
SGX webby
dunno whether i noob or wha.. bt where can i find the annual report on their website eh??
Market drop more than 200 points from may on wards but Fragrance has hovered around 40-48cts did not drop much with 2 dividends paid..one for FYE the other to be paid soon ex on 4th june.As the bonus issue has been approved 1 for 1 I believe the share price will remain stable pending approval at an EGM to be convened soon.At this price say 46cts U can $15 per 1000 shares 3.26% which should be higher than that as U get paid withou having to wait for 1 year
At 46cts the ex bonus shd work out to be 23cts...lower than its subsidiary GPH trading at 25.5cts now...very unlikley..last year after its bonus aslo 1 for 1 was approved the price shot up 42...54...62...68...76cts believe the CEO Mr Koh Wee Meng and his corny will act in concert again to push up Fragrance's share prices
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5F867B2FDB6BAA7A48257A07003D59C2/$file/Announcement_bonus_SGX_approval.pdf?openelement
FRAGRANCE GROUP LIMITED
Company Registration No.: 200006656M
APPROVAL IN-PRINCIPLE FOR PROPOSED BONUS ISSUE
Unless otherwise defined, all terms used or referred to in this announcement have the meanings
assigned to them in the announcement made by Fragrance Group Limited (the “Company”) on 15 May
2012 in relation to the Proposed Bonus Issue.
1. RECEIPT OF APPROVAL IN-PRINCIPLE
Further to the Announcement, the Directors are pleased to announce that the Singapore
Exchange Securities Trading Limited (the “SGX-ST”) has today given its approval in-principle (the
“AIP”) in respect of the Company’s application for the listing of and quotation for up to
3,360,000,000 new ordinary shares in the capital of the Company1 (“Bonus Shares”), on the
basis of one (1) Bonus Share (or such other lesser number as may be permitted under the
applicable rules) credited as fully paid for every one (1) existing ordinary share (the “Shares”)
held by the shareholders of the Company (the “Shareholders”) on the Official List of the SGXST.
The Bonus Shares to be issued shall, on allotment and issue, rank pari passu in all respects with
the existing issued Shares, except that they shall not be entitled to such dividends, rights,
allotments or other distributions, the record date for which falls on a date before the date on which
the Bonus Shares are allotted and issued.
The Bonus Shares will be effected by capitalising up to approximately S$113,739,858.34 by way
of a transfer from the accumulated profits of the Company (based on an issue price of
S$0.0338512 per Bonus Share) to Share Capital and applying the same towards payment in full
for the Bonus Shares.
2. CONDITIONS
The AIP granted by the SGX-ST is subject to the following conditions:
1) compliance with the SGX-ST’s listing requirements
2) shareholders’ approval being obtained for the Proposed Bonus Issue and
3) a written confirmation that the bonus issue is in compliance with the relevant Companies
Act.
The grant of the AIP by the SGX-ST is not to be taken as an indication of the merits of the
Proposed Bonus Issue, the Bonus Shares and the Company and/or its subsidiaries.
1 As at the date hereof, the Company has 3,360,000,000 issued Shares (as defined herein) (which includes 3,363,000
treasury shares) and does not have any outstanding warrants or convertible securities in issue or share options
granted. On the basis that there is no change in the outstanding issued share capital of the Company as at the Books
Closure Date (as defined herein), 3,360,000,000 Bonus Shares will be issued pursuant to the Proposed Bonus Issue.
FRAGRANCE GROUP LIMITED
Company Registration No.: 200006656M
3. EXTRAORDINARY GENERAL MEETING
The Proposed Bonus Issue is subject to the approval of the Shareholders by way of an ordinary
resolution at an EGM to be convened. The Circular containing
At 40 over cts Fragrance's shares are already so affordable and they have already 3billion shares over capital excluding treasury shares...so is this the true rationale for the 1 for 1 bonus issue.." .The proposed Bonus
Issue is undertaken to increase (i) the liquidity and affordability of the Shares in the
market, and (ii) the issued share capital base of the Company to reflect the growth
and expansion of the Group’s business."
 
It seems every 1 to 2 shares  Fragrance will issue bonus and on a very generous basis...the directors are trying to enrich themselves..just curious
Issue is undertaken to increase (i) the liquidity and affordability of the Shares in the
market, and (ii) the issued share capital base of the Company to reflect the growth
and expansion of the Group’s business."
 
It seems every 1 to 2 shares  Fragrance will issue bonus and on a very generous basis...the directors are trying to enrich themselves..just curious
Imagine 6 bil shares after ex bonus..dividends only $15 per  1000 shares..who to sell in future ..got more shares than Cosco 2.24billion and Capital land 4.24 billion shares..I took my profit liao..maybe drop after ex then buy back...after ex bonus may even be cheaper tha GPH now at ipo 26cts
Not  an inducement to buy but the company really reward shareholders with not only div but also with  bonus shares. 
But Share price only up little ? maybe tmr when the news apperaed in the papers.Like last time after paper come out price shoot from 40 to 52 cents....
whoa....


