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Starship Supreme	02-Aug-2021 11:27        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	BillionX      ( Date: 02-Aug-2021 11:23) Posted: So this incompetent CEO idea of restructuring is to sell out at the expense of retail investors . His first act is to give away the media business and NOW the rest of the carcass. This clown has no clue on how to run the business so he simply flies the white flag.Pathetic.
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Value_finder Member	02-Aug-2021 11:24        Value_finder About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singpost ceo just resigned f16force      ( Date: 02-Aug-2021 10:54) Posted: Anyone can guess where the SPH CEO will be seconded once SPH is absorbed into kepcorp?
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BillionX Senior	02-Aug-2021 11:23        BillionX About Contact  Quote this Post!
x 0   x 0  Alert Admin	So this incompetent CEO idea of restructuring is to sell out at the expense of retail investors . His first act is to give away the media business and NOW the rest of the carcass. This clown has no clue on how to run the business so he simply flies the white flag.Pathetic.
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Starship Supreme	02-Aug-2021 11:21        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sinktel !!!!!  f16force      ( Date: 02-Aug-2021 10:54) Posted: Anyone can guess where the SPH CEO will be seconded once SPH is absorbed into kepcorp?
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Starship Supreme	02-Aug-2021 11:19        Starship About Contact  Quote this Post!
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investshare Supreme	02-Aug-2021 11:18        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can you share why you think $3 is possible? My cost is 1.28 so I am quite happy with 2.09. But of course higher better. Goldfinger      ( Date: 02-Aug-2021 10:05) Posted: Please refer to the other comments.  If it is a Scheme of Arrangement, and Keppel does not have a major shareholding - very likely it will fail at this price.  SPH has too many diverse shareholders to approve such a low ball offer.  If they offer SGD3, then there could be a better chance of success. I will vote NO. Remember, SPH has many many new technology jewels like qoo10 that have not been valued yet... JessTrang      ( Date: 02-Aug-2021 10:01) Posted: People are looking at the share price excluding the media business and yet you are still holding on to it ..... you prefer to have a lower share price by voting no or higher share price when the tumor is removed
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Starship Supreme	02-Aug-2021 11:14        Starship About Contact  Quote this Post!
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f16force Senior	02-Aug-2021 11:06        f16force About Contact  Quote this Post!
x 0   x 0  Alert Admin	Enemy spotted, Take Cover.......army style!   😂 😂 😂
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Chagatai Veteran	02-Aug-2021 11:04        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Semb Marine
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UltraBoy Member	02-Aug-2021 11:02        UltraBoy About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS
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Starship Supreme	02-Aug-2021 11:01        Starship About Contact  Quote this Post!
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f16force Senior	02-Aug-2021 10:54        f16force About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone can guess where the SPH CEO will be seconded once SPH is absorbed into kepcorp?
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PhillipTan Supreme	02-Aug-2021 10:46        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Keppel makes surprise S$2.2b bid to privatise SPH Keppel Corp has launched a S$2.2 billion bid to privatise Singapore Press Holdings (SPH) ex-media, describing the deal as a " rare" and " unique" opportunity to tap SPH' s " quality portfolio" and speed up growth, scale up and gain capabilities in its key focus areas from asset management, urban development to connectivity.  The deal sits on " familiar grounds" where Keppel Corp has strong expertise in, said Keppel in an announcement to the Singapore Exchange (SGX) on Monday morning.  Down the road, the deal could also open up the possibilities of unlocking value in SPH' s purpose-built student accomodation (PBSA) business through a potential future Reit listing or creation of a private fund vehicle, said Keppel.  In a year dominated by a pandemic-hastened frenzy of restructurings among Singapore' s corporate bigwigs, some more radical than others, as they tuned out legacy assets and channelled hot trends to repackage and unlock value, this latest buyout of SPH by Keppel could rank as the biggest surprise.  SPH itself is in the midst of a significant restructuring led by a strategic review, as it awaits shareholders' nod on a deal proposed back in May which involves spinning off its media arm to a company limited by guarantee (CLG). " As part of the company' s Vision 2030, the company has committed to refocus its portfolio to be an integrated business, providing end-to-end solutions for sustainable urbanisation, with an asset management arm to fund the group' s growth and provide a platform for capital recycling," said Keppel. The SPH portfolio, whose income is largely recurring based, is projected to immediately be earnings accretive on a pro forma basis. The deal will bump up Keppel' s consolidated earnings per share as at end-2020 on a pro forma basis to 32.3 Singapre cents a share from 27.8 cents.  It will increase Keppel' s profit after tax and non-controlling interests (Patmi) to 56 per cent from 51 per cent in terms of pro forma contribution of recurring income. Future recurring income growth will be through AUM (assets under management) scale and fee-based income growth in the asset management business while further improvement in earnings quality could come from the concurrent land bank sales, asset monetisations and potential offshore and marine exit, said the company.  