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pkli899 Supreme	13-Aug-2022 12:22        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Half year results out. As expected, profit dropped. No dividend declared. NAV is now 37.46 cents. Last traded price only 23 cents! 39% undervalue!
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pkli899 Supreme	10-May-2022 16:21        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, I remembered senior Tong did said during one AGM, that whatever spare money (profit) which they have no near term use, will be given out to shareholders in the form of dividend. Then all of a sudden they U-turned. No more dividend policy. Share price only can get worst from here lor. Because nothing to look forward to already mah.  money4life      ( Date: 10-May-2022 15:34) Posted: My take is as long as they are reluctunt to share/give dividend, whatever " create value" might not attract investors. I just piti the sharholders for now  TingHai88      ( Date: 07-May-2022 22:18) Posted: I doubt that they have enough capital as mostly are ?locked? in Taiga.. how much capital can the paper and power division generate to pursue further M&A deals..
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money4life Senior	10-May-2022 15:34        money4life About Contact  Quote this Post!
x 0   x 0  Alert Admin	My take is as long as they are reluctunt to share/give dividend, whatever " create value" might not attract investors. I just piti the sharholders for now  TingHai88      ( Date: 07-May-2022 22:18) Posted: I doubt that they have enough capital as mostly are ?locked? in Taiga.. how much capital can the paper and power division generate to pursue further M&A deals.. Scarycat      ( Date: 07-May-2022 22:02) Posted: From AGM Q&A uploaded on 26 Apr 2022: "3. With reference to the CEO statement in the Annual Report, please elaborate on how management plans to create value for the shareholders? Response: Avarga?s mission is to build value for our shareholders, this is the company?s primary function. With reference to the CEO statement, management needs to prioritize achieving a fair market value. However, this is still in its very early stages, and we will make the relevant announcements if and when appropriate. 4. If management truly considers Avarga's shares to be undervalued, won't share buybacks generate greater returns for continuing shareholders? Is it necessary to pursue further M&A deals when a simpler option for capital allocation exists? Response: Share buybacks is one of the options to return capital to shareholders. We have conducted buybacks in the past and will continue to monitor buyback opportunities in the future." Let's watch in anticipation...
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Scarycat Member	07-May-2022 22:24        Scarycat About Contact  Quote this Post!
x 0   x 0  Alert Admin	According to annual report 2021, as at 16 Mar 2022, Lim Eng Hock, 20.17%. ysh2006      ( Date: 07-May-2022 14:06) Posted: Is Peter Lim still a SSH of this company ? Scarycat      ( Date: 05-May-2022 16:46) Posted: From the CEO' s Statement in Annual Report 2021 uploaded on 14 April 2022: " ... While we have succeeded in many of the goals that we set  out to accomplish over the past 10 years, we have also fallen  short in some. For instance, we have been unable to achieve  a market valuation that properly reflects the performance  of our Company. This has handicapped us in pursuing M& A  opportunities and limited shareholders&rsquo ability to generate a  fair return for their investment. This is despite our attempts at highlighting our Company&rsquo s  performance through frequent industry engagement and a  capital allocation strategy focused on an aggressive dividend  policy. Therefore, as we move into our second 10-year cycle, besides  re-charting our path, we also need to rethink our capital  strategy to better create value for all our shareholders. This includes the cancellation of our dividend policy. Naively,  we had thought that strong and sustainable growth in  earnings, well-articulated explanations of the Company&rsquo s  performance, and good dividend payouts would translate  to better valuations. ..." V clear ambition. Wonder what would come next for this Company?
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TingHai88 Member	07-May-2022 22:18        TingHai88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I doubt that they have enough capital as mostly are ?locked? in Taiga.. how much capital can the paper and power division generate to pursue further M&A deals.. Scarycat      ( Date: 07-May-2022 22:02) Posted: From AGM Q&A uploaded on 26 Apr 2022: "3. With reference to the CEO statement in the Annual Report, please elaborate on how management plans to create value for the shareholders? Response: Avarga?s mission is to build value for our shareholders, this is the company?s primary function. With reference to the CEO statement, management needs to prioritize achieving a fair market value. However, this is still in its very early stages, and we will make the relevant announcements if and when appropriate. 4. If management truly considers Avarga's shares to be undervalued, won't share buybacks generate greater returns for continuing shareholders? Is it necessary to pursue further M&A deals when a simpler option for capital allocation exists? Response: Share buybacks is one of the options to return capital to shareholders. We have conducted buybacks in the past and will continue to monitor buyback opportunities in the future." Let's watch in anticipation...
