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My takeaways from the AGM session a few moments ago:
Note: merely my interpretation, I could be very wrong.
1. Mr Tong thinks that it's now time to invest amidst the gloomy public or market opinions
They can't disclose the progress of deals they are on or looking at.
He reiterates the cash hoard and their willing to return the money to shareholder if they don't find good investment by end of the year.
My take is that it seems that they are likely have something already in their sleeve hence the situation of "wanna say but can't say".
But of course any deals can't be confirmed until it's finalized.
I personally speculate that it could be either an investment deal or deal on selling the current vacant (wasteful) industrial estate.
2. He reiterates that the 2 main business units are currently sustainable and hence the confidence of paying 1 cent every years from now on (at least until cash is needed for better deal).
3. He said that he views the company price as still undervalued.
Maybe he should buy more if so?
4. The company will not focus on any specific country or region.
Hence the world is their hunting ground.
But obviously they will not go to country they think they can't understand unless the deal is too attractive (obviously after due diligence).
He expects high return given the risk.
My take: Myanmar deal must be darn good for him to scoop it up.
Or merely speculation deal went lucky?
5. They focus on investment with good cashflows and not merely accounting profit.
As an example, he thinks they can get more profit from investing more money in paper unit (by buying better machines) but they won't unless the returns are high enough.
6. My personal take on Mr Tong as a candid big picture guy with big laugh and vision.
A person with self depreciating attitude and dare to make decision and take risk.
He thinks he is not that significant to the Company and it can run by itself given the strong foundation built.
<vested>
Note: merely my interpretation, I could be very wrong.
1. Mr Tong thinks that it's now time to invest amidst the gloomy public or market opinions
They can't disclose the progress of deals they are on or looking at.
He reiterates the cash hoard and their willing to return the money to shareholder if they don't find good investment by end of the year.
My take is that it seems that they are likely have something already in their sleeve hence the situation of "wanna say but can't say".
But of course any deals can't be confirmed until it's finalized.
I personally speculate that it could be either an investment deal or deal on selling the current vacant (wasteful) industrial estate.
2. He reiterates that the 2 main business units are currently sustainable and hence the confidence of paying 1 cent every years from now on (at least until cash is needed for better deal).
3. He said that he views the company price as still undervalued.
Maybe he should buy more if so?
4. The company will not focus on any specific country or region.
Hence the world is their hunting ground.
But obviously they will not go to country they think they can't understand unless the deal is too attractive (obviously after due diligence).
He expects high return given the risk.
My take: Myanmar deal must be darn good for him to scoop it up.
Or merely speculation deal went lucky?
5. They focus on investment with good cashflows and not merely accounting profit.
As an example, he thinks they can get more profit from investing more money in paper unit (by buying better machines) but they won't unless the returns are high enough.
6. My personal take on Mr Tong as a candid big picture guy with big laugh and vision.
A person with self depreciating attitude and dare to make decision and take risk.
He thinks he is not that significant to the Company and it can run by itself given the strong foundation built.
<vested>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
"The flowers that bloom in the spring, have nothing to do with the case".
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