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caringfather360 Senior	29-May-2014 13:46        caringfather360 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Amazing.. will this climb steadily to the IPO price ?  RoundRound      ( Date: 26-May-2014 15:59) Posted: HPH Trust silently move up from around 65 US cts to current 73.5 US cts, and that is after dishing out generous Dividend. Feel happy for the investors here. Sold mine way too early last year.
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RoundRound Elite	26-May-2014 15:59        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 1  Alert Admin	HPH Trust silently move up from around 65 US cts to current 73.5 US cts, and that is after dishing out generous Dividend. Feel happy for the investors here. Sold mine way too early last year.
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sun233 Elite	29-Apr-2014 11:44        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree with yr view. Not a good quater at all. Creative accounting......  Even forward looking statements had back pedalling written all over it. They will built b/c situation improving but might delay if outlook turns sour !! Etc etc sheerluck      ( Date: 28-Apr-2014 23:46) Posted: My reasonings are these: In 2013, they borrowed HK$4,000mil and spent HKD$3,868 to acquire ACT.   Following that the net borrowing is HK$647mil.   So in FY2013 there is a net inflow of HK$779mil  from these events.   Assuming they borrow just enough to buy ACT and don' t borrow any more that year, FY2013 Q1 cash balance will be HK$3,763mil and  FY2014 Q1 cash balance  will be  HK$4,168mil.   But wait, they paid less dividend for FY2013.   If they maintain the same payout as 2012, the actual  FY2014 Q1 cash balance  will only be  HK$2,061mil.   So cash balance improves beccause they borrowed more than they spent and paid unitholders less.   I cannot clasifiy that as a real improvement in cash balance. They did said that the gain from the disposal of ACT is HK$125mil but in their Q1 report para 8: Other operating income was HK$245.7 million, representing HK$240.2 million or 4,367.3% above last year. The increase was largely due to the net gain of HK$243.8 million arising from the disposal of 60% effective interest in ACT. Okay, will probaly need to understand why they are different but anyway I deducted that  HK$243.8mil from their net profit.   This gives only  HK$315mil.   This is the lowest in all quarters so far. Anyway, I am not talking down HPH.   Even with all this smart accounting, its div yield is still one of the highest in the market. Not a call to buy or sell.   DYDD.   darkknight      ( Date: 28-Apr-2014 22:13) Posted: how so that it is the worst quarter? i thought cash flow minus the one time gain is still higher comparatively against same period last year? The P& L gain  should only be  HK$125M if i am not mistaken, and net profit is still higher after discounting that?
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sheerluck Supreme	28-Apr-2014 23:46        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	My reasonings are these: In 2013, they borrowed HK$4,000mil and spent HKD$3,868 to acquire ACT.   Following that the net borrowing is HK$647mil.   So in FY2013 there is a net inflow of HK$779mil  from these events.   Assuming they borrow just enough to buy ACT and don' t borrow any more that year, FY2013 Q1 cash balance will be HK$3,763mil and  FY2014 Q1 cash balance  will be  HK$4,168mil.   But wait, they paid less dividend for FY2013.   If they maintain the same payout as 2012, the actual  FY2014 Q1 cash balance  will only be  HK$2,061mil.   So cash balance improves beccause they borrowed more than they spent and paid unitholders less.   I cannot clasifiy that as a real improvement in cash balance. They did said that the gain from the disposal of ACT is HK$125mil but in their Q1 report para 8: Other operating income was HK$245.7 million, representing HK$240.2 million or 4,367.3% above last year. The increase was largely due to the net gain of HK$243.8 million arising from the disposal of 60% effective interest in ACT. Okay, will probaly need to understand why they are different but anyway I deducted that  HK$243.8mil from their net profit.   This gives only  HK$315mil.   This is the lowest in all quarters so far. Anyway, I am not talking down HPH.   Even with all this smart accounting, its div yield is still one of the highest in the market. Not a call to buy or sell.   DYDD.   darkknight      ( Date: 28-Apr-2014 22:13) Posted: how so that it is the worst quarter? i thought cash flow minus the one time gain is still higher comparatively against same period last year? The P& L gain  should only be  HK$125M if i am not mistaken, and net profit is still higher after discounting that? sheerluck      ( Date: 28-Apr-2014 21:38) Posted: Really?   If you take off the once-off gain from the disposal of 60% ACT for a more comparable basis, this quarter result is by far the worse.