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Scarycat Member	07-May-2022 22:02        Scarycat About Contact  Quote this Post!
x 0   x 0  Alert Admin	From AGM Q&A uploaded on 26 Apr 2022: "3. With reference to the CEO statement in the Annual Report, please elaborate on how management plans to create value for the shareholders? Response: Avarga?s mission is to build value for our shareholders, this is the company?s primary function. With reference to the CEO statement, management needs to prioritize achieving a fair market value. However, this is still in its very early stages, and we will make the relevant announcements if and when appropriate. 4. If management truly considers Avarga's shares to be undervalued, won't share buybacks generate greater returns for continuing shareholders? Is it necessary to pursue further M&A deals when a simpler option for capital allocation exists? Response: Share buybacks is one of the options to return capital to shareholders. We have conducted buybacks in the past and will continue to monitor buyback opportunities in the future." Let's watch in anticipation...
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pkli899 Supreme	07-May-2022 19:15        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Taiga posted very good result. But parent Avarga are doing all the wrong things. Cancelled dividend policy. Removed quarterly business update.  Aiyo, share price how not to drop?
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ysh2006 Supreme	07-May-2022 14:06        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is Peter Lim still a SSH of this company ? Scarycat      ( Date: 05-May-2022 16:46) Posted: From the CEO' s Statement in Annual Report 2021 uploaded on 14 April 2022: " ... While we have succeeded in many of the goals that we set  out to accomplish over the past 10 years, we have also fallen  short in some. For instance, we have been unable to achieve  a market valuation that properly reflects the performance  of our Company. This has handicapped us in pursuing M& A  opportunities and limited shareholders&rsquo ability to generate a  fair return for their investment. This is despite our attempts at highlighting our Company&rsquo s  performance through frequent industry engagement and a  capital allocation strategy focused on an aggressive dividend  policy. Therefore, as we move into our second 10-year cycle, besides  re-charting our path, we also need to rethink our capital  strategy to better create value for all our shareholders. This includes the cancellation of our dividend policy. Naively,  we had thought that strong and sustainable growth in  earnings, well-articulated explanations of the Company&rsquo s  performance, and good dividend payouts would translate  to better valuations. ..." V clear ambition. Wonder what would come next for this Company?
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TingHai88 Member	07-May-2022 12:19        TingHai88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How is this going to benefit Avarga shareholders? Going below 20cent soon spursfan      ( Date: 07-May-2022 12:15) Posted: CESSATION OF QUARTERLY BUSINESS UPDATES REPORTING https://links.sgx.com/1.0.0/corporate-announcements/L6UBX6GNZYLXO49W/716226_Cessation_of_Business_Update_Reporting.pdf Taiga (TBL) continues to benefit from high commodity prices https://links.sgx.com/1.0.0/corporate-announcements/DN7OAF7JWBKAQL54/716223_Taiga_Press_Release_6May22.pdf
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spursfan Supreme	07-May-2022 12:15        spursfan About Contact  Quote this Post!
x 0   x 0  Alert Admin	CESSATION OF QUARTERLY BUSINESS UPDATES REPORTING https://links.sgx.com/1.0.0/corporate-announcements/L6UBX6GNZYLXO49W/716226_Cessation_of_Business_Update_Reporting.pdf Taiga (TBL) continues to benefit from high commodity prices https://links.sgx.com/1.0.0/corporate-announcements/DN7OAF7JWBKAQL54/716223_Taiga_Press_Release_6May22.pdf
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Scarycat Member	05-May-2022 16:46        Scarycat About Contact  Quote this Post!
x 0   x 0  Alert Admin	From the CEO' s Statement in Annual Report 2021 uploaded on 14 April 2022: " ... While we have succeeded in many of the goals that we set  out to accomplish over the past 10 years, we have also fallen  short in some. For instance, we have been unable to achieve  a market valuation that properly reflects the performance  of our Company. This has handicapped us in pursuing M& A  opportunities and limited shareholders&rsquo ability to generate a  fair return for their investment. This is despite our attempts at highlighting our Company&rsquo s  performance through frequent industry engagement and a  capital allocation strategy focused on an aggressive dividend  policy. Therefore, as we move into our second 10-year cycle, besides  re-charting our path, we also need to rethink our capital  strategy to better create value for all our shareholders. This includes the cancellation of our dividend policy. Naively,  we had thought that strong and sustainable growth in  earnings, well-articulated explanations of the Company&rsquo s  performance, and good dividend payouts would translate  to better valuations. ..." V clear ambition. Wonder what would come next for this Company?
