TTJ Holdings

http://tubinvesting.blogspot.sg/http://tubinvesting.blogspot.sg/

(16-08-2016, 11:36 PM)money Wrote: Imagine if the boss says he needs to conserve cash and declares half a cent of dividend... the typical reasons will be brexit, lots of uncertainty, many countries have negative interest rates, future business prospects bad, need working capital for future business, etc, then this will become another valuetrap like hupsteel, singholdings, etc

Hmm... those stocks that you stated are all in my portfolio, including TTJ.

Let see how it goes.

Just wondering did you own these stocks previously and how long did you hold them? Maybe it can give me some perspective.

<vested>

http://tubinvesting.blogspot.sg/

(17-08-2016, 07:37 AM)dydx Wrote: If we adjust for and add the $0.08/share 'jumbo' FY15 dividend paid out in Dec15, TTJ at the last done share price of $0.385 is actually now trading at a level higher than its historical peak of $0.42 achieved on 20Jul16. If we include the total of the past 6 dividends (since Dec10) amounting to $0.121/share since TTJ's IPO in Apr10 at $0.20, the total return including cash dividends for long-term investor in TTJ has been very good and steady all these years.

I suppose many shareholders like me wouldn't mind being 'trapped' in this at all!

Let's look forward to another good dividend for FY16, as Mr Teo/TTJ continue with their track record of rewarding shareholders - which include Mr Teo himself as the largest shareholder - generously.

Yes! which makes me wonder why not Mr Teo just buy-out TTJ and keep all the cash for himself at this stage...  after-all, who can stop him? certainly not the remaining 15%...
TTJ does not need to be listed at all, enough cash/flow to keep themselves going for a long time...

Cheerios,

(17-08-2016, 09:42 AM)brattzz Wrote:

(17-08-2016, 07:37 AM)dydx Wrote: If we adjust for and add the $0.08/share 'jumbo' FY15 dividend paid out in Dec15, TTJ at the last done share price of $0.385 is actually now trading at a level higher than its historical peak of $0.42 achieved on 20Jul16. If we include the total of the past 6 dividends (since Dec10) amounting to $0.121/share since TTJ's IPO in Apr10 at $0.20, the total return including cash dividends for long-term investor in TTJ has been very good and steady all these years.

I suppose many shareholders like me wouldn't mind being 'trapped' in this at all!

Let's look forward to another good dividend for FY16, as Mr Teo/TTJ continue with their track record of rewarding shareholders - which include Mr Teo himself as the largest shareholder - generously.

Yes! which makes me wonder why not Mr Teo just buy-out TTJ and keep all the cash for himself at this stage...  after-all, who can stop him? certainly not the remaining 15%...
TTJ does not need to be listed at all, enough cash/flow to keep themselves going for a long time...

Cheerios,

I guess in this world a lot of things are more meaningful than mere money!!
Integrity and reputation are the foremost in my list.
Why makes people holding nose when thinking of your name just because few more millions by outsmarting your Minority Partners?

<vested>

i have never owned TTJ but have thought of doing so... i am just sharing my views that sometimes when expectations are too high, the unexpected event of boss teo being a miser can really screw up one's portfolio. And i thought the possibility of poor profits ahead in the profit/loss statement should be taken into account when one is valuing a company. And think about this, boss teo was generous in his 8 cents dividend because he wanted to buy over someone else's stake. Has he been kind to shareholders before that special dividend? Nope it was all the way miserable dividends no matter how good the business is

(17-08-2016, 09:54 AM)money Wrote: i have never owned TTJ but have thought of doing so... i am just sharing my views that sometimes when expectations are too high, the unexpected event of boss teo being a miser can really screw up one's portfolio. And i thought the possibility of poor profits ahead in the profit/loss statement should be taken into account when one is valuing a company. And think about this, boss teo was generous in his 8 cents dividend because he wanted to buy over someone else's stake. Has he been kind to shareholders before that special dividend? Nope it was all the way miserable dividends no matter how good the business is

Understood. I am not having high expectations. I think even if TTJ revert back to the norm. I will still be happy with it.

<vested>

http://tubinvesting.blogspot.sg/

The EPS (TTM) was 8.3 cents per share. The last Q performance should be better y-o-y. With assumption of 20% payout ratio, the dividend should be around 2 cents per share. I am expecting higher payout ratio, thus should be slightly higher than the 2 cents per share, IMO

(vested and waiting for the dividend announcement)

I'm more optimistic,

TTJ is already in a great situation, cash-pile, solid cashflows, 85% ownership by Boss Teo, I really cannot see any other logical options other than a total buy-out!

any logical owner will do the same! (some low-ballers of cos! )

Boss Teo can still be remembered as a generous/stingy person, by offer a premium/low-ball buy-price, say 40-60 cts!

Why pay sgx listing fees/cost?

http://sbr.com.sg/financial-services/new...ged-100000

haha!

(17-08-2016, 09:54 AM)money Wrote: i have never owned TTJ but have thought of doing so... i am just sharing my views that sometimes when expectations are too high, the unexpected event of boss teo being a miser can really screw up one's portfolio. And i thought the possibility of poor profits ahead in the profit/loss statement should be taken into account when one is valuing a company. And think about this, boss teo was generous in his 8 cents dividend because he wanted to buy over someone else's stake. Has he been kind to shareholders before that special dividend? Nope it was all the way miserable dividends no matter how good the business is

ya,

it was consolidating move...   totalling 85% ownership, pointing to 1 logical step next...all ur bases are mine!

(17-08-2016, 11:35 AM)brattzz Wrote: I'm more optimistic,

TTJ is already in a great situation, cash-pile, solid cashflows, 85% ownership by Boss Teo, I really cannot see any other logical options other than a total buy-out!

any logical owner will do the same! (some low-ballers of cos! )

Boss Teo can still be remembered as a generous/stingy person, by offer a premium/low-ball buy-price, say 40-60 cts!

Why pay sgx listing fees/cost?

http://sbr.com.sg/financial-services/new...ged-100000

haha!

In the same vein of argument, why would he list his company in the first place if every profitable company will always want to delist?

many hongkong property counters are also trading at 1/3 of net asset value but you see how many get delisted? It is market talk , market hype, look at wing tai , hobee, hiap hoe, all got so much market talk of delisting... Hiap hoe is a terrible company where despite all the redevelopment at balestier road, haha cant even make any profit for the past 6 months, if you buy into such companies, you are only indirectly subsidising the pay of the board of directors and the management.To be fair , i think boss teo's salary still look fair