Sing Holdings

looks like they are branching out of residential property.....which might also meant that a big dividend payout will be unlikely

(02-01-2014, 01:27 PM)Behappyalways Wrote: looks like they are branching out of residential property.....which might also meant that a big dividend payout will be unlikely

Good afternoon Behappyalways san & all.

I still think Boss Lee & BD likely to reward shareholders with a big dividend payout come next month. Hope I am not wrong.

<vested>

(31-12-2013, 10:54 AM)Behappyalways Wrote: daily volume just 100-200 lots....imagine the impact on share buyback would be if the company could buy 5% or 20m shares......

at 40cents that would cost $8m ($100m cash in bank now and $160m receivables).

Just one small correction. Sing holdings has approx. 70M cash and 112M Trade receivables, it holds 70% stake and not 100% in The Laurels.

(02-01-2014, 01:27 PM)Behappyalways Wrote: looks like they are branching out of residential property.....which might also meant that a big dividend payout will be unlikely

Looks like they are into industrial property ?? The newly appointed executive officer was a Project Director of Boustead Singapore Limited.

My hunch it will not more than 3 cents. Last year, with 1.6 cents dividend they already boasted that it's in the top one-third in term of dividend yield compared to other property companies.

yup that goes with debt too......

(02-01-2014, 01:41 PM)CY09 Wrote: Just one small correction. Sing holdings has approx. 70M cash and 112M Trade receivables, it holds 70% stake and not 100% in The Laurels.

after so many years...I think I have used up my goodwill on Lee ^^......

My guess is that he will still try to bid for a plot of residential land and with the new guy coming in, they might be branching out and that might use up some cash. So the residual cash that is left.........he might take pity on MI and disburse some out...hee hee.....

He can still pay out a large dividend if he wants since debt equity ratio is 0.9 and Robin should be launching soon......

Oh Lee, pls have pity on us........................hee hee

(02-01-2014, 01:36 PM)kbl Wrote:

(02-01-2014, 01:27 PM)Behappyalways Wrote: looks like they are branching out of residential property.....which might also meant that a big dividend payout will be unlikely

Good afternoon Behappyalways san & all.

I still think Boss Lee & BD likely to reward shareholders with a big dividend payout come next month. Hope I am not wrong.

<vested>

(31-12-2013, 10:54 AM)Behappyalways Wrote: daily volume just 100-200 lots....imagine the impact on share buyback would be if the company could buy 5% or 20m shares......

at 40cents that would cost $8m ($100m cash in bank now and $160m receivables).

The Laurels-Most cash still locked in project account til T.O.P.

Let see Boss Lee & BD will keep their promise or not?

(18-04-2012, 09:01 PM)ngcheeki Wrote: The following is what I'd noted based on my recollection and those who had attended the AGM please correct if there are any errors.


On the issues of enhancing the shareholder value, the directors are exploring the options of measures to enhance shareholder value when the result is good
including using bonus share and special dividend like during FY 2007 with the issue of special dividend.

Assuming The Laurels collect 160M in total (current 100M and 60M of receivables) and pays off 70M of ST borrowings in Q4. The JV will have 90M of cash left. Sing Holdings will have 63M of cash.

It is unlikely Waterwoods will need funding from Sing Holdings as it has about $130M of sales recorded and its construction is expected to be approx. $111M.

Sing holdings can well afford to pay out 20-40M of dividends. This is because for each land bid on a GLS program, the bidder need to put a deposit of 5% of his bid amount. In essence,with 20M cash (deposited with URA/HDB), Sing Holdings can put in a bid amount of $1 Billion for the land. So lets assume a working capital of 5M is needed for its daily operations and $20M has to be set aside as land bidding capital, SIng Holdings has an excess of $38M of cash to do stuff for this quarter.

And that is before another round of cash comes in for the completion of The Laurels as well as dividends from Biztech rents/ MIT & SIng Investments
The above is only my forecasting

BizTech Centre


$905psf....a resale unit.....the price could be a one-off situation


Contract date Type Unit area (sq ft) Price ($psf) Price ($)


2013-12-17 Factory 1163 905 1,052,073

https://www.squarefoot.com.sg/latest-tra...al/factory

do u mean it is too low?

How come the buyer paid so high psf for the unit?

Sing holdings would have sold them a unit for a much cheaper psf.

In other news, the MP exhibition has been extended till 17 Jan 2014. Tis means the Masterplan2013 will be approved at a later stage probably near CNY. What is unique is that Sing Holdings has not moved at all to launch their Robin Site, despite the draft being released in early Dec. Could it be because they have appealed to URA and are awaiting the outcome?