Posts: 2,966
Threads: 71
Joined: Sep 2010
Reputation:
52
Who in the right mind would want to go short on a counter like TTJ?! The fact that TTJ has remained an illiquid counter during most of the past year - and the share price has remained steady and even trended upwards since end-Aug13 - is a clear indication that most of the 349.8m outstanding issued shares are already tightly held by likely longer-term oriented investors.
I suppose this is not at all surprising. Just based on the dormitory asset alone, shareholders can reasonably expect TTJ to realise close to $38.0m (based on the derived $10.844m aftertax FCF realised in FY13 ended 31Jul13) in aftertax FCF - or approx. $0.092/share - from Aug13 till Jan17. Factoring out the depreciation of its remaining written-down NBV at $8.43m (as at 31Jul13) of this asset, earnings from the dormitory asset alone is expected to raise TTJ's NAV/share by approx. $0.0844 till Jan17. I guess we should always remember that the above 'cash-cow' earnings and FCF are before counting any contribution to earnings and FCF from TTJ's well-established structural steel business, which is also expected to grow and do well in the foreseeable future.
Posts: 2,966
Threads: 71
Joined: Sep 2010
Reputation:
52
TTJ's shareholders and investors should take note of the contents in today's (18Dec13) announcement…..
infopub.sgx.com/FileOpen/ResponseToSGXQueries18Dec2013.ashx?App=Announcement&FileID=268143
Indeed, TTJ is a well-established business.
Posts: 2,966
Threads: 71
Joined: Sep 2010
Reputation:
52
Since TTJ went 'XD' on 3Dec13 for the $0.009/share FY13 Final dividend, the counter came off from $0.31 (closing price on 2Dec13) and hit a low of $0.28 momentarily on 6Dec13, and has since edged up steadily and hit $0.31 again this morning (30DEc13). So if we include the $0.009/share dividend, in effect TTJ has gone higher since 'XD'.
Quite clearly, those who have sold their shares before and after 3Dec13 because of the dividend payment have passed on some wealth to those who have bought their TTJ shares. Any lesson worth learning?
Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation:
1
yes, the lesson from
Blaise Pascal — 'All of humanity's problems stem from man's inability to sit quietly in a room alone.'
vested & sold nil to date
Posts: 419
Threads: 6
Joined: Jan 2013
Reputation:
10
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
- none other than Mr Warren Buffett, himself.
Posts: 116
Threads: 3
Joined: Aug 2012
Reputation:
0
What happened today
Sent from my S4 via Tapatalk
Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation:
19
high of 37cts before back to 33cts, something positive coming up!
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!
Homepage
PR Newswire
