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strong rally today..All time high..May go higher (above 60 cents).
What do you guys think?
Strong insider buying at ROXY-PACIFIC, ABR HOLDINGS STRONG INSIDER buying have helped push the shares of
Roxy-Pacific to 48 cents, just a whisker from its all-time high.
Dividend of 2 cents (one-tier tax) which gives yield of 4.5% is pretty good. If the numbers are right, the share is worth a lot more than the current market valuation. Think it's price today is curtailed as it had a nice run up relative to peers (small to boutique developers), so today's sellers are not looking at valuation but cashing out for profit. If one is taking the " Warren Buffet approach" with a longer term horizon, than this one is worth looking at. Not for punting. Just my view.
What's analyst target price if the RNAV is $1.06?
As a result of pre-sales of 12 of its projects in recent
times, Roxy-Pacific has progress billings of $598.6 million to recognize from
1Q this year through to 2015.
Here's why the $598.6 million is a big deal: It is more than four times the
revenue ($132.6 million) that Roxy-Pacific booked in its property development
segment in 2011.
ROXY-PACIFIC: After record profit in FY11, $600 m in revenue yet to book
Roxy-Pacific Holdings Limited refers to the Company’s announcements on 5 April 2010 and 9 April 2010 and announced that its wholly-owned subsidiary, RL Properties Pte. Ltd intends to dispose of its interest in 70 Shenton Way, Singapore . DTZ Debenhem Tie Leung (SEA) Pte Ltd has been appointed as the sole marketing agent for the sale of the Property by 70 Shenton Pte. Ltd and the sale of the Property will be carried out by way of a tender exercise that will close on Thursday, 23 June 2011 at 3 p.m. (closing price: S$0.46)
/sgx
========================================================================It is time to diversify your portfolio or recover your losses in stock.
To reach financially freedom, you need to invest.
Invest in land and get a double return in 4 to 5 years.
It is just about 28 lots of Roxy-Pac for 1 unit of land.
Where?
http://www.youtube.com/watch?v=kMOvjDJeOuQ
How?
Just leave me a private message (PM) here for details.
========================================================================
1Q11 Net profit at $10m.....Good result.....
Nowadays this counter have really low low vol
Y dun they give more dividend sia
| Roxy-Pacific Holdings’ 4Q net profit doubles to $12m... |
| WRITTEN BY THE EDGE |
| THURSDAY, 17 FEBRUARY 2011 19:51 |
Roxy-Pacific Holdings, the homegrown specialty property and hospitality group, today reported a 103% surge in net profit to $12 million for the fourth quarter ended December 31, 2010 (4Q2010) from $5.9 million in the previous corresponding period (4Q2009).
This increase was on the back of an 8% climb in revenue to $47.5 million in 4Q2010, driven mainly by a 5% increase from its Property Development segment, 14% increase from its Property Investment segment, as well as a 16% increase from its Hotel Ownership segment.
For the full year ended December 31, 2010 (FY2010), the group achieved a record revenue year of $216.9 million, representing a 33% growth from $163.5 million in FY2009. Sales from the group’s core Property Development segment registered growth at 36% to $169.1 million.
Hotel Ownership segment increased 19% to $44.5 million as a result of improved AOR and ARR while the group’s Property Investment segment improved significantly by 73%, mainly due to the recognition of rental income from Kovan Centre and increased rental yield from the renewal of leases for some of the group’s shop units at Roxy Square.
The company proposed a one-tier final cash dividend of 1.5 cents per share.
Just rec'd SMS, Spottiswoode18 80% sold. Really surprised in view of recent measures.
Looks like Roxy is going to fly again soon...
Patience paid off congrats time to unload half and keep the rest as souvenior...
knightbridge ( Date: 26-Mar-2010 22:20) Posted:
Congrats to those who vest earlier.. Finally got more than 100% capital gain..$1 to make $1 in one year ... playing the market require patience...
knightbridge ( Date: 26-May-2009 23:17) Posted:
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Patience.. All it takes is the management to unlock the asset value of its asset, sell the hotel and u will see the price rock...Anyway it is unvalue.. The insider (the directors) keep buy up... since 20 cents . Alot of director keep buying and no selling...So relatively it is quite safe as the directors seem to be quite opmistic.. (They are in no rush to push price, still in accumulation mode for them)
Use $1 to make $3 then sell.. For now it is a laggard in the current run.. Only about 30% up... Wait |
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TP: $1
Roxy-Pacific Holdings Limited announced that the Company has on 21 December 2010 set up a new subsidiary known as Roxy Hotels Pte. Ltd. for the purpose of owning and operating hotels, and for property development and property investment. The incorporation of Roxy Hotels is not expected to have any material impact on the consolidated earnings per share and net tangible assets per share of the Group for the current financial year ending 31 December 2010.
/sgx masnet/
Something is very wrong with this counter today.
Roxy-Pacific’s net profit has soared from $19.2 million for the year ended December 2007, just before its IPO in January 2008, to $30.8 million for the first nine months of this year.
It is on track for a record year of profit this year as it has progress billings of S$241.9 million to be recognised from 4Q2010 to FY2012.
Its stock price, however, has lagged behind in performance, having managed a 25% rise since its IPO, with most of the gain coming only this year.
At the recent closing price of 37.5 cents, it trades at a hefty 56% discount to its revised Net Asset Value of 58.39 cents a share, as at end-Sept this year.
Following the 3Q result, SIAS Research said it maintained its ‘Increase Exposure’ rating and upgraded the counter’s intrinsic value from 45 cents to 53 cents.
/ SIAS Research
I think lost steam already since volume already fallen and price stagnate.
Better to take profit when still there.
This counter lost steam very fast. One can buy and hold and wait long long then one day counter decides to run and volume also pick up. But beware when volume suddenly drop and price stay or drop. Market in general also very toppish now.
Hot money has come into Singapore and stirred the market and hot money may pull out any time also.
Just a wordof caution
nicktan1982 ( Date: 14-Oct-2010 21:22) Posted:
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chiong ah.....
