Latest Posts By limahping
- Senior
About limahping
|
|
| 19-Nov-2020 21:41 |
HPH Trust USD
/
HUTCHISON PORT TRUST -HIGHEST YIELD AT ROCK BOTTOM
 Go to Message
|
||||
 x 0
 x 0
|
Dbs Security like that say..... https://research.sginvestors.io/2020/11/hutchison-port-holdings-trust-dbs-group-research-2020-11-17.html | ||||
| Good Post Bad Post | |||||
| 18-Nov-2020 09:55 |
HPH Trust USD
/
HUTCHISON PORT TRUST -HIGHEST YIELD AT ROCK BOTTOM
Go to Message
|
||||
|
x 0
x 0
|
Seow one.
This is ck Hutchison lah.
Not got mostach is father bah.
|
||||
| Good Post Bad Post | |||||
| 24-Aug-2020 14:59 |
Accordia Golf Tr
/
Go to Message
|
||||
|
x 0
x 0
|
Few of you KPKB and say vote no. Do you have a plan that I can follow? Or just KPKB?
|
||||
| Good Post Bad Post | |||||
| 16-Jan-2020 16:19 |
YZJ Shipbldg SGD
/
The Only Shipbuilding Blue Chip in SGX!
Go to Message
|
||||
|
x 0
x 0
|
Just like if the sell counter party is Philips doesnt means Philips Security is selling ?
|
||||
| Good Post Bad Post | |||||
| 16-Jan-2020 16:18 |
YZJ Shipbldg SGD
/
The Only Shipbuilding Blue Chip in SGX!
Go to Message
|
||||
|
x 0
x 0
|
Sell by Citi Bank doesnt means that Citi Bank is selling, they are selling for their client bah?
|
||||
| Good Post Bad Post | |||||
| 14-Jan-2020 16:29 |
YZJ Shipbldg SGD
/
The Only Shipbuilding Blue Chip in SGX!
Go to Message
|
||||
|
x 0
x 0
|
This article like writing something out of nothing one. " Shipbuilding (Holdings) had CN¥ 5.06b of debt, an increase on CN¥ 3.8k, over one year. But on the other hand it also has CN¥ 21.1b in cash, leading to a CN¥ 16.0b net cash position. " Net cash position what payment of debt ? Of course, being a Chinese Company, the account dont know can trust or not, Skali like Midas Like that. But, that, is another story.
|
||||
| Good Post Bad Post | |||||
| 14-Jan-2020 10:30 |
Accordia Golf Tr
/
Go to Message
|
||||
|
x 0
x 0
|
Moving very slowly. Like strip tease ...
|
||||
| Good Post Bad Post | |||||
| 14-Jan-2020 10:29 |
YZJ Shipbldg SGD
/
The Only Shipbuilding Blue Chip in SGX!
Go to Message
|
||||
|
x 0
x 0
|
YZJ do not usually annouce contract win deal by deal. They usually do an update on quartely results. The last annoucement in between quarterly results was a stop gap measure (I supposed) when the chairman was away Lim Kopi.
|
||||
| Good Post Bad Post | |||||
| 13-Jan-2020 16:11 |
Accordia Golf Tr
/
Go to Message
|
||||
|
x 0
x 0
|
APTT is strategic review. This one is got people put in a non binding offer, so I thought very different. But we can only wait. Passive investor.
|
||||
| Good Post Bad Post | |||||
| 13-Jan-2020 15:51 |
YZJ Shipbldg SGD
/
The Only Shipbuilding Blue Chip in SGX!
Go to Message
|
||||
|
x 0
x 0
|
Not so soon lah. Last year : a) Full year result on 28 Feb with dividend declear b) XD 22 May c) Pay out 7 Jun Wait long long ....
|
||||
| Good Post Bad Post | |||||
| 13-Jan-2020 15:19 |
YZJ Shipbldg SGD
/
The Only Shipbuilding Blue Chip in SGX!
Go to Message
|
||||
|
x 0
x 0
|
Emotion and Wish aside. Any one taking action on this counter ? Like who buy and who sell and who long and who short? Can share bo? |
||||
| Good Post Bad Post | |||||
| 13-Jan-2020 15:18 |
Accordia Golf Tr
/
Go to Message
|
||||
|
x 0
x 0
|
Waited for more than 1 week liao. The finanical advisor is really slow. |
||||
| Good Post Bad Post | |||||
| 10-Jan-2020 14:08 |
Accordia Golf Tr
/
Go to Message
|
||||
|
x 0
x 0
|
At the mean time, stock price seems to be holding. Hahaha.
|
||||
| Good Post Bad Post | |||||
| 09-Jan-2020 10:13 |
YZJ Shipbldg SGD
/
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
Go to Message
|
||||
|
x 0
x 0
|
I remembered one of my friend. He divorced his ex wife. Then feel so bitter about it that he spend his remaining life talking bad about the ex wife instead of looking for a new one. I cannot help but to see the similarity in T5 to YZJ.
|
||||
| Good Post Bad Post | |||||
| 08-Jan-2020 16:56 |
Accordia Golf Tr
/
Go to Message
|
||||
|
x 0
x 0
|
We dont even know what is the offer on the table. So dont know it is a good, average, bad or very bad offer yet. Then how to decide vote yes or no. This thing is taking very long. |
||||
| Good Post Bad Post | |||||
| 07-Jan-2020 11:08 |
YZJ Shipbldg SGD
/
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
Go to Message
|
||||
|
x 0
x 0
|
Some are Jumping in happiness, some jumping down ....
