HongkongLand USD    Last:7.37    +0.02

Hongkong Land USD

Of course hold la ... company still got so much $ haven?t buy

stansays      ( Date: 08-Sep-2021 11:18) Posted: So now to buy or not to buy

 

So now to buy or not to buy

 

One of the most stupiak management ... want to buyback share buy quietly at as Low as possible to save $ for the company ... now sudden announced I want to use 500m to buy sure shoot up one la and now buy expensive ! Btw .... thank you HKland board of directors .

 

Sorry, check your maths again.

sure.can.work      ( Date: 08-Sep-2021 10:57) Posted: Costed USD 1,494,784.....round it up to USD 1.5m....still another 485m in pocket....long way to rise....free money for those who bought these few days if you ask me  sure.can.work      ( Date: 07-Sep-2021 23:29) Posted: Action  lai liao The following notification dated 7th September 2021 in respect of Hongkong Land Holdings Limited was lodged with the Financial Conduct Authority in the United Kingdom today: &ldquo HONGKONG LAND HOLDINGS LIMITED (&lsquo HKLH&rsquo ) SHARE REPURCHASE Please be advised of the following off-market repurchase by HKLH of its ordinary shares: Date of repurchase: 7th September 2021 Total number of shares repurchased: 320,000 shares Price paid per share: US$4.6712 The repurchased shares will be cancelled. Jonathan Lloyd, Jardine Matheson Limited For and on behalf of Hongkong Land Holdings Limited 7th September 2021&rdquo

 

Costed USD 1,494,784.....round it up to USD 1.5m....still another 485m in pocket....long way to rise....free money for those who bought these few days if you ask me 

sure.can.work      ( Date: 07-Sep-2021 23:29) Posted: Action  lai liao The following notification dated 7th September 2021 in respect of Hongkong Land Holdings Limited was lodged with the Financial Conduct Authority in the United Kingdom today: &ldquo HONGKONG LAND HOLDINGS LIMITED (&lsquo HKLH&rsquo ) SHARE REPURCHASE Please be advised of the following off-market repurchase by HKLH of its ordinary shares: Date of repurchase: 7th September 2021 Total number of shares repurchased: 320,000 shares Price paid per share: US$4.6712 The repurchased shares will be cancelled. Jonathan Lloyd, Jardine Matheson Limited For and on behalf of Hongkong Land Holdings Limited 7th September 2021&rdquo

 

Hkg Land had been matched with UOL for a long time b4 the hkg riots n had stood on higher ground vs UOL, both in price , value n dvd.
UOL had been trading at $7.00 plus for the past 2 years with an occasion below $7.00
IMO HKG LAND is definitely worth at least 0.45 book value...$6.60.
dvd of 6 cts will be paid on 13/10/21 n expecting another at least another 16 cts next May 

 

 

Action  lai liao

The following notification dated 7th September 2021 in respect of Hongkong Land Holdings Limited was lodged with the Financial Conduct Authority in the United Kingdom today:

&ldquo HONGKONG LAND HOLDINGS LIMITED (&lsquo HKLH&rsquo ) SHARE REPURCHASE Please be advised of the following off-market repurchase by HKLH of its ordinary shares:

Date of repurchase: 7th September 2021
Total number of shares repurchased: 320,000 shares
Price paid per share: US$4.6712 The repurchased shares will be cancelled.

Jonathan Lloyd, Jardine Matheson Limited For and on behalf of Hongkong Land Holdings Limited

7th September 2021&rdquo

 

Hongkong Land surges as much as 13.6% on proposed US$500m share buyback plan

Shares of mainboard-listed Hongkong Land Holdings jumped as much as 13.6 per cent during Tuesday' s early morning trading session, following news of the property group' s proposed share buyback plan on Monday evening.

Hongkong Land said it intends to invest up to US$500 million to buy back its shares in a programme extending until Dec 31, 2022. The purpose of the share buyback is to reduce the company' s capital.