Under a scheme of arrangement, Keppel' s wholly-owned Keppel Pegasus is offering S$2.099 a piece for SPH shares. SPH shareholders will receive cash of 66.8 Singapore cents and 0.596 Keppel Reit units from the offeror. They will also receive 0.782 SPH Reit units per share from SPH. The price tag of S$2.099 a piece represents a nearly 40 per cent premium to the last traded price of SPH shares at S$1.50 per share before the strategic review was announced in May. The offer values Keppel Reit and at 71.5 Singapore cents and SPH Reit at 71.6 Singapore cents per share from a distribution in-specie by SPH. Keppel said pro forma gearing post-transaction is projected to be below one time, and the cash consideration could be funded using a combination of internal cash, bank borrowings, instruments with equity treatment or bonds. Liquidity will still remain robust post-acquisition, it continued. The proposed deal will enable Keppel to consolidate ownership in its existing partnerships with SPH in M1 and Genting Lane data centre, enabling it to maximise synergies in these strategic assets. The acquisition of SPH' s PBSA business will provide an immediate and sizeable foothold within the highly resilient and fast growth PBSA sector in the UK and Germany, which are underpinned by rising domestic and international higher education demand. In addition, Keppel also gains access to the integrated platform capabilities to develop, manage and operate PBSA assets in-house, providing the foundation, through Keppel Capital, to grow its presence within the education sector - an identified area of growth for Keppel Capital. As for SPH' s nursing homes, Keppel said it would " enrich" and provide visible operating synergies to its senior living solutions business while diversifying the existing Watermark senior living business in the US through access to Singapore and Japan markets. This will provide it with sizeable international presence within the sector. Keppel said the acquisition of a stake in SPH Reit and full ownership of its Reit (real estate investment trust) manager will provide Keppel with a " natural platform" to recycle its retail assets (including I12 Katong) and also tap the recovery and growth of the Singapore retail market, which has seen a rebound to near pre-pandemic levels. " With quality assets on hand, coupled with the company' s experience in asset management, SPH Reit provides a compelling organic recovery play that investors would be interested in," it added. The deal also fits with Keppel' s move towards an asset-light business model by driving growth and diversification in its Keppel Capital asset management platform. Pro forma AUM is expected to grow by 27 per cent from S$37 billion to S$47 billion, with expanded sector coverage into emerging PBSA and senior living sectors, as well as the recovering retail sector. Keppel will have a " rare opportunity" to acquire a strategic stake in SPH Reit and full ownership in its Reit manager. Keppel will hold around 20 per cent stakes in both Keppel Reit and SPH Reit post transaction. It added: " The company will enjoy synergies in managing SPH Reit as part of the company' s larger asset management platform with higher AUM. On top of accretive fee-related and investment income, the inclusion of SPH Reit provides the company with a retail-focused platform to facilitate greater certainty for future capital recycling of retail assets, further driving third-party funds growth and increasing recurring fee-related income" . Over the longer run, Keppel said it could also explore opportunities to grow the Reit' s AUM, achieving benefits of scale through asset injections and other strategic initiatives. Keppel, about 20 per cent owned by Temasek Holdings, last week reported that it swung into the black for the first six months to June and rewarded shareholders with a surprise quadrupled dividend. It posted a net profit of some S$300 million in the first half of FY2021 &ndash a stark reversal from a loss of S$537 million in the corresponding period a year ago. To grow earnings quickly, it said last week that it will actively explore " opportunistic" mergers and acquisitions on the back of the significant balance sheet space released from the monetisation programme that will allow it to undertake inorganic options to re-position its portfolio for new growth. To date, it has announced over S$2.3 billion of asset monetisation since it embarked on the programme in September last year. About half of the transactions have been completed so far, said group chief executive Loh Chin Hua, adding that the company expects to surpass S$3 billion in asset monetisation ahead of schedule, and will aim to achieve the higher end of its S$3-5 billion target by end-2023. Just last month, Keppel said it planned to undertake a mammoth merger and has signed a non-binding pact with offshore and marine (O& M) giant Sembcorp Marine, still stickly as a result of the pandemic-led oil slump, to start talks on merging their sizeable O& M operations. The discussions are a few months away from reaching a definitive agreement. ​
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TA_Expert Supreme	02-Aug-2021 10:42        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Left to Right pocket. KC is super rich.
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mrwise Supreme	02-Aug-2021 10:41        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Singpost next to be up!
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SgTrader17 Elite	02-Aug-2021 10:40        SgTrader17 About Contact  Quote this Post!
x 0   x 1  Alert Admin	There's a saying, when you cannot convince them, CONFUSE them. Lol. Just kidding.
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MarcLim Veteran	02-Aug-2021 10:38        MarcLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Power. Swap here and there.  bishan22      ( Date: 02-Aug-2021 10:35) Posted: Another one bite the dust...... BillionX      ( Date: 02-Aug-2021 10:34) Posted: Vote NO. This offer is not fair to retail investors.
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bishan22 Supreme	02-Aug-2021 10:35        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another one bite the dust...... BillionX      ( Date: 02-Aug-2021 10:34) Posted: Vote NO. This offer is not fair to retail investors.
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BillionX Senior	02-Aug-2021 10:34        BillionX About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vote NO. This offer is not fair to retail investors.
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Goldfinger Supreme	02-Aug-2021 10:23        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I recall Scheme of Arrangement needs like 75% of shareholders to vote YES?  If so, need like a lot to send in voting forms to vote NO. What is the retail shareholding currently? Recall a lot of institutions hold as well. PhillipTan      ( Date: 02-Aug-2021 10:15) Posted: SPH has a lot of aunty and uncle shareholders Due to the previous 5% rule, the number of shareholders is way way a lot more than other companies How many of these diverse shareholders will actually come out to vote?   Goldfinger      ( Date: 02-Aug-2021 10:05) Posted: Please refer to the other comments.  If it is a Scheme of Arrangement, and Keppel does not have a major shareholding - very likely it will fail at this price.  SPH has too many diverse shareholders to approve such a low ball offer.  If they offer SGD3, then there could be a better chance of success. I will vote NO. Remember, SPH has many many new technology jewels like qoo10 that have not been valued yet..
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