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of coz not lah. With my kinda of ass luck, will be doing cartwheels already if KENNA consolation.
Anyway, hopefully I can get my 43cents by Sept. Afterall, it Looonnng overdue leow. Should ve happen a long long time ago. Till Sept then. Happy trading.
Cheers
ChowAhBeng ( Date: 25-Aug-2011 11:36) Posted:
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His buying good mei?
Anyway, hope to see 43cents soon. Need cashout and take my kid for holiday. Sori for dreaming. haha
chtan5751 ( Date: 29-Sep-2010 18:09) Posted:
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NB, I hate myself...
Now I have to run out and buy Toto. Haha
If your a trader then None, at least not for now. Just have to wait....
Wait for what? Er... the rights issue lah! Haha
Hypotically speaking, do u think the anomalies such as those I highlighted in their cashflow below are a natural occuring phenomena? If u do not think so, then perhaps there is a chance it was designed for a purpose? And quite possibly in the plans for a while now? Just maybe? Only hypotically speaking of course.
So if possibily that were the case, do U think that after all my " talk cock" below they'll back away from it? It's Possible.
However, if it where me, I don't think I would pass up on a chance like this to not only dilute, but to also create a psychological price barrier. Like I said before, I m a scumbag. haha
Keep your powder dry for now. If and when it does happen, wait for the rights to start trading. Generally speaking, if you look at past rights issue where u suspect insiders might be directly or indirectly loading up, there usually is an " invisible hand" that will press prices of the mother share down just before and during the rights trading period. If you don't believe me, just go back and look at the chart patterns of other companies that ve done the same. Now that, my friend, is a NATURAL OCCURING PHENOMENA! haha. I don't know about u, but that's when I would be loading up.
In the meanwhile, let me give my punter buddies out there some toto numbers to satisfy your appetite: 27, 20, 1, 4, 2
Richman ( Date: 17-Aug-2011 12:12) Posted:
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These 470 investors would have made Sun Zi (Art of War) proud. A classic story of how a small army can take on a GIANT.
Still, that said, this is a win win for both parties, but especially for the Tangs. I wouldn’t be too surprise that with a year we’ll see them monetizing on those prime retail assets.
But that said, I think it is time to move on…
Before I go, let me give u one of my quotes fr the teachings of “Sun Zi”.
" Friends will sometimes play u out, but
Delisted C.K. Tang dangles fresh carrot
Remaining shareholders offered 57% more than the 2009 delisting price…..
Chief Executive of CK Tang says the company wants to reduce the administrative burden of having to maintain the shareholder registry and hold annual general meetings so that it can concentrate on the retail business, after some shareholders earlier rejected a delisting offer from e Tangs.
Let me translate the above to Ah Beng language for you…. Nar Beh! ebery year have to see the same few fcukers at AGM. Cho cho (poke) my backside ebery F***ing year! Wah leow eh! Tong bei tiao man (can stand it). Give me high blood pressure man. My doctor say beh sai (cannot) leow, after the blood vessel to my one “kidney” burst! Si leow lah. Better just pay them off ah….. (just kidding!)
Waaah Dan Ai! Talk about Cao Cao, Cao Cao show up right in front of your door! How choooon can that be? wahh hahaha.
Talking about CK Tang lah. For those of you who don't know what i am talking about, go to today's Straits Times " Money" page B16.
Reading that article almost made me shit in my pants laughing. Gotta take my hats off to the 407 fellows. :)
ChowAhBeng ( Date: 17-Aug-2011 04:15) Posted:
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No worries. cheers :)
Soooo, if we factor out all the potential " sap" on cashflow mention below, i.e. trade receivables, trade payable & inventory, what would that do to net cash?
$41.5m + $10.2m + $8.5m = $60.2m
So do I think that will ever happen? Well, if I think what is gonna take place happens, then never lah. Are u kidding, $60.2m in net cash would absolutely look ugly for mgmt considering they only have a market capitalisation of $65.4m (233.55m shs outstanding x 28cents).
What is the best entry price?
Richman ( Date: 17-Aug-2011 11:55) Posted:
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I am still thinking...
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Richman ( Date: 17-Aug-2011 11:52) Posted:
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Teckwah: Proposed Acquisition Of Land And Construction Of New Plant.
Teckwah Industrial Corporation Ltd wishes to
announce that the Company is exploring the possibility of acquiring land
to construct a plant for, inter alia, product design, print and media
activities, content management, and other supporting activities. The
Company has applied to JTC for a licence to conduct building and civil
works, and install plant and machinery, at Private Lot A0810100 at Tai
Seng Avenue in Paya Lebar iPark, Singapore. The Land has an area of
approximately 9,057 square metres, and is to be developed to a minimum
gross floor area at the gross plot ratio of 2.50...
I will buy in later.
Thanks for the good info
ChowAhBeng ( Date: 17-Aug-2011 11:47) Posted:
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No worries :)
Now back to some more of my BS on inventory.
Based on the below, average inventory turnover for the last 2 yrs (2010 - 2011) was 1.52 times. But 4 yrs prior, i.e. 2006 -2009, this was an average of 2.71 times.
Let's say for argument sake, they manage to maintain the same lvl of historical inventory efficiency before 2010, i.e. 2.71 times, then how much inventory would they potentially need in half yr 2011?
$29.9m (RM & consumables used) / 2.71 times = $11.05m.
If that were the case, then they would need $8.5m less inventory then current lvls, i.e. $19.6m. Potentially Boosting cashflow by $8.5m.
ChowAhBeng ( Date: 17-Aug-2011 10:52) Posted:
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Wah haha! Ya lah, drink too much kopi so cannot sleep...
Depends... u e investor type or trader?
If investor, then potentially could look at this one for above average dividend income yield. If not, then give then give this one a skip.
Wa Biang!
U from yesterday night write poems till now ah?
U got any tips???
So what happen to their inventory management efficiency between half yr 2009 and 2010. From 2.55 times to 1.51 times? I don't know about you, but to me, it kinda looks like it just fell off a cliff.
But I am pretty sure they ve a very good and valid explanation for that.... if not? er, then they probably scrambling to find one now. haha