New Toyo

what to do everyday it goes by Wall st. climb higher and higher, STI pennies other than NEW TOYO gets played up - waiting game is certainly no fund... fund park here could have find other trading opportunity.

Give up.... sell at 30cts. Bought 27.5 - good enough now. Keep some for regular dividend.

SAH is only worth 19.6 cents max....haha

(28-03-2012, 08:47 AM)Underdogger Wrote: SAH is only worth 19.6 cents max....haha

Bought some New Toyo shares today for its dividends.
1.94 cts per 30cts share =6.5 %. Future earnings look stable.

With the sales proceed from SAH at 13 cents (per share), special dividends should be what investors should be focusing on..

(28-03-2012, 02:44 PM)ken Wrote:

(28-03-2012, 08:47 AM)Underdogger Wrote: SAH is only worth 19.6 cents max....haha

Bought some New Toyo shares today for its dividends.
1.94 cts per 30cts share =6.5 %. Future earnings look stable.

Well, I would like them to dispense more dividends,but the company can choose not to.

There are quite a few cash rich companies out there, yet they did not declare more dividends. Some even took them private.

I am looking at their dividends policy. Hope they could put it in black and white, and declare 50% out of their nett profits.

That I would be very satisfied.

think people have started to realize that SAH does not worth 20 cents..
it is max 19.6 cents...

Wonder if there will be a mad rush to get out of SAH into New Toyo later...

haha

(28-03-2012, 04:17 PM)Underdogger Wrote: With the sales proceed from SAH at 13 cents (per share), special dividends should be what investors should be focusing on..

(28-03-2012, 02:44 PM)ken Wrote:

(28-03-2012, 08:47 AM)Underdogger Wrote: SAH is only worth 19.6 cents max....haha

Bought some New Toyo shares today for its dividends.
1.94 cts per 30cts share =6.5 %. Future earnings look stable.

Ken
New Toyo has consistently paid out a large portion of its profit. Chairman's statements in successive annual reports say that much.
New Toyo's latest profit of $19.8m was after hefty depreciation and amortisation of $12.7m.
Its principal subsidiary, Tien Wah, is also strong in cash generation. Its latest group profit of RM 37m was after depreciating and amortising RM 22m.

Hi Portuser,

My simple calculations,

2011 Earnings per share 4.51 cts.
2011 Dividends per share 1.94 cts.
Therefore, payout rate is about 43% of net profits, which is considered quite high.

If 50%, then dividends should be 2.25 cts.

Of course, dividends paid through cashflow has to be sustainable.

(just vested)

why dundos, maybe he knows something we don't.
SAH has said, remaining 1/2 of cash looking for new business to invest in.
If they RTO or buy over a business in MYANMAR.
it could rally to over 50c like yoma.

then New Toyo's stake in SAH will be worth even more.

(30-03-2012, 11:38 AM)Curiousparty Wrote: Some Dundos went to buy Shanghaiasia at 19.7 cents 100 lots..Good Luck

I agreed that the focus should be on New Toyo and not SAH...

How much further upside can be seen in SAH?
Also, I dont think SAH should go into RTO, etc...Most of the shareholders just want every single cent back asap. I believe New Toyo is also supportive of a full payout.