IPC Corp
Last:0.145
-
NAV 28c OHL Jap hotel property play
Post Reply
101-120 of 147
Trading halt Good new?
This is my analysis of how much IPC is worth.
Waiting to collect the bounty on 17 Dec :)
Gd luck DYODD
ozone2002 ( Date: 09-Nov-2015 11:45) Posted:
Last:1.735 Vol:1419k  +0.335
current NAV is $2.48, with the proceeds from the sale of the hotels is $31m which translates to about 36c
add them together IPC is valued at $2.84
gd luck DYODD
|
|
Actually 30 Nov, my mistake
stockresearchasia.com published a piece on 1 Dec on IPC. Can' t link it though. You can go search the website.
Last:1.87 Vol:228k +0.065
Finally market waking up to reality... And discovering the big price disconnect
gd luck dyodd
This is a good management and I believe the shareholders would be well compensated from this deal. In addition, the company possess the ability to generate and further unlock value for her shareholders, similar to the previous F& N story, though not at that scale. Pse dyodd!
Last:1.855 Vol:148k +0.05
finally moving up..
Gd luck DYODD
Funny thing is that when news of OHL increasing his stake broke, IPC hit a high of $2.1.
When news of sale of all their jap hotels broke, only when up to $1.7+
herd instinct vs common sense at play
Gd luck DYODD
That' s why the billionaire Oei HL owns 30% of this counter and offers to take over remaining shares from us at $1.70 per share! How sad that not many see this opportunity. Mr Oei deserves to be rich. Good luck to all.
$2.8 NAV compared with current price at $1.8. Difference of $1.
Sale confirmation and Capital reduction announcement coming soon
Gd luck DYODD
FaceTheFact ( Date: 03-Dec-2015 02:23) Posted:
($1.75) Monetizing its Japan hotel assets, the group announced that it was disposing seven hotels in Japan to GK Nishi Nihon and GK Shinsaibashi Jisho for ¥ 14.94b ($172.2m).
Based on the group&rsquo s FY14 accounts, the aggregate book value of the seven hotels is ¥ 10.36b ($119.4m), and the proposed disposal is expected to result in a net gain of ī ¥ 2.7b ($31.1m) or $0.365 per share.
This will enable IPC to unlock the value of the seven hotels acquired and held through the last few years. Following completion, the board intends to distribute the net proceeds from the proposed disposal to shareholders by way of a capital reduction exercise.
IPC is currently trading at a 38.5% discount to its post sale NAV of $2.845 per share.
|
|
($1.75) Monetizing its Japan hotel assets, the group announced that it was disposing seven hotels in Japan to GK Nishi Nihon and GK Shinsaibashi Jisho for ¥ 14.94b ($172.2m).
Based on the group&rsquo s FY14 accounts, the aggregate book value of the seven hotels is ¥ 10.36b ($119.4m), and the proposed disposal is expected to result in a net gain of ī ¥ 2.7b ($31.1m) or $0.365 per share.
This will enable IPC to unlock the value of the seven hotels acquired and held through the last few years. Following completion, the board intends to distribute the net proceeds from the proposed disposal to shareholders by way of a capital reduction exercise.
IPC is currently trading at a 38.5% discount to its post sale NAV of $2.845 per share.
($1.75) Monetizing its Japan hotel assets, the group announced that it was disposing seven hotels in Japan to GK Nishi Nihon and GK Shinsaibashi Jisho for ¥ 14.94b ($172.2m).
Based on the group&rsquo s FY14 accounts, the aggregate book value of the seven hotels is ¥ 10.36b ($119.4m), and the proposed disposal is expected to result in a net gain of ī ¥ 2.7b ($31.1m) or $0.365 per share.
This will enable IPC to unlock the value of the seven hotels acquired and held through the last few years. Following completion, the board intends to distribute the net proceeds from the proposed disposal to shareholders by way of a capital reduction exercise.
IPC is currently trading at a 38.5% discount to its post sale NAV of $2.845 per share.
Last:1.8 Vol:97k +0.045
deadline approaching for the completion of sale.
gd luck DYODD
Either bonus shares and/or dividends expected from the sale. Gd luck DYODD
IPC Corporation proposed to dispose seven hotels in Japan for JPY14.94bn (approximately S$172.2m). Following completion, the Board intends to distribute the net proceeds from the proposed disposal to shareholders by way of a
capital reduction exercise. The proposed disposal is expected to result in a net gain of approximately JPY2.70bn (approximately S$31.1m).
06 Nov 2015 16:27
IPC: Disposal Of 7 Hotels In Japan To Ichigo Group For S$172.2 Million.
IPC Corporation Ltd has entered into a sale and purchase agreement with GK Nishi Nihon Holdings and GK Shinsaibashi Jisho, both 100%-owned subsidiaries of Ichigo Group Holdings Co., Ltd, for the sale by the Company of its seven hotels in Japan, namely " nest HOTEL matsuyama" , " nest HOTEL kumamoto" , " nest HOTEL naha" , " nest HOTEL osaka shinsaibashi" , " Smile Hotel Asagaya" , " Smile Hotel Asakusa" and " Comfort Hotel Okayama" , to the Purchasers for an aggregate sale consideration of JPY14.94 billion, approximately S$172.22 million. Based on the latest audited consolidated financial statements of the Group for the financial year ended 31 December 2014, the aggregate book value of the seven hotels is JPY10.36 billion, approximately S$119.43 million
ozone2002 ( Date: 09-Nov-2015 11:45) Posted:
Last:1.735 Vol:1419k +0.335
current NAV is $2.48, with the proceeds from the sale of the hotels is $31m which translates to about 36c
add them together IPC is valued at $2.84
gd luck DYODD
|
|
Last:1.735 Vol:1419k +0.335
current NAV is $2.48, with the proceeds from the sale of the hotels is $31m which translates to about 36c
add them together IPC is valued at $2.84
gd luck DYODD
Good. Wait for the offer price.
ozone2002 ( Date: 05-Nov-2015 09:13) Posted:
Halted due to News of buyer for its Japan properties just like Saizen?
|
|
Halted due to News of buyer for its Japan properties just like Saizen?
halted
