TTJ Holdings

So no ang bao dividends ah...
Seems like Mr teo is very far sighted

(10-09-2016, 12:21 AM)smallcaps Wrote: Wonder wat its going to invest in?

http://infopub.sgx.com/FileOpen/Announce...eID=420707

The Board of Directors of T T J Holdings Limited (the “Company”) is pleased to announce that the
Company has incorporated a new subsidiary in Singapore named T T J Green Energy Pte. Ltd.
(“TTJGE”) on 8 September 2016.

TTJGE has an issued and paid-up capital of S$1 comprising one (1) ordinary share and will be an
investment holding company. The Company holds 100% of the issued and paid-up share capital of
TTJGE.

Another Solar leasing business?
Seems to me that the construction companies herds are chasing the solar leasing & ppvc businesses.

If it is true, it can't be good!

it's a $1 paid-up company, looks like an setup for gov/EDB/SPRING/LTA/HDB grants, vertical veggie/eggs&chicken/fish/crab/goat milk, farms /green/solar/waste management kinda projects, another biz opportunity sir! :O

may not be significant, but have to do some "national service" to support gov's ministries initiatives to go green sir!

Increase profile too!

(10-09-2016, 06:34 AM)pianist Wrote: So no ang bao dividends ah...
Seems like Mr teo is very far sighted

still waiting patiently sir!

Hope Boss Teo give himself and us a good pat!

Results are out.

http://infopub.sgx.com/FileOpen/TTJ%20FY...eID=422488

Just a glanced of the financials. Better net profit. Current asset still strong.

Dividend of 1.7 Cents.

<Vested>

http://tubinvesting.blogspot.sg/

The company now has $ 80 million cash level..

(26-09-2016, 05:58 PM)TUBInvesting Wrote: Results are out.

http://infopub.sgx.com/FileOpen/TTJ%20FY...eID=422488

Just a glanced of the financials. Better net profit. Current asset still strong.

Dividend of 1.7 Cents.

<Vested>

http://tubinvesting.blogspot.sg/

What I saw was pipeline is down to 48 mio spread out over FY 17 and FY 18. But it looks like market is very confident in TTJ's ability to keep puling rabbits out of the hat.

Well it can be a good candidate to privatised..since netcash and very good management /balance sheet ..and the boss already control 85% of shares

Just wondering how do you rationalise a share price of $0.465 for a firm with a NAV of $0.3599 per share. Furthermore order books are significantly down at $48 million vis-a-vis $99 million at the same point of time last year. The icing on the cake is the dormitory business coming to an end in Jan17 with the replacement dormitory bearing a far smaller capacity (500 persons vs 5300 persons). Management seems to see the writing on the wall and so the focus now on pursuing opportunities in new areas of business. This seems to be quiet similar to the situation at CDW Holdings where the exisitng main line of business is in a decline and management is looking out for new areas to move into. The difference being TTJ is near 52 week highs while CDW is at 52 week lows. Will be interesting to see how the market continues to value TTJ...

My advice would be not to fixate on NAV per share. This business does not need a lot of capital to operate.  What it needs is good leadership with strong execution. This is what TTJ has. Assuming leadership stays able (no reason to assume otherwise) value it on over the cycle earnings power + true excess net cash. 

Nonetheless it is an orderbook driven business which will drive earnings lower as long as the market is weak. Id prefer TTJ to forego projects instead of taking on too much risk without a lot of return.