OUE    Last:1.06    -0.01

OUE

up and up.....!

antifragile      ( Date: 29-Mar-2021 14:01) Posted: Only half awake..... Hong Fok ( up 47%) can do it, so can OUE (So far 15%) ....!!! $1.7....! saturn80      ( Date: 29-Mar-2021 11:03) Posted: Finally my indo bro wake up....

 

I' ve thrown away the data for S.Riady' s sales of its food & food courts business. The first is Auric Pacific, the other is Food Junction. The first, you just distribute food like SCS butter & he sold it to a swiss co. for $220.8m & the other to Breadtalk for $80m ....
Both were not capital-intensive business at all. I remember if you go by nav, he made more than a hundred million.      wyeo.

 

This stock is laggard. It has a good management and a lot of assets. The stock price is starting to move.
tks

 

I' ve written that Oue has turned the 4 lowest level of Mandarin Orchard into Mandarin Gallery. The car-parks were then valued at 225m but its value has since more than doubled. Similarly, if you run through the latest AR, you will notice the same for the other
two ppties at 1 Raffles Place & Oue Downtown. The 6-storeys mall with a 262-metre frontage facing Shenton Way displaying the shops' wares, I should say the longest in that area. The 6-storeys mall at Raffles after the latest revamp caters to those working, living & staying in the surrounding offices, residential developments & hotels. And S.Riady & his team have taken Oue into the restaurant business in sg & hk. I remember S. Riady making millions by selling his food  & food court businesses. The sales did not
go by net profit but by ebitda.    wyeo.

 

 

I haven' t finished reading its AR out today.  Its lead independent director, SB Ann is a consultant at Drew & Napier & principally in merger & acquisitions. The other non-executive director, Kin Chan, a substantial shareholder is a scholar of Wharton School ..The Letter to shareholders  which isn' t the norm asked shareholders to continue giving it a mandate to do Oue buybacks for its benefits shareholders at this April' s AGM. S. Riady' s shares have gone up to 70.3% & Oue' s nav can go up to 4.59 from 4.25  from sharebuybacks  - example.  The Letter ends with talk about the take-over code. Pse do your due diligence & don' t rush into it.    wyeo.   

 

Taking it private will be quite impossible for Lippo Gp consider their current situation.
However, mgmt just have to do a " SCI/CapL demerger" , I' m sure price will be back to $2 as it' s v under value.

antifragile      ( Date: 29-Mar-2021 16:16) Posted: Yes.... privatisation must be on the table saturn80      ( Date: 29-Mar-2021 15:57) Posted: With the amount of cash they have in hand. Can' t rule out the possibility they might take OUE private.

 

Yes.... privatisation must be on the table

saturn80      ( Date: 29-Mar-2021 15:57) Posted: With the amount of cash they have in hand. Can' t rule out the possibility they might take OUE private.

 

With the amount of cash they have in hand. Can' t rule out the possibility they might take OUE private. 
 

 

Checking some of its ppties' value. Mandarin Gallery: fv $493m AR ' 19, formerly a carpk fv $225m AR' 08. Mandarin Orchard: fv $1.228m OueCR 3Q' 20, AR' 08 fv $780m. It bought Crowne P.Changi
Airport at $299.5m in 2011. Fair value  in Annual Report ' 19 $497m.    wyeo.

 

Only half awake.....

Hong Fok ( up 47%) can do it, so can OUE (So far 15%) ....!!!

$1.7....!

saturn80      ( Date: 29-Mar-2021 11:03) Posted: Finally my indo bro wake up....

 

Finally my indo bro wake up....
 

 

Go go go...!!!
 

antifragile      ( Date: 26-Mar-2021 13:54) Posted: P/B 0.28..... paying $1 for $3.57 asset!!!

 

Maybe big selling tomorrow for such transaction...

SLAYER      ( Date: 29-Mar-2021 00:06) Posted: SGX should reject the company explanation and put it under suspension for further inquiry..!! Management bought 6% back from Japanese at more than double the current price... Stupid or what ?  OUE to buy 6% stake in OUELH from Itochu for S$27.7m ... https://www.businesstimes.com.sg/companies-markets/oue-to-buy-6-stake... 1 day ago  ·     OUE  on Tuesday said it has signed a share-purchase agreement with Tokyo-listed Itochu Corporation to purchase 266.6 million shares, or a 6 per cent stake, in    OUE  Lippo Healthcare (OUELH) at S$27.7 million in cash, equivalent to S$0.10375 per share. Read more at The Business Times.

 

SGX should reject the company explanation and put it under suspension for further inquiry..!!

Management bought 6% back from Japanese at more than double the current price...
Stupid or what ? 

OUE to buy 6% stake in OUELH from Itochu for S$27.7m ...

 

Hi yythong 1951,I am no good in calculation. Thank you in enlightening us. Just hope the price will go up the coming days. One of the laggard property stocks where it owns a lot of valuable properties,eg, Mandarin Hotel.

 

Buying back 276m at $1.39 = $383m should be no problem to it presently. After selling US Bank Tower & 50% of Oue Bayfront, it has about $1.1b in cash.  wyeo.

 

Replies to lesgha & antifragile.  Oue' s latest nav at Dec.' 20 is $4.21. Its share price is 1.21. A few days ago, BT says its discount is the biggest among sg ppty stocks amidst a flurry of ppty stock delisting. Its public shares has about 276m. If it delists at 15% premium to 1.21, the offer 1.39. Since it keeps buying back its shares, one can assume that its nav is good. It stands to gain 4.21 - 1.39 x 276 = $778m if it delists.  wyeo.

 

Company keeps buying back the shares. Also,property stocks are in play. I believe it still has room to go up.Anyone would like to share the coming resistance price?

 

Congrats!!!

 

P/B 0.28..... paying $1 for $3.57 asset!!!