New Toyo

[Stockerman]

New Toyo has already run up from the low 20 cents to around 30 cents, at a time when its EPS dropped from 4.5 cents to 3.37 cents!
it is like the running up of Nikkei - the easy money phase is over..

Further run up from this point onwards is extremely hard. max u just get a few more cents like around 32 to 35 cents, and that is it..

the giving of special dividend is a good way by management to unlock the value and garner investment community interest in the counter.

My gut feel is that New Toyo will make a run for 45 cents at least, if a special dividend of around 5 cents is declared, taking reference from all the various counters with special dividend history, and the amt of excess cash beyond capex needs. There might even be a few around of special dividends from now onwards...

40 cent level should be easily overcome. 50 cents is a stretched target though...

The verdict would probably be out in a few months time.

Soon New Toyo will not be at the current price range...

Not trying to talk up New Toyo but just drawing investor interest to what could possibly happen to New Toyo IF special dividend is declared.

GRP spiked from the low 20 cents to nearly 40 cents when special dividend ( 4cents) and regular dividend (1cent) is declared.
And in terms of economic moat, GRP is a far cry from New Toyo.
GRP is in the line of measuring instrument, marine & hose, etc. Its NAV is only barely 20 cents.

The share price has surpassed way beyond the NAV!