| Latest Forum Topics / Croesus RTrust |
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CROESUS Forum
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MichaelSchenker
Master |
15-May-2017 10:17
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Gapped up 1.5 cents upon opening this morning. Looking set to rise further. Currently trading at 0.990/0.995 Last done 0.995 Congrats to all holders.   |
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Goldfinger
Supreme |
15-May-2017 08:37
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You're quite right - DPU up over 10% and interest costs down over 10%.
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Dinodx
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15-May-2017 08:31
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Nice set of results | ||||||||||||||||||||||||||||||
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Dinodx
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15-May-2017 08:24
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Nice set of results | ||||||||||||||||||||||||||||||
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Goldfinger
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15-May-2017 07:23
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It's not easy to find a good stock like this that pays generous dividends, consistently outperforms and has freehold assets in an economy that is trending up with growth prospects. 20 cent upside only translates to 3 years of DPU. Let's face it, how many of such counters are left on our lowly SGX? | ||||||||||||||||||||||||||||||
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MichaelSchenker
Master |
14-May-2017 21:04
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This is quite true... However, based on market behaviour, if there is no sale, price would probably go back to 70 to 80 cents, which means it take a few years to cover back the principal loss. Yes and No for this counter: Yes 1)   Potential sale, market always react positively if the deal is firm 2) Current book value of $1.003 against last traded price of $0.97 3) Good, regular dividend of 7+ cents yearly No 1) Price ran up from lower 90 cents since announcement regarding potential sale. 2) Chart does not look good for the past few trading sessions. 3) As with many takeover bids, it could take months, not to mention having not materialise at all. Any other opinions, anybody?  
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Goldfinger
Supreme |
14-May-2017 20:35
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Frankly I would rather receive great dividends of 7-8cts for the next 20-30 years than get a 20cent profit from an acquisition. | ||||||||||||||||||||||||||||||
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MichaelSchenker
Master |
14-May-2017 20:19
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Price/book value is 1.003 Last traded price: 0.97 So, this stock has ran up a bit since news broke re potential acquisition of all units of CRT. May or may not be successful, but of course negotiation is on-going. This stock also pays quite good dividends. Then again, looking at the past 12 month chart, it is really hard to predict what the " strike price" is, if indeed there is an offer. My take is, it should not be lower than $1. Maybe $1.2 to $1.4? Maybe, maybe not. 0.97 is still a good bet. |
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hp3000
Veteran |
03-May-2017 11:57
Yells: "Huart Ah !! Count $$$$$ liao" |
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Here is the daily volume (26 Apr is the news of delisting). Now the average  vol is about 2 to 3 millions.  daily.
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Dinodx
Member |
03-May-2017 11:07
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Yea man... quietly.. 2mil shares already...
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hp3000
Veteran |
02-May-2017 13:26
Yells: "Huart Ah !! Count $$$$$ liao" |
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This stock seem like in the collecting mode. The vol is about 2 to 3 millions.  Haha the chance of delisting seem quite high :D |
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TenPips
Veteran |
28-Apr-2017 11:44
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Some fear in the market.  http://www.straitstimes.com/world/united-states/donald-trump-warns-of-major-conflict-with-north-korea  " Any direct US  military action would run the risk of massive North Korean retaliation and huge casualties in Japan and South Korea and among U.S. forces in both countries." |
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hp3000
Veteran |
28-Apr-2017 11:38
Yells: "Huart Ah !! Count $$$$$ liao" |
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Haha pple cheong to buy while new of delisting out. But now no confirm yet the price start to drop abit. Hopefully it can go through and the price of offering should be good. Guess can get offer of $.120 to $1.3
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eagleeyes1989
Master |
27-Apr-2017 08:56
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opening at 1.02 |
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Secret_Squirrel
Elite |
26-Apr-2017 21:43
Yells: "Stay curious but skeptical" |
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Those who bought it at 78 cents last year will be laughing all the way to the bank if they did not sell it. I bought 10 lots last year at 78 cents, but sold it off at 86 cents. 
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eagleeyes1989
Master |
26-Apr-2017 21:12
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$1.2 is not crazy and a possible price point for acquisition.  i bet all those who didnt join the boat while price was below $1 must be kicking themselves now!!  |
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Goldfinger
Supreme |
26-Apr-2017 20:01
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To make me sell - $1.20+
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eagleeyes1989
Master |
26-Apr-2017 19:49
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normally its TEV/ PE.. or in some cases DCF valuation. Honestly though for CRX it has been one of SGX' s most consistent and stable stocks and investors generally have always been optimistic about it' s prospects. the constant stream of high yield dividends should also be taken into account. so you can say its a mixture of tangible and intangible factors. if a company like Innovalues can be acquired @ $1.01 per share i think CRX maybe can be acquired at relatively higher price. $1.50 would be an optimistic valuation. $1.115 more realistic and conservative.  |
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sweetbear90
Member |
26-Apr-2017 19:39
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what would be a fair value to pay for croesus? |
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eagleeyes1989
Master |
26-Apr-2017 18:09
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CRX all time high was at around 1.088.. anyone here thinks it can breach that? today' s closing was very very strong.  even if price rose too fast today, you can be sure there will be ALOT of buyers camping tmrw below $1.. so i think it could likely trend higher tomorrow. Sellers will be eager to hold with news of privatisation. Likely to be alot more buyers than sellers in the next few days.  Huat ah!!! |
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