TTJ Holdings
28-11-2016, 08:11 PM
It is rather sad to see the posts quality has been degrading. It is mostly knowing the price of everything but the value of nothing. I guess refocusing on the value is critical for this forum to get back on its track
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
29-11-2016, 01:02 PM
(28-11-2016, 08:11 PM)ksir Wrote: It is rather sad to see the posts quality has been degrading. It is mostly knowing the price of everything but the value of nothing. I guess refocusing on the value is critical for this forum to get back on its track hi ksir, Thanks for the feedback. This forum is nothing without each and every "value" contributor to build the appropriate symbiotic conditions for the ecosystem to strive. Some action has been taken on the previous post to reflect the above message.
29-11-2016, 01:40 PM
(29-11-2016, 01:02 PM)weijian Wrote:(28-11-2016, 08:11 PM)ksir Wrote: It is rather sad to see the posts quality has been degrading. It is mostly knowing the price of everything but the value of nothing. I guess refocusing on the value is critical for this forum to get back on its track Thanks Weijian for the prompt action. I acknowledge and appreciate the Administrators' efforts in managing the forum (which I know could be pretty hectic). You guys are unsung value heroes. Thanks.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case". 
ok, let me try to add some value into this company,
 Took time-off today to attend TTJ's AGM at RSM office! very posh and nice, though sound system not soo good! good, strong turn-out of 100+ minor.shareholders,  Top 3 take-aways, 1) Invest in TTJ, equals to invest in Mr Teo (direct, experienced and steady control, Fire in belly still! )2) "Take care of bottomline", See who is the PAYMASTER for contracts (top 3 client) 3) Actively bidding for contracts, paya lebar airbase, T5, PPVC projs, and TTJ Green Energy Pte Ltd Issues discussed: Q1) Why no 8 cts dividends?? A1) Need CAPEX money for, 1) New Office BUILDING - whole block 2) Conversion of old office to 300pax Dormitory for TTJ's OWN use only. Own employee stay 3) No increase in ton output/year production capacity. Q2) Please discuss the dividends policy? why 1.7cts? (not 2 cts?) minor.shareholder say share went up to 47cts, then clash down to 38cts, he SHOULD HAVE SOLD!! hahaha! A2) No fixed policy, just a guide of 20+% of profits only. Q3) Order Book - Why No new projects???!!! :O A3) Plenty of public projects in the pipeline, actively bidding, BUT, must see PAYMASTER and BOTTOMLINE FIRST! A3) PPVC will be able to offer new growth as encourage by BCA/GOV (10-12 competitors) A3) Paya lebar Airport shifting / T5 / BlastDoors for SMRT..etc Q4) why do investment in equities? A4) Old investments, hope to achieve more returns than banks... beat >5%... Q5) Succession Plan? family member? A5) Introduce COO, Mr Soma A5) No family member in company. (Mr Teo's decision) Q6) Special Biz Question relating to No.7. Authority to allot and issue new shares Any plans for bonus share issues? Buy-outs offers, personal delist, exchange of shares with biz partners? A6) From time to time, offers are there, but NO intend to sell, no intent to issue bonus shares, or exchanges of shares. Mr Lim reply on behalf of Mr Teo. (due to possible conflict of interests...) Q7) SIAS Letter to Company, general questions, this letter and replies will be published via SGX. End of AGM, Coffee time, 30 mins, *tip:- always stay behind for kopi time, can ask many questions at boss directly!!* managed to speak to Mr Lim/Mr Leong/Mr Teo/Mr Soma/ Mr Rene (GM) Quite candid, 1) Mr Teo has got 1 daughter only, he is 61 yrs old, no intent to retire YET!! 2) BE VERY selective NOW, when bidding contracts, be careful 3) Share price at 47cts is still NOT high enough... haha! Quite a nice AGM, kinda enjoyed it, u must LIKE and TRUST Mr Teo, in order to invest in TTJ, else, it's better to just walk away.. Mr Lim, Lead ID, is also a very nice and experienced person, give him a LIKE!
