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Almost forget counter is brewing

CalvinChia888
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07-May-2015 15:57

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Yells: "Pay It Forward Analyze The Analysts"

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During the AGM, the management did not admit nor deny the " take over rumors" .

They just said : " they wont know, all up to RL"

It means ?

CalvinChia888 ( Date: 07-May-2015 15:50) Posted:

All I can say is :

if the Company is willing to buy back PCRD shares @ 0.405, it already tells you how much the Company values PCRD.

as simple as that.

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CalvinChia888
Master

07-May-2015 15:50

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Yells: "Pay It Forward Analyze The Analysts"

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All I can say is :

if the Company is willing to buy back PCRD shares @ 0.405, it already tells you how much the Company values PCRD.

as simple as that.

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sharenewbie0301
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07-May-2015 11:18

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why won't you want to sell at peaks then collect back when the price drops? I'm new to playing shares and I've been going long forost of my shares but I'm starting to feel that it may be better to just keep selling at peaks and buying back again. What are the benefits of going long instead?

Charlie2310 ( Date: 07-May-2015 11:14) Posted:

Nope. I believe this has the potential to hit 45 cents and above.

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sharenewbie0301
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07-May-2015 11:14

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Hi, for me I feel that this company is definitely worth at least 50cents. What I want to find out is if you guys sell at peaks and then collect back when the price drops or just hold on to your shares until it reaches your targeted price.

debronic ( Date: 07-May-2015 11:07) Posted:

I think actions speak louder than words. The company made a purchase at $0.405 on 29 Apr as soon as it was able to after the share purchase mandate was renewed. A day or two after that it entered into the said blackout period and had to put on hold the buybacks since then. It is not unreasonable to assume that once the results are out on presumably on 14-15 May (earliest is 13 May since its falls 14 days after their last purchase), they will reconvene the buyback at $0.405 or higher. Until then, expect some volatility.

My advice is not to ask what others are doing with their shares and make your own judgement.Independent and educated thinking is the key to outperforming the market. You cannot expect to perform better than average if you just follow what everybody does. Just my 2cts worth.

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Charlie2310
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07-May-2015 11:14

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Nope. I believe this has the potential to hit 45 cents and above.

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debronic
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07-May-2015 11:07

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sharenewbie0301
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07-May-2015 10:49

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Hi, may I ask if you sold at previous peak?

Charlie2310 ( Date: 07-May-2015 10:22) Posted:

Goes to show the market is irrational. This is a good stock with very strong potential of privatization. There is only 3% of free float left.

Fair value is at 54 cents.

At below 40 cents, it is attractive. Just scooped up some.

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jwong016
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07-May-2015 10:43

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well, having low free float can be both a good - as u mentioned, and bad thing as well.

having control of more than 87%, he can jolly well choose not to privatize and slowly scoop up at current price, and make a low offer when he has reached 90%.

surely lots of value in this company. but look at companies like bonvests... RNAV 0.5, but boss controls 83%, minority shareholders lose out.

Charlie2310 ( Date: 07-May-2015 10:22) Posted:

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Charlie2310
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07-May-2015 10:22

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debronic
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07-May-2015 09:39

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2 weeks before quarterly results. Results are due 45 days after end of quarter so up to around 14 or 15 May.

sharenewbie0301 ( Date: 07-May-2015 07:41) Posted:

The period of blackout from when to when?

debronic ( Date: 06-May-2015 08:47) Posted:

The company is in the 2 week blackout period before quarterly results announcement and cannot buy back its shares until the results are out. It is not surprising that the share price will be a bit more vulnerable during this period.

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sharenewbie0301
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07-May-2015 09:36

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No support.... Very disappointing..... Have been holding it for so long. Anyone still holding?

Charlie2310 ( Date: 06-May-2015 22:53) Posted:

Held at 41 cents today...more upside to come tomorrow?

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sharenewbie0301
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07-May-2015 07:41

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The period of blackout from when to when?

debronic ( Date: 06-May-2015 08:47) Posted:

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Charlie2310
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06-May-2015 22:53

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Held at 41 cents today...more upside to come tomorrow?

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debronic
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06-May-2015 08:47

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sharenewbie0301
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06-May-2015 08:29

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Agreed. This should be the last time price down before privatise. By the way, how you know shortist gone?

FaceTheFact ( Date: 06-May-2015 00:13) Posted:

There are those who only talk but not vested n no action!! Continue to claim how good they are (when the stock goes up) but a bloody waste of time! We have eyes lah!

Fact is the previous 2 BIG shortees have alredi died, thanks to the company n the faith of the true shareholders. I seriously wish there could be more such shortees. Pse push the share lower, the only chance for us to accumulate and reinvest. Ppsssseeee...make it chearper, Thank you.

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FaceTheFact
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06-May-2015 00:13

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Charlie2310
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05-May-2015 23:58

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Last 2 days already re-traced back 3.5cents (8%).

