TTJ Holdings

[TTTI]

Just have to relax....

The earlier selling could likely be cause by those contra player who bought last week and hope to make a quick buck..once big dividends come..its not 8c but its 1.7c...so yesterday they have sold..as can be seen the volume today much lower and has stabilised...

The stock has "adjusted" itself from 48.5c to 39.5 - almost similar to the 8c "expected dividend"...

It didnt factor in the solid balance sheet and record results..

So sometimes mkt is like that , but since teo already hold 85%..quite easy for him to take ttj private especially at such "adjusted price"....

If boss teo scoop up the remaining shares..he can get a solid company with plenty of cash and debt free..

I am not too worried about the dormitary which is not its main business...in fact a lot of pure dormitary biz companies like wee hur etc are also not doing fantastic...
And a dormitary u must remember has maintainance cost and subject to renewal by the relevant authorities..

So but i think by next year if the company could have $100mil cash if it can add $30.mil of free cash flow..and new project coming in..it will far outweight its dormitary biz..

Usually the contract be given towards year end..nov/dec usually- a lot of project will be given out after budget is approved..

By then , its order book will go up again...it can choose those project with better margin...

If u see some company like yongnam - win project but with peanuts margin..

And i am sure u all have heard of swiber story- win big project by submitting low bid..

Ttj is a more quality company...

"in fact a lot of pure dormitary biz companies like wee hur etc are also not doing fantastic..."

Wee hur is not a pure dormitory company