A friend of mine living in PJ told me that across the Tien Wah building were all the commercial banks......Isn't this a SUPER eye sore for the Selangor Govt? A printing factory sitting in the middle of ORCHARD ROAD???
http://www.propwall.sg/petaling_jaya/sec...lassifieds
Remember to multipe by 2.5 times for the exchange rate conversion from Spore dollar to RM.
Section 13, Petaling Jaya[58 views] Posted by Kwan Yee on 12-Mar 2012
Semi-furnished condominium for sale # 617 sf
S$ 476,800(S$ 773 psf)
Section 13, Petaling Jaya[109 views] Posted by Nick Shoong on 17-Dec 2011
Unfurnished condominium for sale # 364 sf
S$ 303,000(S$ 832 psf)
(26-04-2012, 09:44 AM)potatolover Wrote: [ -> ]SAH just made the announcement on 25 April 2012.
All transactions have closed.
Net Cash balance left in company is 159.15 mil or 18 cents.
The initial 21 cents have whittled down to only 18 cents as repayment of AmBank Loan, dividend (for FY2010), expenses of company, finder’s fee, etc are all deducted from this pool.
The dividend to be paid out in 2012 will be from this 18 cents.
Technically, SAH is only worth 17 cents after deducting the 1 cents for payment of dividend for FY2011.
SAH will compile with MAS’ regulation to place 90% of cash in escrow account.
************
They have tweaked the wording too in relation to the option for the remaining 50% of sales proceeds.
As stated in paragraph 9 of the Circular, the Board proposes to distribute up to fifty percent (50%) of the net proceeds, with the distribution to be by way of dividend, capital reduction or such other manner as the Board shall determine at a later stage and in respect of the remaining fifty per cent (50%) of the net proceeds, the Company will assess and explore various investment options to seek viable business opportunities in other areas of business and/or utilise the net proceeds for any working capital requirements. Such options will include exploring other investment opportunities as well as the option whether or not to distribute up to 100% of the net proceeds to Shareholders.
The Company will update Shareholders from time to time with announcements when appropriate
SAH has just announced that its net cash was 19.5c per share on 30 April 2012.
The company has explained that the earlier announcement dated 25 April (which gave 17.8c as net cash per share) did not take into account the existing cash balances it held before receipts of asset sale proceeds.
This is good news . Tks Portuser for bringing this to attention of investors who have by now been quite disillusioned by the long delay by SAH on what they intend to do with the remaining 19.5 cents ....
Where is special dividend ...
Quote:SAH has just announced that its net cash was 19.5c per share on 30 April 2012.
The company has explained that the earlier announcement dated 25 April (which gave 17.8c as net cash per share) did not take into account the existing cash balances it held before receipts of asset sale proceeds.
Wonder how timely is timely for releasing information of cash in a cash-up company. With internet banking, the information is available almost instantaneously. Even bank reconciliation should be done within a short time - 3 weeks is too long a time for timely info.
Where is the cash distribution - so hard meh? Or is it harder to find a justification to hold on to cash...
Seriously, a privatisation of SAH will be a cleaner route to return value of SAH to shareholders - seriously wonder why there is such a complicated arrangement
(21-05-2012, 09:28 PM)Underdogger Wrote: [ -> ]This is good news . Tks Portuser for bringing this to attention of investors who have by now been quite disillusioned by the long delay by SAH on what they intend to do with the remaining 19.5 cents ....
Where is special dividend ...
Quote:SAH has just announced that its net cash was 19.5c per share on 30 April 2012.
The company has explained that the earlier announcement dated 25 April (which gave 17.8c as net cash per share) did not take into account the existing cash balances it held before receipts of asset sale proceeds.
Better pray hard that the cash with SAH is not being gambled away in some senseless investment ... Remember that there is NO FREE LUNCH in the market ... High risk high returns
(21-05-2012, 10:01 PM)greengiraffe Wrote: [ -> ]Wonder how timely is timely for releasing information of cash in a cash-up company. With internet banking, the information is available almost instantaneously. Even bank reconciliation should be done within a short time - 3 weeks is too long a time for timely info.
Where is the cash distribution - so hard meh? Or is it harder to find a justification to hold on to cash...
Seriously, a privatisation of SAH will be a cleaner route to return value of SAH to shareholders - seriously wonder why there is such a complicated arrangement
(21-05-2012, 09:28 PM)Underdogger Wrote: [ -> ]This is good news . Tks Portuser for bringing this to attention of investors who have by now been quite disillusioned by the long delay by SAH on what they intend to do with the remaining 19.5 cents ....
Where is special dividend ...
Quote:SAH has just announced that its net cash was 19.5c per share on 30 April 2012.
The company has explained that the earlier announcement dated 25 April (which gave 17.8c as net cash per share) did not take into account the existing cash balances it held before receipts of asset sale proceeds.
Senior Yen said at the agm that a merger with amcor is impossible as tobacco s a companies don't want monopolies, duopolies. We should not focus on amcor anymore other than as a competitor to NTI.
Senior Yen is quite old liao...Do you think he wants to continue running New Toyo for many more years to come?
Furthermore, Junior Gary has given up his position as CEO of New Toyo to become Chairman at the back scene...
What do all these signify?
Well, tobacco companies usually like to acquire their competitors...
Not quite sure about tobacco packaging company though...
Any insight /views to share?
(22-05-2012, 06:13 PM)psolhawk Wrote: [ -> ]Senior Yen said at the agm that a merger with amcor is impossible as tobacco s a companies don't want monopolies, duopolies. We should not focus on amcor anymore other than as a competitor to NTI.
If SAH does not report on time, can MAS or SGX issue them a warning? Or we are letting company run by Ah Tiong taking advantage of innocent spore investors again?
(21-05-2012, 10:01 PM)greengiraffe Wrote: [ -> ]Wonder how timely is timely for releasing information of cash in a cash-up company. With internet banking, the information is available almost instantaneously. Even bank reconciliation should be done within a short time - 3 weeks is too long a time for timely info.
Where is the cash distribution - so hard meh? Or is it harder to find a justification to hold on to cash...
Seriously, a privatisation of SAH will be a cleaner route to return value of SAH to shareholders - seriously wonder why there is such a complicated arrangement
A lot of people have this perception that cigarette smoking is a sunset business and given the tough regulation climate, it is set to doom.
Quite on the contrary, cigarette big players such as BAT and PMI have continued to see organic growth in cigarette volumes as well as revenue.
In fact, PMI does not oppose regulations as long as they are deemed reasonable.
Page slide 30 & 31, PMI seems to be in a stronger financial position than BAT.
New Toyo is strategically nestled in the Asia emerging countries where orangic growth is strongest
