Agreed with Underdogger.
The new health warning signs under plain packaging will be much bigger, which means using more colours and more expensive printing
And more revenues for printing companies.
If govt reduces the no of cigarettes to be sold in each pack, then it is even better
Many more smaller packs with bigger health warning signs...
http://www.theage.com.au/national/warnin...1d68z.html
http://www.guardian.co.uk/society/2012/j...g-activist
In an era of widespread bans on tobacco advertising, seductive packaging remains the last place where what Chapman calls "semiotic signalling" is maintained. Replace those colourful packets with nothing but a plain colour, the manufacturer's name and a
massive health warning, and many people will stop buying the premium brands, he argues.
http://buzzaurus.com/health/plain-cigarette-packaging/
Pls take a look at the new types of packaging
Triangular – looks to be much more complicated than the traditional box
The health regulator intent to develop a cigarette box shape that makes it less enticing to smokers might actually work to the advantage of printing companies…
More complicated shapes and design of boxes, more realistic colours needed for health warnings; cigarette sold in much smaller packets, etc
90% of Australian adult smokers say that they never decide on their brand at the point of sales, with only 1% saying that they always decide in the shop.
[Reference: Wakefield M, Germain D. Adult Smokers' Use of Point-of-sale Displays to Select Cigarette Brands, Australia New Zealand Journal Public Health 2006]
Plain Packaging has allowed the warning size to be further increased and allow for additional information elaborating on warnings and about smoking cessation to be printed on packs.
lets focus a bit here. I think whether the plain packaging is beneficial or not is an issue down the road.
The most immediate focus should be on when the SAH sale can be concluded and when New Toyo will receive the money.
after that then how much of this are they returning to share holders.
a 5-6c return of capital will be attractive enough for New Toyo to see 40c again.
moreover, with the snail pace of things happening in Australia, and with governments changing as often as changing underwear.
I do not think this plain packaging issue will come into play anytime soon.
Anyway, we can raise this issue to get more clarification for the management in the coming agm.
why speculate at this stage ?
The sale of aluminium foil businesses was finalised on 23 Feb 2012, and the money should be on its way to SAH. (SAH's announcement indicates a 20-working-day deadline, but it is unclear when the clock started clicking.) The sale of cigarette box printing business is still in progress, but the amount is negligible.
Shareholders of Shanghai Asia should urge the company to cease looking for a new business, and pay out the sale proceeds expeditiously. Venturing into a new business is fraught with risks.
Shareholders of New Toyo should also urge New Toyo to prevail upon Shanghai Asia.
The sale of aluminium foil businesses was finalised on 23 Feb 2012, and the money should be on its way to SAH. (SAH's announcement indicates a 20-working-day deadline, but it is unclear when the clock started clicking.) The sale of cigarette box printing business is still in progress, but the amount is negligible.
Shareholders of Shanghai Asia should urge the company to cease looking for a new business, and pay out the sale proceeds expeditiously. Venturing into a new business is fraught with risks.
Shareholders of New Toyo should also urge New Toyo to prevail upon Shanghai Asia.
The longer money is left with SAH, the more risk New Toyo face.
SAH should be forced to put the proceed in Spore bank and Spore law firm as the Co. is a Spore entity.
Agree New Toyo boss should press on with SAH board for early dispensation of all proceeds.
Watch what you say. I would prefer that you rephrase your words, quickly. Hope you were aware of the implications of defaming people.
Valuebeliever
The money from SWP will be remitted to Singapore, to SACPL's account:
"Upon registration with SAIC, the SWP Acquisition will close. On SWP Closing, SWP and SACPL shall immediately commence the procedures required under the applicable laws and regulations of the PRC to ensure that SACPL can remit the SWP Aggregate Consideration (net of capital gain tax to be deducted by SWP) from the Designated Account to an account designated by SACPL (such remittance to be completed within 20 working days after the completion of the procedures of foreign exchange notification registration for the SWP Target Companies)."
Wow looks like New Toyo knows what they were doing all along. They bought Tien Wah, SAH and probably with the new cash after SAH sale, they might as well use it to buy something cheap?
Look a Tien Wah, making big bucks already, 1/2 year already achieved full year profit. If dividend pay out from Tien Wah flows is just as consistent, New Toyo can well afford to raise their dividend.
Bloomberg has a article from China national cigarette Co. I didnt know they are so profitable. With SAH sale, guess New Toyo can only rely on Vietnam as a big bet. Another big smokers market. Guess Shanghai special papper division still got a long way to go in terms of revenue contribution. Currently most of these revenue are going thru the HK arm.
New Toyo had its fair share of misadventure. Its corrugated containers business turned out to be unprofitable, and was lopped off several years ago.
The specialty papers business is not faring too well -- profit from this segment declined from $7.6m in 2010 to $5.6m in 2011.
Fortunately, the printed cartons segment has powered on, after buying enough equipment and improving work processes.