HPL
Last:4.56
-0.06
HPL
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481-500 of 540
Now, 68 holdings owns more than 52%, and Peter Fu 29%, so public free float only left 19%. Those olders are the long only funds and people who have held them for years. Not likely to sell. As long as a big buyer comes in to try to scoop up shares in the open market, this stock can fly very high. Now that 68 Holdings has already succeeded in having majority control of HPL, so who is this guy that puts up 10 million shares on the buyer queue at $4.05? Would it be 68 Holdings or somebody else? Why would 68 holdings continue to bid at $4.05? It could simply let go and let the share go into free fall right? Points to ponder.
yes, if OBS and Wheelock
see value at 4.05, then we should keep our shares at this price and
wait to ride the upswing with them
i' m rejecting the offer and keeping my shares too.
lifeisgood ( Date: 06-Jun-2014 18:25) Posted:
Reject lah. If OBS is willing to buy at $4.05, I am willing to hold at $4.05. Whats the hurry? He is older than me. I think I can out wait him. Touch wood.
blitz99 ( Date: 06-Jun-2014 17:37) Posted:
IFA comments for the offer of 4.05 is still the same.
for longer term holders who believe in the prospect of the company, REJECT the offer.
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Reject lah. If OBS is willing to buy at $4.05, I am willing to hold at $4.05. Whats the hurry? He is older than me. I think I can out wait him. Touch wood.
blitz99 ( Date: 06-Jun-2014 17:37) Posted:
IFA comments for the offer of 4.05 is still the same.
for longer term holders who believe in the prospect of the company, REJECT the offer.
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IFA comments for the offer of 4.05 is still the same.
for longer term holders who believe in the prospect of the company, REJECT the offer.
olam hit a new high of 2.56
blitz99 ( Date: 05-Jun-2014 15:49) Posted:
at 2.48, olam is more than 11% higher than the offer price of 2.23
blitz99 ( Date: 05-Jun-2014 15:24) Posted:
olam just hit 2.48!
higher than the offer price of 2.23.
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nice point!
totally agree with you.
they would only pay $4.05 if they thought it was worth a lot more
lifeisgood ( Date: 05-Jun-2014 15:47) Posted:
Look on the bright side, if OBS and Wheelock are willing to buy at $4.05, dont you think they see value there? If no addtional value creation is going to happen, why would they bother to buy at $4.05?
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at 2.48, olam is more than 11% higher than the offer price of 2.23
blitz99 ( Date: 05-Jun-2014 15:24) Posted:
olam just hit 2.48!
higher than the offer price of 2.23.
blitz99 ( Date: 04-Jun-2014 08:45) Posted:
olam is now trading above the takeover price of 2.23 too.
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Look on the bright side, if OBS and Wheelock are willing to buy at $4.05, dont you think they see value there? If no addtional value creation is going to happen, why would they bother to buy at $4.05?
olam just hit 2.48!
higher than the offer price of 2.23.
blitz99 ( Date: 04-Jun-2014 08:45) Posted:
olam is now trading above the takeover price of 2.23 too.
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sounds exciting!
looking forward to their upcoming plans
lifeisgood ( Date: 04-Jun-2014 20:49) Posted:
| The joint venture 68 Holdings with Wheelock can be disbanded after 5 years. If that happens, then OBS shares will be less than Peter Fu again. So I presume 68 Holdings will announce some plans soon. |
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The joint venture 68 Holdings with Wheelock can be disbanded after 5 years. If that happens, then OBS shares will be less than Peter Fu again. So I presume 68 Holdings will announce some plans soon.
yes lets wait for the value of hpl to be enhanced and realised in time to come.
patience needed to wait for $5-6
lifeisgood ( Date: 04-Jun-2014 10:51) Posted:
Forget those stupid, biased IFA reports. Don' t believe them. They are meant to scare people into selling cheap.
Check out the chart of the lowly Hotel Royal share price. In 2007, it reached an all time high of $3.7. Currently it is trading at $3.96. You tell me HPL is NOT better than Hotel Royal? I am 100% sure the chart of HPL will follow and exceed that of Hotel Royal in time to come. The previous high of $6.00 achieved in 2007 shall be broken.
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Forget those stupid, biased IFA reports. Don' t believe them. They are meant to scare people into selling cheap.
