29-04-2013, 11:30 PM
(26-04-2013, 08:04 PM)Stockerman Wrote: The outlook does not look good for New Toyo from the AGM today...which nav figures did he quote?
Management did not seem that confident that they would be able to renew the BAT contracts...
Amcor seemed to have overtaken Tien Wah/New Toyo in terms of printing technologies and Tien Wah/New Toyo have to play the catch up games in terms of technology upgrade (e.g. using high resolution camera to capture printing processes and aiming for ZERO ERROR by 2015, etc) there is NO CERTAINTY as to whether BAT will renew the contract...
This is the greatest downside risk for New Toyo/Tien Wah. Furthermore, there is also no certainty of special dividend with the final capital reduction of SAH...
CFO quoted the wrong NAV figures....Young Gary (chairman) did not know that investment properties are accounted for based on net book value (i.e. historical cost) in their books...
didn't know u r a shareholder in this counter...hmm..