Post Reply
341-360 of 1578
BOOOOMMMMZZZZZ!!!!!!
Above 4.40
I think one of his tooth is a fake one. the third one form his left, the color is different.
Can you ask him in the AGM? LOL
Dividend_Warrior ( Date: 11-Mar-2013 19:01) Posted:
|
Something to read
http://networkedblogs.com/J8wo7
Sounds good! I hold a few lots of SPH
Good stock, holding on for many years. once REIT confirmed, more dividend to come. Cheers
Wah... this stock really chiong today!
I have faith in this man!
What do you mean by only now 4.50 is within range orangejuice?
orangejuice01 ( Date: 11-Mar-2013 11:33) Posted:
|
Smart monies moving .....never border about the fundamentals, what or why, follow the flow..
This counter was pared down by most of the Analysts when it tendered super high price for its Climenti Mall under the previous goalkeeper. The big cash used to pay to HDB at above market (way higher than second bidder). Investors was not happy with the super high price tender sph had on CMall. Offload the higher cost assets it to REIT for another special dividends distributions? Convince Analysts who may still in strong memories....
Some strong momentum has to take the charge.....now seeing 4.50 within range
Octavia ( Date: 11-Mar-2013 09:42) Posted:
|
Rarely see this counter up two digits for recent years.
crashburner ( Date: 11-Mar-2013 09:30) Posted:
|
It moving up nicely after yeaterday announcement, but how SPH benefited from setting up a REIT to list its properties?
Wow....price at 4.29.....dun know to hold or sell?
[SINGAPORE] Singapore Press Holdings (SPH) is looking into setting up a real estate investment trust (Reit) to list its property assets on the mainboard of Singapore Exchange.
The media group said yesterday it was still reviewing the properties that might form the Reit portfolio and the terms at which they might be injected into the Reit.
In a filing to Singapore Exchange, SPH said: " The establishment of the Reit and the listing of the Reit on the SGX-ST will be subject to, among other things, market conditions, the relevant regulatory and other approvals being obtained and the execution of definitive agreements by the relevant parties."
The group has three property assets: Paragon on Orchard Road, The Clementi Mall in the heartland of Clementi and The Seletar Mall in Sengkang slated to be completed next year.
I'm saying that these existing properties would be injected into the newly formed REITs. Hence, they will be back to their core business - printing, which is not profitable in the long run.
Of course, at this stage, it is unclear of what they are going to do with the cash from the sale of properties (if they are going ahead with the REITs).
Dividend_Warrior ( Date: 10-Mar-2013 23:43) Posted:
|
SPH newsprint and mag are not doing exceptionally well at the moment. Income from clementi mall and paragon is contributing positively to the bottom like of SPH. Injection of these properties into a reit will impact it's bottom line. In return SPH will recycle its capital. How market react will depend on what SPH's plan is for the cash from the sale. $4.20 is a flux point. Price gapped down on Friday from $4.20 and although the bulls pushed back to $4.20 before price closed at $4.17. Sellers are very strong at the $4.20 level as can be seen from the closing price. Not a counter to chase without a clear plan on the profit from the sale.
If this is bad for SPH, why would they want to list the REIT?
They can just keep the properties for themselves!
Think about it.....
pantoo ( Date: 10-Mar-2013 23:13) Posted:
|
Not vested as the current price of this good stock is already high to me. Guess the price may drop slightly? And more price drop only after her proposed REIT is listed? Await more announcements for clearer picture.
the only reason why i'm still vested with SPH is because of their " psuedo REITs" background... should see prices fall tomorrow?
Dividend_Warrior ( Date: 10-Mar-2013 22:05) Posted:
|
SPH preparing for a REIT!!!!!!!
Slowly moving towards 4.20