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Yesterday was free, so i went to sit in for,
25/7/2019- Marriot Tangs THG AGM,
1) Jannie Tay attended the AGM!
2) HT confirms that THG is not for sale!
3) MT confirms that Thai JV is based on family to family links
4) Investor KC, said that THG has no stocks to sell at this branch! shortage of watches due to worldwide shortage!
5) FH properties holdings increase 2x!!
6) MT says not keen to go into online sales platforms
7) Jannie Tay say that PRE-OWN biz is NOT THG's core!
8) Jannie Tay say that THG's core is : STOCKs turnover, PEOPLE and MONEY ($160m)
9) Jannie Tay reminds the board that MT lose $40m in USA over GEMSTV...
10) Investor ask HT for dividend policies, HT say not fixed.
11) Investors ask for more dividends payout, and ask rights issues if THG needs the funds to expand later. HT ignored.
12) HT owns 12.6% of Cortina too.
My take-aways:
1) FMR is looking to accumulate a sizeable position
2) THG has got the cash power to further grow/investments
3) This biz is good and steady, as long as HT/MT does not make same mistakes again (GEMSTV...)
25/7/2019- Marriot Tangs THG AGM,
1) Jannie Tay attended the AGM!
2) HT confirms that THG is not for sale!
3) MT confirms that Thai JV is based on family to family links
4) Investor KC, said that THG has no stocks to sell at this branch! shortage of watches due to worldwide shortage!
5) FH properties holdings increase 2x!!
6) MT says not keen to go into online sales platforms
7) Jannie Tay say that PRE-OWN biz is NOT THG's core!
8) Jannie Tay say that THG's core is : STOCKs turnover, PEOPLE and MONEY ($160m)
9) Jannie Tay reminds the board that MT lose $40m in USA over GEMSTV...
10) Investor ask HT for dividend policies, HT say not fixed.
11) Investors ask for more dividends payout, and ask rights issues if THG needs the funds to expand later. HT ignored.
12) HT owns 12.6% of Cortina too.
My take-aways:
1) FMR is looking to accumulate a sizeable position
2) THG has got the cash power to further grow/investments
3) This biz is good and steady, as long as HT/MT does not make same mistakes again (GEMSTV...)
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!