Since you are talking without data, i am also talking to you without data.
So how do you know yongnam is not the cause of depressed margin? Yongnam being one of the biggest fish in the pool?
What i am saying is that it's not that suddenly the industry turns bright but the fact that likely the gloomest moment is over.
I invested in ttj with the expectation that their dorm will not be renewed.
The company excluding net cash still provides me certain mos for my average cost of about 29cents.
Do i want to sell now?
No, unless other undeniable more mispriced company coming along (with the similar Management who appreciate margins and willing to share profits with shareholders).
ok ok, wait for Boss Teo to decide lah,
at the end of the day, it is about whether boss teo is investor friendly or not. Let's just say he is friendly enough, 30% chance (i hope it is not too low), so maybe he will try to delist say 45 cents and current shareholders will have a nice christmas this year. I think there's a 70% chance that he wont declare special dividend for end of this financial year, shareholders will start cursing teo, and the shares may drop below 25 cents
i just thought that margin of safety is too low for me when i can foresee that earnings will dip quite a bit in the next few quarters.
As it is difficult to find a quality stock backed by a well-established business with a proven track record of above-average profitability, and a proven management also careful in capital allocation and always mindful to reward all shareholders, so holding it for the longer term and adding to your position - especially when the price is low or fallen - may be the best way to go.
true, difficult to find such a company...
Wrote a piece on TTJ Holdings Ltd announcement.
http://tubinvesting.blogspot.sg/2016/07/...nancy.html
If you are able to pick out the right information, you will realise that:
1. The lease will only expire in Jan 2017.
2. For financial year 2016, its financials will not be affected.
3. The new lease for the new dormitory starts in April 2016 - Which meant 3 months of the revenue will be recorded in the revenue for the financials of 2016.
With the information above and the exceptional 3rd Quarter recorded, we can predict the revenue and net profit for Financial Year 2016 will most probably be much higher. Thus, this should be something to celebrate rather than sad.
<Vested>
http://tubinvesting.blogspot.sg/
(24-07-2016, 09:48 PM)TUBInvesting Wrote: [ -> ]Wrote a piece on TTJ Holdings Ltd announcement.
http://tubinvesting.blogspot.sg/2016/07/...nancy.html
If you are able to pick out the right information, you will realise that:
1. The lease will only expire in Jan 2017.
2. For financial year 2016, its financials will not be affected.
3. The new lease for the new dormitory starts in April 2016 - Which meant 3 months of the revenue will be recorded in the revenue for the financials of 2016.
With the information above and the exceptional 3rd Quarter recorded, we can predict the revenue and net profit for Financial Year 2016 will most probably be much higher. Thus, this should be something to celebrate rather than sad.
<Vested>
http://tubinvesting.blogspot.sg/
For point 3, I believe the new dormitory contract starts AUG 2016 and not APR 2016.
(24-07-2016, 09:48 PM)TUBInvesting Wrote: [ -> ]Wrote a piece on TTJ Holdings Ltd announcement.
http://tubinvesting.blogspot.sg/2016/07/...nancy.html
If you are able to pick out the right information, you will realise that:
1. The lease will only expire in Jan 2017.
2. For financial year 2016, its financials will not be affected.
3. The new lease for the new dormitory starts in April 2016 - Which meant 3 months of the revenue will be recorded in the revenue for the financials of 2016.
With the information above and the exceptional 3rd Quarter recorded, we can predict the revenue and net profit for Financial Year 2016 will most probably be much higher. Thus, this should be something to celebrate rather than sad.
<Vested>
http://tubinvesting.blogspot.sg/
The market prices things on roughly a 12-18mths forward looking. I didnt know that it is unconventional and profitable to be even shorter term looking than the market!!
In anyways, company has stated that the new dorm (full year) will NOT have material impact for FY17 end. The date of contribution was stated wrongly (as pointed out by Muck), even though if it isn't, hard to imagine 3months of contribution would make a considerable impact.
If I read correctly it's mentioned that CEO has been buying shares in recent times?? Is it?
To borrow from philip fisher, the best time to sell (a good company with good management) is never.