Metro    Last:0.37   -

Metro

Very niao company

 

Should be able to see special dividend from the proceeds of Gurney plaza and this mall.

 

Metro own 50% of this mall and their cost of this 50% is 67 millions. Now book value is 350 millions for the mall , so 50% is S$175 millions and believe the bidding price for this building will be more than S$300 millions. So shreholders should be laughing all the way to the bank now.

 

Yesterday Metro announced they are selling their entire 50% holding in Metro Beijing holding thru a bidding with its other  co-owner. Big profit if the bid is high. I believe there will be good profit. Just bought some weeks ago.

serious      ( Date: 15-Apr-2011 10:55) Posted: Special dividend coming ?

 

Special dividend coming ?

 

This one is slow but steady................most undervalued counter...

 

And I believe when they announced the investments that they have make with their 400+ million war chest, the price will shoot up.......

 

At least a $1.20 stock but that is still a big discount to its NAV which I think is unwarranted.....

 

Invest all CHINA related stocks in SGX will do best in this year, I suppose!

jamesng      ( Date: 15-Nov-2010 22:18) Posted: Now 0.855.....wonder when they will use up the 400+ million cash......

 

Could be a takeover target due to its good quality of properties in China.

 

up 3.5 cents....something brewing.....

 

slowly creeping up....

 

Will this be $1 soon if sti reach 3500???

How will they invest their 400+ million??? Are they able to appreciate the stocks near to it NAV at $1.56.....well, we will see....

 

Now 0.855.....wonder when they will use up the 400+ million cash......

 

2 cents dividends, total 5 cents this year...any more....management more pro investors now.....

 

Hi Jamesng, any idea when they going to announce? as I'm comtemplating to sell or hold.. thks..

jamesng      ( Date: 20-Oct-2010 22:38) Posted: metro going to announce result soon where they will clock the 65 million profit from selling one financial street....might have some surprise.....

 

But time for them to play catch up soon....

jamesng      ( Date: 21-Oct-2010 01:12) Posted: for those stocks that trade at half nav and pe less than 10 and are not moving much...have patient with them unless you spot another fast moving one that have not run yet..... Metro and guthrie gts are two of the extremely slow moving one.....

 

for those stocks that trade at half nav and pe less than 10 and are not moving much...have patient with them unless you spot another fast moving one that have not run yet.....

Metro and guthrie gts are two of the extremely slow moving one.....

 

metro going to announce result soon where they will clock the 65 million profit from selling one financial street....might have some surprise.....

 

 

But for those who have spare cash and do not know where to park their money to earn a reasonable return, this is the counter. Metro, if you check the past few yrs' CDs, the yield is about 5% which is very much higher than FD. Metro is financially strong and has steady Mgt. Over time I believe more people will take notice of this under-valued counter and buy into it. By then it will be too late to buy. For those who take a longer view, they should buy before others chase the price up.

 

Yes fully agreed with you. This is a laggard stock. Mostly on sleeping mode. Never will i get to buy back again. Same as you, the opportunity cost of buying other counters was not fully utilised.

phil1314      ( Date: 26-Sep-2010 15:40) Posted: Thank goodness, I have myself cleared from this counter months ago and promised never to go into this thinly-traded-but-often-shouted-about undervalued counter. Generally speaking, just waste of time and have missed opportunities from other faster counters. bishan22      ( Date: 25-Sep-2010 09:54) Posted: Clear all my Metro liao. No more link with this counter after collecting CD 0.03. Good luck to all vested.

 

Thank goodness, I have myself cleared from this counter months ago and promised never to go into this thinly-traded-but-often-shouted-about undervalued counter.

Generally speaking, just waste of time and have missed opportunities from other faster counters.

bishan22      ( Date: 25-Sep-2010 09:54) Posted: Clear all my Metro liao. No more link with this counter after collecting CD 0.03. Good luck to all vested.