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781-800 of 882
Nice. Short it down please.
BlueDogMeow ( Date: 31-Aug-2014 00:31) Posted:
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Read fr edge mag that 2 directors recently added stake to the company.
Different investors, different styles. I have always preferred to go in early, I was one of those who bought in at 19.5 cents, cheaper than Han and Loh' s entry price. Some may find current levels good price to enter, to each his own, but this thing about " margin of safety" always bugs me when I dont find it.
SeaOfRed ( Date: 27-Aug-2014 10:31) Posted:
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No matter... It' s a profit making company, looking to long term and not very concerned about the near term price fluctuations. Most of those vested at 20 cts are long term investors, if they wanted to book profits all the better. This way there will be more upside to the share price.
lifeisgood ( Date: 27-Aug-2014 10:08) Posted:
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This stock was almost a 4 bagger coming up from 20 cents level. Wont be surprised more people will take profit as it is still up 300% at current level. As the workers dormitory business is slowing down dramatically, with massive oversupply and lots of new entrants, the prospects are not encouraging. Sellers may continue to sell based on its near term outlook.
Vested in this.. Hopefully see more selling today to add more. Hope shortists come to this counter.
Getting ready to dump the remaining holding liao, if drop some more small profit become even smaller profit liao. 62 cents is the limit. Maybe tomorrow can divest and look for pasture green.
SeaOfRed ( Date: 26-Aug-2014 20:39) Posted:
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U-turning very soon. Reaching the entry price for previous calls.
Not that analysts' buy calls seem to have any effect.
The more they call, the more it falls.
Centurion Corp 1H14 Core Net Profit Up 52% yoy
(CENT SP/BUY/S$0.675/Target: S$1.00)
Excluding fair value gains and development profits (S$17.3m recognized in 1Q14), underlying 1H14 net profit would be S$13.1m (+52% yoy), or 44% of our full-year forecast, but only 40% of consensus estimate. Net profit growth was attributed to a rise in occupancy from the newly completed blocks (3,800 beds) at Toh Guan dormitories (from 60% in Jan 14 to near full occupancy in Jun 14), maiden contribution from student dormitories at RMIT Village and an increase in rentals and occupancy at the Malaysia dormitories.
By UOB KH (22/08/14)
(CENT SP/BUY/S$0.675/Target: S$1.00)
Excluding fair value gains and development profits (S$17.3m recognized in 1Q14), underlying 1H14 net profit would be S$13.1m (+52% yoy), or 44% of our full-year forecast, but only 40% of consensus estimate. Net profit growth was attributed to a rise in occupancy from the newly completed blocks (3,800 beds) at Toh Guan dormitories (from 60% in Jan 14 to near full occupancy in Jun 14), maiden contribution from student dormitories at RMIT Village and an increase in rentals and occupancy at the Malaysia dormitories.
By UOB KH (22/08/14)
Raptor50 ( Date: 22-Aug-2014 14:37) Posted:
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2 directors bought from open market at 635 and 640. Keeping my remaining half for now.
Creeping up slowly after house call. Good luck.
Raptor50 ( Date: 22-Aug-2014 14:37) Posted:
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Accumulation going on at 64.5 for much of today... buying supported
| Stock | Date | Research house | Recent price | Target | Call | Valuation (of target price) |
| price | ||||||
| Centurion | 21-Aug | DBS Vickers | 64 c | 91 c | Buy | |
| Centurion | 15-Aug | AmFraser | 67.5 c | 89 c | Buy | |
| Centurion | 15-Aug | UOB KH | 67.5 c | $1.00 | Buy |
In the past, the A team used to chew the s-chips until dry, then spit out. Dont know what they intend to do with Centurion.
improving their biz returns.. looking good for this year!
Better positioned for near term (DBS)
challenge
Centurion&rsquo s low cost base and location-specific
advantages will allow the Group to weather near
term pressures from new supply in the Singapore
workers&rsquo dormitory segment.
Overseas ventures are good diversification and
student accommodation business is a solid longterm
bet
Overall, Centurion still offers strong earnings
growth, particularly from overseas contribution.
Maintain BUY, for 50% upside to TP of S$0.91
é
Centurion&rsquo s Singapore dormitories business is well placed to
cope with 100k new supply. Centurion&rsquo s Singapore dormitories
were stable in 2Q14, with Mandai and Toh Guan seeing near-full
occupancy rates and strong pre-commitment levels, due to their
attractive locations and flexibility in housing workers from all
industries. Tuas saw a slight dip in occupancy due to an islandwide
slowdown in construction activity. As such, we expect near term
weakness in occupancy rates for Tuas, and bed rate growth in the
next 3-5 years could be flattish. However, the Group&rsquo s low cost base
should enable the dormitory to remain profitable despite supply
pressures.
Student accommodation business is a hidden gem with vast
upside potential. A$60m acquisition of the 456-bed RMIT Village
in Melbourne was followed by the £ 77m proposed acquisition of
four dormitory assets in Manchester and Liverpool with a total bed
count of 1,906. Despite relatively lower yields vis-a-vis workers&rsquo
dormitories, they represent a timely pivot into a highly defensive
asset class with stable returns and upside from potential AEIs. We
believe with Centurion&rsquo s solid track record in unlocking asset
potential, its student accommodation business could be a trump
card in the group&rsquo s long term business strategy.
Maintain Buy, TP: S$0.91. We have trimmed FY14F/15F to
account for non-operating expenses and lowered TP as we clipped
rental growth assumptions to 0-1% from 3-4% in our DCF
valuation. Notwithstanding these changes, Centurion still offers
strong earnings growth in excess of 40% over these two years and
the stock currently offers 50% upside to our TP of S$0.91.
Forecasts and Valuation
FY Dec (S$ m) 2012A 2013A 2014F 2015F
Revenue 65 66 82 102
EBITDA 34 33 65 80
Pre-tax Profit 19 18 60 53
Net Profit 15 15 48 42
Net Pft (Pre Ex.) 15 19 30 42
EPS (S cts) 2.0 1.8 5.7 5.1
EPS Pre Ex. (S cts) 2.0 2.3 3.6 5.1
EPS Gth (%) nm (11) 219 (11)
EPS Gth Pre Ex (%) nm 13 60 40
Diluted EPS (S cts) 2.0 1.8 5.7 5.1
Net DPS (S cts) 0.3 0.5 0.7 0.7
BV Per Share (S cts) 27.4 35.2 41.3 46.8
PE (X) 30.8 34.6 10.8 12.2
PE Pre Ex. (X) 30.8 27.4 17.1 12.2
P/Cash Flow (X) 14.7 18.5 9.6 10.0
EV/EBITDA (X) 14.8 20.0 13.2 10.7
Net Div Yield (%) 0.5 0.9 1.1 1.1
P/Book Value (X) 2.3 1.8 1.5 1.3
Net Debt/Equity (X) 0.2 0.5 1.0 0.9
ROAE (%) 7.5 6.0 14.9 11.6
Took a bite this morning. Hehe.
bishan22 ( Date: 21-Aug-2014 09:08) Posted:
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Agree, looks ridiculously high, and very low barrier to entry.
edwinjup ( Date: 21-Aug-2014 08:13) Posted:
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Making u turn. Watching.
St reported workers at punggol site told to vacate make shift dorm may support centurion share price a bit......lol...but per bed valued at $20k still high....fyi
lifeisgood ( Date: 20-Aug-2014 18:05) Posted:
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Maybe the BBs are cooking it down now. Cook until cheap cheap then fry again.
edwinjup ( Date: 20-Aug-2014 17:51) Posted:
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