commando ( Date: 15-May-2012 12:14) Posted:
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got special div plus 1 for 1 bonus.....good company never fails to reward shareholders. 2 Thumbs up up up
Fragrance dipped below 40cts today...39cts was done ...looks well supported at 40cts..with its cash hoard from sale of GP Hotel..Fragrance will be rewarding its shareholders in the next FYE
Stake holders (GP Hotel's)  got plenty of ammo left, depending on them, think they will punt and trade awhile to maintain stablity, very good buy coming into play once it reach ipo price.
jamesng ( Date: 29-Apr-2012 23:18) Posted:
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Just for info sharing, last done at on last Friday 27-04-12.
Fragrance       Last Done: 0.415     Volume: 11,490,000     

starlene ( Date: 27-Apr-2012 14:07) Posted:
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From 30+ cents to current price, are there any fundamental change except that the hotels are listed separately? I think both are likely to trade lower...
This counters will let the newly born GP hotels to stabilse first, meanwhile Fragrance  is looking attractive for collection...timing for collection is all up to vested stake holders.
Fragrance may trade to lower low, for collection purpose, (volume need to be lower as well) 
See page four, hope it go back to 0.50cts.
http://forum.channelnewsasia.com/showthread.php?66181-Global-Premium-Hotel-IPO/page4
commando ( Date: 28-Apr-2012 21:47) Posted:
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I still have some shares stuck at 50cts leh.....results on 15 May 2012 hope for some good news.. GP Hotels giving back Fragrance78m for the hotels
GPH may go under ipo 26cts...matter of time and the take off on first day not spectacular so the disappointment in Fragrance ..sold off at 47cts not interested  in its dividend though after ex it was artifically pushed to 51.5cts,may break below 40cts...was pushed up from 33-35cts to current level because of impending ipo of GPH..during Japanese tsumani it was at 24-27cts..after 1 for 1 bonus adjusted so difficult to go up .The director Mr Koh is a billionaire because of his Fragrance stakes
starlene ( Date: 27-Mar-2012 16:29) Posted:
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Fragrance | CPF | Op-0.445 | Last done-0.410 | -0.035cts | -7.9% | volume changed hands - 6,560,000 |
http://forum.channelnewsasia.com/showthread.php?66181-Global-Premium-Hotel-IPO& p=422987#post422987
Fragance will be push up n prices will move up/down and or be dump....anticipating going is good (assuming only). While Global Premium Hotels Limited (" GPH" or " Company" ) IPOing is going to be hot on opening....Happi IPO-ing and Trading.
This is only sharing my thot, others may always think alike or differentiate in opinion.
This is only sharing my thot, others may always think alike or differentiate in opinion.
Is this still a good stock to own? 
Copied from http://www.puntersgallery.com
Fragrance spins off hotel subsidiary (SGXNET)
Goh Han Peng, (6232 3893, hanmeng.tan@sg.oskgroup.com)
Terence Wong, CFA (6232 3896, terence.wong@sg.oskgroup.com)
The news: Global Premium Hotels (GPH) will be the most high-profile hospitality listing on the SGX
after the listing of CDL Hospitality Trust in 2006. GPH is the hotel spinoff from Fragrance Group,
which will retain a 55% stake in the group post-listing. Its initial assets comprised of 22 ownedhotels
with a market value of $739m, of which 19 are freehold properties and 1 is on 999-year
tenure.
As part of the IPO exercise, GPH is issuing 450m new shares at an indicative price range of
$0.25-0.28/share, giving it an initial market capitalization of $250-280m based on the enlarged base
of one billion shares. GPH currently operates 2 hotel brands: 1) Fragrance Hotels, which operate in
the economy-tier segment with average room rates of $50-150 per night 2) Parc Sovereign Hotels,
which operate in the mid-tier hotel segment. The group expects to be a key beneficiary of strong
tourist arrivals to Singapore, with a CAGR of 2.7% to 22m trips by 2015.
Growth will also be fuelled by more affordable travel in the region with the growth of the low-cost carrier industry and limited
supply of budget accommodation in the pipeline, underpinning firm occupancies and room rates.
Due to its no-frills operations, GPH is able to achieve gross margin of 86-88% compared to its
sector peers at around 50%. The group has committed to a dividend payout of 80% of 2012 net
earnings, translating to a yield of 5.7-6.3%.
Our thoughts: We expect the listing to be well-subscribed given the scarcity of liquid plays in the
sector and the resilience of the segment in past downturns. Investors will also want to ride on the
tailcoats of Koh Wee Meng, founder of Fragrance Group, who grew the company from a market
capitalisation of $50m at its listing in 2005 to a $1.5b company today through a series of recordsetting
financial performance. However, GPH’s valuation is not cheap at 0.9x P/BV compared to
the sector which is trading at 0.7x P/BV. Moreover, as part of the restructuring exercise under which
Fragrance sold its hotels to GPH, high debt was introduced into GPH to fund the purchase. Post-
IPO, the group will have an asset gearing of 60%, higher than the REIT sector’s average of 30-40%.
The high debt burden will impact on financial performance through interest expense, and will also
affect the rate of expansion if the group does not want to stretch its gearing further. All things
considered, we recommend a stag on the IPO, with a target of 32 cents based on a 5% forward
yield. 
 
Hope the subscrition is good with good take up. I will also buy abit  of it IPOto make some coffe money.
Good luck to all.