Most likely one more dividend of 5c to 6c if the boss intend to privatised it..
If it declare lower dividend 2c-4c.. the dividend yield will still be around 5% to 10%..
The company has over 60mil cash and good positive cashflow with little debt.
The boss with around 85% stake may privatised it since the volume of this counter is usually low , so its better to privatised.
Dividend will usually be announce next month in Sep..
The analyst's forecast, is 3 cents per share of dividend, with higher payout ratio of 50%...
(vested)
Will TTJ forge a new record for FY16?
SINGAPORE (Sept 7): RHB is recommending a “buy” call on steel specialist TTJ Holdings, saying the group is poised to announce record profits and possibly higher dividends in its full-year financials later this month.
...
http://www.theedgemarkets.com.sg/sg/arti...ecord-fy16
(07-09-2016, 05:04 PM)CityFarmer Wrote: [ -> ]The analyst's forecast, is 3 cents per share of dividend, with higher payout ratio of 50%...
(vested)
Will TTJ forge a new record for FY16?
SINGAPORE (Sept 7): RHB is recommending a “buy” call on steel specialist TTJ Holdings, saying the group is poised to announce record profits and possibly higher dividends in its full-year financials later this month.
...
http://www.theedgemarkets.com.sg/sg/arti...ecord-fy16
Don't forget when TTJ pays out a dividend, it is very much like a decision by Chairman/MD Teo Hock Chwee - who now owns a whopping 84.38% of the company! - on how much he wants to pay himself. Therefore, he can choose to be very generous to himself - like in last FY's case of paying a final dividend of $0.08/share - especially since TTJ has accumulated a lot of cash from past years' profits, and does not need to borrow to pay out a big dividend. Let's hope that Mr Teo has a personal need for a big sum of money, to buy himself a nice GCB, to privatise TTJ, or whatever.
(07-09-2016, 05:49 PM)dydx Wrote: [ -> ] (07-09-2016, 05:04 PM)CityFarmer Wrote: [ -> ]The analyst's forecast, is 3 cents per share of dividend, with higher payout ratio of 50%...
(vested)
Will TTJ forge a new record for FY16?
SINGAPORE (Sept 7): RHB is recommending a “buy” call on steel specialist TTJ Holdings, saying the group is poised to announce record profits and possibly higher dividends in its full-year financials later this month.
...
http://www.theedgemarkets.com.sg/sg/arti...ecord-fy16
Don't forget when TTJ pays out a dividend, it is very much like a decision by Chairman/MD Teo Hock Chwee - who now owns a whopping 84.38% of the company! - on how much he wants to pay himself. Therefore, he can choose to be very generous to himself - like in last FY's case of paying a final dividend of $0.08/share - especially since TTJ has accumulated a lot of cash from past years' profits, and does not need to borrow to pay out a big dividend. Let's hope that Mr Teo has a personal need for a big sum of money, to buy himself a nice GCB, to privatise TTJ, or whatever.
If there is no good use of cash (seems to be the case, after no luck in acquiring substantial yet not overpriced dormitory), the capital reduction is probably the only way to get the satisfactory ROE, post dormitory expiration in 2017
This is one of the better manage company in sg..net cash etc..
Unfortunately most of the company in sgx is not like that...as usually there will be a lot more conjobs companies like swibers than ttj...
Now 40c is cheap...
Potential 7.5% dividend yield or more..
By this month will usually announce dividend..there could be pleasent surprise..
The boss now very easy to do a mgmt buy out..
Since he already hold close to 85%
Usually once covered by analyst ..the share will run up for a while..since all their clients will pump in..
Anyway valuations still cheap..
And so be it..lets enjoy the run..
Wonder wat its going to invest in?
http://infopub.sgx.com/FileOpen/Announce...eID=420707
The Board of Directors of T T J Holdings Limited (the “Company”) is pleased to announce that the
Company has incorporated a new subsidiary in Singapore named T T J Green Energy Pte. Ltd.
(“TTJGE”) on 8 September 2016.
TTJGE has an issued and paid-up capital of S$1 comprising one (1) ordinary share and will be an
investment holding company. The Company holds 100% of the issued and paid-up share capital of
TTJGE.
