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No wonder share price went up so much.
All waiting for Ah Ong to take the company private. lol.....
Come on Ah Ong, just do it.
All waiting for Ah Ong to take the company private. lol.....
Come on Ah Ong, just do it.
Over the last 2 months, OBS and David Fu bought a total of 17,028,800 shares (3.27%).
(from SGX announcements).
Now both of them + Wheelock (Nassim) hold 87.98%.
So now they just need a bit more shares only.
(from SGX announcements).
Now both of them + Wheelock (Nassim) hold 87.98%.
So now they just need a bit more shares only.
For hidden gems, patience is definitely a must.
my holding from unrealise losses to unrealise profit today..lol
AttasBoss ( Date: 07-Oct-2019 17:13) Posted:
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find an undervalued gem and hold it with good sleep
lifeisgood ( Date: 08-Oct-2019 11:27) Posted:
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The thing with SGX listed stocks is that so many of them are way undervalued. Only when there is some corporate actions like placement, married deals, or research reports, would the share price move. Like Shinvest, recently went up a lot because of its holding in Espressif. Same for HPL, its holding in so many prime Orchard rd properties are receiving a lot of attention now.
Dont forget the new URA Masterplan would give any developers by up to another 30% extra build up area should it fulfill URA requirement of development mix.
Dont forget the new URA Masterplan would give any developers by up to another 30% extra build up area should it fulfill URA requirement of development mix.
AttasBoss ( Date: 08-Oct-2019 11:17) Posted:
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Finally got ppl interested in this counter
AttasBoss ( Date: 26-Feb-2019 23:35) Posted:
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SGX Regco too free, nothing to do, as no punters in the market.
superstartup ( Date: 08-Oct-2019 11:14) Posted:
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Ai yo, So small trading volume today also tio query by SGX.
At the last offer in Year 2014, the concerted parties have 83.4m shares (16.3%) LESS shares compared to now.
This 83.4m shares were held by the 2 Fu siblings Peter Fu Chong Cheng and sister Juanita. Accordingly to news report, there was a court case between OBS and the 2 Fu siblings. Eventually, this 83.4m shares were transferred to OBS and parties under an out of court settlement.
" Terms of the settlement are confidential but HPL filings on the Singapore Exchange on Dec 2 last year show that a transfer of 83.4 million shares in the issued and paid-up capital of HPL was completed."
https://www.straitstimes.com/business/companies-markets/kuos-peter-fu-splits-with-hpls-ong-beng-seng
This 83.4m shares were held by the 2 Fu siblings Peter Fu Chong Cheng and sister Juanita. Accordingly to news report, there was a court case between OBS and the 2 Fu siblings. Eventually, this 83.4m shares were transferred to OBS and parties under an out of court settlement.
" Terms of the settlement are confidential but HPL filings on the Singapore Exchange on Dec 2 last year show that a transfer of 83.4 million shares in the issued and paid-up capital of HPL was completed."
https://www.straitstimes.com/business/companies-markets/kuos-peter-fu-splits-with-hpls-ong-beng-seng
lifeisgood ( Date: 08-Oct-2019 10:30) Posted:
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The most telling on HPL undervaluation is the Wisma Atria on Orchard Rd. SG Reit let the cat out of the bag and wanted to buy Isetan minority stake in Wisma does not own. Isetan owns 26% of Wisma and SG Reit offered $290.7 million for it, valuing the property at almost $1.12 billion. So HPL is blatantly undervalued (HPL market cap is only $1.93 billion currently).
I wont be surprised Wheelock actually makes a bid to buy over HPL, as Hong Kong is now is no longer a very attractive property market for WL.