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TingHai88 Member	28-Apr-2022 16:24        TingHai88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Paper and Power only contribute to 4% of the revenue. Full year gross profit around $16M.. After operation cost, not much profit left for shareholders.. Really must wait long long for Taiga to issue dividend.. doremifatso      ( Date: 28-Apr-2022 15:27) Posted: They were fed up that the market did not accord a decent valuation to Avarga's shares despite the previous dividend policy . But the thing is.... in the first place they failed to deliver on the policy. I recall that the dividends was below the payout rate stated in the dividend policy.. otherwise, this is a good company with good management. I believe that they didnt want to give too much dividends as it would require them to first issue dividends from Taiga to Avarga. Any dividend from taiga will get taxed exorbitantly (i think 30%) by the Canadian government. And this is on top of the high corporate income taxes that Taiga is already paying. money4life      ( Date: 26-Apr-2022 14:02) Posted: What is the Avarga&rsquo s current dividend policy? Response: Avarga currently does not have a dividend policy following the cancellation announcement on 26 February 2022.  Seems like need to wait long long for dividend
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doremifatso Senior	28-Apr-2022 15:27        doremifatso About Contact  Quote this Post!
x 0   x 0  Alert Admin	They were fed up that the market did not accord a decent valuation to Avarga's shares despite the previous dividend policy . But the thing is.... in the first place they failed to deliver on the policy. I recall that the dividends was below the payout rate stated in the dividend policy.. otherwise, this is a good company with good management. I believe that they didnt want to give too much dividends as it would require them to first issue dividends from Taiga to Avarga. Any dividend from taiga will get taxed exorbitantly (i think 30%) by the Canadian government. And this is on top of the high corporate income taxes that Taiga is already paying. money4life      ( Date: 26-Apr-2022 14:02) Posted: What is the Avarga&rsquo s current dividend policy? Response: Avarga currently does not have a dividend policy following the cancellation announcement on 26 February 2022.  Seems like need to wait long long for dividend
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sharejunctari Member	28-Apr-2022 14:08        sharejunctari About Contact  Quote this Post!
x 0   x 0  Alert Admin	Taiga is still publically traded with market cap of  281M CAD or  303M SGD. https://sg.finance.yahoo.com/quote/TBL.TO?p=TBL.TO& .tsrc=fin-srch To my understanding, this TBL ticker is ownership of the remaining amount of 30% ownership of Taiga? Please let me know if I' m mistaken here. Theoretically, doesn' t that make Avarga' s 70% holding of  Taiga value at 707M SGD = 303M / 30% x 70% ?
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money4life Senior	26-Apr-2022 14:04        money4life About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now hope that they do not lose money in the 1Q announcement  money4life      ( Date: 26-Apr-2022 14:02) Posted: What is the Avarga&rsquo s current dividend policy? Response: Avarga currently does not have a dividend policy following the cancellation announcement on 26 February 2022.  Seems like need to wait long long for dividend
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money4life Senior	26-Apr-2022 14:02        money4life About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the Avarga&rsquo s current dividend policy? Response: Avarga currently does not have a dividend policy following the cancellation announcement on 26 February 2022.  Seems like need to wait long long for dividend
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TingHai88 Member	14-Apr-2022 18:52        TingHai88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lumber price is declining from peak, and it reflected on Taiga price movement as well. If no new catalyst, share price will slowly drift downward.
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pkli899 Supreme	14-Apr-2022 17:59        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	True, it' s a killer. Wrong move by them. money4life      ( Date: 14-Apr-2022 17:42) Posted: Ya under valued stock, but since they took away the dividend policy, i will wait till 20 cents then get in  pkli899      ( Date: 23-Mar-2022 09:19) Posted: Avarga previously got almost zero loan. Only recent years the older Tong decided to borrow. He did explained during one AGM why they borrowed eventhough they need not do so. Current all in loan stands at 160+ m. Not very much considering the cash they are holding (88 m). They have no problem repaying the loan at all. NAV now is at 32.5 cents, almost 7 cents higher than previously.  Unvalued stock if u r looking at price today.
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money4life Senior	14-Apr-2022 17:42        money4life About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya under valued stock, but since they took away the dividend policy, i will wait till 20 cents then get in  pkli899      ( Date: 23-Mar-2022 09:19) Posted: Avarga previously got almost zero loan. Only recent years the older Tong decided to borrow. He did explained during one AGM why they borrowed eventhough they need not do so. Current all in loan stands at 160+ m. Not very much considering the cash they are holding (88 m). They have no problem repaying the loan at all. NAV now is at 32.5 cents, almost 7 cents higher than previously.  Unvalued stock if u r looking at price today.
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pkli899 Supreme	23-Mar-2022 09:19        pkli899 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Avarga previously got almost zero loan. Only recent years the older Tong decided to borrow. He did explained during one AGM why they borrowed eventhough they need not do so. Current all in loan stands at 160+ m. Not very much considering the cash they are holding (88 m). They have no problem repaying the loan at all. NAV now is at 32.5 cents, almost 7 cents higher than previously.  Unvalued stock if u r looking at price today.
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