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Is this really a good.. counter.. ? the price been stuck at 24cts to 26cts very long.. i think u going to wait another year..
someone sold just 1 lot to pull it dwn to 25..
Just to highlight the number of inside trades that have been carried out in recent months (information may be found on the GP Hotels website http://ir.gphl.com.sg/html/ir_trades.php)
| Announce Date [Date of Effective Change] | Buyer/ Seller Name [Type*] | S/ R/ I ** | Bought/ (Sold) ('000) | Price ($) | After Trade | Note | |
| No. of Shares ('000) *** | % Held *** | ||||||
| 20/12/2012 [20/12/2012] | Koh Wee Meng [DIR] | S | 11,000 | 0.25 | 588,000 | 55.89 | Note |
| 18/12/2012 [18/12/2012] | Koh Wee Meng [DIR] | S | 11,500 | 0.24608 | 577,000 | 54.85 | Note |
| 03/12/2012 [03/12/2012] | Koh Wee Meng [DIR] | S | 4,000 | 0.24 | 565,500 | 53.75 | Note |
| 22/11/2012 [22/11/2012] | Koh Wee Meng [DIR] | S | 1,500 | 0.24 | 561,500 | 53.37 | Note |
| 14/11/2012 [14/11/2012] | Koh Wee Meng [DIR] | S | 3,000 | 0.235 | 560,000 | 53.23 | Note |
| 03/10/2012 [03/10/2012] | Lim Chee Chong [DIR] | S | 80 | 0.25 | 680 | 0.07 | Note |
| 15/08/2012 [15/08/2012] | Lim Chee Chong [DIR] | S | 100 | 0.24 | 600 | 0.06 | Note |
| 15/06/2012 [15/06/2012] | Koh Wee Meng [DIR] | S | 2,000 | 0.24543 | 557,000 | 52.95 | Note |
| 14/06/2012 [14/06/2012] | Koh Wee Meng [DIR] | S | 3,000 | 0.241 | 555,000 | 52.76 | Note |
| 27/04/2012 [27/04/2012] | Koh Wee Meng [DIR] | S | 1,000 | 0.28 | 552,000 | 55.20 | Note |
| 27/04/2012 [-] | Koh Wee Meng [DIR] | I | 1,000 | 0.26 | 551,000 | 55.10 | Note |
| 27/04/2012 [-] | Lim Chee Chong [DIR] | I | 500 | 0.26 | 500 | 0.05 | Note |
GP hotel look set to rally...$0.24/0.245./.........do watch for it
" Global Premium Hotels’ revenue grew 19.6% to S$30.1 million for 1H 2012 Group average occupancy rate surged 10.5 percentage points to 90.7% Excluding one-off IPO expenses, 1H 2012 profit before tax increased 2.8% yoy to $13.8 million
• Board declared interim dividend of 0.2 cents per share."
Any seniors comments on price movement tomorrow?
You are right. GPH is listed in SGX therefore the price fluctuation is normal. 50% up. 50% down.
Afterall, its a free market. You are free to sell or to buy at your own will. If your outlook
towards this counter is south. You do not need rocket scientist to guide you what to do next.
starlene ( Date: 21-May-2012 12:55) Posted:
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OCBC step in to buy as stablisation process being the ipo manager..once this process is off GPH can still hold..still prefer Fragrance but after bonus too many scrips 6billion even > than Capitalland or Cosco
chinton86 ( Date: 21-May-2012 10:30) Posted:
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FYI. GPH's CEO is Mr Eddie Lim Chee Chong.
starlene ( Date: 20-May-2012 22:15) Posted:
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STABILISATION ACTION IN RELATION TO THE INVITATION OF GLOBAL PREMIUM
HOTELS LIMITED
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE AN INVITATION OR OFFE R TO PURCHASE INVITATION SHARES
Pursuant to Regulation 3A(13) of the Securities and Futures (Market Conduct) (Exemptions)
Regulations 2006, we, Oversea-Chinese Banking Corporation Limited, the Stabilising Manager
to the Invitation, hereby announce that we have, either as principal or through dealers on our
behalf, purchased a total of 1,480,000 Shares in the open market at a purchase price of $0.25
per Share on 18 May 2012.
Issued by
Oversea-Chinese Banking Corporation Limited
20 May 2012
chinton86 ( Date: 21-May-2012 10:30) Posted:
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OCBC came in to stabilize sentiments at 25cents
GPH finally closed below ipo price despite Mr Koh Wee Meng the CEO of both GPH n Fragrance still buying to support the counter...Fragrance held up better
Hi, not sure if you know what you are talking about.
This result for 1st quarter is before IPO, how to give dividend when Q1 is still under Fragrance Group?
