As explained much earlier, New Toyo NAV of 38 cents is historical and does not include the current market valuation of its investment properties as well as that owned by Tien Wah.
There is at least 8 cents of buffer and this is not taking into account the redevelopment potential of those lands. 8 cents = just sell at current market rate.
Plus $30mil or 6.8 cents of cash from SAH will go into New Toyo next week...
Super steal!
In a few months time, it should be around 45 to 50 cents
We will all wait and see
(21-06-2013, 03:52 PM)byfaith Wrote: [ -> ]price now at 0.29 , a steal ?
any comments ?
If New Toyo is a steal, there would have been mad buying by now...
New Toyo share of the capital reduction from SAH ($29mil) should be in by now...
Looking forward for the announcement of special dividend in the next few months ahead, probably in Q2 results in August
Cash level is now 50% of market valuation...
-------------------------
SAH announcement of capital reduction - probably no one bothers to read about this...
Notice is hereby given that the Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 20 June 2013 (the Books Closure Date) for the purpose of determining the entitlements of Shareholders to payment of an approximate amount of S$0.0973 per share in cash for each issued and fully paid-up ordinary share in the capital of the Company held as at Books Closure Date under the Capital Reduction.
Shareholders registered in the register of members of the Company and depositors whose securities accounts (Securities Accounts) maintained with the Central Depository (Pte) Limited (CDP) are credited with Shares as at 5.00 p.m. on the Books Closure Date will be considered for purposes of the Capital Reduction and the cash distribution relating to the Capital Reduction on the basis of the number of such Shares registered in their names or standing to the credit of their Securities Accounts as at the Books Closure Date.
By Order of the Board
Lee Wei Hsiung
Company Secretary
12 June 2013
haha only 2.28 cents of special dividends, after taking 12 cents (in all) from SAH...
this is super stingy management for you...
think New Toyo will drop all the way back to 25 cents....haha
Think before you post. Someone might have screenshot your earlier post before you modified it. Next time, please think before you post or you will get VB into unnecessary trouble.
Swee la, looking forward to the 2cent plus dividend.
Er... some buddies have been speculating a big payout based on the full realisation of SAH.
So how does 2.28 cents compared to previous analysis? Care to comment?
Based on other counters' experience - likely NToyo price will be up by 2.5 cents tomorrow.
Vested
Odd Lots
GG
shouldnt the share price be adjusted downwards from current level by 2.5 cents?
Those expecting big payout might be very disappointed indeed... Share price might adjust downwards by more than the special dividend amt.
The money is already part of New Toyo existing NAV to begin with. This is taking money from own pocket to pay oneself...
Dont think investors are so foolish?
Mr Market did not even want to price in the 2.28 cents of special dividend...now only 31.5 cents ...the volume is still very low...
this shows how much market interest there is in New Toyo!
just to add. The company used the word "interim special dividend". But this does not really mean that it is just the initial around of special dividend.
i have checked a few companies. this is just a reporting format since the dividend is given out mid-term and not after the end of the full FY.
Anyone else has any comments on this use of the word "interim special dividend"?
tks.
(03-07-2013, 07:46 PM)greengiraffe Wrote: [ -> ]Er... some buddies have been speculating a big payout based on the full realisation of SAH.
So how does 2.28 cents compared to previous analysis? Care to comment?
Based on other counters' experience - likely NToyo price will be up by 2.5 cents tomorrow.
Vested
Odd Lots
GG
I can't see how price is going to drop as long as Stockerman is still active in this thread and have not sold his shares.
if someone so negative in a company but yet not selling his shares, then why would those who are positive in the company sell their shares ???