TSH Corp

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TSH: 1H 2014 result
Net cash per share is 11.552 cents
Cash per share is 13.855 cents
NTA is 17.818 cents
NAV is 18.550 cents

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The Board of Directors of TSH Corporation Limited (“TSH” or the “Company”) is pleased to announce that its wholly owned subsidiary, WoW Technologies (Singapore) Pte Ltd (“WoW”), has entered into an exclusive distribution agreement with Reliance Communications, LLC. (“Reliance”) (the “Agreement”).

Reliance is required to purchase a minimum of USD10 million, USD20 million and USD30 million worth of the Products from WoW in 2014, 2015 and 2016 respectively. WoW has the right to cancel the Agreement if Reliance does not rectify any breach in meeting the minimum purchase amount within 30 days of the notice of such breach from WoW.


Barring any unforeseen circumstances, the Agreement is expected to contribute positively to the net tangible assets per share and earnings per share of the Group for the current financial year.


26 Feb 2014
http://infopub.sgx.com/FileOpen/Announce...eID=283544

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Cash and Fixed Deposit: $33.314m
Debt (loan) : $5.537m
Net cash: $27.777m

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Net Profit
Y2012 $0.536m
Y2013 $2.636m

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Mr Tan Dah Ching has been appointed as an Independent Director of the Company and
concurrently as Chairman of the Nominating Committee and member of the Audit and
Remuneration Committees.

http://infopub.sgx.com/FileOpen/Appointm...eID=290282

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TSH
Market cap at 12.6 cents is S$30.3m

Cash is S$13.855m
Fixed Deposit is S$23.825m
No borrowing
Total cash is S$33.314m
==> cash equiv is more than market cap.

[smalkmus]

TSH
Market cap at 12.6 cents is S$30.3m

Cash is S$13.855m
Fixed Deposit is S$23.825m
No borrowing
Total cash is S$33.314m
==> cash equiv is more than market cap.

Thanks for sharing. Seems to be a net-net. But they have not given out any dividends last year and they seems to be investing in other arenas.

Sounds like a good company to be under the radar or is there anything that I might have overlooked.

[Harvest Time]

TSH
Market cap at 12.6 cents is S$30.3m

Cash is S$13.855m
Fixed Deposit is S$23.825m
Total cash is S$33.314m
==> cash equiv is more than market cap.

Borrowing is $5.537m

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Mr. Tan Dah Ching
Independent Director

Mr. Tan currently chairs the Nominating Committee and is a member
of the Audit and Remuneration Committees.
He has over 10 years of experience in Corporate Finance. He was
a Business Development Manager at Swissco Holdings Limited in
charge of corporate finance activities. Prior to that, he worked as
an Investment Manager at Kim Seng Holdings Pte Ltd and was an
Associate at Genesis Capital Pte Ltd in charge of managing initial
public offering projects.

[Harvest Time]

Mr. Teo Kok Woon
Non-Executive Director

Mr. Teo is a member of the Audit, Nominating and Remuneration
Committees.
He is the Chairman of Cockpit International Pte Ltd and the Group
Executive Director of Goodearth Realty Pte Ltd (family business in
hotel and property investment).