Allgreen   

Allgreen

thanks,chipchip66.  same as unico1, i like to know what will be the fair value of the stock after ex-d.

 

Good morning everyone.

I have 5 lots many many years ago at $1.65. 

Can anyone know after the div and bonus issue, what is the fair price???  Is it worth to collect somemore at $1.80???

Tks in advance.

 

don't worry, this stock on uptrend! I also vested today! U have to pick up this stock though!

 

Hi to all,

Bought 10 lots @$1.88 a while ago but why the px is heading south wards now??? 

 

Good morning Matthew 8, you are very chun. Pei Fu Pei Fu, missed yr posting. Happy harvest. God bless.

 

Lucky I didn't sell it... now waiting to collect $$$....

 

Hello knightrider: Just do it !!

 

knightrider, i believe this will be in your radar screen tomorrow?

 

may settle around $2.00 ++. Not vested. Sigh!

 

allgreen announced div of $375 per lot and rights issue of $0.60 for 1 share for every 2 shares held. Congrats to those who hold it!

 

Alert!!  Put Allgreen on your radar screen.  In my opinion, this counter is like to travel North.  Action has just begun:



10:36:42    1.370    363000    Buy Up

12:14:03    1.380    206000    Buy Up

 

Allgreen Properties rose to a 11-week high of $1.40 after the property firm said its second-quarter net profit surged 71.1% to $18.6m yoy. The company said on Friday that its revenue had leapt 122% yoy in the second quarter of 2006.



The property group, which has a market capitalisation of
US$866 million, trades at 18.4 times its forecast 2006 earnings.

 

Tks. Shared your view.

 

quite unclear... but i think Allgreen may have potential to go up somemore but the signals are mixed. suggest that you wait for a few days to see whats the trend like.

 

Pls advise me.. I bought Allgreen in Apr 2002 @ $1.73.. should i contd to hold or sell it now @ 1.45. Tks.

 

Extracted from my blog: http://kelongstocks.blogspot.com Please view full details at my blog. Fundamental Analysis Allgreen is a perpetual laggard compared to other property stocks due to it being a smaller player and in the low-end/mid-range market which will see slower price appreciation. Wing Tai is the closest comparable but Wing Tai is valued at closer to RNAV due to its focus on high-end projects. RNAV estimates from various broking houses ranges from $1.70 to $1.92. Pegging Allgreen at a 20% discount to RNAV (estimated at average of $1.81), fair value is pegged at $1.45. I do not see much upside for Allgreen from current prices, would not recommend people to buy at this point in time. Similarly for Wing Tai, upside appears limited at current prices (maximum 10%). I was also asked to comment on property stocks in general. Generally, I would avoid such counters given that most are trading at their RNAV or even at a premium to RNAV (for players like Capland, Keppel Land and City Dev). Maybe I am more conservative in nature but I would not pay for a premium to RNAV because this is pricing in the assumption that property prices will continue to appreciate over the few years and at current prices, it will be at a discount to RNAV in a few years' time. In today's uncertain world with economical cycles getting shorter and more volatile, I would not place my bets on the strong economic expansion over the next few years. I have also heard about friends and relatives who are holding stocks like City Dev which were bought at bargain prices at around $5, they are still holding on to it hoping for more gains. When the correction begins, these people will dump it at any prevailing prices since they have a huge buffer on their purchases. I certainly don't want to be at the wrong end when they begin selling, do you?