| Latest Forum Topics / Stamford Land Last:0.37 -- |
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Stamford Land rebound from 18.5 cents
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Salute
Master |
06-Oct-2010 23:35
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May I know what's GO mean?
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chinton86
Veteran |
06-Oct-2010 22:45
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If he wants to delist, he will not do open mkt purchase.
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chinton86
Veteran |
06-Oct-2010 22:30
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Don't think so. |
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tonylim2
Senior |
06-Oct-2010 22:07
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Will he go for another GO like in year 2004/2005 ? | ||||
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shplayer
Elite |
06-Oct-2010 22:03
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Since 16 Sep, Chmn Ow has purchased 1190 lots between 49c - 54.5c . His average price is 51.5c |
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chinton86
Veteran |
06-Oct-2010 20:02
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Brother up stakes again by 100 lots at $0.545 | ||||
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chinton86
Veteran |
02-Oct-2010 15:31
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80 cents shd have no problem ba. | ||||
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serious
Member |
02-Oct-2010 00:09
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confirmed in uptrend. Should cross 0.60 very soon. | ||||
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tonylim2
Senior |
29-Sep-2010 20:11
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CK continue to buy 250,000 shares at 0.51 on 28/09. Something must be good that he knows he must buy. |
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tonylim2
Senior |
22-Sep-2010 12:44
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From Lim & Tan:- Take The Cue From Him S$0.49-STLD.SI Founder Chairman Ow Chio Kiat bought 280,000 shares on Sept 16/17, at 49 cents each, raising his holding, including deemed interest, to 317.957 mln shares or 36.81%. This would be his purchase since Jan ’06, when he bought a total of 4.952 mln shares at 29.5 cents each. (OCK had then launched a mandatory general offer for the company, after buying over Mitsui OSK’s 4.2% stake in late 2005.) Stamford Land had last week not extended the exclusive period for the shortlisted buyer for Dynons Plaza in Perth (indicative price of A$134 mln), and stressed that while the property was therefore “open to other prospective investors”, the company was in no hurry to sell the newly completed office building on Perth’s Hay Street. (Savills, the marketing agent, had expected a bid well in excess of A$140 mln.) As Mr Ow has demonstrated readiness to raise dividend when necessary as in ye Mar ’06 (sale of properties in Adelaide) and again in ye Mar ’08, when it hit 4 cents per share (deferred tax credit), we would have no issue should he decide to retain Dynons Plaza (annual rental of almost A$10 mln) as an investment property in the books, if he reinstates dividend to at least 3 cents a share. (See our earlier notes.) But more importantly, recall Mr Ow’s optimism about prospects for fiscal years ending March 2011 and 2012. Based on our expectation of 3 cents for ye Mar ’11, the 6.1% yield continues to justify a BUY. |
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phil1314
Senior |
21-Sep-2010 17:55
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Unlikely for Chairman Ow to take company private as in the past he has created more publicly listed companies from his stable of companies. ore likely for him to continue and list more companies or do reits on his hotels. Everyone Singapore hoteliers and property companies go to China, but what about him?
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chinton86
Veteran |
21-Sep-2010 17:36
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i dun think will be privatised | ||||
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tonylim2
Senior |
21-Sep-2010 17:33
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Very hi volume and price up 5%, something brewing ? Will CK take this private ? |
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chinton86
Veteran |
20-Sep-2010 20:54
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Good Nees...49 Cents become a strong support level liao | ||||
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tonylim2
Senior |
20-Sep-2010 20:00
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Chairman Ow bot 280,000 shares at 0.49 on 26/27--09-10. Good sign. |
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shplayer
Elite |
15-Sep-2010 09:05
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Yes, you are right. Taking this into consideration, net eps will abt about 1.0 c....which is still a significant contribution. Also, bear in mind, in 1Q11, the hotel sector profit improved by approx 25% YoY.
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tonylim2
Senior |
14-Sep-2010 21:37
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The appr. net property income of A$9.5 net property income; Is there other expenses like maintainence fee , property tax etc. need to be paid after NPI ?
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tonylim2
Senior |
14-Sep-2010 21:30
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From Lim & Tan:- No Hurry Indeed S$0.48-STLD.SI Stamford Land said the period afforded to the party shortlisted for due diligence and dealing exclusivity in respect of Dynons Plaza, has lapsed, thus opening the door to other prospective investors. Stamford land had, in April, appointed Savills to market Dynons Plaza internationally through an Expressions of Interest campaign targeted at Australian and international investors. (Dynons Plaza was completed in April, the first major Grade A office development in Perth, capital city of Western Australia.) COO Tay Lai Wat said while “we continue to seek the best terms and pricing available, and shall review our options and decide in due course, we are in no hurry to press ahead with the sale.” COMMENTS 1. We are hardly disappointed that the exclusivity period accorded to the short listed party will not be extended. (See also our note on July 16th.) 2. The A$134 mln is below the “well in excess of A$140” mln Savill seemed confident of securing 5 months ago. 3. The A$9.8 mln rental income payable by Chevron (over the next 10 years and more, and subject to revisions) has started to kick in after the expiry of the rental free period. 4. While the Labor Government seems determined to press ahead with a mining tax, albeit somewhat watered down, prospects for the mining industry remain bright, especially given the continued strong growth of China and India. 5. With likely further increase in interest rates, the Australian dollar is expected to remain on its uptrend. 6. Stamford Land therefore remains a BUY, with prospective yield of at least 6.25% based on expected 3 cents per share for ye Mar ’11 (up from 2 cents for the previous fiscal year). The conservative Book NAV of 51 cents per share is another reason for the call. |
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shplayer
Elite |
14-Sep-2010 20:39
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Yep, looks like it. By not selling DP, STL shareholders are 'having its cake and eat it'. In 1Q2011, management revalued DP to AUD130m....yielding a non cash eps of approx 4.2c. By keeping DP, STL will also enjoy long term annual rental revenue of AUD9.5m. Most, if not all, costs are already accounted in pre rental (before July) accounting so proceeds of this rental revenue will fall right to the bottomline profit. => eps of approx 1.1 aussie cent or sgd cents 1.3.......this is almost 60% of FY2011 eps of 2.28c. So, shareholders get the best of both worlds.....revaluation of DP and long term rental revenue.
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tonylim2
Senior |
14-Sep-2010 15:36
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Investors like this news. | ||||
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