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Tien Wah making an all time high of 2.15 RM .....Will New Toyo (owning 54% of Tien Wah) stand to gain as well?

What is the use?

From New Toyo's IPO until now, has New Toyo paid back its loyal shareholders all the money it took including the money from the right issues?

I seriously doubt so...

taking into account the right issues, fair price = 50 cents....with a 2 cents dividend per year, it will take some 25 years to repay !!

(28-05-2012, 04:39 PM)Underdogger Wrote: [ -> ]Tien Wah making an all time high of 2.15 RM .....Will New Toyo (owning 54% of Tien Wah) stand to gain as well?

Someone just told me this. Imagine if Mr Yen and his family wish to retire and raise cash, what will they do?

1. Sell off 54% stake in Tien Wah . Today Tien Wah closed at 2.13 RM or 205.53mil RM. 54% in SD = 45 mil (cash)
2. 13 cents from SAH or 57 mil (cash)
3. Sell off New Toyo investment properties ($25mil - market value as of 31 Dec 2011)

total cash = $127mil or 29 cents.

4. Then it is left with its own specialty paper business. say 5mil net profit or 1.1 EPS. P/E of 10 = 11 cents.


Add the 4 parts up will give 40 cents, not forgetting that 29 cents are pure cash ...

And has the current share price of Tien Wah factored in the redevelopment potential of the 2 large pieces of land (held by Tien Wah) at PJ section 13
Plus the fact that Tien Wah is now well positioned to seize new business opportunities for all its existing operating segments as well as new segments of their marketplace, given its prior years’ capital expenditure investment in gravure capacity.
(See Tien Wah's 2011 AR - Chairman's statement]

Of course, if someone else is buying over, then got to "touch up a bit" and sell at a MUCH higher premium....

there seems to be a nice arbitrage play...

market cash valuation of 29 cents (simple math)

versus share price of only 26.5 cents?

(29-05-2012, 12:12 AM)Underdogger Wrote: [ -> ]Someone just told me this. Imagine if Mr Yen and his family wish to retire and raise cash, what will they do?

1. Sell off 54% stake in Tien Wah . Today Tien Wah closed at 2.13 RM or 205.53mil RM. 54% in SD = 45 mil (cash)
2. 13 cents from SAH or 57 mil (cash)
3. Sell off New Toyo investment properties ($25mil - market value as of 31 Dec 2011)

total cash = $127mil or 29 cents.

4. Then it is left with its own specialty paper business. say 5mil net profit or 1.1 EPS. P/E of 10 = 11 cents.


Add the 4 parts up will give 40 cents, not forgetting that 29 cents are pure cash ...
And has the current share price of Tien Wah factored in the redevelopment potential of the 2 large pieces of land (held by Tien Wah) at PJ section 13?

Of course, if someone else is buying over, then got to "touch up a bit" and sell at a MUCH higher premium....

http://sustainablepj.blogspot.com/2008/0...-plan.html


Section 13 Special Area Plan

Section 13 Special Area Plan prepared under the provision of Town and Country Planning Act, 1976 (Act 172) is on display from yesterday until 25/7/2008 for feedback and objections. Public and owners are invited to view the proposals in the plan and submit their views, if any. The plan was prepared with owners involvement since its inception. This is public participation in practice. Having said this, attendance from other stakeholders such as residents group was not prominently in sight during the launching ceremony presided by the Deputy mayor of MBPJ. Perhaps more will come forward after knowing the plan is on displayed now and we might have better in sight and constructive feedback.

The Plan envisions a business park for Section 13, transforming the present industry area into a business hub focusing on high technology, service oriented and financial activities. It is a proposal to value-added this strategically located area and to present a new and modern facade for PJ, long associated as a bedroom town for Kuala Lumpur. While new emerging activities and buildings are in sight, high volume of traffic and its impacts toward the surrounding area is anticipated. The influx of people to live, work, play and learn (the theme of the Pan) and vehicles to this tiny area will put extra pressure to the existing infrastructure. While capacity of the existing infrastructure need improvement, workable solution is to improve the public transport service within the area. Perhaps free ride should be provided for internal circulation, thus cutting down the need to travel with vehicles within the area. Alternatively, creation of a safe, pleasant and uninterrupted footpath network for pedestrian is of great help.

