Wing Tai Holdings

Im vested in this and Sing Holdings

Haha same, at what price did you enter?

(15-02-2012, 02:48 PM)PeterSoh Wrote: Haha same, at what price did you enter?

various prices from 95 - 1.40

Average ard 1.2

I think this and Sing Holdings are the top 2 picks for potential privatisation

Wing Tai Cash position has risen to 671million as of the last statement. Geraing has decreased to 0.18 and is on set to be net cash the moment Ascentia Sky TOPs in Q3.

(23-02-2012, 10:35 AM)propertyinvestor Wrote: Wing Tai Cash position has risen to 671million as of the last statement. Geraing has decreased to 0.18 and is on set to be net cash the moment Ascentia Sky TOPs in Q3.

Ascentia is just an JV/Associates, how much cash can Wing Tai extract from it? It probably can extract more cash from its JV (Floridian) with Orchard Parade.

plus, Wing Tai needs quite a sum for its development of properties in Ardmore Park.

(23-02-2012, 04:38 PM)freedom Wrote:

(23-02-2012, 10:35 AM)propertyinvestor Wrote: Wing Tai Cash position has risen to 671million as of the last statement. Geraing has decreased to 0.18 and is on set to be net cash the moment Ascentia Sky TOPs in Q3.

Ascentia is just an JV/Associates, how much cash can Wing Tai extract from it? It probably can extract more cash from its JV (Floridian) with Orchard Parade.

plus, Wing Tai needs quite a sum for its development of properties in Ardmore Park.

Its a 40% JV associate just like the Floridian. They will extract money fully in August when it TOPs. L'VIV will only TOP early next year, so thats another mega cash inflow.

The Ardmore development purchase cost was DIRT CHEAP at 680psf/ppr, Breakeven cost for the Ardmore property is around 1400psf. Selling price sure to be somewhere around 3800psf

Did you forget to factor in the cost of construction for Ascentia Sky & Floridian? only shareholder loan and profit might come to Wing Tai as cash, the rest are cost.

L'VIV total sales around 200 mil.. you call it mega?

it's not about selling price if you only sold one unit for Ardmore development. the same for JV with City Development. cost only, no revenue to recognize.

(16-02-2012, 11:00 AM)propertyinvestor Wrote:

(15-02-2012, 02:48 PM)PeterSoh Wrote: Haha same, at what price did you enter?

various prices from 95 - 1.40

Average ard 1.2

I think this and Sing Holdings are the top 2 picks for potential privatisation

talking about privatization.

Will Wing Tai be privatized? at $1, maybe, but will current shareholders accept privatization price of $1? $2+, does Cheng WK look like a fool to you? Where would the money come from to privatize Wing Tai? Either from Cheng WK himself/his family (to gear up himself/him family) or from Wing Tai. highly likely it would be from Wing Tai, which would seriously shrink the balance sheet of Wing Tai (lots of cash will be removed, probably more debt incurred for privatization). Will it help Cheng WK to do bigger and better business with Wing Tai? Absolutely not. the balance sheet is shrunk and geared up, how to do bigger property development projects?

The best for Cheng WK would be maintain the status quo. Cheng WK will be still in control of Wing Tai. He can do almost whatever he wants. The balance sheet of Wing Tai is not bad and growing. Cheng WK can do much bigger property development projects with money from shareholder if required. In the meantime, if the share price is low enough, buy more from open market, it will not hurt.



Why go through all the trouble to gain almost nothing, but likely lose something by privatizing Wing Tai?

(12-03-2012, 11:31 AM)freedom Wrote:

(16-02-2012, 11:00 AM)propertyinvestor Wrote:

(15-02-2012, 02:48 PM)PeterSoh Wrote: Haha same, at what price did you enter?

various prices from 95 - 1.40

Average ard 1.2

I think this and Sing Holdings are the top 2 picks for potential privatisation

talking about privatization.

Will Wing Tai be privatized? at $1, maybe, but will current shareholders accept privatization price of $1? $2+, does Cheng WK look like a fool to you? Where would the money come from to privatize Wing Tai? Either from Cheng WK himself/his family (to gear up himself/him family) or from Wing Tai. highly likely it would be from Wing Tai, which would seriously shrink the balance sheet of Wing Tai (lots of cash will be removed, probably more debt incurred for privatization). Will it help Cheng WK to do bigger and better business with Wing Tai? Absolutely not. the balance sheet is shrunk and geared up, how to do bigger property development projects?

The best for Cheng WK would be maintain the status quo. Cheng WK will be still in control of Wing Tai. He can do almost whatever he wants. The balance sheet of Wing Tai is not bad and growing. Cheng WK can do much bigger property development projects with money from shareholder if required. In the meantime, if the share price is low enough, buy more from open market, it will not hurt.



Why go through all the trouble to gain almost nothing, but likely lose something by privatizing Wing Tai?

Interesting..Didn't know that company can privatised itself...

(12-03-2012, 11:52 AM)camelking Wrote:

(12-03-2012, 11:31 AM)freedom Wrote:

(16-02-2012, 11:00 AM)propertyinvestor Wrote:

(15-02-2012, 02:48 PM)PeterSoh Wrote: Haha same, at what price did you enter?

various prices from 95 - 1.40

Average ard 1.2

I think this and Sing Holdings are the top 2 picks for potential privatisation

talking about privatization.

Will Wing Tai be privatized? at $1, maybe, but will current shareholders accept privatization price of $1? $2+, does Cheng WK look like a fool to you? Where would the money come from to privatize Wing Tai? Either from Cheng WK himself/his family (to gear up himself/him family) or from Wing Tai. highly likely it would be from Wing Tai, which would seriously shrink the balance sheet of Wing Tai (lots of cash will be removed, probably more debt incurred for privatization). Will it help Cheng WK to do bigger and better business with Wing Tai? Absolutely not. the balance sheet is shrunk and geared up, how to do bigger property development projects?

The best for Cheng WK would be maintain the status quo. Cheng WK will be still in control of Wing Tai. He can do almost whatever he wants. The balance sheet of Wing Tai is not bad and growing. Cheng WK can do much bigger property development projects with money from shareholder if required. In the meantime, if the share price is low enough, buy more from open market, it will not hurt.



Why go through all the trouble to gain almost nothing, but likely lose something by privatizing Wing Tai?

Interesting..Didn't know that company can privatised itself...

not exactly the company privatize itself, but to finance its privatization. the owners can use the company's resource to privatize the company. what exactly is the difference?