i3investor.com/servlets/fdnews/35081.jsp & http://ir.chartnexus.com/notion/group_struct.php