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Fragrance
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orangekun
Member |
27-Mar-2014 15:32
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Please share some of the information when you are back. Thanks.
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orangekun
Member |
26-Mar-2014 19:31
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packet lunch ? You mean Cai Fan ? | ||||
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Secret_Squirrel
Elite |
25-Mar-2014 21:16
Yells: "Stay curious but skeptical" |
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AGM this coming Friday, 28 March 2014 at 9.00am at 168,Changi Road, #05-01 (Attic Level) Fragrance Building, Singapore 419739. |
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dogbone1
Senior |
17-Mar-2014 23:02
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Today closed 24.5 cent not much speculation.
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orangekun
Member |
17-Mar-2014 08:42
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I only think penny stocks are those with no track record of earnings and can still bull the market on speculations. | ||||
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Vision338
Member |
17-Mar-2014 07:34
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Penny grow-stock... | ||||
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infoshare
Senior |
17-Mar-2014 01:25
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this company has share price like a penny stock but its not a penny stock it can do reverse split if it wish too and major shareholders have controlling stakes and can steer it the way they wish to |
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jomini
Veteran |
16-Mar-2014 15:49
Yells: "slow down, think, question" |
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seems like the brokers cant agree on this one. uob sent this Last night, Mr. Koh Wee Meng made a voluntary unconditional cash offer for all the issued ordinary shares in the capital of Global Premium Hotels Limited (GPHL), other than those shares owned, controlled or agreed to be acquired by the offeror and his concert parties. The offer, at an offer price of S$0.33, is unconditional in all respects. Mr. Koh intends to maintain the listing status of GPHL. Fragrance Group Limited (FGL), which currently holds 550m GPHL shares, has also announced a proposed dividend in specie of these shares to the shareholders of FGL (including the offeror) on a pro rata basis of 0.08 GPHL share for each FGL share held. The proposed distribution is expected to be effected after the close of the offer. The offeror?s aggregate interest in GPHL amounts to 621.5m shares, representing approximately 59.08% of the issued share capital of GPHL (6.80% is direct interest and 52.28% is from his interest in FGL). Shareholders are adviced to ACCEPT THE OFFER. While we note that for 4Q13, revaluation gain of land and hotel buildings of S$259.5m helped to boost NAV to 64.0 S cents as of end-Dec from 39.6 S cents as of end-Sep, GPHL has been trading at an average price of around S$0.26 over the past year and the offer price reflects a reasonable premium over this average price.
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orangekun
Member |
16-Mar-2014 11:26
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Who is going to agm.. need to take half day leave. Can someone q him about the overseas projects that they are planning, since they have only 3 to 4 upcoming projects only in singapore. Can also ask about the current projects and their estimated top? | ||||
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dogbone1
Senior |
16-Mar-2014 10:19
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From : Lim & Tan Securities
Separately, Mr Koh Wee Meng has also announced his intention to make a voluntary unconditional cash offer for GPHL at $0.33 per share. He currently owns about 59.08% stake in GPHL, based on his direct and deemed interest in FGL. We understand that Mr Koh is making the offer to increase his shareholdings in GPHL and intends to maintain the listing status of the Company. Due to the unattractive offer price (which represent only 0.52x FY13 P/B), we suggest minority shareholders to
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jomini
Veteran |
16-Mar-2014 02:20
Yells: "slow down, think, question" |
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we both know tts not a gd comparison. i guess u also shld know tt its not as simple as extrapolating the current rate of growth. i guess u re right to look at his incentives too. he gets to take home 6-7mio per year if he keeps fragrance listed but only 1/4 mio if he keeps gp listed. what else do u see in fragrance? |
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Secret_Squirrel
Elite |
15-Mar-2014 18:28
Yells: "Stay curious but skeptical" |
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But Mr Koh's renumeration in Fragrance as executive chairman and CEO is between S$6,500,000 to S$7,000,000 whereas in GP Hotel as a Chairman, his remuneration is less than S$250,000. Fragrance Group profit after tax for 2013 is $247,760,000 an increase of 96.6% over 2012. GP Hotel 2013 net profit is only $19,371,000 increase of 5% over 2012. Clearly Fragrance Group is more profitable with its property arm. According to the annual report, this is the 9th straight year since the IPO in 2005 that they achieve higher revenue and profit. |
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jomini
Veteran |
15-Mar-2014 17:18
Yells: "slow down, think, question" |
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mr koh's behavior seems to suggest that fragrance is not as valuable as gp. he wants to take gp private but he wants to boost mkt valuation of fragrance--so he can sell back?
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Secret_Squirrel
Elite |
15-Mar-2014 15:41
Yells: "Stay curious but skeptical" |
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Fragrance Group is holding their AGM on 28 March 2014 at 9.00am at 168,Changi Road, #05-01 (Attic Level) Fragrance Building, Singapore 419739. Let's go and hear what they say. See what plans they have in future. |
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kelvinLim123
Master |
15-Mar-2014 11:01
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Penny stock are not for investment, for speculating. Please take note. Quick in and out, swing trade,
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HVRRVH
Elite |
15-Mar-2014 10:56
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I will buy more if price go down, but doubt it will go down too much, if at all. I am essentially buying 2 listed shares just by buying fragrance share. I see long term uptrend. Now St James also offer to buy PCRT and other assets and I also see value in it. Good opportunity to really invest and stay away from penny stocks. | ||||
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orangekun
Member |
15-Mar-2014 10:29
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From Lim & Tan Fragrance Group (FGL) is proposing to distribute to its shareholders substantially all of the 550,000,000 ordinary shares of Global Premium Hotels Ltd (GPHL) held by the Company. Subject to approval at an EGM, shareholders will receive 0.08 GPHL share for each FGL share held, at no cost to them under the proposed dividend in specie. According to management, this move is in alignment with the overall restructuring process that involved the listing of GPHL in 2012 and allows FGL to focus on its core businesses. We think that the proposed exercise may potentially lead to a positive re-rating of FGL to its true market value with the removal of the conglomerate discount. As such, we are recommending a Buy on FGL |
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dogbone1
Senior |
14-Mar-2014 22:09
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He is helping his shareholders and also himself
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Secret_Squirrel
Elite |
14-Mar-2014 17:31
Yells: "Stay curious but skeptical" |
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He is Zhuge Liang. Can create wealth from laggards. | ||||
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shygiraffe
Member |
14-Mar-2014 14:58
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totally agree.... mr koh very smart businessman! | ||||
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