30-04-2015, 10:05 PM
(30-04-2015, 06:31 AM)dydx Wrote:(29-04-2015, 10:56 PM)smallcaps Wrote: Mr Teo purchases 400 lots at 34 cents from open market yesterday:
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=347064
Mr Teo obviously knows TTJ's business and its value and that of its shares. With so much accumulated cash in the company - as much as $65.2m (equivalent to $0.187/share) as at 31Jan15.....
http://infopub.sgx.com/FileOpen/TTJ%202Q...eID=338342
- it is conceivable that TTJ may just pay out a 'jumbo' dividend in the foreseeable future.
I think of much significance is that AFAIK, this should be his 1st open market purchase since the company's IPO in 2010. And interestingly, he used his own money instead of thru share buybacks like in the last 2 years.