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Tiong Woon
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Tiong Woon
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nickyng
Supreme |
08-Oct-2009 14:56
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well...watch TatHong...tis burger dont move...TIONG WOON wont burge ! :D | ||||
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yipyip
Master |
08-Oct-2009 14:50
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TWC trading over 51,684,000 units now! $0.850 coming soon! | ||||
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yipyip
Master |
08-Oct-2009 11:46
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New 34,000,000 placement shares has sold out!!! TWC is trading over 49,466,000 units now! daphnecsf est.Price for Oct'09: $0.945 ($0.83 x +3.514% upside per mth x 4mths)! |
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yipyip
Master |
08-Oct-2009 10:19
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Wow. Now TWC is trading at 0.845, and volumn has over 47mln units! I believe the new 34mln placement shares has sold out! Upside is continue! | ||||
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nickyng
Supreme |
08-Oct-2009 09:31
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covered at 85cts !! phew !! wat a day ! :P
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nickyng
Supreme |
08-Oct-2009 09:18
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hee...SHORTED this burger at 86.5cts x10...test my luck ! :P | ||||
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nickyng
Supreme |
08-Oct-2009 09:06
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wah?!!attempt to TALK UP this burger har ? hee.... :P | ||||
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daphnecsf
Senior |
08-Oct-2009 08:48
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Just my view : ) (Increase in NAV for new machines to meet strong demand and new contracts from oil & gas customers) After Placement: (1) NAV(adj.F): $0.5402 / NAV(F): $0.5136 = +5.1791% (2) Rev(F): $250,100,000 x +5.1791% = Rev(adj.F):$263,052,998 (3) Rev(adj.F):$263,052,998 / 371,576,410Shares = Rev per share(adj.F) $0.7079 (4) Rev per share(adj.F) $0.7079 x Profit. M%(F):20.92% = EPS(adj.F) $0.1481 (5) EPS(adj.F) $0.1481 x PE(F):8.00 = F.Value(adj.F):$1.18 (6) ***EPS(adj.F) $0.1481 x PE(F):10.00 = F.Value(adj.F):$1.48 Upside based on S$0.830 per Placement Share: F.Value(adj.F):$1.18 / $0.83 = +42.169% upside +42.169% / 12 mths = +3.514% upside per mth Price for Oct'09: $0.945 ($0.83 x +3.514% upside per mth x 4mths) Price for Nov'09: $0.975 ($0.83 x +3.514% upside per mth x 5mths) Price for Dec'09: $1.010 ($0.83 x +3.514% upside per mth x 6mths) From CIMB: Before Placement: (1) Rev(F): $250,100,000 / 337,576,410Shares = Rev per share(F) $0.7409 (2) Rev per share(F) $0.7409 x Profit. M%(F):20.92% = EPS(F) $0.1550 (3) EPS(F) $0.1550 x PE(F):8.00 = F.Value:$1.24 |
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hondastream
Member |
08-Oct-2009 00:44
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Hi dap,
want to learn this calculation. can share how u get the fair value. thanks
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yipyip
Master |
08-Oct-2009 00:18
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I think TWC's price will continue upside (for business expansion plan), on July'09 Midas (FA very solid) was on placement too, their price just go upside. 03Aug09: Midas Price Closed: $0.88 31Jul09: Midas Price Closed: $0.865 17Jul09: Midas Price Closed: $0.815 16Jul09: Midas Price Closed: $0.82 / Trading halt - Placement of 120 million new ordinary shares (the “Placement Shares”), representing 14.2% of the existing share capital of the Company, at the price of S$0.755 per share. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E8FFCB9D45120437482575F5004BAB11/$file/NewsRelease-SharePlacement.pdf?openelement |
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daphnecsf
Senior |
07-Oct-2009 23:38
