is the new chairman going to help with New Toyo's poor asset Turnover ratio?
noted that Tien Wah has again stepped up its capex investment.
Isn't this like a business trust? Getting more money from investors than giving back to investors?
(still remember the right issues back in 2008)
New Toyo cited one-off cost for restructuring in its Q4 results.
" In Q4FY2013, the increase in other operating expenses was mainly due to recognition of termination benefits in accordance to FRS 19 following the Group's decision to relocate a printing press to a lower cost production country and higher amortisation for intangible assets. " (New Toyo's Q4 Results)
How many printing presses are there in Anzpac?
If there is only one, does this imply that Anzpac is closing down? Then who else will serve BAT in Australia?
Will New Toyo lose this segment of the business to some other printers (say Amcor) in Australia?
Does this also imply that printing volume is coming down so sharply in Australia so much so that the reduced volume (i.e. losing economies of scale) does not justify New Toyo to have printing operations in Anzpac or Australia anymore?
All these are the questions that are worth thinking. tks
(04-03-2014, 09:42 AM)Curiousparty Wrote: [ -> ]New Toyo cited one-off cost for restructuring in its Q4 results.
" In Q4FY2013, the increase in other operating expenses was mainly due to recognition of termination benefits in accordance to FRS 19 following the Group's decision to relocate a printing press to a lower cost production country and higher amortisation for intangible assets. " (New Toyo's Q4 Results)
How many printing presses are there in Anzpac?
If there is only one, does this imply that Anzpac is closing down? Then who else will serve BAT in Australia?
Will New Toyo lose this segment of the business to some other printers (say Amcor) in Australia?
Does this also imply that printing volume is coming down so sharply in Australia so much so that the reduced volume (i.e. losing economies of scale) does not justify New Toyo to have printing operations in Anzpac or Australia anymore?
All these are the questions that are worth thinking. tks
Tien Wah is bound to serve BAT(Australia) until Dec 2015. It is likely to print elsewhere (ie Malaysai or Vietnam).
If Anzpac is shutting down or downsizing its factory in Sydney, it is good news, as part or all the freehold land will become available. The 3.5 hactare land is too large for the little jobs.
wow 3.5ha??? (that is 3.5 footfall field??)
What is Tien Wah/New Toyo going to do with that piece of land?
A google check showed that it is at outskirt of Sydney.
What can the big piece of land be used for?
(04-03-2014, 03:15 PM)Young Investor Wrote: [ -> ] (04-03-2014, 09:42 AM)Curiousparty Wrote: [ -> ]New Toyo cited one-off cost for restructuring in its Q4 results.
" In Q4FY2013, the increase in other operating expenses was mainly due to recognition of termination benefits in accordance to FRS 19 following the Group's decision to relocate a printing press to a lower cost production country and higher amortisation for intangible assets. " (New Toyo's Q4 Results)
How many printing presses are there in Anzpac?
If there is only one, does this imply that Anzpac is closing down? Then who else will serve BAT in Australia?
Will New Toyo lose this segment of the business to some other printers (say Amcor) in Australia?
Does this also imply that printing volume is coming down so sharply in Australia so much so that the reduced volume (i.e. losing economies of scale) does not justify New Toyo to have printing operations in Anzpac or Australia anymore?
All these are the questions that are worth thinking. tks
Tien Wah is bound to serve BAT(Australia) until Dec 2015. It is likely to print elsewhere (ie Malaysai or Vietnam).
If Anzpac is shutting down or downsizing its factory in Sydney, it is good news, as part or all the freehold land will become available. The 3.5 hactare land is too large for the little jobs.
who is this potatolover? why kena banned? any split personality? can moderator share what is his/her the other nickname?
Something could be brewing...huge bids in New Toyo....
New Toyo is up for sale speculation with both the father and son are not managing the company and with the appointment of David Lim Teck Leong, 58, as a non-executive director and independent director of the company.
http://www.nextinsight.net/index.php/sto...1-new-toyo-
Yes, agreed.
Amcor could be the prime buy-out candidate. They owned some parts of Tien Wah previously but gave up to New Toyo.
Now that Tien Wah is much stronger (after nurturing by New Toyo), Amcor would have to pay a much higher price, at least 6 to 7 times EBITDA.
This would put New Toyo at around 60 cents.
(30-03-2014, 10:21 AM)ngcheeki Wrote: [ -> ]New Toyo is up for sale speculation with both the father and son are not managing the company and with the appointment of David Lim Teck Leong, 58, as a non-executive director and independent director of the company.
http://www.nextinsight.net/index.php/sto...1-new-toyo-
i suggest moderator monitor & ban further speculative posts here as there are (same tots as mas370 thread) smells of speculation going on.
anyway, congrats in advance to those vested..huat ah......cant wait to hug hug yen yen at the agm soon..
Extract from Next-in-sight
"Adding to the speculation is the recently-announced appointment of David Lim Teck Leong, 58, as a non-executive director and independent director of the company.
He is the founder and managing partner of David Lim & Partners LLP, whose area of practice includes corporate finance, restructuring and mergers & acquisitions.
His expertise would come in handy if there is a takeover bid for the Yen family's stake -- and, by extension, the entire company. "
******************
<caveat emptor>
Increasingly, there are higher bids seen in New Toyo above 30 cents. Previously, this counter was rather "dead"....