(11-04-2013, 06:44 PM)brattzz Wrote: [ -> ]today zero volume?!! :O shorters buying back..
If you check the SGX website, you will find that there is hardly any short selling on TTJ. Traders and punters rarely trade or short illiquid stocks. Of course, there are some pennies that started off as illiquid stocks but become high volume pennies once the syndicate had amassed enough stocks to push up the stock prices.
If there's any selling, it's real selling by investors who are either cutting losses or taking profit.
http://www.sgx.com/wps/portal/sgxweb/hom...ell_orders
Who in the right mind would want to go short on a counter like TTJ?! The fact that TTJ has remained an illiquid counter during most of the past year - and the share price has remained steady and even trended upwards since end-Aug13 - is a clear indication that most of the 349.8m outstanding issued shares are already tightly held by likely longer-term oriented investors.
I suppose this is not at all surprising. Just based on the dormitory asset alone, shareholders can reasonably expect TTJ to realise close to $38.0m (based on the derived $10.844m aftertax FCF realised in FY13 ended 31Jul13) in aftertax FCF - or approx. $0.092/share - from Aug13 till Jan17. Factoring out the depreciation of its remaining written-down NBV at $8.43m (as at 31Jul13) of this asset, earnings from the dormitory asset alone is expected to raise TTJ's NAV/share by approx. $0.0844 till Jan17. I guess we should always remember that the above 'cash-cow' earnings and FCF are before counting any contribution to earnings and FCF from TTJ's well-established structural steel business, which is also expected to grow and do well in the foreseeable future.
TTJ's shareholders and investors should take note of the contents in today's (18Dec13) announcement…..
infopub.sgx.com/FileOpen/ResponseToSGXQueries18Dec2013.ashx?App=Announcement&FileID=268143
Indeed, TTJ is a well-established business.
Since TTJ went 'XD' on 3Dec13 for the $0.009/share FY13 Final dividend, the counter came off from $0.31 (closing price on 2Dec13) and hit a low of $0.28 momentarily on 6Dec13, and has since edged up steadily and hit $0.31 again this morning (30DEc13). So if we include the $0.009/share dividend, in effect TTJ has gone higher since 'XD'.
Quite clearly, those who have sold their shares before and after 3Dec13 because of the dividend payment have passed on some wealth to those who have bought their TTJ shares. Any lesson worth learning?
yes, the lesson from
Blaise Pascal — 'All of humanity's problems stem from man's inability to sit quietly in a room alone.'
vested & sold nil to date
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
- none other than Mr Warren Buffett, himself.
1st salvo of new job orders - in total approx. $40.0m - for the new year/2014…..
http://infopub.sgx.com/FileOpen/TTJ40mCo...eID=274490
With a latest order book of $166.0m stretching work and deliveries into 2015 and 2016 - and I quote: "with many business opportunities ahead in view of the continuing positive construction industry outlook in Singapore" - I can only imagine TTJ becoming a real "Busy Bee"!
On 12Mar14, TTJ announced a good set of 2Q/1H (ended 31Jan14) numbers and has again confirmed its track record as a steady performer…..
http://infopub.sgx.com/FileOpen/TTJQ2H1F...eID=288043 [result announcement]
http://infopub.sgx.com/FileOpen/TTJQ2H1F...eID=288044 [press release]
http://infopub.sgx.com/FileOpen/TTJQ2H1F...eID=288045 [presentation slides]
Based on the strong net profit of $9.926m (+35% YoY) achieved in the 1H, I guess it is reasonable to expect TTJ posting a record full-year net profit of at least $20.m for FY14 (ending 31Jul14), which will translate into a full-year EPS of $0.0572 (based on the latest 349.8m issued shares). I guess it is also reasonable to expect a higher final dividend (last FY13: $0.009/share).
No wonder TTJ's share price - last done at $0.31 on 14Mar14 - has stayed steady and high and close to the $0.30 level in the last 6 months. It is really heartening to note that share price wise, TTJ has consistently out-performed the STI in the last 2 years and by close to 70% to date…..
http://sg.finance.yahoo.com/q/bc?s=K1Q.S...I%2C%5ESTI
When compared with Yongnam's pathetic share price trend, TTJ has out-performed its bigger archrival by close to 80% todate in the same period.
What happened today
Sent from my S4 via Tapatalk
high of 37cts before back to 33cts, something positive coming up!
