Post Reply
281-300 of 355
well...watch TatHong...tis burger dont move...TIONG WOON wont burge ! :D
TWC trading over 51,684,000 units now! $0.850 coming soon!
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)!
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!
covered at 85cts !! phew !! wat a day ! :P
nickyng ( Date: 08-Oct-2009 09:18) Posted:
|
hee...SHORTED this burger at 86.5cts x10...test my luck ! :P
wah?!!attempt to TALK UP this burger har ? hee.... :P
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
Hi dap,
want to learn this calculation. can share how u get the fair value. thanks
daphnecsf ( Date: 07-Oct-2009 23:38) Posted:
|
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
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
Placements again n price may fall sharply tomorrow , n price if fall below 75 cents , would go down to 71 cents .
Bintang ( Date: 07-Oct-2009 19:31) Posted:
|
Tiongwoon may come down to fill the gap at 84.5 cents n resistant is at 89.5 cents .
velvetsally ( Date: 07-Oct-2009 19:22) Posted:
|
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.
yipyip ( Date: 07-Oct-2009 18:08) Posted:
|
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.
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
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).
For replacement news, will the price go up or down ? Any advise ?
SHORT big time tomor AHHH !!!!! :P
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