Nera Telecommunications Ltd

I added 10 lots of Nera Tel in my SRS portfolio today at 41 cents.

As you are aware, ST Engineering tried to acquire this company for 45c per share but the deal was blocked by minority shareholders! Interesting. The stock just went XD after paying 4 cents of interim dividend. The company just announced its Q2 (or 1st half results) on July 14 (see table below) and the results were pretty impressive.No wonder the minority shareholders were upset by the 'indecent' offer from ST Engineering. hahaha. The Company is not expensive and trading at 8x PE. Its market cap of $148m is also backed by cash and short term investments of 54.3m. 

There was an interesting article on Nera written by another blogger. You may find it here for your reading.

With such strong financial performance and past dividend streams, Nera sounds like a good fit to my SRS investment criteria where i am looking for stocks that can provide me with regular passive income.

Happy SRSing.