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EAGLE Hosp Reit US$ @$0.780 cents Post Reply Rate topic
lailai Elite	29-Oct-2019 15:03        lailai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Support at 57.5 now seems weak. Doubt it can be any better tomorrow, just opinion. If shorties keep pumping to trap contra players, and then dump, what can contra players do other than cut small loss early or cut bigger loss later.
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CheeryVGoh Supreme	29-Oct-2019 12:16        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	POSTED BY:  LESLIE SHAFFER  MONDAY, 28 OCTOBER 2019 16:58:28 This article was originally published on Monday, 28 October 2019 at 16:43 SGT it has since been updated with more details. Eagle Hospitality Trust confirmed Monday that  neither the REIT nor its sponsor, Urban Commons, were in default  of the terms of the ground lease for the Queen Mary property. The trust had rebutted Thursday  claims in an Edge Singapore article  that the Queen Mary, one of its 18 U.S. hospitality properties, has fallen into structural disrepair and could be found in default. The Queen Mary is a decommissioned ocean liner which has been converted into an upscale hotel with 347 rooms it is moored in Long Beach, California. The Edge had pointed to reports Long Beach&rsquo s economic development director, John Keisler, had sent a letter on 1 October to Taylor Woods, the CEO of Urban Commons, which is the trust&rsquo s sponsor, saying it had not met its obligations under the lease to repair the vessel and warning of a potential default by the end of the month. But Keisler clarified that the letter is considered a formal request for information and not a notification of default, Eagle Hospitality Trust said in a filing to SGX Monday. According to the filing, the clarification letter from Keisler, he said: &ldquo Formal documentation of issues between landlord and tenant is a normal practice of good lease management but does not establish default. I am happy to report that the City has received Urban Commons&rsquo written response to its October 1st letter and is currently reviewing the proposed plans to cure issues of concern.&rdquo Urban Commons has also sent the city two letters from separate engineering firms, one confirming structural integrity and the other that the first firm&rsquo s actions to repair the hull were adequate for keeping the vessel in its current stationary location, the trust said. The REIT also noted that capital expenditure on the Queen Mary isn&rsquo t its responsibility, with the costs to be borne by an affiliate of its sponsor. The city has required five items of work to be addressed and United Commons has estimated the cost at up to US$7 million, the trust said in  a separate filing to SGX answering queries from SGX. The five items were exterior paint on the hull, funnels and top of house areas repair of expansion joints, including missing plate bilge repair and rust remediation side shell and lifeboats and general maintenance, the filing said. It added United Commons has provided the REIT manager with a timeline for completing the works. The trust added that in the event of a default, the REIT has a contractual right to perform the maintenance obligations itself, with reserve mechanisms in the lease to provide funding. &ldquo If UC fails to satisfy its repair and maintenance obligations under its sublease, the Eagle Queen Mary Subsidiary has the unequivocal right to terminate the Queen Mary master lease and enter into a new master lease with another party,&rdquo the REIT said. If both United Commons and the subsidiary were to default, the agreement with the city still provides a cure period of 60 days or longer, the REIT said.   jamesng      ( Date: 29-Oct-2019 10:24) Posted: Buy some for the dividend and keep for long term..... )
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jamesng Master	29-Oct-2019 10:24        jamesng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buy some for the dividend and keep for long term..... )
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laksaman57 Supreme	29-Oct-2019 10:19        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Congrat all who bought cheap 💰
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laksaman57 Supreme	29-Oct-2019 10:14        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Timing bey zhun but my research on EHT is as zhun as I did on Kep-KBS mah. danger      ( Date: 29-Oct-2019 10:09) Posted: you bey zhun .. buy 68 cents also wrong... say buy 48c also wrong laksaman57      ( Date: 29-Oct-2019 10:07) Posted: 48cts not possible liao😦 , 58cts bopian loh 😃
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laksaman57 Supreme	29-Oct-2019 10:10        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haiz 😤 ... EHT clarified too fast ... there goes my 48cts laksaman57      ( Date: 29-Oct-2019 10:07) Posted: 48cts not possible liao😦 , 58cts bopian loh 😃 danger      ( Date: 29-Oct-2019 09:56) Posted: Laksaman load to average again at 58c already or not ?
