| Latest Forum Topics / SPH |
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SPH - A new diversified conglomerate
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josephyeo
Elite |
19-Jan-2021 23:38
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SINGAPORE PRESS HOLDINGS LIMITED (Registration No. 198402868E) Incorporated in the Republic of Singapore ANNOUNCEMENT PURSUANT TO RULE 1013(3)(a) OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED On 23 December 2019, Singapore Press Holdings Limited (" SPH" ) announced (the " Announcement" ) that its wholly-owned subsidiary, Straits Ten Pte. Ltd. (the " Purchaser" ) had entered into a sale and purchase agreement (" SPA" ) to acquire all the shares in Student Castle Investments Holdco Limited (the " Target Company" ). The Target Company, together with its subsidiaries, own and manage a portfolio comprising five stabilised assets in York, Cambridge, Bath, Edinburgh and Durham, and two development assets in Brighton and Oxford (the " Development Assets" ). As previously disclosed in the Announcement, the SPA provides for a rental guarantee (" Rental Guarantee Arrangement" ), with a capped liability equal to the escrow amount of £ 5,216,837.43 (" Rental Guarantee Amount" ), to be held in an escrow account (" Rental Guarantee Escrow Account" ). The Rental Guarantee Arrangement operates in the following manner: (a) In each calendar month during the period from the date of Completion to 31 December 2020 (" Rental Guarantee Period" ), if the aggregate rental income for all rented units in the Developments Assets up to and including that current month in the Rental Guarantee Period (" Aggregate Rental Income" ) exceeds the Rental Income Threshold, the Vendors will receive a sum equal to " A" from the Rental Guarantee Escrow Account, where: A = (Aggregate Rental Income minus Rental Income Threshold) minus Returned Amount " Rental Income Threshold" means 50% of the aggregate projected rental income in respect of the Development Assets, for the Rental Guarantee Period. " Returned Amount" means any amount released from the Rental Guarantee Escrow Account to the Vendors from time to time in accordance with the terms of the escrow agreement relating to the Rental Guarantee Arrangement. (b) Any amount remaining in the Rental Guarantee Escrow Account at the end of the Rental Guarantee Period shall belong to the Purchaser. SPH wishes to announce that the Purchaser is entitled to receive the full Rental Guarantee Amount of £ 5,216,837.43 (approximately S$9,390,307.37), as the estimated shortfall between the Rental Income Threshold and the Aggregate Rental Income is £ 768,663 (approximately S$1,383,593). The Purchaser has received the full Rental Guarantee Amount from the Rental Guarantee Escrow Account. Unless indicated otherwise, the indicative £ -to-S$ exchange rate used for the purposes of this announcement is £ 1: S$1.80. 2 All definitions are as set out in the Announcement unless otherwise defined in this announcement. Issued by Singapore Press Holdings Limited Singapore, 19 January 2021 |
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n3wbie
Elite |
19-Jan-2021 21:52
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CIMB just increased TP to $1.31 from $1.10 previously citing the improving non-media business segments. Media continues to weigh on the Group unfortunately. | ||||
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tongphlp
Supreme |
19-Jan-2021 09:53
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ok
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rhuanng
Member |
19-Jan-2021 09:51
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YES- Waiting for 2 Dollars.......... Hahaha
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tongphlp
Supreme |
19-Jan-2021 06:18
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rocketman will say - wait for a dollar?
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Kittykitty
Senior |
19-Jan-2021 00:48
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The media and property group said in a first-quarter business update that print advertisement revenue declined 36 per cent from the year-ago period. The 45.6 per cent year-on-year growth in digital circulation revenue was also partially offset by the 8.1 per cent in digital advertisement revenue.
Is it bad ? The advertisement revenue drop . But digital circulation revenue up 45.6%.
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Newlearner
Veteran |
19-Jan-2021 00:40
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No profit guidance given. Print ads and print circulations continued to drop, now don' t even give breakdown of newspaper print chart..... They preferred a slow death, rather than dealt with it......
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n3wbie
Elite |
19-Jan-2021 00:15
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Any thoughts about today' s 1Q updates? Seems like the media business continue to decline.. | ||||
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Justice888
Supreme |
17-Jan-2021 10:20
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I think he just provided his humble opinion haha
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fuzzyshares
Veteran |
17-Jan-2021 10:15
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I suppose SPH is not a retail stock, unlike Genting Singapore. Since hitting the "golden dollar" it rebounded in "rocket" speed but because it is not a retail stock it lacked the support required to maintain the surge in price, given the stable market condition. Rocketman may have discouraged some punters from buying but in my "humble opinion" the effect was minimal. Now that the euphoria has subsided and reality sets in, the stock is slowly but surely gaining momentum as evidenced in the steady but not 'huge' trading volumes. In any case, trade within capacity and with caution. | ||||
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Starship
Supreme |
14-Jan-2021 13:51
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TimTheKing
Member |
14-Jan-2021 12:38
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Rocketman must have influenced several investors to sell their shares and now disappeared. We need positive and forward looking investors to be in this forum, not those pessimistic, everyday thinks sky is going to fall. | ||||
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jesmarnew
Senior |
14-Jan-2021 12:14
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Just heard at kopi tiam like NTUC may take over .....wow....patience is the name of the game!!!! | ||||
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TimTheKing
Member |
14-Jan-2021 12:11
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Rocket man, I know you are still reading the posts. What is your comments now. I know you have nothing to say😂 😂 | ||||
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freeme
Elite |
14-Jan-2021 11:56
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Rocketman indicator -> once gone SPH started to rebound.. curse has lifted.. TP 1.33 short term :) |
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wehuattogether88
Supreme |
14-Jan-2021 11:47
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Slowly up and up, might be in trading buy now.. dyodd | ||||
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Kittykitty
Senior |
14-Jan-2021 11:19
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?Waiting is free ? his/her favourite quote
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Fintech
Senior |
14-Jan-2021 11:18
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Classic collection. | ||||
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Starship
Supreme |
14-Jan-2021 10:18
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rhuanng
Member |
14-Jan-2021 09:46
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Why said im Rocketman??
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