New Toyo

Later Yen family turn the table around and privatised the co on the cheap - worst than roti prata... kanna fried both sides... lol...

(15-05-2014, 08:12 PM)Curiousparty Wrote: Agreed!...should start a shorting strategy for this counter

(15-05-2014, 04:12 PM)greengiraffe Wrote: told u many times over - company's track record has been dotted with plenty of ?????

need not spend too much time analysing - if they can't convince you they will confuse you.

Trouble is they never even attempt to convince u in recent years...

Vested
1000 shares
GG

Agreed that company lacked credibility ever since the TISSUE PAPER INCIDENT.

Will the key minority shareholders allow Mr Yen to privatize on the cheap? Yen family can try their luck to privatize at 20 cents. If this can go thru at AGM, this must be one of the greatest jokes of the century....

Well, there is another school of thought. the rapid deterioration of New Toyo's profit margin might force the Yen family to dispose of it to a bigger printer group who can reap synergies from consolidation of printing volumes from BAT and PMI.

(caveat emptor)

(15-05-2014, 08:25 PM)greengiraffe Wrote: Later Yen family turn the table around and privatised the co on the cheap - worst than roti prata... kanna fried both sides... lol...

(15-05-2014, 08:12 PM)Curiousparty Wrote: Agreed!...should start a shorting strategy for this counter

(15-05-2014, 04:12 PM)greengiraffe Wrote: told u many times over - company's track record has been dotted with plenty of ?????

need not spend too much time analysing - if they can't convince you they will confuse you.

Trouble is they never even attempt to convince u in recent years...

Vested
1000 shares
GG

The results of tien wah and new toyo will be adversely affected during this period of transition where part of the operations is transferred from a high cost base ( Australia ) to a much lower cost base ( Vietnam) . Hence it was surmised that there could be some down time during this period . But once the machine is up and running in Vietnam, there will be lots of cost savings and Tien Wah and New Toyo MIGHT come roaring back in Q3 and Q4. Whether this scenario materials remains to be seen ...

Is plain packaging taking its toll on Tien Wah and hence New Toyo?


********
http://www.packagingnews.co.uk/news/plai...oundtable/

What are the risks to packaging manufacturers of potential plain pack rules?
Central to the discussion was the likely impact on the businesses of packaging manufacturers of any plain packaging legislation. Here, there were a range of concerns, ranging from the impact of a possible and counterfeiting to hits to volumes and profitability.
Mike Ridgway, who represents and lobbies on behalf of a group of seven packaging manufacturers in the tobacco market, explained: “From a manufacturing point of view, it significantly reduces the added value opportunities; and there is a reduction in packaging materials. This has an impact on profitability, employment, future investment and so on.”

Essentra head of marketing Simon Wildash argued that an example of a direct impact would be that printed tear-tape – a major product for his company – may potentially be banned from tobacco packaging under plain pack legislation. “’So we would potentially have to sell a plain tear tape, taking value and complexity out of the product; and if the illicit trade does increase, as is a concern and potential consequence of this type of regulation, then it would also lead to declining sales of sophisticated packaging, impacting on the industry.”

There was a huge selling order of 1000 lots being placed at 30 cents...

Could it be fallout from riots in Vietnam is impacting on New Toyo/Tien Wah's operations?
(i.e. Misfortunate might be befalling on New Toyo/Tien Wah soon?)

Or someone was deliberately trying to cap New Toyo's price from rising?

or someone is just trying to create a "fake sell" on the hope that someone will dump the shares, only to be picked up on the cheap by these fakers later on? [Can we ask SGX investigate on this unusual trading pattern?]

From my point of view, the selling off of 1000 lots doesn't seem unusual mainly because of the Vietnam issue and the fear of wide spread plain tobacco packaging. Even though, the plain packaging is less likely to affect the less developed countries in the near future which also form the bulk of revenue tobacco company generate from; or governments which rely heavily on tobacco for income.

If investors feel that New Toyo is a still a valued buy they should be more than happy to capitalize on this opportunity to accumulate shares.

probably, tomorrow we might see more extensive sell down of New Toyo all the way down to 25 cents and below...

(20-05-2014, 11:03 PM)Pursuitofknowledge Wrote: From my point of view, the selling off of 1000 lots doesn't seem unusual mainly because of the Vietnam issue and the fear of wide spread plain tobacco packaging. Even though, the plain packaging is less likely to affect the less developed countries in the near future which also form the bulk of revenue tobacco company generate from; or governments which rely heavily on tobacco for income.

If investors feel that New Toyo is a still a valued buy they should be more than happy to capitalize on this opportunity to accumulate shares.

Finally some really good news for New Toyo!

Given the deteriorating Tien Wah’s performance, New Toyo’s board has decided to put one of its key personnel there…

Another news is that ex-BAT Asia Pacific Head of Supply Chain will be introduced into New Toyo’s Board. This will further cement the relationship between New Toyo and BAT, possibly paving the way for New Toyo/Tien Wah to take on more printing jobs for BAT's aggressive expansion in the Asia Pacific region (especially the Philippines, Korea, Japan, Myanmar, etc.)

*******
James Anthony Campbell (61 yrs old)
Head of Supply Chain for British American Tobacco (Australasia) 2003 - 2006. Responsible for Procurement of Raw Materials, Shipment of Raw Materials and Distribution of Finished Goods. Regional Head of Procurement Asia Pacific for British American Tobacco (Asia Pacific) 2005 - 2010. Responsible for all Procurement Contracts and Supply of Direct Materials and Indirect Goods and Services used by the Company across Asia Pacific and member of the Strategic Global Procurement Team that sets Global Procurement Strategy for British American Tobacco Plc.

Before the BAT contract, New Toyo equity was around $100mil. After gaining control of BAT contract equity increased to around $160mil (up to today). A 60% jump. But there is a CATCH.

Equity per share or roughly NAV has remained the same pre and post BAT contract.
Pre-BAT contract
2005 - 35.34 cents
2006 - 34.61 cents
2007 - 38.90 cents
Pre-BAT contract, Ave NAV = 36.3 cents

fast forward (post- BAT contract)
2011 - 36.49 cents
2012 - 36.57 cents
2013 - 35.64 cents
Post-BAT contract, Ave NAV = 36.2 cents


Based on NAV, there is in fact NO shareholder value creation from the BAT contract (IMHO).

Aiya,

U still haven't see broken on Toyo meh...

At least they still pay decent dividends on top of milking the company for admin and directors' salary. Not so bad lah...

GG

(20-07-2014, 10:06 AM)Curiousparty Wrote: Before the BAT contract, New Toyo equity was around $100mil. After gaining control of BAT contract equity increased to around $160mil (up to today). A 60% jump. But there is a CATCH.

Equity per share or roughly NAV has remained the same pre and post BAT contract.
Pre-BAT contract
2005 - 35.34 cents
2006 - 34.61 cents
2007 - 38.90 cents
Pre-BAT contract, Ave NAV = 36.3 cents

fast forward (post- BAT contract)
2011 - 36.49 cents
2012 - 36.57 cents
2013 - 35.64 cents
Post-BAT contract, Ave NAV = 36.2 cents


Based on NAV, there is in fact NO shareholder value creation from the BAT contract (IMHO).