I wont be surprised Wheelock actually makes a bid to buy over HPL, as Hong Kong is now is no longer a very attractive property market for WL.
the shares at open market is very thin and easy to shoot up with few transactions
AttasBoss ( Date: 08-Oct-2019 10:44) Posted:
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Shareholdings, as of to-date compiled from SGX announcements:
OBS - 315,241,487 (60.49%)
WLP (Nassim) - 117,347,282 (22.5%)
David Fu - 26,026,307 (4.99%)
Total: 458, 615,057 (87.98%)
OBS - 315,241,487 (60.49%)
WLP (Nassim) - 117,347,282 (22.5%)
David Fu - 26,026,307 (4.99%)
Total: 458, 615,057 (87.98%)
guys..many retailers following buying up now
I agree totally. $4.05 was way too low. Thats why at the last offer, I did not accept. It even shot up to $4.50 if I am not wrong. Just look at the Hilton, Four Seasons, Meridien etc, and many other orchard road properties. Thats not incluing its London projects and Maldive properties etc etc. And then look at how much Wisma was offered to Isetan recently. SG Reit valued Wisma at S$ 1.12 billion !
Say at $5 offer price, it would value HPL at S$2.6 billion. Come on, just 2 of HPL hotels assets will more than take care of this valuation. $6 - $ 7 offer price would be more interesting.
I would actually rather HPL stay listed and the share price run up to reflect the company true value.
Say at $5 offer price, it would value HPL at S$2.6 billion. Come on, just 2 of HPL hotels assets will more than take care of this valuation. $6 - $ 7 offer price would be more interesting.
I would actually rather HPL stay listed and the share price run up to reflect the company true value.
ahberngh ( Date: 08-Oct-2019 10:18) Posted:
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If OBS & Co want to privatise, they should not come out with a laughable offer of $4.05, like last time.
For me, a serious starting point is $5. Even at this price, I believe HPL is a steal.
I think there are many minorities, who like me, have been holding HPL for donkey years waiting for a serious offer and we won' t settle for a low ball offer of $4.05.
For me, a serious starting point is $5. Even at this price, I believe HPL is a steal.
I think there are many minorities, who like me, have been holding HPL for donkey years waiting for a serious offer and we won' t settle for a low ball offer of $4.05.
lifeisgood ( Date: 08-Oct-2019 09:56) Posted:
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My views on potential loss of free float:
If free float drops below 10%, it should not be viewed as a negative for minority shareholders.
The reason being that no single shareholder controls more than 90% of total float.
So if it happens, the HPL management will be informed by SGX to restore free float to greater than 10%. If management refuses to do so, the company shares will be suspended from trading, but forced to remain listed. As it is meaningless to remain technically listed (and to have to comply with all the listing rules) but not traded, very likely an offer will be made to acquire 100% shares and then delist. The offer price should be fairly attractive as the new privatisation rule requires the offeror to abstain from voting. So minority will have a very strong say in the offer price.
However, before it hits the 90% threshold, very likely the parties acting in concert will already make an offer to delist the shares. I hope thats the case.
Since there are about 521 million shares total, 12% (the outstanding free float now) is only 62.5 mio shares. Even offering at S$5 per share is only going to cost S$ 312 mio. Very affordable for the billionaires and WL.
If free float drops below 10%, it should not be viewed as a negative for minority shareholders.
The reason being that no single shareholder controls more than 90% of total float.
So if it happens, the HPL management will be informed by SGX to restore free float to greater than 10%. If management refuses to do so, the company shares will be suspended from trading, but forced to remain listed. As it is meaningless to remain technically listed (and to have to comply with all the listing rules) but not traded, very likely an offer will be made to acquire 100% shares and then delist. The offer price should be fairly attractive as the new privatisation rule requires the offeror to abstain from voting. So minority will have a very strong say in the offer price.
However, before it hits the 90% threshold, very likely the parties acting in concert will already make an offer to delist the shares. I hope thats the case.
Since there are about 521 million shares total, 12% (the outstanding free float now) is only 62.5 mio shares. Even offering at S$5 per share is only going to cost S$ 312 mio. Very affordable for the billionaires and WL.
Very thinly traded. At current price, which is below the previous $4.05 offer price, very few willing sellers.
AttasBoss ( Date: 07-Oct-2019 17:13) Posted:
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at this price still consider good price to buy..well we dont know when OBS will make an offer..
sorry now or regret later.. as for me i have substantially holdings at 3.7x but no regret
sorry now or regret later.. as for me i have substantially holdings at 3.7x but no regret
superstartup ( Date: 07-Oct-2019 17:06) Posted:
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I have not finished my research and price run liao.
That day I only bought a tiny position.
That day I only bought a tiny position.