(24-08-2012, 11:07 PM)pianist Wrote: [ -> ] (24-08-2012, 10:51 PM)Underdogger Wrote: [ -> ]this is not first time.. It has been mentioned before.. Pls check out past announcements...
waste so much legal fees , etc....in the end, if nothing happens, "I dont know what to say"...
Sounds familiar..
have they paid the interim dividend of 80++ million to shareholders?
Huh? I always thought that SAH will definitely return all the cash, isnt that a winding down company supposed to do. The question is more of what New Toyo will do with the dividends it receives? Will in reinvest the money into other assets, or will it return them to the shareholders of New Toyo.
It seems like the management is inclined to channel the money somewhere else though (dunno what), when it was mentioned they seek to redeploy the money to seek further growth (in the annual report?).
the problem is that which sector are they familar with?
dont think we want another "Tissue Business" incident....
if risky and high potential of losing money, better to return all to shareholders...
(25-08-2012, 01:25 AM)l0nEr Wrote: [ -> ] (24-08-2012, 11:07 PM)pianist Wrote: [ -> ] (24-08-2012, 10:51 PM)Underdogger Wrote: [ -> ]this is not first time.. It has been mentioned before.. Pls check out past announcements...
waste so much legal fees , etc....in the end, if nothing happens, "I dont know what to say"...
Sounds familiar..
have they paid the interim dividend of 80++ million to shareholders?
Huh? I always thought that SAH will definitely return all the cash, isnt that a winding down company supposed to do. The question is more of what New Toyo will do with the dividends it receives? Will in reinvest the money into other assets, or will it return them to the shareholders of New Toyo.
It seems like the management is inclined to channel the money somewhere else though (dunno what), when it was mentioned they seek to redeploy the money to seek further growth (in the annual report?).
(25-08-2012, 01:53 AM)Underdogger Wrote: [ -> ]the problem is that which sector are they familar with?
dont think we want another "Tissue Business" incident....
if risky and high potential of losing money, better to return all to shareholders...
(25-08-2012, 01:25 AM)l0nEr Wrote: [ -> ] (24-08-2012, 11:07 PM)pianist Wrote: [ -> ] (24-08-2012, 10:51 PM)Underdogger Wrote: [ -> ]this is not first time.. It has been mentioned before.. Pls check out past announcements...
waste so much legal fees , etc....in the end, if nothing happens, "I dont know what to say"...
Sounds familiar..
have they paid the interim dividend of 80++ million to shareholders?
Huh? I always thought that SAH will definitely return all the cash, isnt that a winding down company supposed to do. The question is more of what New Toyo will do with the dividends it receives? Will in reinvest the money into other assets, or will it return them to the shareholders of New Toyo.
It seems like the management is inclined to channel the money somewhere else though (dunno what), when it was mentioned they seek to redeploy the money to seek further growth (in the annual report?).
i see..so it has not been distributed since mid last year? one year passed...
(25-08-2012, 10:53 AM)pianist Wrote: [ -> ]i see..so it has not been distributed since mid last year? one year passed...
Huh? what one year has passed? I thought SAH was only winded down this year?
(26-08-2012, 02:30 AM)l0nEr Wrote: [ -> ] (25-08-2012, 10:53 AM)pianist Wrote: [ -> ]i see..so it has not been distributed since mid last year? one year passed...
Huh? what one year has passed? I thought SAH was only winded down this year?
The first batch of money is on the way from SAH to New Toyo
If New Toyo pays out every single cent of it , it will be approx 5.5 cents
if every single cent of $54mil is returned, it will translate into approx 12cents of New Toyo shares
(25-08-2012, 01:25 AM)l0nEr Wrote: [ -> ] (24-08-2012, 11:07 PM)pianist Wrote: [ -> ] (24-08-2012, 10:51 PM)Underdogger Wrote: [ -> ]this is not first time.. It has been mentioned before.. Pls check out past announcements...
waste so much legal fees , etc....in the end, if nothing happens, "I dont know what to say"...
Sounds familiar..
have they paid the interim dividend of 80++ million to shareholders?
Huh? I always thought that SAH will definitely return all the cash, isnt that a winding down company supposed to do. The question is more of what New Toyo will do with the dividends it receives? Will in reinvest the money into other assets, or will it return them to the shareholders of New Toyo.
It seems like the management is inclined to channel the money somewhere else though (dunno what), when it was mentioned they seek to redeploy the money to seek further growth (in the annual report?).
well, like what big tobacco makers do, New Toyo can use some of the cash distribution to do share repurchase in open market and this will increase the NAV of the company.
It has about $31mil (Cash & cash equivalent, as of End June 2012) plus $54mil (coming from SAH). Stock repurchase is one of the best ways to reward shareholders and at the same time, provide liquidity to the market
E.g. total cash distribution from SAH = 12 cents.
use 6 cents to do cash buyback to increase NAV by 6 cents and then payout 6 cents back to Shareholders.
This way, NAV will remain stable at the current 36 cents .
Comments pls?
To do a share buyback, New Toyo would need to seek a mandate from shareholders. Currently it does not have that mandate.
How long does it need to seek a mandate?
(27-08-2012, 10:31 AM)Sfsh12 Wrote: [ -> ]To do a share buyback, New Toyo would need to seek a mandate from shareholders. Currently it does not have that mandate.