TTJ Holdings

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https://laymaninvesting.blogspot.com/202...offer.html

Wrote a post regarding the matter. For the sake of brevity and due to the use of tables, I would just include the first few paragraph:

This post attempts to fulfill two objectives. First, it seeks to demonstrate that the value in TTJ ("company"), even when conservatively considered, is leaps and bounds higher than the conditional cash offer. The exercise does not involve by plainly looking at the Net Asset Value stated in their books, but a practical and simple way of assessing things.

The second, is how I felt about the whole situation, what one should realistically expect as a shareholder, and what I had learnt from this episode.

Back of the envelope valuation of TTJ

As we go along, keep in mind, the offer from THC Ventures is 0.23$ a share, or a total consideration (for 349.5m shares), 80.385m.

The value of TTJ are primary in 3 areas, liquid assets, properties, and the structural steel business.

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https://laymaninvesting.blogspot.com/202...offer.html
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I don't think SIC will even bother, it's a known loop-hole over the years and shrewd bosses will definately maximises it, i don't see why TTJ's boss Teo should be any indifferent to it.. Big Grin Big Grin Big Grin 
(26-05-2022, 10:50 AM)dydx Wrote: What Mona Sabnani wrote is spot on! SIC should be looking into his pointers.


(26-05-2022, 10:50 AM)dydx Wrote: What Mona Sabnani wrote is spot on! SIC should be looking into his pointers.


(26-05-2022, 10:50 AM)dydx Wrote: What Mona Sabnani wrote is spot on! SIC should be looking into his pointers.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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