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Expect huge drop in price, more sordid tales to come.
Guess, what we read is merely a storm in a teacup.
More to come, but need patience.
Only then will u get in at a much lower price than around $7.
Guess, what we read is merely a storm in a teacup.
More to come, but need patience.
Only then will u get in at a much lower price than around $7.
cdl cannot toh. like sia. we will bail it out at $3
Just like son of lau goh, the chairman quit and left him carrying the baby
Peter88 ( Date: 22-Oct-2020 09:29) Posted:
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Agree
Peter88 ( Date: 22-Oct-2020 09:22) Posted:
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Those who bought at 6.86 will be laughing to the banks. Disagreement is a common thing in corporate world, even at supervisory level there will be disagreement.
If management always ' agree' one of them is redundant
If management always ' agree' one of them is redundant
Son of KLB is a useless guy , acts like he is a property genius . The chinaman just swallow him up !
just need to watch closely also to China Evergrande... this will have domino effect on entire China
Sell first, ask questions later
their timing also abit sway... they privatised the M& C just before the pandemic outbreak.
Peter88 ( Date: 22-Oct-2020 09:22) Posted:
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M & C with 135 hotels and Sincere are good enought to bankrupt the whle CDL group !
Looks like a real mess and storm brewing.
Has KLP started or going to sell off his shares?
I will look deep, beyond the superficial ( disagreement amongst Directors) and see why so much of discount suddenly. The issue that caused the discount may remain permanenly causing even more damage down the road and affecting the price more adversely.
WBdisciple ( Date: 22-Oct-2020 07:34) Posted:
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I think this disagreement came with the 2nd wave lockdown from covid that is happening in europe right now. jialat if we have to go thru all 3 waves like the previous pandemic. hope it stops at 3.
Imagine you go to a property showroom and you see a super amazing freehold district 10 property with a market valuation of S$16 million and then the sales person says today got special discount...60% off...now only at S$7 million.
What would you do?? Wait till it becomes S$5 million or S$3.5 million??
What would you do?? Wait till it becomes S$5 million or S$3.5 million??
AS at 13 August 2020, CDL revalued net asset value is $16.61 per share.
At S$7, it is at almost 60% discount.....WOW!!!
https://citydevelopmentslimited.gcs-web.com/static-files/a0e0fb86-ec7b-473b-a7ce-df53e2b8c285
At S$7, it is at almost 60% discount.....WOW!!!
https://citydevelopmentslimited.gcs-web.com/static-files/a0e0fb86-ec7b-473b-a7ce-df53e2b8c285
I'd say, thereabouts.
john_ric ( Date: 22-Oct-2020 01:00) Posted:
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3.50 is the right pice to enter. never say never in stock market.
Ok thanx kcowen. Yes 2016 was another low. good you scooped up. But this time, maybe let price fall some more. Check back fundamentals. What I do not like is its increasing gearing over the last few years. Previously, gearing was decreasing. So the situation is now different!
kcowen ( Date: 21-Oct-2020 23:38) Posted:
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early this year when market crash for a short period yes.
when i first bought the CDL stock in 2016, bought at 6.6+ and sold at 6.8+, after that, can never catch up to buy back it again.
this year, finally started to buy again at high 7, also a rare price during normal times.
when i first bought the CDL stock in 2016, bought at 6.6+ and sold at 6.8+, after that, can never catch up to buy back it again.
this year, finally started to buy again at high 7, also a rare price during normal times.
St.Maximus ( Date: 21-Oct-2020 23:21) Posted:
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