Li Ka-shing’s Watson plans HK-London IPO of up to S$7.6b

(22-03-2014, 09:14 PM)CityFarmer Wrote:

(22-03-2014, 08:57 AM)greengiraffe Wrote: Li: "If the price is right, we will consider selling."

One of the guideline for value investment, is "never fall in love with any of your investment", the same applies for top-class businessman.

Top-class businessman also need a willing counter party to cut a top-class deal. Temasek always top-class counter party it seems...

(22-03-2014, 11:03 PM)greengiraffe Wrote:

(22-03-2014, 09:14 PM)CityFarmer Wrote:

(22-03-2014, 08:57 AM)greengiraffe Wrote: Li: "If the price is right, we will consider selling."

One of the guideline for value investment, is "never fall in love with any of your investment", the same applies for top-class businessman.

Top-class businessman also need a willing counter party to cut a top-class deal. Temasek always top-class counter party it seems...

Many including foreigners wonder why also ?

Never never never, buy any IPO.
Not only me said this but many of the fund mgrs and stock guru told me so.
when Li Ka Shing make money, who the losers, retailers lor

(21-03-2014, 04:25 PM)greengiraffe Wrote: When Superman Li sells, better avoid if you can.

Interestingly, Australian supermarket Woolworths walked away last year after evaluating an opportunity to purchase Li's ParknShop:

http://www.theland.com.au/news/agricultu...75652.aspx

Li's sale is likely to be hardsell with his tough reputations of leaving very little on the table post IPOs - HPH is a classic example.

So anyone interested in the IPO will have to exercise extreme caution.

never never buy

I am not keen to buy Li Ka Shing's IPOs at the start. Li didn't get rich by offering good deals to others. He got rich making good deals for himself, and convincing others that they gotten a good deal out of Li.

Better to buy his IPOs long after the hangover, from all the hype of having the name "Li Ka Shing' attached to the IPO. Look at HPH Trust. You are better off buying it two years after it IPOed.

Too many people think that buying into a Li Ka Shing IPO makes them "business partners" with him. They are not!

(23-03-2014, 12:33 PM)investor101 Wrote: I am not keen to buy Li Ka Shing's IPOs at the start. Li didn't get rich by offering good deals to others. He got rich making good deals for himself, and convincing others that they gotten a good deal out of Li.

Better to buy his IPOs long after the hangover, from all the hype of having the name "Li Ka Shing' attached to the IPO. Look at HPH Trust. You are better off buying it two years after it IPOed.

Too many people think that buying into a Li Ka Shing IPO makes them "business partners" with him. They are not!

Couldn't agree more. What about the Li's dynasty in Singapore? Slightly better Than HK's Li's dynasty?
Never want to buy any IPO from him (HK's Li) since day one.

Temasek might close a good deal with Mr. Li, base on the Hutchison's shareholders responses.

At analysts' valuation of HK$208 billion, the PE is close to 27, can Mr. Li IPO it at that valuation? I am not so sure...

DJ Li Ka-shing's Hutchison Falls After Temasek Deal -- WSJ Blog

By Prudence Ho

Li Ka-shing's Hutchison Whampoa Ltd. might think that a deal with Temasek Holdings Pte. Ltd. is better than an initial public offering of its retail flagship, but with its shares down as much as 6% Monday, it's obvious that investors disagree.

On Friday, Hutchison made an about-turn and said it would sell 24.95% of A.S. Watson & Co. to the Singapore state investment firm for 44 billion Hong Kong dollars (US$5.7 billion), rather than list the company.

The deal values Watson, which owns pharmacies of the same name and Superdrug in the U.K., at HK$177 billion, 15% less than the HK$208 billion analysts have valued the retail firm at.
...
Source: Dow Jones

(23-03-2014, 04:46 PM)Temperament Wrote:

(23-03-2014, 12:33 PM)investor101 Wrote: I am not keen to buy Li Ka Shing's IPOs at the start. Li didn't get rich by offering good deals to others. He got rich making good deals for himself, and convincing others that they gotten a good deal out of Li.

Better to buy his IPOs long after the hangover, from all the hype of having the name "Li Ka Shing' attached to the IPO. Look at HPH Trust. You are better off buying it two years after it IPOed.

Too many people think that buying into a Li Ka Shing IPO makes them "business partners" with him. They are not!

Couldn't agree more. What about the Li's dynasty in Singapore? Slightly better Than HK's Li's dynasty?
Never want to buy any IPO from him (HK's Li) since day one.

I am not sure about Little Li. Don't follow enough of him to make comment.

General observations is that Li is very very rich, so why would he want to IPO an established business that is so profitable? Does Watsons' lack money for future expansions? Does Watsons' need capital injection to pay off its debts?

Given Li's wealth, why would he want to reduce his stake in a profitable business just to raise money? Can't his empire find other ways to do it?

I am just betting that Li has milked Watsons' for what it is worth, and is looking to sell it at an highly overvalued price to someone.

(19-03-2014, 11:16 AM)cfa Wrote: Thought he praised Singapore but why never consider Spore at all ?

Now they will consider SGX listing in future liao

We can observe that Li has been selling assets for the past 7 years since Hutch Tel sold Hutch Essar in India, even to the extent of attempting to sell hotel rooms recently. Personally I can't remember any of the buyers with significant wins. Maybe that's why he is called Superman