Shifu8888 ( Date: 05-May-2015 23:40) Posted:

Results are impressive but a bit overrun and have factored in. Tmr will be good to short.

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Shifu8888
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05-May-2015 23:40

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Results are impressive but a bit overrun and have factored in. Tmr will be good to short.

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sharenewbie0301
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05-May-2015 16:52

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So you sold? Or?

Qanghoo ( Date: 03-May-2015 18:49) Posted:

Coy has denied BT article. Tmr kena short down already.

PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. 196300381N
ANNOUNCEMENT

Pacific Century Regional Developments Limited (the &ldquo Company&rdquo ) refers to the article published in the Business Times on 30 April 2015 entitled &ldquo Pacific Century headed for delisting?&rdquo .
The Company wishes to clarify that it is not aware of, and has not received, any proposal in relation to privatisation of the Company. In addition, the Company is not aware of any restructuring plan involving the Company and its subsidiaries.

By Order of the Board
Lim Beng Jin Company Secretary 2 May 2015

debronic ( Date: 03-May-2015 18:39) Posted:

Business times ran a similar article

SINGAPORE - An investment holding company controlled by Hong Kong tycoon Li Ka-shing' s younger son Richard Li is veering closer to the delisting threshold on the Singapore Exchange (SGX) after months of steady share buybacks, fuelling speculation about what its next move could be.

Mainboard-listed Pacific Century Regional Developments (PCRD) leapt to its highest level in more than a decade on Wednesday, jumping four cents or 9.9 per cent to S$0.445 on 11.6 million shares traded.

Vehicles controlled by Mr Li held about 85.7 per cent of the company as at Wednesday. Mr Richard Li, its billionaire executive chairman, also had 1.03 per cent, which means that the stock' s free float is down to about 13 per cent.

PCRD also looks all set to pick up even more shares, after getting shareholders' nod at an extraordinary general meeting last Friday for a fresh mandate to buy back a further 10 per cent stake.

However, it can only buy back up to around 3 per cent more before its free float falls below 10 per cent, which would trigger a suspension from trading and possible eventual delisting from SGX.

PCRD had already come up against the maximum 10 per cent buyback limit that it had been allowed in its previous mandate, which had been approved in April 2014.

It started buying back shares in late April 2014 and had accumulated 9.99 per cent by the end of March this year, just a whisker below that 10 per cent ceiling.

If its recent share buybacks were meant as a price support mechanism, they appear to have had some effect.

PCRD shares climbed above the S$0.30 mark in late January this year for the first time since May 2009, and have soared about 41 per cent over the course of this month from S$0.315 cents on April 1.

The surge could be on the back of rampant speculation over whether the company may be headed for a possible delisting, market watchers said.

" The sudden interest is possibly due to a privatisation play," said CMC Markets analyst Nicholas Teo. " Whether this has any meat, we don' t know. But the market is hungry for stories like this."

He added that Mr Li may not necessarily be planning a privatisation but rather may be eyeing a restructuring or reorganisation of his entire Pacific Century group.

The bulk of PCRD' s earnings come from its associate, Hong Kong-listed telecommunications firm PCCW Limited, going by its full-year results released in February this year.

The company said in its 2014 annual report that PCRD' S " most significant asset" was its 21.8 per cent stake in PCCW, and added that it has been PCCW' s largest shareholder since 1999.

Remisier Desmond Leong noted that the Hong Kong stock market has been far more active than Singapore' s. " A lot of Singapore stocks are undervalued.

If they were to list in Hong Kong or Shanghai, their valuations would definitely be better . . . basically Singapore is just dead."

With its recent sharp ascent, PCRD' s share price has finally drawn ahead of its net asset value (NAV). Company NAV stood at S$0.416 per share as at Dec 31, 2014, though the overall group NAV was lower at S$0.318 as at the same day.

The company continued to buy back shares even on Wednesday, picking up 103,100 shares - or 0.0038 per cent - at S$0.405 apiece.

http://stockresearchasia.com/1/post/2015/04/pacific-century-regional-developments-ltd-pcrd-will-richard-li-finally-privatise-pcrd.html

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FaceTheFact
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05-May-2015 15:18

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Simple and sweet from Market Insight .....

The most valuable asset of Pacific Century (PCRD) is its 21.7% stake in HK-listed PCCW (8 HK).

PCCW is currently worth HK$8,361.6m ($1,436.9m), compared to PCRD' s market cap of $1,218.8m. We continue to see upside from PCRD' s attractive stub valuation, as well as share price support, derived from company&rsquo s active share buybacks and cancellation.

... good luck to the faithful shareholders. You will be rewarded!

sharenewbie0301 ( Date: 05-May-2015 14:37) Posted:

I think the likelihood of privatisation still there. Keep our fingers crossed.

Charlie2310 ( Date: 05-May-2015 13:08) Posted:

Can hold up or not?

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