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SMR Technologies Chairman & CEO Dato’ Dr R Palan discusses the following questions:
- You’ve been a trainer all your life. At what point did you realise the necessity to institutionalise your work into a corporate structure
- Discuss the path to SMR – and then the path to becoming a PLC
BUSINESS PLAN – REVENUE STREAMS
- Discussion on each — and which is the biggest contributor to group revenue – and whether overdependence on one or the other Professional HR solutions (events/consulting/outsourcing/search)
- HR Software (HRDPower.Net Enterprise, HRDPower SAAS)
- Education (National Capacity Building: english language, vocational skills, tertiaryeducation)
- Challenges: people / fee and pricing pressure / adoption / preference for foreign professionals and not local?
- Challenges: developers / upgrades? –
- Challenges: dealing with a government which has back-shelved English as a means of learning science and maths
- Positioning? What is SMR? A software firm? Event manager? A university / education provider? A trainer? Clarity of focus
- Whether the street / investment community values SMR accordingly – Client breakdown: GLC / Private sector
GROWTH – EXPANSION
- With most — 95% — of group revenue coming from OCHR (Outsourcing, consulting and HR activities) where is the next leg of growth coming from
- Tertiary education: ISSUES
CORPORATE – PLC – EXERCISES
- Purchase of 70%-stake in In-Fusion Education Sdn Bhd – RM27.5 mln – Reasons for purchase
- Loss after taxation of RM4.9 mln with a BV of RM14 mln at FYE Dec 2011. .. Explain? “operating issues”?
- Many of the 1,400 students are government sponsored … PTPTN – issues
- Reasons for big revenue increase in FY2011 and in FY12
- SMRT: listed since 2005 and remained on ACE Market since then. Intention to stay “junior” — big fish in small pond — or larger plans to graduate to the Main Market
- Liquidity – coverage issues – Vastly undervalued: 3.2x PE
- Concentrated ownership – why stay listed?