| Latest Forum Topics / ComfortDelGro Last:1.29 -- |
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COMFORT DELGRO - MOVING FORWARD
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rocketman
Master |
16-Aug-2021 16:19
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He still hoping for his multi year $0.20 price target.. Shake my head for him... Already told him my Crystal ball not projecting what he aim for...
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weekaykee
Master |
16-Aug-2021 16:04
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Conman may be forced to go MIA pemanently. CDG may finally start rising and cross $2.
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FALLnRISE
Member |
16-Aug-2021 16:04
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Where' s the Rocket to the Moon? 
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Starship
Supreme |
16-Aug-2021 16:03
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Strange, with such rosy rocket announcement fm ComfortDelgro today, how come the omnipresent 20c conman is MIA? 
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weekaykee
Master |
16-Aug-2021 16:02
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Surprised with the market' s delayed reaction to the IPO news. Take so long for investor to realise the potential impact of the listing?
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Starship
Supreme |
16-Aug-2021 15:56
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Entropy72
Master |
16-Aug-2021 15:16
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ComfortDelGro looking to float Australian unit by year endSINGAPORE - Singapore-listed transport group ComfortDelGro Corp is looking to float its wholly owned Australian subsidiary by the end of the year. The group, which posted an interim net profit of $91 million for the period ended June 30, said in a statement on Monday (Aug 16) that ComfortDelGro Corp Australia will be listed on the Australian Securities Exchange. ComfortDelGro said the move was intended to " unlock the value of the group' s significant land transport business assets in Australia" . The Australian unit has some $1.23 billion in non-current assets. A two-week roadshow was conducted in June to introduce the Australian transport business to investors. The initial public offering (IPO) will exclude the group' s cab business in Perth. ComfortDelGro chairman Lim Jit Poh said the Australian unit is now 16 years old and " has been a significant contributor to the Australian public transport scene" . " We believe the time is now right to share this Australian growth story with Australian investors." ComfortDelGro' s operations are present in Sydney, Melbourne, Brisbane and Darwin. The group has appointed Credit Suisse Australia and UBS Australia as the IPO managers. The exercise is subject to prevailing market conditions and relevant approvals, and should be completed before the year end if all goes well. ComfortDelGro operates in six states and territories in Australia - New South Wales, Victoria, Western Australia, Canberra, Northern Territory and Queensland - with a total fleet of about 4,400 buses, coaches and ambulances. With a total investment of $1.17 billion to date, Australia is now the group' s single largest overseas operation. For the year ended last Dec 31, the Australian businesses generated revenue of $608 million. ComfortDelGro said it will release more details on the proposed listing " when there are material developments" . When asked if it would do the same for its other overseas units, the Singapore-headquartered group said: " We are constantly reviewing our businesses and portfolio and, where it makes sense, will look at the various options available to maximise returns on our investments." |
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ahbui8
Master |
16-Aug-2021 15:08
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If Aus IPO very positive, should reach at least $1.76 this week. $1.76 is only 1.4x PB still cheap. | ||||
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kiseki_2818
Master |
16-Aug-2021 15:08
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thank you rocketman. for thte another good hint. huat ah.
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Fluffyclouds
Master |
16-Aug-2021 13:41
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Can always reposition yourself later part? I strongly believe its a company that we wont forget after world open up for travel. With variant mutating and awareness of hygiene. hopefully they gain back the momemtum!
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ringo88
Senior |
16-Aug-2021 13:38
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Yup.. ran very fast from MT when it was at 1.50+.. fortunate to have bought from 50¢. Havent touched it since 😊
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Fluffyclouds
Master |
16-Aug-2021 13:36
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Looking at $1.7 short term, medium $2. Anything beyond depends on recovery play. At current price is a steal!
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weekaykee
Master |
16-Aug-2021 13:35
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Expected more aggressive upward price movement in view of the IPO being confirmed and a likely special dividend. Maybe will catch up later.
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Fluffyclouds
Master |
16-Aug-2021 13:34
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Yo, dont be emotionally attached to stocks! If stocks shows signs of retreat, put money in the bank first. I am actually more active in other platform (investingnote). Now into crypto & us stocks more.
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ringo88
Senior |
16-Aug-2021 13:33
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Fluffyclouds! Haven't seen you since the early MT days. How's things?
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Fluffyclouds
Master |
16-Aug-2021 13:23
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With listing and recovery play in sight, a better place to put my money in. Vested, lfg! |
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beng1102
Elite |
16-Aug-2021 13:15
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Just get this news:
ComfortDelGro (CDG) announced, on Aug 16, that it is pursuing an initial public offering (IPO) on the Australian Securities Exchange (ASX) for its wholly-owned subsidiary, ComfortDelGro Corporation Australia (CDC). The IPO is planned for the last quarter of 2021. The move will unlock the value of the group&rsquo s &ldquo significant land transport business assets&rdquo in Australia.
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Value28
Member |
16-Aug-2021 13:12
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great conviction and good call !
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FALLnRISE
Member |
16-Aug-2021 13:05
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I bought some too... Joining the boat ride... 
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beng1102
Elite |
16-Aug-2021 13:03
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As predicted it go above 1.65 in one or 2 days. Time is early to pump it up futher before others do so.
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