On reflection today21 Mar 2019 08:41
1. Cash Dec 18 AUD $27 Million + Raise $51.3 Million = Nearly $80 Million to fund going forward.
This is still cash in the Company, Over raised we know. Its almost like selling some of the Company VSI but with more influence from them is that such a bad thing? They already owned 12/13% so with the new shares will have approx 1,212 million out of 3,468 million = 35% Approx in the new share structure.
V S Industry Berhad is a public listed company in Malaysia and Hong Kong, with over 37 years’ experience of multi-product OEM contract manufacturing and electronics manufacturing services. VSI is ranked in the world’s top 50 contract manufacturers and counts among its customers or partners, Dyson, Keurig Green Mountain, Zodiac, SMART Technologies, Valeo and Fluidic Energy. The VSI group employs over 11,000 staff.
2. Existing Contracts $144 million
3. 5 RFQs for $134 million - should know by June 19
4. A further 8 RFQs in 2019 for $245 Million up for grabs
5. From the $245 Million 33% of that is with existing OEMs for more models
6. Monitoring Fleet 100% Up to $2.4 Million
7. Off Road 244% Up to $4.6 Million from $1.7 million
8. Estimated 1000 month Guardian sales Month
9. Aviation 1st installs starting
To me makes sense now why RCA declared at a small figure. Couldnt let the share price rise while a 3p deal was being sorted. Look bloody even more stupid.
Do VSI look after shareholders? Digging about in Feb they announced dividends up 16.7% to 70 cents for 2018.
I for one actually think with them having a major stake in SEE will get a better deal longterm. 12,000 staff with fingers in many pies.
Being from Singapore they would of drove a hard bargain Iam sure and the SEE board must of winced at their demands iam pretty sure.
But for me its a great fit, BOD SEE not ready for the journey they are embarking on, they have proved that to us all. For me its a good thing. I will be sitting and watching this Year how it all unfolds but strange i know with them holding our hands we are in a better place IMO.
1. They are more professional
2. More geared up to big boy OEM sales
3. More Financial Savvy
They will want to make big money and will be questioning every decision. Iam surprised no one put on the board yet but sure it will com
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