Ho Bee Land (formerly: Ho Bee Investment)

Wow ! That is highly fascinating ! Certainly an interesting (and highly profitable) hobby may I add haha.

Didn't I mention to you there are plenty of toilet papers - certs like Beauty China, Giant Wireless, Zhonghui etc.

However, I have also withdrawal cert for autograph purposes - UOB with Mr Wee Cho Yaw's signature, City Dev - Kwek Leng Beng and Leng Joo, B Sembwang with Cecil Vivian Richard Wong, the late Mr Tan Eng Heng not to forget my core Boustead and offspring Easycall that Mr Wong Fong Fui helped in autographing.

Special Interests... Haha

GG

(26-03-2013, 10:24 PM)Nick Wrote: Wow ! That is highly fascinating ! Certainly an interesting (and highly profitable) hobby may I add haha.

what kinda of special commission deal to buy odd lot?

between $3 - $5 depending on the total value since some odd lots costs less than $2 for 100 shares.

anyway, sifu history and my hobby also history as well. Can only rely on historical inventory.

(26-03-2013, 11:38 PM)pianist Wrote: what kinda of special commission deal to buy odd lot?

(26-03-2013, 09:58 PM)greengiraffe Wrote: I got a sifu who taught me a stamp collection hobby to buy across the sgx board many years ago.

He charged me special comm rate for such deals.

He said buying odd lots is a cheap way to do PHD on sgx. Whenever annual reports arrived, we not only create employment for postal services but also create opportunity to learn. As long as the company exists, then we will be shareholders for life and can learn the running of the business for life.

If we like the business over time, then we can build up the positions. However should co delist due to a variety of reasons, we either end up with windfall or a piece of wall or toilet paper.

One of my most expensive odd lots was Central Prop. It was eventually delisted and I was given shares in Goodwood Park and Standard Chartered Bank. I am still a Goodwood Park holder and my Standard Chartered Bank continues to accumulate script via dividend reinvestment every other year.

However, he has since retired and I lost the avenue to buy odd lots but the number of odd lots that I am sitting on is still in excess of 100 which is still keeping the postal services very busy and my catch up reading schedule jammed pack whenever it is reporting season.

Hope that explains.

GG

(26-03-2013, 09:26 PM)Nick Wrote: Hi GG,

How did you end up with odd lots ?

SingPost loves investors like you. So will the SingPost employees and shareholders.

Ho Bee not ruling out launching REIT in next 2 years
By Lynda Hong

SINGAPORE : Luxury property developer Ho Bee Group is not ruling out launching a real estate investment trust (REIT) in the next two years.

These are for its commercial properties, including its latest mixed development The Metropolis.

Ho Bee's chairman Chua Thian Poh said this on Thursday on the sidelines of the ceremony to mark the completion of structural works for The Metropolis.

Even before the two towers are completed by end-September, some 60 per cent of the 1.1 million square feet of lettable space at The Metropolis has been taken up.

One of its key corporate tenants is Shell, which will converge its offices in Singapore.

The oil giant is leasing some 130,000 square feet of space to house its 1,000-strong office staff in Buona Vista.

Lee Tzu Yang, chairman of Shell Companies in Singapore, said: "We are really looking for a modern Grade A office building that has flexible floor plates that will allow us to be flexible in how we arrange our offices."

Ho Bee expects The Metropolis to be fully occupied with offices, food and beverage outlets and a gym by the end of 2014, with a steady income stream to be reached by 2015.

Some analysts estimate this steady income to be about S$70 million a year. And this will translate to some S$50 million in profit annually for Ho Bee.

Mr Chua said: "The strategic decision to develop a commercial development for long-term investment is part of our overall plan to grow our recurring income. The Metropolis offers us this opportunity when the towers are fully occupied."

The Metropolis, together with four other commercial properties owned by Ho Bee, could potentially be converted into a REIT in two years.

Market watchers said that going into commercial properties can help mitigate business risks for the group.

Experts said the leading developer in Sentosa Cove is already seeing dwindling demand for its luxury properties since the introduction of cooling measures in recent years.

Wilson Liew, an analyst at Maybank-Kim Eng, said: "Currently, their residential landbank is confined largely to residential Sentosa Cove. We see that demand has not really picked up compared to 2008, 2009.

"That may take some time to resume. We think that it may take one or two years before demand picks up again."

Foreign investors, who typically make up a third of buyers in the luxury property market, have largely stayed away due to the Additional Buyers Stamp Duty (ABSD).

The ABSD for foreigners has been raised from 10 per cent to 15 per cent in the latest round of measures.

- CNA/ms

http://www.channelnewsasia.com/stories/s...37/1/.html

(27-03-2013, 08:17 AM)greengiraffe Wrote: between $3 - $5 depending on the total value since some odd lots costs less than $2 for 100 shares.

anyway, sifu history and my hobby also history as well. Can only rely on historical inventory.

(26-03-2013, 11:38 PM)pianist Wrote: what kinda of special commission deal to buy odd lot?

do u mean transfer of odd lots shares at CDP via personal arrangement - willing buyer willing seller basis? can it be done? what are e odd lots listing u have? can pm me? thks

(27-03-2013, 10:40 PM)pianist Wrote:

(27-03-2013, 08:17 AM)greengiraffe Wrote: between $3 - $5 depending on the total value since some odd lots costs less than $2 for 100 shares.

anyway, sifu history and my hobby also history as well. Can only rely on historical inventory.

(26-03-2013, 11:38 PM)pianist Wrote: what kinda of special commission deal to buy odd lot?

do u mean transfer of odd lots shares at CDP via personal arrangement - willing buyer willing seller basis? can it be done? what are e odd lots listing u have? can pm me? thks

Retired sifu was a remiser. He helped me buy odd lots on counters that have odd lot board on it.

Actually if you checked with your remiser there is a long list of counters that has odd lot availability.

Just an indication - my CDP statement detailing my holdings alone is 10 pages long excluding the details of dividend payments for the month and transactions.

Seems like I m getting you excited over a PHD program. Unfortunately, you may have to strike a deal with your remiser.

Cheers
GG

odd lots is old concept these days..only sgx is the remaining white elephant left that dun allow 1 share trading..keke

there is no need to get odd lots just to educate oneself in today's market as annual reports are freely available in the websites.

but having said that, i do take my hat off u for having such a disciplined approach.

Bro... it will be perfect if he buys the shares from own pocket. I am not sure if he bought his own company stock.

He should have distributed part of it as dividends...

(26-03-2013, 08:49 PM)greengiraffe Wrote: Abang,

Chua Thiam Poh is an old hand. He made a pile from Uk before he spotted Sentosa in its infancy and made a huge pile out of it. Metropolis for a commercial prop in Bouna Vista and now sitting on another cash cow...

Who are we to say that Chua as an owner is wrong. Ultimately, he manages his money well and so far he has been more right than wrong.

Stock mkt as I always say is a beautiful place - you like it you buy, dont like it you sell - its this simple.

Co buy back shares - they like it. Furthermore, they are the co, they probably know more than us. I will not quarrel with the co.

Odd lot investor (unfortunately)

(26-03-2013, 08:14 PM)Contrarian Wrote: > Blue chip tenants for its building with the possibility of a REIT.

Dont be too hopeful. The collection of buildings is too small.

The mgt is not very smart to buy back shares... they should wait for the next set of cooling measures and buy cheaper