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Goldfinger Supreme	28-Apr-2014 23:02        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m not sure about this being the worst quarter, but I am relieved that they have  bucked the trend of declining profits, there' s  sizeable cash balances  in the books to pay dividends,  and the  outlook for 2014 message  from management is quite positive. sheerluck      ( Date: 28-Apr-2014 21:38) Posted: Really?   If you take off the once-off gain from the disposal of 60% ACT for a more comparable basis, this quarter result is by far the worse.  Flyordie      ( Date: 28-Apr-2014 21:26) Posted: Q1'14 result is awesome. Up!
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InvestNotTrade Senior	28-Apr-2014 22:43        InvestNotTrade About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "seekingprivatereturns.blog"
x 0   x 0  Alert Admin	They only distribute semi-annually, in June and Dec interfact      ( Date: 28-Apr-2014 22:32) Posted: Any dividend this time rd?
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interfact Senior	28-Apr-2014 22:32        interfact About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any dividend this time rd?
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darkknight Member	28-Apr-2014 22:13        darkknight About Contact  Quote this Post!
x 0   x 0  Alert Admin	how so that it is the worst quarter? i thought cash flow minus the one time gain is still higher comparatively against same period last year? The P& L gain  should only be  HK$125M if i am not mistaken, and net profit is still higher after discounting that? sheerluck      ( Date: 28-Apr-2014 21:38) Posted: Really?   If you take off the once-off gain from the disposal of 60% ACT for a more comparable basis, this quarter result is by far the worse.  Flyordie      ( Date: 28-Apr-2014 21:26) Posted: Q1'14 result is awesome. Up!
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sheerluck Supreme	28-Apr-2014 21:38        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Really?   If you take off the once-off gain from the disposal of 60% ACT for a more comparable basis, this quarter result is by far the worse.  Flyordie      ( Date: 28-Apr-2014 21:26) Posted: Q1'14 result is awesome. Up!
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Flyordie Veteran	28-Apr-2014 21:26        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	Q1'14 result is awesome. Up!
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Flyordie Veteran	14-Apr-2014 22:32        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
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Flyordie Veteran	13-Apr-2014 22:29        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	Hahaha. Ever heard this rumor...
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cheng987 Veteran	13-Apr-2014 18:16        cheng987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope so, if merge 100 % CHEONG. TUA HUAT !!!
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Azzaramich Member	13-Apr-2014 17:50        Azzaramich About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will PSA and HPH merge?
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Goldfinger Supreme	13-Apr-2014 10:53        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yah really want to collect more at lower prices..
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junction Master	13-Apr-2014 10:44        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who knows, it may happen since Temasek got a slice of Watsan from Li Kah Shing.  However, anything from this fellow does not come cheap. RoundRound      ( Date: 10-Apr-2014 16:32) Posted: Wow! Up US$0.03. Don't tell me Temasek is giving Li Ka Shing another giant Ang Bao after buying a stake in A.S. Watson for billions
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Flyordie Veteran	12-Apr-2014 16:32        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	Drop more and I buy more... :)
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RoundRound Elite	10-Apr-2014 16:32        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	Wow! Up US$0.03. Don't tell me Temasek is giving Li Ka Shing another giant Ang Bao after buying a stake in A.S. Watson for billions
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sun233 Elite	31-Mar-2014 13:01        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wait a while.....North n South Korea exchange fire..............
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cheng987 Veteran	30-Mar-2014 20:24        cheng987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Flyordie      ( Date: 30-Mar-2014 14:00) Posted: HUH go go go! (Received dividend yesterday, tomorrow buy more to keep!)
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