(15-10-2015, 10:06 PM)ksir Wrote: [ -> ]The order book crisis seems to be over for now. Next will be the margin. The ultimate surprise will be the renewal of the dormitory at reasonable price. From its previous dormitory experience, it's very unlikely to get renewed.
<vested, added more recently>
Renewal of existing dorm leasing? I reckon, no further renewal option available for existing dorm. The "surprise" should come from leasing contract of new dorm.
(vested)
Hi CF,
I don't really know how the dorm leasing works. What happens to the dorm (and its occupants) when the leasing expired?
It's likely to be hard to find new places to accomodate about 5k workers right? Those workers are very likely to be TTJ's staffs as well.
Curious and eager to learn about this bit.
(16-10-2015, 09:33 AM)ksir Wrote: [ -> ]Hi CF,
I don't really know how the dorm leasing works. What happens to the dorm (and its occupants) when the leasing expired?
It's likely to be hard to find new places to accomodate about 5k workers right? Those workers are very likely to be TTJ's staffs as well.
Curious and eager to learn about this bit.
The dorm may still around, but may not necessary be managed by the company, after the leasing expired. The new lease may need to thru a new open bidding procedure again.
May be domain expert(s) here can further elaborate, if any.
Not sure if that's cause for concern. After losing head of contracts (mr low) in FY2014. But noted the followings:
1. Mr Somasundaram was promoted to COO.
2. Key Management pay was cut down substantially from 3.8M to 2.2M.
3. Mr Teo renumeration was down from 2.3M-2.4M to 1.3M-1.4M.
It's good that the renumeration structure is rather nimble.
<vested>
Career & Development lor:
http://paramountsolutions.com.sg/wp/wp-c...icture.pdf
Lawrence Low Chee Yeen : Founder and Director of Paramount Solutions Pte Ltd
http://technics.listedcompany.com/newsro...F077.1.pdf
The Board of Directors of Technics Oil & Gas Limited (“the Company”) is pleased to announce that
its wholly-owned subsidiary, Technics Offshore Engineering Pte Ltd (“TOE”) has incorporated a 51%
subsidiary, on 21 November 2013. The details are as follows:
(a) Name of 51% subsidiary: Technics Steel Pte. Ltd. (“TNST”)
(b) No. of shares held: 51 ordinary shares for SGD51.00.
The other shareholders, Dr Teo Teck Heong and Dr Ng Yiaw Heong
each hold 28 and 21 ordinary shares respectively (together representing 49% in TNST).
...
another competitor liao..
Technics Steel Pte Ltd
liao..
Technics Steel Pte Ltd
XD today. Mr Teo should just use the money received to delist it.
Seems the 8 cents dividend turned out to be almost 'free'.
Before dividend announced was 33 cents, now XD its 32 cents. That's a 20% return over 2 months.
Hopefully more 'magic' will manifest after shareholders receive the dividends on 18th
(01-12-2015, 11:30 PM)smallcaps Wrote: [ -> ]Seems the 8 cents dividend turned out to be almost 'free'.
Before dividend announced was 33 cents, now XD its 32 cents. That's a 20% return over 2 months.
Hopefully more 'magic' will manifest after shareholders receive the dividends on 18th
Another $16 million worth of contract secured.
Mr Teo, please delist at above $0.38.