While land preoccupied by manufacturers now is proposed to be relocated elsewhere, the historical value of this place as the pioneer industrial area for PJ should not be discarded and forgot. It is important to record in writing the origin and contribution of this place towards the development of PJ. It is a pity if the history of this area is not properly archived.

Is Section 13 becoming a model for other industrial area in PJ or Malaysia? Its' success is very much depend on the partnership, participation and commitment from MBPJ, the land owners, the investors, the operators and of course the residents. Develops Section 13 for A Developed PJ is the key word. (Maju Seksyen 13, Petaling Jaya Maju)

---

http://www.theedgemalaysia.com/business-...on-13.html

http://www.starproperty.my/PropertyGuide.../21529/0/0

It is not a question of whether the value of residential property in Petaling Jaya will hit RM1,000 per square foot but it is a question of when.

And back in PJ Section 13, an industrial zone which has increasingly seen factories replaced by commercial properties, the latest phase of the Jaya One mixed development seem to be progressing well with only 15% of the 400 retail, residential and office units left for sale. Specifically, there 43 residential units, 16 office units and eight retail units still available.

Impact of Special Dividend on share price

We can look at San Teh for a reference on the impact of special dividend..
The trick is to buy before the news and dump at the top price range during the cum-dividend period....

http://www.nextinsight.net/index.php/sto...end-coming

http://sg.finance.yahoo.com/echarts?s=S4...=undefined;

Tye Soon is also another good example...
In fact, Tye Soon rose from below 20 cents to 29 cents when special dividend of 4.8 cents was declared…
Herd mentality and over-reaction serve as a good arbitrage opportunity…


From what I can see, the current New Toyo share price has not factored in any possibility of a special dividend.. ..
The spike will come sooner or later.. Those with patience will make the big bucks

I have always wanted to buy a few hundred more lots but not many big sellers out there...only small kuchi kura sellers of couple of lots...

Anyone selling to me?

(01-06-2012, 12:11 AM)Underdogger Wrote: [ -> ] Impact of Special Dividend on share price

We can look at San Teh for a reference on the impact of special dividend..
The trick is to buy before the news and dump at the top price range during the cum-dividend period....

http://www.nextinsight.net/index.php/sto...end-coming

http://sg.finance.yahoo.com/echarts?s=S4...=undefined;

Tye Soon is also another good example...
In fact, Tye Soon rose from below 20 cents to 29 cents when special dividend of 4.8 cents was declared…
Herd mentality and over-reaction serve as a good arbitrage opportunity…


From what I can see, the current New Toyo share price has not factored in any possibility of a special dividend.. ..
The spike will come sooner or later.. Those with patience will make the big bucks

How happened to the 1st batch of dividends from SAH?

Those Ah Tiong with no credibility keep delaying and delaying...

Is SAH is run by crooks with no credibility?...and will New Toyo be dragged down by this piece of Sh** ?

Cannot even get back their 34% share of SAH.....

http://info.sgx.com/webcoranncatth.nsf/V...A00355DD3/$file/SAH_Ann_110612.pdf?openelement

Latest cash balance out liao. Where is the $ - up to 50% payout? Now N Toyo Singaporeans at the helm - so difficult to payout meh?

As far as i'm concerned , both New Toyo and SAH have totally lost their credibility ....

Eventually their greed to make more money from whatever investment they have in mind might cost them dearly...

Greed is their greatest enemy

(11-06-2012, 06:30 PM)greengiraffe Wrote: [ -> ]http://info.sgx.com/webcoranncatth.nsf/V...A00355DD3/$file/SAH_Ann_110612.pdf?openelement

Latest cash balance out liao. Where is the $ - up to 50% payout? Now N Toyo Singaporeans at the helm - so difficult to payout meh?