Check out the chart of the lowly Hotel Royal share price. In 2007, it reached an all time high of $3.7. Currently it is trading at $3.96. You tell me HPL is NOT better than Hotel Royal? I am 100% sure the chart of HPL will follow and exceed that of Hotel Royal in time to come. The previous high of $6.00 achieved in 2007 shall be broken.
quote from IFA report:
Shareholders who wish to take this opportunity to realise their investments in the
Company in the near term and/or who are not prepared to accept the uncertainties
facing the future prospects of the Company may wish to ACCEPT the Offer or sell their
HPL Shares in the open market if they can obtain a price higher than the Revised Offer
Price (after deducting all related expenses). Shareholders should be aware that as at
the Latest Practicable Date, the Offer remains subject to the Acceptance Condition and
there is currently no certainty that the Offer will become unconditional.
Shareholders who are confi dent and optimistic about their equity investments in the
Company and the prospects of the Company under the control of the Offeror may wish
to REJECT the Offer. Shareholders who do not wish to accept the Offer should be
aware that they will be subject to the general risks associated with share investments,
including but not limited to fl uctuations in the price and trading liquidity of the HPL
Shares. Shareholders should also note that in the 3-year period leading up to the Offer
Announcement Date, the HPL Shares have not traded at or above the Revised Offer
Price and it is likely that the market price of the HPL Shares as at the Latest Practicable
Date is highly infl uenced by the Offer and may not be maintained at such levels after the
close of the Offer.
lets wait for mr ong to enhance and realise the potential of hpl!
wanglausern ( Date: 17-Sep-2012 20:28) Posted:
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Spotlight falls on low-profile Hotel Properties
Ven Sreenivasan
15 September 2012
The recent successful listing of Far East Hospitality Trust (FEHT) - which attracted a subscription rate of over 30 times - has thrown the spotlight on the somewhat low-profile and under-researched Hotel Properties Ltd (HPL).
In a July 12 Maybank-Kim Eng report, analyst Alison Fok noted that Orchard Parade Holdings? spin-off of Orchard Parade Hotel into Far East Hospitality had yielded a gain of $702 million for the listed entity. Turning to HPL?s own significant asset holdings - including two prime hotels in the Orchard Road belt - her report concluded that there was a huge ?undervaluation of HPL?s assets in the Orchard Road area?.
Not surprisingly, activity in HPL?s stock has picked up significantly, with the counter now surpassing Ms Fok?s own target price of $2.75.
FEHT effectively encapsulates Far East group?s assets worth some $1.5 billion, re-valuing its 388-room Orchard Parade Hotel, which has a lease of 50 years, at $1.1 million per room key.
HPL?s own properties include the freehold Hilton Hotel, the 999-year leasehold Four Seasons Hotel and the 99-year leasehold Concord Hotel. Its other properties include the freehold Forum mall next to the Hilton, HPL House and Ming Arcade at Cuscaden Road, and the Concorde Shopping Mall. On the residential front, there is the 36-storey Tomlinson Heights, and shares in The Interlace and d?Leedon. It will soon be launching Beverly Mai, which was bought some six years ago. It also has about two dozen other good-class properties, comprising predominantly hotels, in Malaysia, Maldives, Thailand and Indonesia.
HPL has never re-valued its books to account for the appreciation of its properties, which were mostly bought in the 1980s and 1990s.
The FEHT restructuring and listing valued Orchard Parade Hotel at $1.1 million per room key. Applying a conservative 20 per cent premium to this valuation - to account for the fact that HPL?s hotels have much longer leases - would yield a valuation of $1.32 million per room key. Applying this to its three Singapore hotels - comprising 1,083 rooms - would place their value at about $1.43 billion.
HPL carries the three hotels in its books for some $440 million, or about 28 per cent of the value of total assets. So a revaluation would give HPL a potential realisable one-off gain of almost $1 billion.
As at June 2012, the net book value per HPL share was $3.08. Going by the current market prices, this should be at least 2.5 times higher, at $7.70 per share.
The under-valuation is glaring.
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good point!
hpl can probably revisit $5-6 in the next 1-2 years....as we sit in and wait for OBS and wheelock to enhance value
lifeisgood ( Date: 04-Jun-2014 09:35) Posted:
About 2 years ago, Wing Tai made a partial offer at $1.32. After the exercise, the share price steadily climbed up to $2.20!
blitz99 ( Date: 04-Jun-2014 08:45) Posted:
olam is now trading above the takeover price of 2.23 too.
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About 2 years ago, Wing Tai made a partial offer at $1.32. After the exercise, the share price steadily climbed up to $2.20!
blitz99 ( Date: 04-Jun-2014 08:45) Posted:
olam is now trading above the takeover price of 2.23 too.
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olam is now trading above the takeover price of 2.23 too.
for now, doesnt seem likely to be delisted. hopefully it stays listed
they just crossed 50%.
smallbirdie ( Date: 27-May-2014 18:51) Posted:
| 4.05....cheap if really delisted at this price..... Ong bs and wheelock laughing all the bank to the banks !!!!
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