ShareJunction - Member Posts

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mkt is in fav of the new acq.more likely to moe up to test $3.27

spore1 ( Date: 02-Mar-2014 18:47) Posted:

capitaland looks rather weak. breaking down of $2.82 will b v bearish

New123 ( Date: 05-Dec-2013 20:52) Posted:

Capitaland may likely rebounce from here.

See my view at http://sporeshare.blogspot.sg/2013/12/capitaland.html

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thanks for the info!!!

WanSiTong ( Date: 16-Apr-2014 06:24) Posted:

· Details of the offer

CapitaLand (CAPL) today (14/04/2014) announced a voluntary, all-cash offer of S$2.22/share for all outstanding CMA shares (34.7%), with the offer price representing a 27% premium to 30-day VWAP of S$1.748/share, a 21% premium to last NTA of S$1.84/share and a 25% discount against our RNAV estimate of S$2.95/share. The offer is conditional upon CapitaLand receiving a minimum 90% acceptance for CMA& rsquo s shares, with CAPL proposing to fund the offer through a combination of internal cash (S$2.8billion) and incremental debt (S$0.26billion). CMA' s HK listing status will also be delisted upon completion of the offer. The SGX has opined that no shareholder approval will be required as & ldquo there will be no material change in the risk profile of the CapitaLand Group arising from the Offer& rdquo . The earliest closing date permitted under the Takeover Code would be in end May / early June.

newbie888 ( Date: 15-Apr-2014 23:20) Posted:

relax...we are all with the same objective just with different way....profit and loss are just part & parcel of trading..... dun think there is a need spoil the fun...cheers!

btw....did they mention how are they going to fund proposal? from their pocket? or by issuing rights and warrants?

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3 Things About The CapitaLand-CMA Deal And Why You Should Be Bullish

CapitaLand' s bid to take CapitaMalls Asia is seen by many as a positive as the property developer hopes to streamline operations and build greater cooperation between the two entities.
CapitaLand would, if the deal succeeds, allow investors to gain exposure to a unique blend of properties residential, commercial, and retail sectors.
The deal, if successful, will boost CapitaLand' s financial report card in the upcoming quarters.

more ...last:$3.11...

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I am avoiding this...... looks similar to Temasek buying of Olam. The different is Capital Land is listed.

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· Details of the offer

CapitaLand (CAPL) today (14/04/2014) announced a voluntary, all-cash offer of S$2.22/share for all outstanding CMA shares (34.7%), with the offer price representing a 27% premium to 30-day VWAP of S$1.748/share, a 21% premium to last NTA of S$1.84/share and a 25% discount against our RNAV estimate of S$2.95/share. The offer is conditional upon CapitaLand receiving a minimum 90% acceptance for CMA& rsquo s shares, with CAPL proposing to fund the offer through a combination of internal cash (S$2.8billion) and incremental debt (S$0.26billion). CMA' s HK listing status will also be delisted upon completion of the offer. The SGX has opined that no shareholder approval will be required as & ldquo there will be no material change in the risk profile of the CapitaLand Group arising from the Offer& rdquo . The earliest closing date permitted under the Takeover Code would be in end May / early June.

newbie888 ( Date: 15-Apr-2014 23:20) Posted:

relax...we are all with the same objective just with different way....profit and loss are just part & parcel of trading..... dun think there is a need spoil the fun...cheers!

btw....did they mention how are they going to fund proposal? from their pocket? or by issuing rights and warrants?

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relax...we are all with the same objective just with different way....profit and loss are just part & parcel of trading..... dun think there is a need spoil the fun...cheers!

btw....did they mention how are they going to fund proposal? from their pocket? or by issuing rights and warrants?

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some people have no life.. lol.. for once and for all, yes i was wrong and lost one pip! oh my goodness..

stevenk ( Date: 15-Apr-2014 22:22) Posted:

....

stevenk ( Date: 04-Apr-2014 20:40) Posted:

Be prepare to sell if it hit your stop-loss. Probability have going up is very HIGH.

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....

stevenk ( Date: 04-Apr-2014 20:40) Posted:

Be prepare to sell if it hit your stop-loss. Probability have going up is very HIGH.

pineapple123 ( Date: 04-Apr-2014 17:33) Posted:

i shall wait till monday to see how. i only cut a portion of my overall position. the price retracement/profit taking HAS to come.