Its counter reached a high of US$4.77 as at 10.38am on Tuesday, up 13.6 per cent or US$0.57. The last time the company' s shares were trading near this level was in June 2021.

As at 1.53pm on Tuesday, the counter was trading 12.9 per cent or US$0.54 higher at US$4.74. There were no married deals recorded, according to ShareInvestor data.

The company said in a bourse filing that the buyback is in line with its longstanding capital-allocation practice. This practice prioritises investment in new assets to drive long-term growth and shareholder value continue paying steady and over time, increasing dividends as well as invest in existing assets on an opportunistic basis, including through share buybacks.

" The group has and remains committed to retaining a strong balance sheet which provides financial resilience through the cycle," Hongkong Land said.

The company, which is a member of the Jardine Matheson Group, owns and manages office and luxury retail properties in Hong Kong, Singapore, Beijing and Jakarta. 

It had narrowed its net loss to US$863.2 million for the half-year ended June 30, from US$1.8 billion a year ago. The loss included net non-cash losses of US$1.3 billion arising from the revaluation of the group' s investment properties due to lower open market rents. 

Net asset value (NAV) per share as at end-June fell to US$14.75 from US$15.30. This means Hongkong Land is currently trading at a third of its NAV. 

Lim & Tan Securities on Tuesday said it continues to reiterate " accumulate" on Hongkong Land. Its consensus target price stands at US$5.81, representing an upside of about 22.6 per cent from the 1.53pm trading price of US$4.74.

The brokerage was referencing comments made by Colliers International that Hong Kong' s office sector will remain a " tenant' s market" in the next 12 months. The property firm is projecting a correction in office rents before recovering from 2022 onwards.

The group' s properties in Hong Kong are among the most prestigious, Lim & Tan said, noting tenants such as JPMorgan, KPMG and the Hong Kong Exchanges & Clearing. 

The brokerage added that valuations for the stock are " extremely undemanding" . Hongkong Land is trading at a forward price-to-earnings ratio of 10 times and is also trading at 0.3 times its book value, with an attractive 5.35 per cent dividend yield, Lim & Tan said. 

 

 

JM only have 50% of HKL . If they want to delist why would they announced per today causing 13% spike and....( $500m buy back next 16mths to reduced outstanding share and increase divident ?  To delist will need at least $7-8 or > 50% NAV to get some decent support and the amount is
$7-8b.  Otherwise push up share price and balance 30-40% stake simply won' t budge 

ozone2002      ( Date: 07-Sep-2021 15:54) Posted: Delist $5 Relist at nav $14+ In 3 yrs Make 2x ozone2002      ( Date: 07-Sep-2021 13:08) Posted: Last:4.73        +0.53 If Jardine was smart, they should delist HK land at deep discount to NAV  then come back when market is good to relist at NAV. just like what Li ka Shing did with one of his stocks gd luck dyodd

 

Delist $5
Relist at nav $14+ In 3 yrs
Make 2x

ozone2002      ( Date: 07-Sep-2021 13:08) Posted: Last:4.73        +0.53 If Jardine was smart, they should delist HK land at deep discount to NAV  then come back when market is good to relist at NAV. just like what Li ka Shing did with one of his stocks gd luck dyodd

 

Optimistic with $6 over next 6-12 months

sure.can.work      ( Date: 07-Sep-2021 14:21) Posted: $500m is a lot of money...if div $5 per share....that is 100,000,000 shares...that can easily eaten up any asking lots on offer....definately good news for long term holder.....looks good to go back to 5 yrs high at  > $7 ichiban      ( Date: 07-Sep-2021 10:09) Posted: with a purse of  USD 500 million, still many more shares to buy.... dateline to spend this money is 31st Dec everyday ave buying of 2 to 3 million shares will amount to 10 to 15 million USD... am sure the BOD have a target price for hkg land.... if half book value price is $7.00 at least if 0.4 BV will be $6.00 hope to see hkg  land back to its glorious days. dvd had been around 20 to 22 cents past few years..

