TTJ Holdings

[karlmarx]

So today i was free and went to attend to TTJ's AGM,

Brief report of TTJ AGM - 28/11/2019, 2.30pm @ Wikiedge@RSM Chloe Meeting Room Level 3,
Crowd of 40+ pax, met 2 regulars seniors, long term shareholders since IPO at 20cts.
Direct, frank and honest management team, just ask your questions and they try to answer!

Good information here.

When a company has to pivot into another industry, the management must have considered that the long-term economics of its present businesses may no longer be as good as before. At least not good enough to be putting more capital into it.

The new business is likely to generate low ROA, may be slightly higher if they manage it efficiently. But being new to it, the likelihood of efficient management is not high. 

So most of its cash will likely be consumed by this new business, over the years. This means that it will have no cash, a possibly weak structural steel business, and an unproven biomass business. Shareholders will have to wait some time before seeing any possible contribution from their biomass plant.