According to my 11-year dividend analysis, even the EPS for the final qtr is zero, TA can afford to declare 5.5cts dividend for the Y/E Dec'18. When the EPS was 16.1cts in 2008, TA declared a dividend of 10cts. Until Sep'18, TA's EPS was 14.1cts. If TA can achieve an EPS of 2cts for the final qtr, there is a possibility that it may repeat 2008 dividend payout. Cheers!
With strong order book maybe it is time to separate hotels and office towers from construction division. Launching a reit now will allow tagb to raise cash, pay less tax and acquire more hotels as market is getting softer. The management did this capital raising during 2008 crisis by listing tagb. Now already come full circle and it is a downturn again. Unlocking value now will be great for investors stuck for so long. My first purchase of tagb shares was in 2009 at 42 sens. Now the number is flipped and the price reads closer to 24 sens !!!! Wa lao eh !! Taukeh khoon liao meh??
TA is in a net cash position of RM227milas as at Sep'18, while the same period last year was in negative territory (RM985mil). To declare 5.5cts dividend for Y/E Dec'18, shouldn't be a problem. Launching a REIT to acquire those hotels from TAGB now is definitely a step in the right direction.
My assumption is the 6 months is calculated from Sept 12 and to make another offer I believe he has to wait one full year which will fall on Sept 12, 2019. Meanwhile he can purchase from open market 2% in each 6 months for a total of 4%.
Minorities have put in their investments. Capitals are occupied. Hope that in the end, the minorities will get reasonable Returns on Investments (ROI).
Not yet my friend.On Sept 12 (mgo offer closed) Tony had 38.529% So now it is still below the 2% limit as follows. 40.529 - 40.397= 0.132% He can still buy about 2.3 million shares before march 12, 2019.
He will have to stop buying and continue to buy after March 12th. As you can see he has not purchased anymore for quite a number of trading days. If the price continues to be in the 65 sen to 66 sen range, it is going to be quite difficult for him to accumulate more. I believe, correct me if I am wrong, he cannot purchase at higher than MGO offer price of 66 sen. It is the reason the counter is going to remain at about this price for some time, unless retail investors are willing to push the price above 66 sen on their own as he cannot do it.
tony tiah boost how good he is in trading and work hard till no sleep to trade overseas market in order to make money for the company. last year collected 30++ million for his effort and this quarter, this is what he gave to shareholders shareholders should hold egm to sack him
Unrealized loss of RM 225 million on investment in securities this quarter alone or a drop of over 20%. Seems like the management has never invested in shares before.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
WongAhMan
35 posts
Posted by WongAhMan > 2018-12-18 18:37 | Report Abuse
According to my 11-year dividend analysis, even the EPS for the final qtr is zero, TA can afford to declare 5.5cts dividend for the Y/E Dec'18. When the EPS was 16.1cts in 2008, TA declared a dividend of 10cts. Until Sep'18, TA's EPS was 14.1cts. If TA can achieve an EPS of 2cts for the final qtr, there is a possibility that it may repeat 2008 dividend payout. Cheers!