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danger Supreme	29-Oct-2019 10:09        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	you bey zhun .. buy 68 cents also wrong... say buy 48c also wrong laksaman57      ( Date: 29-Oct-2019 10:07) Posted: 48cts not possible liao😦 , 58cts bopian loh 😃 danger      ( Date: 29-Oct-2019 09:56) Posted: Laksaman load to average again at 58c already or not ?
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laksaman57 Supreme	29-Oct-2019 10:07        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	48cts not possible liao😦 , 58cts bopian loh 😃 danger      ( Date: 29-Oct-2019 09:56) Posted: Laksaman load to average again at 58c already or not ?
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danger Supreme	29-Oct-2019 09:56        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Laksaman load to average again at 58c already or not ?
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RickyCheng Member	29-Oct-2019 09:46        RickyCheng About Contact  Quote this Post!
x 0   x 0  Alert Admin	To share from  https://investmentmoats.com/money-management/reit/eagle-hospitality-trust-queen-mary/ Update on 28th October: Eagle Hospitality Trust provided some answers to the queries by SGX. In the answers, EHT updated that should Urban Commons break the master lease, the amount of repair that EHT is liable for  contractually is US$7 million.
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prophetjul Master	29-Oct-2019 09:34        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems there are lots of news and speculations on EVERYTHING!    Just have one comment. On ship building and repairs. i have done some ship repairs and conversion before. USD200 mil for ship repairs is an almighty sum. It would basically mean VERY major repair and rehabilitaion works that the ship will be out of operations for at least 18 to 24 months and docked for the repairs. Bear in mind this is not an ocean faring ship. Its just a laid up vessel. So it would most probably mean that most repairs are structural in nature.  Therefore, it could mean only 8 to 12 months repair time.  However, in situ maintenance will not cost that much if the repairs are minor in nature. Most major repairs will have a life tenure. It would be good to know when the last major structural repair was carried out.
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Subaru2018 Senior	29-Oct-2019 09:20        Subaru2018 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ok cleared some at 59cts , small 3cts profit .....Tq.... lau Sai got Lau Sai way of making money.....haha
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chengwh1 Elite	29-Oct-2019 09:15        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Steady people,... value trap or yield trap possibility here,...
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prophetjul Master	29-Oct-2019 09:10        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Eagle has flown shk363      ( Date: 29-Oct-2019 09:08) Posted: ship has left
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shk363 Elite	29-Oct-2019 09:08        shk363 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ship has left
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prophetjul Master	29-Oct-2019 09:03        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	59 cents
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CheeryVGoh Supreme	29-Oct-2019 08:58        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Buy /sell at 0.58 pre-opening danger      ( Date: 29-Oct-2019 08:44) Posted: Looks like EAGLE is going to flying up to 64cents or higher again
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danger Supreme	29-Oct-2019 08:44        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Looks like EAGLE is going to flying up to 64cents or higher again
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Goldfinger Supreme	29-Oct-2019 08:40        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Again - I wonder why The Edge is focusing on Analyst comments that were made before the latest announcement on the updated repair costs. Like really still want to bark and pick at the bone.   danger      ( Date: 29-Oct-2019 08:32) Posted: THE EDGE REPORTED AGAIN EHT ' s manager says ship repair cost of US$235 million grossly inaccurate as units trade at huge discount to NAV EHT  &rsquo s manager replied on Oct 28 that &ldquo   the Marine Survey&rsquo s estimate of scope of work and costs was grossly inaccurate and does not reflect UC&rsquo s actual obligations at the property. UC has been working with the City since 2016 to address any needed repairs. Presently, the City only requires repairs with respect to the noted items, which have a total estimated cost of up to US$7 million, such items will be paid for by UC utilizing the multiple capital reserve mechanisms built into the leases . Analysts are estimating that should the value of the Queen Mary be written down to zero, and she no longer contributes to rental income, EHT&rsquo s FY2020 DPU would drop by 22% to 5.12 US cents from 6.6 US cents, and EHT&rsquo s NAV would drop to 69 US cents from 87 US cents. EHT last traded at 54 US cents, a discount of 21.7% to its lowered 69 US cents and at 37.9% to book NAV, and at a DPU yield of 9.48% based on its projected DPU excluding The Queen Mary
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danger Supreme	29-Oct-2019 08:38        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	37.9% to book NAV, and at a DPU yield of 9.48% based on its projected DPU excluding The Queen Mary
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