Even if they want to follow parent company to give dividend per quarter, it will start in Q2 results or Q3(Q2 is not a full quarter for the company)
starlene ( Date: 18-May-2012 17:25) Posted:
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I am waiting to see how well this Love Hotels will deliver down the road. More
capital appreciation will be great....
starlene ( Date: 18-May-2012 17:25) Posted:
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With no dividends declared the shares finally went under ipo 26cts closed at 25cts,unlike its mother Fragrance 1 for 1 bonus and 1.5cts dividends well supported at 45cts
News Release 15 May 2012
FOR IMMEDIATE RELEASE
Global Premium Hotels’ 1Q 2012 net profit up
46.9% yoy to $6.4 million on higher revenue
• 1Q 2012 revenue increased 28.8% yoy to $14.9 million on contribution from
three new hotels launched in 2011
• Group’s average occupancy rate (“AOR”) in 1Q 2012 improved 15.7
1
percentage points to 91.7% , with new hotels achieving occupancy of 89% to
98%1
• Growth in visitor arrivals to Singapore for 1Q 2012 bodes positively on
demand for hotel room
Singapore, 15 May 2012 – Global Premium Hotels Limited (“GPH” or the “Group”), the owner and
operator of the second largest economy-tier hotel chain in Singapore, delivered a net profit of $6.4
million for the three months ended 31 March 2012 (“1Q 2012”), up 46.9% year-on-year (“yoy”). The
jump in profit came on the back of a 28.8% increase in revenue to $14.9 million for 1Q 2012.
$ ’000 1Q 2012 1Q 2011 % Change
Revenue 14,867 11,546 28.8%
Gross profit 12,988 10,252 26.7%
Net profit 6,358 4,327 46.9%
Revenue Per Available 91.42 76.02 20.3%
Room (“RevPAR”) ($)
Average Occupancy Rate 91.7% 76% 15.7 p.p.
(“AOR”) (%)
p.p. denotes percentage points
Commenting on the good performance, Mr. Lim Chee Chong, Chief Executive Officer of Global
Premium Hotels, explained, “Besides the additional revenue contribution from the three new hotels,
Parc Sovereign Hotel, Fragrance Hotel-Elegance and Fragrance Hotel-Riverside, we have also
improved our average occupancy rate (“AOR”) in 1Q 2012 by 15.7 percentage points to 91.7%.”
1 Average Occupancy Rate (AOR) computed for period of 1 January 2012 to 31 March 2012
----------------------- Page 2-----------------------
(Incorporated in the Republic of Singapore on 19 September 2011)
(Company Registration Number 2011286350E)
Performance of Number of months Average Revenue per
New Hotels since commencement of Occupancy available room
operations to Rate (“AOR”) (“RevPAR”)
31 March 2012 in 1Q 2012 in 1Q 2012
Parc Sovereign 13 Months 89% $120.88
Fragrance Hotel-Elegance 6 Months 91% $81.40
Fragrance Hotel-Riverside 4 Months 98% $126.48
The three new hotels have been well-received since the commencement of operations, reaching an
AOR of between 89% to 98% in 1Q 2012. Most noteworthy, Fragrance Hotel-Riverside achieved an
AOR of 98% and Revenue Per Available Room (“RevPAR”) of $126.48 in 1Q 2012 within just four
months of operation. Mr. Lim added, “Our improvement in occupancy rate and RevPAR further attests
to our established track record in hotel operation. I am pleased we have shown once again our ability
to bring the performance of new hotels on par with existing ones within a relatively short time frame.”
The Group’s shares started trading on the main board of the Singapore Exchange recently on 26 April
2012. As part of the restructuring exercise, the Group acquired six subsidiaries from Fragrance Group
Limited (“FGL”) for a purchase consideration of $558.0 million. As mentioned in the Prospectus, the
Group will utilise $345.7 million out of the total credit facilities of $473.2 million to partially repay the
purchase consideration. As of 10 May 2012, the Group has fully settled the purchase consideration
and utilised the total credit facilities of $463.2 million. Hence, the proceeds and corresponding
expenses from the IPO, as well as expected higher interest expenses will be reflected in the Group’s
subsequent financial results.
Tapping on its IPO funds earmarked for development and expansion of its hotel business, the Group
will seek suitable sites for hotel development and aim to add another 200 to 300 rooms to our
economy- or mid-tier hotels within 1 to 2 years after any successful acquisition.
