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(30-09-2015, 09:43 AM)CityFarmer Wrote: (30-09-2015, 12:28 AM)smallcaps Wrote: Seems there is the possibility that the 5.277 mil shares (1.5%) sold to CEO came from the free float? And it matches exactly with the shares sold by THI to form 60mil shares. Does it mean the seller holding on to more shares and might be accumulating more? Quite worrying, if that's the case, I think we are left with around 4.8% (16.8 mil shares) to go before the free float goes below 10%.
There are existing stocks, with similar free-float and surviving well in SGX. I pick few which are well-known in this forum, with % rounded.
Cogent : 15%
Straco : 14%
Neo Group : 14%
(vested, and concerning on the lower free-float, but not worrying) Also depends on how much shares the Filler seller was holding in the first place. If was holding just below 5% then left with 1.3% to go before no free float. Hopefully volume takes a sabbatical again...
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(01-10-2015, 09:33 AM)smallcaps Wrote: (30-09-2015, 09:43 AM)CityFarmer Wrote: (30-09-2015, 12:28 AM)smallcaps Wrote: Seems there is the possibility that the 5.277 mil shares (1.5%) sold to CEO came from the free float? And it matches exactly with the shares sold by THI to form 60mil shares. Does it mean the seller holding on to more shares and might be accumulating more? Quite worrying, if that's the case, I think we are left with around 4.8% (16.8 mil shares) to go before the free float goes below 10%.
There are existing stocks, with similar free-float and surviving well in SGX. I pick few which are well-known in this forum, with % rounded.
Cogent : 15%
Straco : 14%
Neo Group : 14%
(vested, and concerning on the lower free-float, but not worrying) Also depends on how much shares the Filler seller was holding in the first place. If was holding just below 5% then left with 1.3% to go before no free float. Hopefully volume takes a sabbatical again...
The answer seems obvious, by looking at top 20 shareholder list. The party was likely holding slightly more than 1.5%.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(01-10-2015, 09:49 AM)CityFarmer Wrote: (01-10-2015, 09:33 AM)smallcaps Wrote: (30-09-2015, 09:43 AM)CityFarmer Wrote: (30-09-2015, 12:28 AM)smallcaps Wrote: Seems there is the possibility that the 5.277 mil shares (1.5%) sold to CEO came from the free float? And it matches exactly with the shares sold by THI to form 60mil shares. Does it mean the seller holding on to more shares and might be accumulating more? Quite worrying, if that's the case, I think we are left with around 4.8% (16.8 mil shares) to go before the free float goes below 10%.
There are existing stocks, with similar free-float and surviving well in SGX. I pick few which are well-known in this forum, with % rounded.
Cogent : 15%
Straco : 14%
Neo Group : 14%
(vested, and concerning on the lower free-float, but not worrying) Also depends on how much shares the Filler seller was holding in the first place. If was holding just below 5% then left with 1.3% to go before no free float. Hopefully volume takes a sabbatical again...
The answer seems obvious, by looking at top 20 shareholder list. The party was likely holding slightly more than 1.5%. How to figure that out? Thought Filler seller would probably hide behind nominee account(s)...
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(29-09-2015, 10:30 AM)BlueKelah Wrote: Haha already said liao loh, delisting coming loh. Where got so good share the 8 cent with opmi, past few years div so little should know this towkay is chao kuan one loh.
After xd let the share price go down he can delist cheap cheap, especially now market worsening.
sent from my Galaxy Tab S Like that Warren Buffett also sibeh chao kuan leh, I wonder those who invested in Berkshire Hathaway for the past decades are right!
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If CEO had gotten 85%, that means he need to buy out the remaining 15%.
With 8 cents dividend per share, he can used all the dividend he collected to buy out the remaining 15% at 45 cents.
Don't think he will be so generous though. Maybe after ex-dividend he will at most offer 35 cents to delist the company.
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There is no need to declare special div (to boast the share price) to gather funding for delisting purpose, towkay can privatise the core business by entering SPA with TTJ, see how Longcheer's towkay did it without needing much fund.
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(01-10-2015, 10:27 PM)valuebuddies Wrote: There is no need to declare special div (to boast the share price) to gather funding for delisting purpose, towkay can privatise the core business by entering SPA with TTJ, see how Longcheer's towkay did it without needing much fund.
This stock should worth more than 37 cents.
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(07-10-2015, 02:23 PM)Tcc Wrote: (01-10-2015, 10:27 PM)valuebuddies Wrote: There is no need to declare special div (to boast the share price) to gather funding for delisting purpose, towkay can privatise the core business by entering SPA with TTJ, see how Longcheer's towkay did it without needing much fund.
This stock should worth more than 37 cents.
the same could be said for many other stocks.
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TTJ order book is very healthy with the new contracts secured. The biz is back to norm...
(vested)
Structural steel specialist T T J wins $31 million in steelworks projects; builds order book to $130 million
SINGAPORE – 15 October 2015 – T T J Holdings Limited (“T T J” or together with its subsidiaries, the
“Group”) announced today that it has secured structural steelworks contracts for a series of projects in
Singapore totalling $31 million.
These new orders follow closely on the heels of its announcement of $16 million worth of new projects
awarded to the Group last month, pointing to the Group’s healthy order book build-up. Expected to be
substantially completed between FY2016 and FY2017, these new jobs boosts T T J’s order book to $130
million as at 15 October 2015.
...
http://infopub.sgx.com/FileOpen/TTJ%20secures%20$31M%20new%20contracts%20-e%2015.10.15.ashx?App=Announcement&FileID=373640
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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15-10-2015, 10:06 PM
(This post was last modified: 15-10-2015, 10:07 PM by ksir.)
(15-10-2015, 08:39 PM)CityFarmer Wrote: TTJ order book is very healthy with the new contracts secured. The biz is back to norm...
(vested)
Structural steel specialist T T J wins $31 million in steelworks projects; builds order book to $130 million
SINGAPORE – 15 October 2015 – T T J Holdings Limited (“T T J” or together with its subsidiaries, the
“Group”) announced today that it has secured structural steelworks contracts for a series of projects in
Singapore totalling $31 million.
These new orders follow closely on the heels of its announcement of $16 million worth of new projects
awarded to the Group last month, pointing to the Group’s healthy order book build-up. Expected to be
substantially completed between FY2016 and FY2017, these new jobs boosts T T J’s order book to $130
million as at 15 October 2015.
...
http://infopub.sgx.com/FileOpen/TTJ%20secures%20$31M%20new%20contracts%20-e%2015.10.15.ashx?App=Announcement&FileID=373640
The order book crisis seems to be over for now. Next will be the margin. The ultimate surprise will be the renewal of the dormitory at reasonable price. From its previous dormitory experience, it's very unlikely to get renewed.
<vested, added more recently>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
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