Hotel Grand Central

http://infopub.sgx.com/FileOpen/HotelGra...eID=303291

Very good deal - S$248m against net asset value of $125.245m and net profit of $3.7m

Total of 328 rooms according to website. Price of S$756k per room key. Very good price!

(30-06-2014, 04:06 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/HotelGra...eID=303291

Very good deal - S$248m against net asset value of $125.245m and net profit of $3.7m

Good deal indeed. The owner-management has been generous with minority shareholders historically. If they have no better use of the capital, sure hope they can distribute some cash back to shareholders.

(30-06-2014, 04:06 PM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/HotelGra...eID=303291

Very good deal - S$248m against net asset value of $125.245m and net profit of $3.7m

The sale will result in NAV rising from $855.8m to $922.8m, an increase of $67m, according to the announcement.
2013 profit of $14.5m would have been $81.5m, or $67m higher had the sale been completed in that year, also based on the announcement.
What are NAV of $125.245m and net profit of $3.7m?
Thank you.

Revision of redevelopment of Christchurch...

http://infopub.sgx.com/FileOpen/HGCRedev...eID=304458

(07-07-2014, 06:19 PM)greengiraffe Wrote: Revision of redevelopment of Christchurch...

http://infopub.sgx.com/FileOpen/HGCRedev...eID=304458

Just to share.

Hotel Grand Central is spending an estimated NZ$75m to put up a building in the Christchurch CBD with government departments being the main tenant.

The building will have 12,594 sq metres of office space and 1,438 sq metres of retail space.

Government departments will rent 62% of the office space for 12 years giving rise to a rental yield of 5.6% based on the estimated construction cost.

If the remaining office space is rented out at the same rate, the entire office space will yield 9.03% (=5.6% *100/62).

Retail space is likely to fetch higher rental. Even if it gets the same, rental yield will be 1.03% (= 9.03% * 1,438/12,594).

10% will be the yield of the construction cost of the whole building. With land cost of NZ$4.5m included, yield will be 9.5%.

http://infopub.sgx.com/FileOpen/HGC_Prop...eID=326121

They are top notch Australasian Hotelier.

Their hotels are typically the tourist class but during holding period their are adequately yielding and over time when it is ripe they will realise the potential.

Vested
Odd Lots
GG

* Completion of the proposed disposal of the 38,000,000 ordinary shares representing 100% of the issued and paid-up share capital of Hotel Grand Chanellor Pte Ltd ("HGCPL")
* Cessation of HGCPL as a subsidiary

http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

Good evening everyone



results out



div 5cts + 5cts special



<vested>



http://infopub.sgx.com/FileOpen/HGCDec20...eID=336561

Hi kbl,

let me help you to lelong a bit....^^

http://sbr.com.sg/hotels-tourism/news/ch...-weak-2014

not vested