New Toyo

it is anyone's guess what they are keeping the dividends for..

What can be more profitable than tobacco manufacturing?
probably the full cost of a pack of cigarette is only 20 cents (all costs in)...

On New Toyo, some friends asked me if at 28 cents, New Toyo is already over-valued too much since it has lost the SAH's stream of income.
Moreover, company has no announcment on what it intends to do with the dividends from SAH...

(25-09-2012, 10:06 AM)ken Wrote: I think,

Next week or later, they will just declare the announced payment date of the 0.008 cts dividend.

The price support level should be around $0.28.

I doubt they would declare a dividend even in the 3rd Q financial report, which is in Novevember.

(vested)

http://www.icij.org/node/460/exposed-how...ck-markets

During 2000 and 2001, a team of reporters from the International Consortium of Investigative Journalists broke a series of landmark stories exposing how leading tobacco companies worked with criminal networks to smuggle cigarettes around the world.


WASHINGTON, January 31, 2000 — More than 11,000 pages of documents from BAT and its subsidiaries, including the U.S. company Brown & Williamson, were analyzed over a six-month period by the International Consortium of Investigative Journalists (ICIJ), a project of the Center for Public Integrity in Washington, D.C. Part of a depository of about 8 million pages, the documents were selected based on region and subject matter. In some cases, the complete files on a specific country or individual were reviewed.


it is for the above reasons that some people avoided SIN counters altogether....

As can be seen, there is always no much volume for New Toyo - always the same 3 lots or 53 lots maybe from the same few person(s)...

(25-09-2012, 08:30 PM)Underdogger Wrote: it is anyone's guess what they are keeping the dividends for..

What can be more profitable than tobacco manufacturing?
probably the full cost of a pack of cigarette is only 20 cents (all costs in)...

On New Toyo, some friends asked me if at 28 cents, New Toyo is already over-valued too much since it has lost the SAH's stream of income.
Moreover, company has no announcment on what it intends to do with the dividends from SAH...

(25-09-2012, 10:06 AM)ken Wrote: I think,

Next week or later, they will just declare the announced payment date of the 0.008 cts dividend.

The price support level should be around $0.28.

I doubt they would declare a dividend even in the 3rd Q financial report, which is in Novevember.

(vested)

At least , I think this is one of the more decent companies that pays dividends quite consistently.

Look at those China companies that some of you throw out.

Cash overflowing their balance sheets, yet no dividends.
Value stocks ?
I dare not touch.

At least with the liquidation of Shanghai Asia,
New Toyo will be flushed with cash.

And as long as they do not mis-manage the cash,
the market will re-rate this stock.

Even without any external cash injection, New Toyo Group would probably be in net cash position in 2 to 3 Quarters' time (i.e. 6 to 9 months).

With the full liquidation of SAH, New Toyo will be flushed with additional $55mil of solid cash or approx 12.5 cents (on top of its existing cash)

As long as the cash is Not distributed out, the NAV will hover at around 36 cents. I think the company might be going BIG into some tobacco-related investment.

Well, emerging markets are offering very good opportunities. Let's see how this plays out. With their close working relationship with BAT, this is a cashcow company....

(26-09-2012, 12:56 PM)ken Wrote: At least , I think this is one of the more decent companies that pays dividends quite consistently.

Look at those China companies that some of you throw out.

Cash overflowing their balance sheets, yet no dividends.
Value stocks ?
I dare not touch.

At least with the liquidation of Shanghai Asia,
New Toyo will be flushed with cash.

And as long as they do not mis-manage the cash,
the market will re-rate this stock.

there was some spectulations that New Toyo might be going back to "tissue paper" business...

there was a huge loss back in 2001, in excess of $20mil. Full yr loss was more than $30mil or EPS loss of 15 cents!!!

those who bought at around 20 to 25 cents - better run off now with gain before company squanders all the dividends from SAH away...??

(27-09-2012, 08:12 PM)Stockerman Wrote: there was some spectulations that New Toyo might be going back to "tissue paper" business...

there was a huge loss back in 2001, in excess of $20mil. Full yr loss was more than $30mil or EPS loss of 15 cents!!!

With their "tissue paper" track record, no doubt that investors are holding back on this counter when other counters are already moving back up so much (e.g. Ausgroup, etc) in response to QE3...

(28-09-2012, 09:08 AM)Curiousparty Wrote: those who bought at around 20 to 25 cents - better run off now with gain before company squanders all the dividends from SAH away...??

(27-09-2012, 08:12 PM)Stockerman Wrote: there was some spectulations that New Toyo might be going back to "tissue paper" business...

there was a huge loss back in 2001, in excess of $20mil. Full yr loss was more than $30mil or EPS loss of 15 cents!!!

Tien Wah/New Toyo is going to benefit a lot

********

http://business.inquirer.net/70659/200-m...2%80%93bat

British American Tobacco will hold back its investments worth $200 million until the amended version of the excise tax reform law gets passed, company officials said in a briefing Thursday.

BAT, which produces the Lucky Strike, Dunhill, and Pall Mall cigarette brands, packed up and left the Philippine market in 2009, but came back in February this year hoping they could participate on a “level playing field” under the Aquino administration, general manager James Lafferty told reporters.

“We are back because of the change in administration,” Lafferty said. “We have announced the [investment] plan of … $200 million over five years. We will not pour the money in until excise tax reform is done. It’s contingent upon excise reform, so I think it will be very premature for me to start talking about locations or factories.”

BAT, Lafferty said, wants to compete with cigarette giant PMFTC, the merged entity of Philip Morris and Fortune Tobacco Corp. that has cornered 94 percent of the Philippine tobacco market.

“You have four other players sharing 6 percent of the market,” Lafferty said.

If the amended sin tax law gets implemented in 2013, BAT said it would go “all out” on investments in that year.

BAT is also considering manufacturing, and there will be a full study as well, Lafferty said.

“This is a big market. You have 7,107 islands, and we need to compete cost effectively,” he said.

Lafferty has already met with Trade Secretary Gregory L. Domingo and Undersecretary Cristino L. Panlilio, informing the Philippine officials that a change in the sin tax regime will allow new players to compete.

BAT supports the amended version of House Bill 5727, which aims to unify the tax system for tobacco and liquor and index taxes to inflation.

Under the current system, brands launched on or before 1996, including Fortune Tobacco, are permanently classified regardless of increases in net retail prices.

Half-year Dividend : $0.008
xd : 9 Oct
payable : 19 Oct