|
||||
| Good Post Bad Post | |||||
| 07-Jan-2020 10:05 |
YZJ Shipbldg SGD
/
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
Go to Message
|
||||
|
x 0
x 0
|
Termina 5, now like going up to 1.18 lia0. You scared bo? Got lao sai bo?
|
||||
| Good Post Bad Post | |||||
| 07-Jan-2020 09:22 |
YZJ Shipbldg SGD
/
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
Go to Message
|
||||
|
x 0
x 0
|
I have one piece of information to offer. I sign up for CDP script lending. Some of my YZJ share (about 50,000 share) was lended out since last Friday. Not sure if this indicate some shorted activities that needs to be covered eventually. |
||||
| Good Post Bad Post | |||||
| 02-Jan-2020 11:48 |
Accordia Golf Tr
/
Go to Message
|
||||
|
x 0
x 0
|
This is the BT article today. Interestingly, the article said some thing on assuming a huge with holding tax liability. That will make the offer price very attacctive? Like $ 1 based on my back of the envelope calculation? Not sure, just speculating. ==== Stay updated with BT newsletters privatisation is not the only way that management can separate public companies from their assets. PHOTO: ACCORDIA GOLF TRUST RECENT developments at Accordia Golf Trust (AGT) are a timely reminder that privatisation is not the only way that management can separate public companies from their assets. Reit sponsor Accordia Golf is proposing to buy all of AGT' s 88 golf courses. The catch is that Accordia Golf' s offer is for the interest AGT owns in the holding company where the golf courses are parked, not for AGT' s units. This makes speculation difficult for punters because AGT is not legally required to pay unit holders any special distributions from the asset sale. However, such a major transaction would have to be put to a vote under rule 1014 of the Singapore Exchange (SGX) rulebook, and there is no way that more than 50 per cent of independent unit holders would let the deal pass unless they receive a bulk of the net proceeds as compensation for future cash flow forgone. So far, AGT has declined to comment on distributions, saying only that Accordia Golf' s indicative offer for the golf course holding company is 63.2 billion Japanese yen (S$781 million). That works out to roughly S$0.71 per unit, assuming that the offer is all cash. As part of the offer, Accordia Golf also intends to assume the holding company' s debt, including the 26.2 billion yen of deferred tax liabilities that it has on its balance sheet, AGT told The Business Times. Swapping the golf courses for cash would turn AGT into a cash trust. Once AGT becomes a cash trust, it has 12 months to identify a new basket of assets to acquire in order to stay listed. Or, it can choose to delist by giving unit holders a fair and reasonable exit offer. AGT isn' t commenting on what it might do yet. Much depends on how Accordia Golf structures its final offer, if it decides to make one. Rules arbitrage? The market' s reaction has been lukewarm. While successful exit offers for Reits are usually done at book value or higher, AGT units have hovered at S$0.68 or lower in the past week, below AGT' s net asset value (NAV) per unit of S$0.76 as at Sept 30. The better part of that discount may be explained by the fact that what' s on the table for AGT unit holders is an asset sale, not a swift and clean privatisation. Of course, Accordia Golf may have practical reasons for wanting to acquire the golf courses through a direct sale. For instance, its chances of success would be higher than if it were to make an exit offer for the entire AGT. This is because strict rules are in place to prevent minority oppression when a company seeks to delist from the SGX. Before it can delist a company, a bidder has to obtain the approval of 75 per cent of non-conflicted shareholders. An independent financial adviser must also give the bidder its blessing by opining that the offer is both fair and reasonable. On the other hand, if a company wants to dispose of its entire operating assets, it can do so by putting forth an ordinary resolution that only requires a simple 50 per cent majority to pass. In AGT' s case, the sale is an interested party transaction so sponsor Accordia Golf will have to abstain from voting. Clipping the green If Accordia Golf is serious about getting a deal done, it should probably prepare to face questions about the timing of its proposed acquisition, which has come just six months after AGT booked a huge impairment on its golf course portfolio. In May, the value of AGT' s investment in the golf course holding company was written down by 18 per cent while group NAV fell from S$0.90 as at March 31, 2018 to S$0.71 as at March 31, 2019. The impairment was taken to account for the " underperformance of selected golf courses in previous years" , as well as the impact of a flood prevention project on cash flows from Nishikigahara golf course. AGT said: " Management is of the view the impairment loss recorded is reasonable and adequate." But some investors wonder if the annual property appraisal may have been a tad too conservative. For instance, AGT agreed to sell Village Higashi Karuizawa Golf Club to a third party for S$2.4 million in April. That sum was substantially higher than the S$332,166 valuation furnished by independent valuer CBRE during the last annual valuation as at Dec 31, 2018. It remains to be seen if Village Higashi Karuizawa Golf Club is an outlier, or if there is more hidden value in AGT' s assets than meets the eyes. AGT should have answers soon. It has appointed Daiwa Capital Markets Singapore and Ernst & Young Corporate Finance to help it evaluate Accordia Golf' s proposal and obtain indications of interest from the market for the golf course assets. Daiwa Real Estate Asset Management also owns 51 per cent of the manager of AGT, which stands to gain a 0.15 per cent fee on any divestment. Naturally, the SGX has put AGT on notice for potential conflicts of interest through a series of queries that AGT has since addressed. Now it' s up to AGT' s three independent directors, Accordia Golf, Daiwa and EY to decide how interesting this gets to be. |
||||
| Good Post Bad Post | |||||
| 27-Dec-2019 16:21 |
Accordia Golf Tr
/
Go to Message
|
||||
|
x 0
x 0
|
您 想 多 了 ， 八 字 都 没 一 撇 just wait for the FA to go through the process and update unit holder. :)
|
||||
| Good Post Bad Post | |||||
| First < Newer 41-60 of 188 Older> Last |