| Latest Forum Topics / Wee Hur Last:0.65 -- |
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Y venture - UOB TP $0.28
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QueenMaya
Senior |
16-Jan-2025 21:54
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My guess is about 20 cts dividend. Such a good windfall in a short period
of time. Make sense to reward shareholders comprising their own family.
After dividend a big amount remains for future expansion.
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beng1102
Elite |
16-Jan-2025 09:52
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reloaded 200 lots @0.445. Very likely to go up as correction looks over. I expect a strong gain today.
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MarcLim
Veteran |
13-Jan-2025 15:38
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Buy 45c and below. next 47, 49 and above 50c swee. maybe reduce to $100M as special dividend. 10c at least 20%+ div. target 55 Huat all.
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hschsc
Master |
10-Jan-2025 15:34
Yells: "Invest in financially healthy companies" |
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This will cost 183.8 mils.
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jlong0005
Senior |
10-Jan-2025 14:48
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How to give 20c? The cash surplus from the proceed is only 320m. Common shares 919m.
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Slowturtle
Senior |
10-Jan-2025 14:32
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Special dividend of $0.20 seems very optimistic when normal dividend is 1 cent the most. All the best for those who invested after the bull run last year. | ||||
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finjungle
Veteran |
09-Jan-2025 20:17
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You hit the bulls eye. The " special dividend" is factored into the current share price.
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Lightyear
Veteran |
09-Jan-2025 17:36
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No point buying now.. too late.. it went up more than $0.20 cents already, so if dividend announced or worst no dividend. The drop will be back to below 30 cents | ||||
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ysh2006
Supreme |
09-Jan-2025 15:23
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No mention of special dividends money they make keep it for reinvestment ...ask them during EGM when time come to verify.. | ||||
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SmallSmall
Supreme |
09-Jan-2025 09:17
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Today' s Straits Times HARD COPY Wee Hur asset sale may see it declare special dividends Ven Sreenivasan Senior Columnist PhillipCapital surprised the market on Jan 3 by initiating coverage on Singapore-listed Wee Hur Holdings with a " buy" recommendation and a price target of 62 cents, substan- tially above the stock' s closing price of 42 cents on Jan 2. The report caught the market' s attention for asserting the " strong likelihood" that Wee Hur may hand out special dividends following the company' s announcement in De- cember of the sale of its student ac- commodation assets in Australia for A$1.6 billion (S$1.37 billion) to real estate services provider Greys- tar. The seven-property purpose- built student accommodation (PBSA) portfolio, with more than 5,500 beds across key Australian cities, is 50.1 per cent owned by Wee Hur, with Singapore sovereign wealth fund GIC holding the re- maining 49.9 per cent interest. For its stake, Wee Hur will poten- tially rake in net proceeds amount- ing to $320 million in cash, pend- ing shareholders' consent and reg- ulatory approvals. The company, through a subsidiary, will hold a 13 per cent stake in the new owner- ship, worth A$208 million. For the first half year to June 2024, Wee Hur reported a net profit of $75 million, with almost $60 mil- lion coming from the PBSA joint venture with GIC. For the second half, the company is likely to report similar numbers, and perhaps even a bigger contribution from the joint venture, now that a price has been agreed upon for the sale. Assuming the second-half profit matches that of the first half, Wee Hur would make a full-year profit of $150 million, giving the stock a price-earnings multiple of 2.6 times. The final tranche of proceeds from Wee Hur' s sale of a 49.9 per cent stake in its PBSA portfolio to GIC i now been ed to an am be pai en GIC is due sometime in 2025. But now that the entire portfolio has been sold and with the deal expect- ed to be completed by June 2025, an amount of A$19.8 million should be paid to Wee Hur imminently. At half year in June, Wee Hur had $117 million in cash. If one were to add this to the $320 million from the sale A$19.8 million for the final tranche of proceeds from GIC another $20 million to $30 million from the rental of PBSA and work- ers' dorm for the second half and a high-occupancy performance bo- nus from the PBSA deal with GIC (estimated at over $20 million), Wee Hur could accumulate cash of about $500 million on its balance sheet in 2025. What can the company do with all this money? In its Jan 3 report, PhillipCapita said: " Given the group' s track rec ord of declaring special dividende during strong financial perfor- mance, we believe there is a strong likelihood that special dividends may be announced." How much could the company pay out? Wee Hur has been conserving cash in recent years to build up its PBSA portfolio. But now that one PBSA portfolio has been sold, members of the controlling family might see it fit to be rewarded. According to its last annual re- port, just 34 per cent of Wee Hur shares were in public hands. If so, almost 70 per cent of any dividends paid would go to the controlling shareholders, the Goh family. If Wee Hur paid out $200 million, it would work out to almost 22 cents per share. This would still leave the company with a cash bal- ance of $300 million. Going forward, Wee Hur' s in- come-yielding portfolio would comprise 25,744-bed workers dor- mitories (at rental of $500 to $600 per bed per month), and two more PBSAs in Australia (one 400-room in operation and one 600-room in development). It also has a 69,604 sq m plot of land in Brisbane, its construction and property devel- opment business, and a 13 per cent stake in the new Greystar entity. Centurion Corp, another compa- ny with workers dormitories and student accommodation, on Jan 7 announced that it is looking to place its properties under a real es- tate investment trust. If Wee Hur follows suit, it could reap at least another $500 million, while the to- tal valuation of the company would be $1 billion. |
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superstartup
Supreme |
09-Jan-2025 09:14
Yells: "Enjoy doing Fundamental Research" |
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It was published yesterday early morning.
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SmallSmall
Supreme |
09-Jan-2025 09:01
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The favorite Editor has written again on Straits Times today. | ||||
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Stocky901
Supreme |
08-Jan-2025 11:49
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Nice running up.. 👍 47c this week?✌ ️ | ||||
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SmallSmall
Supreme |
08-Jan-2025 11:44
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$0.465 one mouth cleared | ||||
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QueenMaya
Senior |
08-Jan-2025 08:58
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Whatever the case a special dividend should be on the cards
given the company made a huge windfall. This is a no brainer.
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superstartup
Supreme |
08-Jan-2025 08:53
Yells: "Enjoy doing Fundamental Research" |
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The Editor trying very hard again Yet never mention the wrong view on the $1 , $2 NAV thingy Now the new analysis also never take into account Wee Hur had disbursed quite some $ to JVs, Interested Person Transactions. (see company recent announcements) |
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ysh2006
Supreme |
05-Jan-2025 16:14
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A EGM will conduct in near time investors can ask BOD got special dividend after the sale completed and money in pocket, Base on few years back company did gave special dividend after it done some dormitory sale leh...
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finjungle
Veteran |
05-Jan-2025 12:08
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Yes agreed with the announcement unless the board wishws to take back its words. Be that as it may, investors buy int the future and hope against hope that the share proce would rise
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QueenMaya
Senior |
04-Jan-2025 20:08
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Needs no guessing. Definitely they will pay out something to all their shareholders right?
Aren't they shareholders too? And my bet is it will be a pretty big payout.
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hschsc
Master |
04-Jan-2025 17:55
Yells: "Invest in financially healthy companies" |
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A good boss knows how to take care of his supporters. | ||||
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