New Toyo

[cyclone]

Cessation of Production at Sen Yang Enterprise Co., Ltd

New Toyo International Holdings Ltd announced that its subsidiary, Sen Yang Enterprise Co., Ltd (“Senyang”), will cease production of tissue paper by 15 September 2019 (“Proposed Cessation”). Senyang would however continue with the trading of tissue paper products.

Senyang leased a tissue paper mill in Xiamen, The People’s Republic of China and the operation has been incurring losses. Pursuant to a group strategic review amid global trade tensions, the Board does not expect the performance of Senyang to improve significantly in the near future. The Board believes that the non renewal of the lease for the tissue paper mill and cessation of the production of tissue paper is in the best interest of the Company.

More details in https://links.sgx.com/FileOpen/NTIH_Cess...eID=577084

[tiongkokgor]

New Toyo will pay 0.6 cents per share in Oct 2020 as interim dividend.

FY2019 final dividend was 0.9 cents per share. Will this be repeated for FY2020?

Can they continue to pay dividends of 1.5 cents per share a year beyond FY2020?

[BlueKelah]

New Toyo will pay 0.6 cents per share in Oct 2020 as interim dividend.

FY2019 final dividend was 0.9 cents per share. Will this be repeated for FY2020?

Can they continue to pay dividends of 1.5 cents per share a year beyond FY2020?

They have already sold off the loss making business (although at a bad time, just when covid hit and toilet paper business skyrocket!). Now remaining business less revenue but still good profits. Made 1c in 1H20 so should be 2c if not more all things staying stable for rest of 2H20. so div payout should be no problem and sustainable.

However they have   60m debt vs 42m cash which i am not happy about at all. Should pay off as much debt as possible.

[¯|_(ツ)_/¯]

New Toyo@21

The Company has entered into a share sale agreement (“SSA”) with Nupro Investment Pty Ltd (“Buyer”) to sell all the shares in its wholly-owned subsidiary in Australia.

The estimated net proceeds from the Proposed Disposal (after deducting estimated transactional expenses of approximately SGD62,000) is SGD4,775,000 ("Net Proceeds"). The Net Proceeds represent an excess of SGD2,518,000 over the net book value of NTAD. The expected gain (net of tax) to the Company arising from the Proposed Disposal is approximately SGD1,712,000.
https://links.sgx.com/FileOpen/ntih-ntad...eID=673334


Stay home and stay safe, everyone.