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27-04-2013, 10:11 AM
(This post was last modified: 28-04-2013, 08:37 PM by Stockerman.)
they are probably playing a game with shareholders... if you dont let us keep the money to buy new equipment for upgrade, New Toyo/Tien Wah will lose the edge to Amcor and company will be doomed...
Buying equipment in the best interest of company? will they get the best deals (best value for money) for company? no one knows...
Next week, New Toyo is VERY LIKELY drop back down to less than 30 cents as it is simply not sustainable to trade above 30 cents...
there is simply no fundamental basis
a. Losing SAH side of revenue/profit
b. No certainty of BAT renewal
c. Uncertainty over impact of plain packaging (chairman kept highlighting this pt a few times)
d. Unlocking of value of investment properties/properties - this is currently not core concern of company
e. playing the catch up game as company realizes that it is losing behind in terms of printing technologies. Amcor has been very aggressive in M&A and upgrading its technologies.
f. CFO who misquoted NAV
g. Chairman who did not know simple accounting rules
Posts: 596
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whoever keeps buying at 30 cents, someone will keep dumping
Posts: 596
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Joined: Apr 2012
BAT sales dropped sharply in Korean in 2012 - meaning less business for Tien Wah and New Toyo...
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Cigarette sales drop on weaker demand SEOUL, Jan. 21 (Yonhap) -- Sales of cigarettes in South Korea last year fell from a year earlier due mainly to an economic slowdown and widespread anti-smoking movements, industry data showed Monday.
According to the data, Ministop Korea, the local operator of the Japan-based convenience chain store, saw its cigarette sales fall 7.6 percent on-year in 2012.
Korea Seven Co. said cigarette sales at its 7-Eleven convenience stores dropped 4.3 percent on-year in 2012, and GS25 chains, run by local retail conglomerate GS Corp., saw tobacco sales dip 2.2 percent on-year.
Nearly half of cigarettes are sold through convenience stores in South Korea.
The sales decline was led by sluggish sales of foreign cigarettes amid a slump in the local economy, according to the data.
According to Korea Seven, its sales of foreign-brand tobacco products at 7-Eleven stores last year plunged 11.3 percent on-year, while local cigarettes sales rose 2.6 percent. It also said sales of foreign products accounted for 51.4 percent of its total cigarette sales last year, down 4.2 percentage points from the previous year.
In addition, British American Tobacco Korea Co. (BAT Korea) posted a 17 percent drop in its 2012 sales in South Korea, and Philip Morris Korea Inc. (PM Korea) saw its Korean sales slide 11.2 percent last year.
Market insiders attributed the sales drop to a recent price hike in foreign brands. BAT Korea raised the price of its best-selling Dunhill by nearly 8 percent in 2011 and PM Korea joined the move last year.
They also said a strict smoking ban in public areas and anti-smoking movements at workplaces have affected cigarette sales.
"A growing number of consumers tend to quit smoking or buy cheaper cigarettes due to the economic slump and the so-called well-being trend," said an industry official. "The tendency will likely continue in the new year."
Posts: 596
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there will be massive dumping later on when special dividend expectation wears off !
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30-04-2013, 11:17 AM
(This post was last modified: 30-04-2013, 11:19 AM by investright.)
yeah was quite surprised that you are a shareholder in this stock. was reading through the posts and realized 90% of the objections (quite frequently too - probably every 1-2 days?) from new toyo comes from you! haha
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these observations are gathered and deducted. if u dont believe, can check with other people at the AGM.
the new chairman looks like a clown with a pony tail behind...and full of craps..
a. Losing SAH side of revenue/profit
b. No certainty of BAT renewal
c. Uncertainty over impact of plain packaging (chairman kept highlighting this pt a few times)
d. Unlocking of value of investment properties/properties - this is currently not core concern of company
e. playing the catch up game as company realizes that it is losing behind in terms of printing technologies. Amcor has been very aggressive in M&A and upgrading its technologies.
f. CFO who misquoted NAV
g. Chairman who did not know simple accounting rules
Posts: 596
Threads: 6
Joined: Apr 2012
30-04-2013, 04:56 PM
(This post was last modified: 30-04-2013, 05:49 PM by Stockerman.)
Current price level is probably artificially supported by expectations of special dividends...it will come down to REALITY pretty soon when those bubbles of expectation prickled and many will be hurt...
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