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...

stevenk ( Date: 04-Apr-2014 15:02) Posted:

Have u sell?

pineapple123 ( Date: 03-Apr-2014 19:07) Posted:

shorted at 2.94 .. Wondering when the profit taking phase will come.. property prices declined again in prev quarter.. Fundamentals not exactly rosy for property counters and i think the recent rally is more due to beta than anything else.. This is just a very superficial and vague analysis but anyone share my view?

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:)

stevenk ( Date: 03-Apr-2014 22:26) Posted:

Dont worry, the trend is reversing now. Going up now.

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A clean sheet going forward - CapitaLand to privatize CapitaMalls Asia

Written By Stock Fanatic on Tuesday, April 15, 2014

CapitaLand (CAPL SP OW S$2.92) launched a conditional all cash offer for CapitaMalls Asia (CMA SP OW S$1.81) at S$2.22/share to privatize the group, in a bid to simplify the group&rsquo s organizational structure and to deploy the surplus capital. We believe the offer price is fair for CMA. For CapitaLand, the transaction will not be all accretive financially - headline earnings and ROE accretive but book and operating earnings dilutive. That said, the technicalities of the transaction will see a reduction of &lsquo total group-wide equity base&rsquo and therefore be a potential &lsquo squeeze&rsquo on CapitaLand shares.

· Details of the offer

CapitaLand (CAPL) today (14/04/2014) announced a voluntary, all-cash offer of S$2.22/share for all outstanding CMA shares (34.7%), with the offer price representing a 27% premium to 30-day VWAP of S$1.748/share, a 21% premium to last NTA of S$1.84/share and a 25% discount against our RNAV estimate of S$2.95/share. The offer is conditional upon CapitaLand receiving a minimum 90% acceptance for CMA&rsquo s shares, with CAPL proposing to fund the offer through a combination of internal cash (S$2.8billion) and incremental debt (S$0.26billion). CMA' s HK listing status will also be delisted upon completion of the offer. The SGX has opined that no shareholder approval will be required as &ldquo there will be no material change in the risk profile of the CapitaLand Group arising from the Offer&rdquo . The earliest closing date permitted under the Takeover Code would be in end May / early June.

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· Part II

Simplifying the group structure is a key focus

Management stressed the point of simplifying the group structure and having a clean sheet going forward during the analyst briefing, and believed that the privatization of CMA makes more business sense, especially in the long run, versus a straight capital reduction at the group level given potentially better cash flow management and cost synergies. No change to CMA&rsquo s strategy, including views on capital recycling, is expected at this point. Management also highlighted that the AustraLand sale, which generated close to S$1.5billion proceeds in total, was a key funding pre-requisite for the CMA offer. In addition, the group is comfortable with the balance sheet post transaction citing all capex having been funded, although no target gearing was given.

· Working through the numbers

Management has guided for 21.5% EPS accretion and 1.3 percentage point ROE improvements against pro-forma FY13 numbers, noting that FY13 numbers would include contributions from AustraLand as well. Should both transactions be factored in, we estimate a 17% increase in headline earnings, a 1.1 percentage ROE improvement, but a 5% dilution to operating earnings and 3.6% dilution to book. Given the privatization of CMA is at S$2.22/share, or at 25% discount to our CMA RNAV estimates, we could see a potential 4.5% uplift to our CapitaLand RNAV estimates.

Technical Analysis

Daily Chart

· A move trying to &lsquo squeeze&rsquo shareholders into CapitaLand shares?

We believe that one of the reasons behind this privatization exercise is also to shrink the &lsquo total group-wide equity base&rsquo and to potentially &lsquo squeeze&rsquo some of the interest into CapitaLand and end the debate on which entity to own within the group. We estimate that should the privatization go through, CMA will contribute to 44% of the group&rsquo s RNAV on our estimates, increasing from the current 36%. Whilst we do like the group pre-transaction for its core earnings growth profile and undemanding valuation, which will remain largely intact post the transaction, we are mindful of the transaction not being financially accretive on all fronts. (Read Report)

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He might be a loser in actual world who know. People bully him. Children scold him. Friend look down on him. Wife scold him. That why he want to be king in this internet world. Poor of him.

pineapple123 ( Date: 15-Apr-2014 17:34) Posted:

you know how stupid you sound? i shorted at 2.94, covered at 2.95 when it briefly retreated last week...i accept my mistake and move on..i' ve made money by longing NOL at 0.98, in the money now, also longed ezion at 2.10..in the money also...in trading, you can never be right 100% of the time right, everyone knows that.