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TWC further increase its capabilities on business' core heavy lift and haulage segment, I use PE 8x to recalculate the fair value $1.18. maybe 10x is better ratio $1.48. Price for Dec'09: $1.010 Price for Nov'09: $0.975 Price for Oct'09: $0.945 Upside based on 7 Oct'09 $0.83: 42.169% Upside per mth: 3.514% Forecast 2010 (Jul'09 to Jun'10) After Placement: Shares: 371,576,410 NAV(adj.F): $0.5402 Rev(adj.F): $263,052,998 Profit. M%(adj.F): 20.92% Profit $(adj.F): $55,030,687 EPS(adj.F): $0.1481 PE (adj.F): 8.00 F.Value(adj.F): $1.18 Forecast 2010 (Jul'09 to Jun'10) Shares: 337,576,410 NAV(F): $0.5136 Rev(F): $250,100,000 Profit. M%(F): 20.92% Profit $(F): $52,320,920 EPS(F): $0.1550 PE(F) : 8.00 F.Value: $1.24 Actual 2009 (Jul'08 to Jun'09) Shares: 337,576,410 NAV: $0.5136 Rev: $202,280,000 Profit. M%: 20.92% Profit $: $42,326,000 EPS: $0.1254 PE : 6.98 C.Price: $0.875 |
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Bintang
Elite |
07-Oct-2009 20:47
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Placements again n price may fall sharply tomorrow , n price if fall below 75 cents , would go down to 71 cents .
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Bintang
Elite |
07-Oct-2009 19:31
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Tiongwoon may come down to fill the gap at 84.5 cents n resistant is at 89.5 cents .
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velvetsally
Member |
07-Oct-2009 19:22
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Hi all senior, How will Tiong Woon going? It"s mean up or dnow? Sorry to ask this stupid questoin? Because l am new birh. and hold some share and l feel worry Hope some one give me detail.
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yipyip
Master |
07-Oct-2009 18:08
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Based on 5th Oct'09 $0.795 x +14.88%(F) = est$0.915 (price for Oct'09) Based on upside adj.+44.65%(F) (for Yr2010F : Jul'09 to Jun'10) adj.+44.65%(F) / 12mths = +3.72%(F) per mth 4mths x 3.72%(F) per mth = +14.88%(F) (for 4 mths , Jul'09 to Oct'09) Share price return based on closed 5 Oct,09 $0.795: adj.+44.65% Adj. (10.1%) Fair value for 2010'(F) : adj.$1.15 2010'(F) PE ratio: 8.0 EPS based on existing issued share capital (cents): • adj.2010'(F) adj.14.38cents(F) adj.+14.67%(F) • 2009'(A) 12.54cents(A) +51.45%(A) • 2008'(A) 8.28cents(A) The 34,000,000 Placement Shares represent approximately 10.1% of the Company’s present issued share capital of 337,576,410 Shares. The board of directors of Tiong Woon Corporation Holding Ltd (the "Company") wishes to announce that the Company has today entered into a placement agreement (the "Placement Agreement") with CIMB-GK Securities Pte. Ltd. ("CIMB-GK" or the "Placement Agent") pursuant to which the Company has agreed to issue up to 34,000,000 new ordinary shares in the capital of the Company (the "Placement Shares") and CIMB-GK has agreed to use its best efforts to procure the subscription and payment for the Placement Shares, at an issue price of S$0.830 per Placement Share (the "Issue Price"), amounting to an aggregate consideration of up to approximately S$28.2 million, and on the terms and conditions of the Placement Agreement. |
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adrianong
Member |
07-Oct-2009 17:47
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Base on the placement price, I believe it will go up tomorrow .... correct me if I am wrong ... Size : Up to 34,000,000 New Shares (approx 10.1% of existing share capital of 337.6m shares) Placement Price: S$0.83 per share Discount of 5.1% to the last traded price of S$0.875 |
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yipyip
Master |
07-Oct-2009 17:28