– END –
FOR IMMEDIATE RELEASE
Global Premium Hotels’ 1Q 2012 net profit up
46.9% yoy to $6.4 million on higher revenue
• 1Q 2012 revenue increased 28.8% yoy to $14.9 million on contribution from
three new hotels launched in 2011
• Group’s average occupancy rate (“AOR”) in 1Q 2012 improved 15.7
1
percentage points to 91.7% , with new hotels achieving occupancy of 89% to
98%1
• Growth in visitor arrivals to Singapore for 1Q 2012 bodes positively on
demand for hotel room
Singapore, 15 May 2012 – Global Premium Hotels Limited (“GPH” or the “Group”), the owner and
operator of the second largest economy-tier hotel chain in Singapore, delivered a net profit of $6.4
million for the three months ended 31 March 2012 (“1Q 2012”), up 46.9% year-on-year (“yoy”). The
jump in profit came on the back of a 28.8% increase in revenue to $14.9 million for 1Q 2012.
$ ’000 1Q 2012 1Q 2011 % Change
Revenue 14,867 11,546 28.8%
Gross profit 12,988 10,252 26.7%
Net profit 6,358 4,327 46.9%
Revenue Per Available 91.42 76.02 20.3%
Room (“RevPAR”) ($)
Average Occupancy Rate 91.7% 76% 15.7 p.p.
(“AOR”) (%)
p.p. denotes percentage points
Commenting on the good performance, Mr. Lim Chee Chong, Chief Executive Officer of Global
Premium Hotels, explained, “Besides the additional revenue contribution from the three new hotels,
Parc Sovereign Hotel, Fragrance Hotel-Elegance and Fragrance Hotel-Riverside, we have also
improved our average occupancy rate (“AOR”) in 1Q 2012 by 15.7 percentage points to 91.7%.”
1 Average Occupancy Rate (AOR) computed for period of 1 January 2012 to 31 March 2012
----------------------- Page 2-----------------------
(Incorporated in the Republic of Singapore on 19 September 2011)
(Company Registration Number 2011286350E)
Performance of Number of months Average Revenue per
New Hotels since commencement of Occupancy available room
operations to Rate (“AOR”) (“RevPAR”)
31 March 2012 in 1Q 2012 in 1Q 2012
Parc Sovereign 13 Months 89% $120.88
Fragrance Hotel-Elegance 6 Months 91% $81.40
Fragrance Hotel-Riverside 4 Months 98% $126.48
The three new hotels have been well-received since the commencement of operations, reaching an
AOR of between 89% to 98% in 1Q 2012. Most noteworthy, Fragrance Hotel-Riverside achieved an
AOR of 98% and Revenue Per Available Room (“RevPAR”) of $126.48 in 1Q 2012 within just four
months of operation. Mr. Lim added, “Our improvement in occupancy rate and RevPAR further attests
to our established track record in hotel operation. I am pleased we have shown once again our ability
to bring the performance of new hotels on par with existing ones within a relatively short time frame.”
The Group’s shares started trading on the main board of the Singapore Exchange recently on 26 April
2012. As part of the restructuring exercise, the Group acquired six subsidiaries from Fragrance Group
Limited (“FGL”) for a purchase consideration of $558.0 million. As mentioned in the Prospectus, the
Group will utilise $345.7 million out of the total credit facilities of $473.2 million to partially repay the
purchase consideration. As of 10 May 2012, the Group has fully settled the purchase consideration
and utilised the total credit facilities of $463.2 million. Hence, the proceeds and corresponding
expenses from the IPO, as well as expected higher interest expenses will be reflected in the Group’s
subsequent financial results.
Tapping on its IPO funds earmarked for development and expansion of its hotel business, the Group
will seek suitable sites for hotel development and aim to add another 200 to 300 rooms to our
economy- or mid-tier hotels within 1 to 2 years after any successful acquisition.
– END –
sanuks ( Date: 15-May-2012 13:00) Posted:
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NEWS RELEASE
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_133832B111815AD8482579FE005A2CE5/$file/GPH1Q12newsrelease15May2012Final.pdf?openelement
This counter is holding up well despite heavy selling presure for the past few days.
commando ( Date: 15-May-2012 12:15) Posted:
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but no buying interest... still keeping the IPO shares. :)
GP Hotels - Profit from the Period Q1-2011 - 4327 Mil to Q1-2012 - 6358 Mil.
Profit from the Q1 2011 to Q1 2012 is 46.9% (INCREASE).
Please refer to SGX website for detail information.
15 May 2012 (Tuesday) - 1Q Result for Global Premium Hotels and Fragrance Group.
Buy 0.255(1988mil) Sell ).26(979000)..still well supported wonder why investors want to sell at ipo price to cut loss? Even if they bought at 26cts still hve to pay comission if they got the bulk as placement shares(ie no balloting)..selling at 26cts still a big loss?..strongly belive if mkt deteriorates further may touch 20cts or below