16-05-2016, 07:36 PM
(16-05-2016, 06:46 PM)BlueKelah Wrote: Without dorm biz expect the yield and share price to drop
How to drop when Chairman Teo already owns 84.38% of TTJ....
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=393594
and he can quite easily privatise the company by offering a fair premium over its NAV/share.
From another perspective : How to drop when the company can easily declare another 'jumbo' dividend from its huge $60.1m (as at 31Jan16) cash reserve - equivalent to $0.17/share - which is expected to increase further to at least $70.0m as at 31Jul16 (FY16's year-end).