New Toyo

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Until the plans on SAH materialised, there is always the risks of the balance 50% cash being used for RTO of some China properties company - refer to posting on Bright Orient.

We shall wait and see. $ not in your pocket remains illusive.
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Well company can use turn their words and return say only 5% and use the remaining 95% for "investment" or speculation (e.g. RTO, other high risk high return ventures, etc)

Cos SAH only said up to 50% will be returned. 1% is also considered "up to 50%"....CoolCool

The rest 99% go and bet on some speculative deals - this is the worst case for investors...

(14-05-2012, 01:12 PM)greengiraffe Wrote: Until the plans on SAH materialised, there is always the risks of the balance 50% cash being used for RTO of some China properties company - refer to posting on Bright Orient.

We shall wait and see. $ not in your pocket remains illusive.
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not at all surprising that SAH minces their words and pays out close to nothing, perhaps 1 to 2 % as special dividends...

The rest of money brings to casino Confused

(14-05-2012, 02:11 PM)potatolover Wrote: Well company can use turn their words and return say only 5% and use the remaining 95% for "investment" or speculation (e.g. RTO, other high risk high return ventures, etc)

Cos SAH only said up to 50% will be returned. 1% is also considered "up to 50%"....CoolCool

The rest 99% go and bet on some speculative deals - this is the worst case for investors...

(14-05-2012, 01:12 PM)greengiraffe Wrote: Until the plans on SAH materialised, there is always the risks of the balance 50% cash being used for RTO of some China properties company - refer to posting on Bright Orient.

We shall wait and see. $ not in your pocket remains illusive.
Reply
New Toyo results are out:
http://info.sgx.com/webcoranncatth.nsf/V...E004017F8/$file/NTIH1QFY12Ann.pdf?openelement
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The GPM has dropped from 16.8% (Q1 2011) to 15.3% (Q1 2012)
Has inefficiency set in ?

The current Q1-2012 GPM (15.3%) was even lower than the 15.5% full-yr GPM during 2010 (when there was capacity issues and works had to be outsourced to other parties)

(14-05-2012, 11:18 PM)soarskyhigh Wrote: New Toyo results are out:
http://info.sgx.com/webcoranncatth.nsf/V...E004017F8/$file/NTIH1QFY12Ann.pdf?openelement
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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without the profit contribution from SAH, I doubt New Toyo is able to continue dishing out 1.94 cents per year..Selling off assets of SAH is like losing a righthand man...

Your view pls?

(14-05-2012, 01:12 PM)greengiraffe Wrote: Until the plans on SAH materialised, there is always the risks of the balance 50% cash being used for RTO of some China properties company - refer to posting on Bright Orient.

We shall wait and see. $ not in your pocket remains illusive.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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I think it would depend on how much dividends they can get from Tien Wah,
Profit is flat.
It makes about $20 mil a year.
It needs $8.6 mil free cash flow to pay this dividend.
My take is that dividends should maintain.
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Hi Ken

How do u derive $20mil?

At steady state, Tien Wah is expected to contribute about $10mil to $12mil (PCL) while New Toyo's own SP business will have about $4mil net profit.

All in all will only be about $14mil to $16mil out of a base of 440mil shares or 3.2 cents to 3.5 cents EPS.


(15-05-2012, 10:36 AM)ken Wrote: I think it would depend on how much dividends they can get from Tien Wah,
Profit is flat.
It makes about $20 mil a year.
It needs $8.6 mil free cash flow to pay this dividend.
My take is that dividends should maintain.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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Specialty paper segment (New Toyo)

FY2010 - $6.7mil (net profit)
FY2011 - $5.0mil (net profit)

If the supply contract with Phillip Morris can replace all the lost revenues from the 2 segments which have themselves been "absorbed" by Phillips Morris, we can have about $6mil from SP business..


(15-05-2012, 10:41 AM)Curiousparty Wrote: Hi Ken

How do u derive $20mil?

At steady state, Tien Wah is expected to contribute about $10mil to $12mil (PCL) while New Toyo's own SP business will have about $4mil net profit.

All in all will only be about $14mil to $16mil out of a base of 440mil shares or 3.2 cents to 3.5 cents EPS.


(15-05-2012, 10:36 AM)ken Wrote: I think it would depend on how much dividends they can get from Tien Wah,
Profit is flat.
It makes about $20 mil a year.
It needs $8.6 mil free cash flow to pay this dividend.
My take is that dividends should maintain.
Reply
Hi Curiousparty,

Last year Gross Profit $28 mil.
Associates. Profit $8 mil. (assuming Shanghai Asia)

This year Shanghai Asia makes no contributions.
Therefore gross profit about $20 mil. (assuming flat profits)

The bank balance is about $25 mil.

For the past few years, dividends is about 1.8cts to 2 cts.
Based on above, I assume they should be able to maintain its dividends.

Have to wait for the 2nd qtr to confirm.Smile
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