 

delist then relist to make money.. sure can make money. but the hk old money not so cheap one.
they basically loaded. really really got money type. not rich by inflated share price.
they probably list their stock as part of protection strategy. 
 

 

$500m is a lot of money...if div $5 per share....that is 100,000,000 shares...that can easily eaten up any asking lots on offer....definately good news for long term holder.....looks good to go back to 5 yrs high at  > $7

ichiban      ( Date: 07-Sep-2021 10:09) Posted: with a purse of  USD 500 million, still many more shares to buy.... dateline to spend this money is 31st Dec everyday ave buying of 2 to 3 million shares will amount to 10 to 15 million USD... am sure the BOD have a target price for hkg land.... if half book value price is $7.00 at least if 0.4 BV will be $6.00 hope to see hkg  land back to its glorious days. dvd had been around 20 to 22 cents past few years... tipper      ( Date: 07-Sep-2021 09:42) Posted: Share buyback. No wonder

 

If they are smart just buy quietly ...

 

Last:4.73        +0.53
If Jardine was smart, they should delist HK land at deep discount to NAV 
then come back when market is good to relist at NAV.
just like what Li ka Shing did with one of his stocks
gd luck dyodd

 

Many companies listed on the SGX are poorly valued n trading at half book value or less....HKG LAND , WILMAR.......
SGX does not make an effort to soft sell or mkt these value gems...or make these companies VISIBLE by doing more research of such companies
 

ichiban      ( Date: 07-Sep-2021 10:09) Posted: with a purse of  USD 500 million, still many more shares to buy.... dateline to spend this money is 31st Dec everyday ave buying of 2 to 3 million shares will amount to 10 to 15 million USD... am sure the BOD have a target price for hkg land.... if half book value price is $7.00 at least if 0.4 BV will be $6.00 hope to see hkg  land back to its glorious days. dvd had been around 20 to 22 cents past few years... tipper      ( Date: 07-Sep-2021 09:42) Posted: Share buyback. No wonder

 

with a purse of  USD 500 million, still many more shares to buy....
dateline to spend this money is 31st Dec
everyday ave buying of 2 to 3 million shares will amount to 10 to 15 million USD...
am sure the BOD have a target price for hkg land....
if half book value price is $7.00 at least
if 0.4 BV will be $6.00
hope to see hkg  land back to its glorious days.
dvd had been around 20 to 22 cents past few years...

tipper      ( Date: 07-Sep-2021 09:42) Posted: Share buyback. No wonder

 

Share buyback. No wonder

 

Share trading up 8.3% when open :))

Joelton      ( Date: 07-Sep-2021 08:54) Posted: Hongkong Land to spend up to US$500 million in share buybacks   Hongkong Land Holdings, which has been persistently trading at less than a third of its NAV, plans to spend up to US$500 million to buy back shares from the market between now and Dec 31 2022.    The purpose of the buy backs is to reduce the capital of the company, which owns large tracts of prime properties in both Hong Kong, Singapore, and across the region.   As the holding of treasury shares is not provided for in the company&rsquo s constitution, any shares which are repurchased by the company will be cancelled.   According to Hongkong Land in its Sept 6 announcement, the buyback is in line with its long-standing capital allocation practice.   Its priorities are, first, investment in new assets to drive long-term growth and shareholder value next, continued payment of steady and, over time, increasing dividends and last but not least, investment in existing assets on an opportunistic basis, including through share buybacks.  &ldquo The group has and remains committed to retaining a strong balance sheet which provides financial resilience through the cycle,&rdquo the company adds.   For 1HFY2021 ended June 30, the company, having taken a write down in the fair value of its properties, reported a loss of US$865 million, an improvement from US$1.8 billion in the red from the year earlier period.   Without the writedown, the company&rsquo s underlying earnings for the same period would be US$394 million, up 12% y-o-y from US$353 million.   Despite the losses, Hongkong is paying an interim dividend of 6 US cents per share &ndash the same amount paid this time last year.    As at June 30, the company&rsquo s net asset value was US$14.75, down slightly from US$15.30 as at June 30 2020.