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FA still solid, TWC buy more heavy lifting equipments for the provision of mobile cranes and lifting services (3 contracts by Shell). Adj. (10.1%) Fair value for 2010'(F) : $1.15 2010'(F) PE ratio: 8.0 EPS based on existing issued share capital (cents): • adj.2010'(F) adj.14.38cents(F) adj.+14.67%(F) • 2009'(A) 12.54cents(A) +51.45%(A) • 2008'(A) 8.28cents(A) Financial Effects After Placement: Group’s NAV per Share: 54.02 cents +5.18% Earnings per Share: 11.39 cents -9.17% Before Placement: Group’s NAV per Share: 51.36 cents Earnings per Share: 12.54 cents Based on the audited consolidated financial statements of the Group for FY2009, the Group’s net asset value per Share and earnings per Share was approximately 51.36 cents and 12.54 cents respectively. Assuming that the Placement had been effected, in respect of net asset value per Share on 30 June 2009 and in respect of earnings per Share on 1 July 2008, and that all the Placement Shares are issued on the respective dates, the Group's net asset value per Share and earnings per Share, after adjusting for the issue of the Placement Shares, would be approximately 54.02 cents and 11.39 cents respectively. Based on the issued share capital of the Company of approximately S$50.0 million comprising 337,576,410 Shares as at the date of this Announcement and assuming that all the 34,000,000 Placement Shares are issued, on completion of the Placement, the issued share capital of the Company will increase to approximately S$77.4 million comprising 371,576,410 Shares. The 34,000,000 Placement Shares represent approximately 10.1% of the Company’s present issued share capital of 337,576,410 Shares and approximately 9.2% of the enlarged issued share capital of the Company immediately after the completion of the Placement (assuming all the 34,000,000 Placement Shares are issued). |
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adrianong
Member |
07-Oct-2009 17:05
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For replacement news, will the price go up or down ? Any advise ? |
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nickyng
Supreme |
07-Oct-2009 17:00
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SHORT big time tomor AHHH !!!!! :P | ||||
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yipyip
Master |
07-Oct-2009 16:49
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Use of Net Proceeds The Placement will allow the Company to raise estimated net proceeds (the "Net Proceeds") of up to approximately S$27.3 million (after deducting expenses incurred in connection with the Placement). The Company intends to utilise fifty per cent. (50.0%) of the Net Proceeds for the acquisition of heavy lifting equipment and the remaining fifty per cent. (50.0%) for the general working capital requirements of the Company and its subsidiaries (the “Group”). Pending the deployment of the Net Proceeds, such proceeds may be placed as deposits with banks and financial institutions or invested in short term money market or debt instruments or for any other purpose on a short-term basis as the Directors may in their absolute discretion deem fit from time to time. The board of directors of Tiong Woon Corporation Holding Ltd (the "Company") wishes to announce that the Company has today entered into a placement agreement (the "Placement Agreement") with CIMB-GK Securities Pte. Ltd. ("CIMB-GK" or the "Placement Agent") pursuant to which the Company has agreed to issue up to 34,000,000 new ordinary shares in the capital of the Company (the "Placement Shares") and CIMB-GK has agreed to use its best efforts to procure the subscription and payment for the Placement Shares, at an issue price of S$0.830 per Placement Share (the "Issue Price"), amounting to an aggregate consideration of up to approximately S$28.2 million, and on the terms and conditions of the Placement Agreement. The Issue Price represents a discount of approximately 1.6% to the volume-weighted average market price of S$0.8436 for each ordinary share in the capital of the Company ("Share"), based on trades done on the Main Board of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 6 October 2009 (being the preceding market day prior to the signing of the Placement Agreement) and up to the time of the trading halt of the Shares on 7 October 2009. In addition, the Issue Price represents a discount of approximately 5.1% to the last traded price of S$0.875 on 7 October 2009. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_194AC603C65D5139482576480029D0A3/$file/TWCH_PlacementAnnouncement.pdf?openelement |
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