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! (30-11-2016, 05:19 PM)brattzz Wrote: ok, let me try to add some value into this company, Nice sharing buddy. I attended the AGM last year when my shares are rather significant in my portfolio. Same feel, you gotta believe in him to pull the rabbits out the hat (but in case, i mean it is real effort and not magic trick). He has been focusing on bottom line for like forever which I really appreciate but the matter of fact is that other competitors are still bidding aggresively (no data on this, except that their order books shed some lights on). As much as I appreciated his candor and value, I was expecting the competitors to scale down (the very leveraged yongnam), but apparently that may not be the case. In PPVC, i am not so sure as well (being rather late in the game). I'd rather bet on BBR, whose ppvc would have more synergy with its construction & development businesses. <vested, reduced>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
30-11-2016, 05:51 PM
reason why i choose TTJ over Yongnam... is bcos of Mr Teo lah!
 hope u sold urs 47cts!! huat har!!
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!  (30-11-2016, 05:51 PM)brattzz Wrote: reason why i choose TTJ over Yongnam... is bcos of Mr Teo lah! nice report on AGM. I am more interested in the succession planning part since the business part is highly likely downwards for now (no way to get lucrative contracts in this type of competitive environment, especially if Singapore is going into recession.) Lol quite useless to ask about privatisation though, obviously with his stake now at 84.38%, that is all that is on his mind. He will wait till next year bad results out and share price down then he will do the usual share buy back that kind of things until he hit 90%. Order book is now ONLY 48 Million vs. revenue of 136m this year, no new order announced since I last posted, in fact non at all this year!!! Next year no more dormitory income also. For sure we gonna see revenue and profits plummet, Teo just have to drag it out If next year recession in SG, this counter is as good as delisted. I wouldn't be surprised if it dip as low as 30cents(or whatever net cash value is next year) , when the revenue crashes to sub 50million/quarter and losses start coming in next year. (PEC is a good example of what happens when the orderbook doesn't keep up) TTj will trade below net cash then and Teo will be able to easily privatise. Revenue and earnings has peaked for sure this year and there is no reason why TTJ should trade above it's NAV of ~36c now.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
"Lol quite useless to ask about privatisation though, obviously with his stake now at 84.38%, that is all that is on his mind. He will wait till next year bad results out and share price down then he will do the usual share buy back that kind of things until he hit 90%."
This part is quite valid, when the question was asked "offers to buy-out..etc.." there was some talk between Mr Teo and Mr Lim, apparently there is lah... Yes, now Mr Teo is cash rich, so yes! 84.38->90% @ $0.30 is easily reachable even though Mr Teo say NO retirement yet... Right now, the order books has to increase, Mr Teo has to deliver on that, and if he does, share prices will hold up.. so 30cts become smaller possibility... Let give Mr Teo some time for the order book, monitor! Special Biz Question relating to No.7. Authority to allot and issue new shares - This is interesting and setting the stage for something else, i'm guessing! TTJ does not need major OPEX to run the biz (like PEC) , think cash conservation is the main key now due to the poor economical sentiment.
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! 
07-12-2016, 07:06 PM
Updating ...
T T J Holdings Limited announced today that it has secured new contracts worth $12 million in Singapore and Malaysia. With these, the Group’s order book as at 07 December 2016 stands at $42 million The new projects, a few of which the Group has already commenced work, are expected to be substantially delivered between FY2017 to FY2018. In Singapore, T T J has secured another contract to supply and install the fixed gangway at Changi Airport Terminal 1, following its first Terminal 1 gangway project in October 2014. Separately, T T J has secured a contract to supply, fabricate and install structural steelwork at Choa Chu Kang Waterworks. The Group also clinched the job to supply a series of civil defence shelter doors for the MRT ThomsonEast Coast Line. Over in Malaysia, the Group won a contract from a repeat customer to supply, fabricate and install structural steelwork for the refinery and petrochemical integrated development project in Pengereng, Johor. This marks the third job T T J has won for this mega project in Pengerang, Johor.
Specuvestor: Asset - Business - Structure.
(07-12-2016, 07:06 PM)cyclone Wrote: Updating ... The quarterly result was out as well. This could be the 2nd last quarter with dormitory top and bottom line. They are now really swimming in cash!! The scenario of waiting for substantially lower profit in Q3 and Q4 to delist is still on track (just thinking out loud, hopefully it won't happen). It is really one-too-many of Spore Exchange's listed companies to have so many low ball delisting offers. Really hope that will not be what we associate Sgx with. <vested, reduced>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case". |
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