it is precisely now that this counter is so bullish that there is no reason to short..maybe a time to short may come again, but def not now..

this is a sharing forum, and i have no incentive to lie about my trades..if i never cover and lose money until now, then so be it, nothing to hide right..

i normally wish everyone on this forum the best of luck with their trades, but for you, i hope you lose big one day, teach you to shut your mouth..cheers.

danger ( Date: 15-Apr-2014 11:13) Posted:

pineapple and the rest of the shortists , time to go in to double up your short at $3.08

If $2.92 you wanted to short , make no sense if you dont short at $3.08

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you know how stupid you sound? i shorted at 2.94, covered at 2.95 when it briefly retreated last week...i accept my mistake and move on..i' ve made money by longing NOL at 0.98, in the money now, also longed ezion at 2.10..in the money also...in trading, you can never be right 100% of the time right, everyone knows that.

it is precisely now that this counter is so bullish that there is no reason to short..maybe a time to short may come again, but def not now..

this is a sharing forum, and i have no incentive to lie about my trades..if i never cover and lose money until now, then so be it, nothing to hide right..

i normally wish everyone on this forum the best of luck with their trades, but for you, i hope you lose big one day, teach you to shut your mouth..cheers.

danger ( Date: 15-Apr-2014 11:13) Posted:

pineapple and the rest of the shortists , time to go in to double up your short at $3.08

If $2.92 you wanted to short , make no sense if you dont short at $3.08

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i was screaming for a BUY in SIA few months at $9.45 now it is $10.45 ... eratat was up at least 10% before it got suspended . So a 9c and $10 stock .. what the heck ... no diff

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I think danger you are going overboard. Don't forget how you promoted Eratat like siao. And that counter is now suspended. How many ppl Kanna big time because of you constantly promoting that counter

Jocular ( Date: 15-Apr-2014 13:56) Posted:

Everybody here hope to buy cheap and sell high. If you are so good in trading, you will not been here. If you not happy with me, we can meet and see what we can solve out.

danger ( Date: 15-Apr-2014 13:45) Posted:

many jokers here singing the same tune ... will head lower to $2.80 or shorted $2.92

Now all gone

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CapitaLand (AD◄ ► , TP:S$3.83) - Delisting CMA: Positive
We view positively CapLand&rsquo s offer to take CMA private. Besides the strategic and operational benefits of a more streamlined and integrated platform, we think the key positive is the potential removal of CapLand' s holding company discount. Taking CMA private when its operational income is on a rise looks timely too. We lift our target price on a lower discount to RNAV of 20% (25% previously), but trim our FY14-16 core EPS forecasts by 1-6% on the recent sale of ALZ. Our estimates for CMA at the CapLand level remains unchanged for now. Maintain Add, with this event expected to be the re-rating catalyst.

Source : CIMB

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Everybody here hope to buy cheap and sell high. If you are so good in trading, you will not been here. If you not happy with me, we can meet and see what we can solve out.

danger ( Date: 15-Apr-2014 13:45) Posted:

many jokers here singing the same tune ... will head lower to $2.80 or shorted $2.92

Now all gone

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many jokers here singing the same tune ... will head lower to $2.80 or shorted $2.92

Now all gone

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Published April 15, 2014

Shares of CapitaMalls surge 22% after offer from CapitaLand

[SINGAPORE] Shares of CapitaMalls Asia surged as much as 22 per cent after Southeast Asia' s biggest property developer CapitaLand Ltd offered to buy out minority shareholders in the Singapore-listed shopping mall operator.

CapitaMalls shares hit as high as S$2.21, the highest in about 14 months. Nearly 99 million shares were traded, almost 10 times its average full-day volume over the past 30 days. CapitaLand shares jumped 5.1 per cent.

CapitaLand said on Monday it had offered S$2.22 per share for CapitaMalls, in which it already owns 65 percent. The S$3.06 billion (US$2.45 billion) deal is aimed at simplifying CapitaLand' s corporate structure and taking advantage of a discount valuation at CapitaMalls. " We see this delisting as a rational move representing low hanging fruit for earnings and ROE (return on equity) growth," OCBC Investment Research said in a report.

The deal allows CapitaLand management to deploy significant capital to assets in CapitaMalls and contribute to earnings, OCBC said, raising its target price on CapitaLand to S$3.79 from S$3.50 and maintaining its " buy" rating. - Reuters