Private investor Chia Kee Koon, a retired civil servant who held the post of deputy director finance department @ NEA lifted his stake in New Toyo from 2.03% to 4.97% according to New Toyo's latest annual report.
A google of his name threw up several articles featured in
www.nextinsight.net on several small cap counters such as Dukang, Samko Timber and also reveal his names amongst top 20 holders in Stamford Tyre, China Essence, Sinwa, Straco...
Does Mr Chia know something that we don't in New Toyo?
The biggest speculation is that the Yen family is going to sell off their stake at New Toyo/Tien Wah to the world biggest printers out there (e.g. Amcor, MM packaging, etc) since father and son were now no longer at the Board at a Good Price (of course)..
And BAT is going to give New Toyo/Tien Wah a lot more printing volume going ahead due to their entry into new markets in Asia Pacific (e.g. Myanmar and the Philippines).
Plus New Toyo/Tien Wah are sitting on a lot of investment properties/properties with redevelopment potential (especially Australia and Malaysia).
(caveat emptor)
(11-05-2014, 11:07 AM)greengiraffe Wrote: [ -> ]Private investor Chia Kee Koon, a retired civil servant who held the post of deputy director finance department @ NEA lifted his stake in New Toyo from 2.03% to 4.97% according to New Toyo's latest annual report.
A google of his name threw up several articles featured in www.nextinsight.net on several small cap counters such as Dukang, Samko Timber and also reveal his names amongst top 20 holders in Stamford Tyre, China Essence, Sinwa, Straco...
Does Mr Chia know something that we don't in New Toyo?
One cannot rule out the Yen family privatizing New Toyo on the cheap too. This is entirely possible.
(caveat emptor)
(12-05-2014, 07:27 AM)Curiousparty Wrote: [ -> ]One cannot rule out the Yen family privatizing New Toyo on the cheap too. This is entirely possible.
(caveat emptor)
It is entirely possible.... Look at CK Tang, Chemoil and etc... The Yens may just throw up a few more cents to $0.35 or $0.38.... not even forty cents to take it private ... Thats why they are keeping the valuable land in Australia and Malaysia UNDEVELOPED!
Minority shareholders have no voice ... the MSM are beholden to the tycoons .... they are motivated by extreme greeeeeed...
If minority shareholders have an aggregate of 10%, yen family attempt to take new toyo private on the cheap can be blocked . Since there is already one 5%, he just needs to gather a few of his friends to block . Easily done
For the benefits of posterity, could someone share the details of the key historical happening of how the Yen family bailed out the defunct tissue paper only to have the business totally reversed its course after the bailout .
(Caveat emptor )
There seems to be a discrepancy between the 2013 Q4 commentary and the latest 2014 Q1 commentary.
2013 Q4:-
The economic outlook continues to be uncertain. However, we remain cautiously optimistic regarding the Group's
performance as the industry that we are in is expected to be resilient. The Group will continue efforts to leverage
our presence in the lower cost production countries and explore opportunities for growth.
2014 Q1:-
The industry we operate in continues to be challenging. The Group will continue efforts to leverage our presence in the lower cost production countries and explore opportunities for growth. Quite likely that dividend might be cut in coming quarters...
29.5 cents - still dropping?
Can the resilient outlook change within such a short time span?
****
With the latest Q1 results from Tien Wan/New Toyo, Mr Market is re-evaluating the viability/sustainability of tobacco printing. New Toyo is coming back down below 30 cents...
Tobacco business makes good money but not tobacco printing because printing is very susceptible to volume decline (from regulatory factors such as plain packing, excise tax, etc), as has happened to Tien Wah/New Toyo case...
BAT M in its most recent quarterly results has reported huge volume reduction both in the volume in Malaysia as well as contracted volume. The drop in contracted volume was more than 20%!!! This will have a direct impact on Tien Wah/New Toyo as they are reliant on VOLUME and does not have the luxury to adjust price to offset volume drop, unless the big Tobacco companies.
New Toyo has dropped 8.1% this morning from 31 cents to 28.5 cents...
Not sure if New Toyo's factories in the industrial park are impacted by the riots.
told u many times over - company's track record has been dotted with plenty of ?????
need not spend too much time analysing - if they can't convince you they will confuse you.
Trouble is they never even attempt to convince u in recent years...
Vested
1000 shares
GG
Agreed!...should start a shorting strategy for this counter
(15-05-2014, 04:12 PM)greengiraffe Wrote: [ -> ]told u many times over - company's track record has been dotted with plenty of ?????
need not spend too much time analysing - if they can't convince you they will confuse you.
Trouble is they never even attempt to convince u in recent years...
Vested
1000 shares
GG