Hotel Properties

Saw ah seng in his black Ferrari 1221 last night at Building of Hard Rock café, looked weak.

Wah say, u even track your buddy so closely just for your small investment - sounds like a PI.

Anyway to be in a Ferrari and able to handle it is not that weak...

(27-04-2014, 10:33 AM)cfa Wrote: Saw ah seng in his black Ferrari 1221 last night at Building of Hard Rock café, looked weak.

(27-04-2014, 10:38 AM)greengiraffe Wrote: Wah say, u even track your buddy so closely just for your small investment - sounds like a PI.

Anyway to be in a Ferrari and able to handle it is not that weak...

(27-04-2014, 10:33 AM)cfa Wrote: Saw ah seng in his black Ferrari 1221 last night at Building of Hard Rock café, looked weak.

I am a regular to HRC to meet my buddies there for the past 9 years. Ah seng parks some of his cars there, so do Christ and Stephen. Although I only own few shares, but that doesn't stop me from tracking HPL's performance very closely. Hope to meet some buddies from VB there also. Cheers.

$3.50 really undervalued the company. Disappointed.

OBS did not even attend the AGM. He is the MD of the company and the corporate action at the moment involves and surround him. Surely he should say something to his shareholders? Is he afraid to answer questions? Seem like he has no respect for his shareholders who has supported him all these years. From my understanding the Fu family has supported him all these years, but now he is gone to form a consortium with another group. [Admin: The last sentence is deleted.]

Vested.
DL

Perhaps the whole deal here to bid for HPL is merely to cement the working relationship between OBS and long term strategic holder Wheelock.

It is the press that started speculating the potential moves on the part of OBS's in-laws, Fu family simply because they were not part of the consortium. May be for a start there is really no intention on the part of Fu family to be in the consortium and hence both OBS/Wheelock stated in their bidding intention to keep HPL listed.

There is little doubt that HPL is undervalued. However, in order to realise the full potential of HPL and to a lesser extent Wheelock entails more capital to redevelop the assets that both owns along that stretch of Orchard Road. Time is also the other factor.

Given the amount of planning, time and capex involved, it is better to cement a formal working relationship with Wheelock before bringing the plan to bankers and even the authorities and see how things can proceed from there.

Stock market is a funny place - analysts can easily crunch numbers but the actual process of unlocking value is tedious.

On the part of OBS and some Fu members, it may be as easy to shy away from the limelight in the short term till when the dust settles before facing shareholders when more sensitive topics can be discussed on a broader basis.

2 Cents Worth
Odd Lots Vested
GG

If that stretch of Orchard become more happening, FEO and Bonvest will also benefit without doing anything.

(29-04-2014, 10:53 PM)opmi Wrote: If that stretch of Orchard become more happening, FEO and Bonvest will also benefit without doing anything.

Not the prime of Orchard Road , big project can end up big white elephant. How many shoppers really visit Forum shopping, just look at the tenants that they can attract.
The prime of the Orchard is in the area of Ion, Wisma Atria , NAC which are linked directly to Orchard MRT station.

(29-04-2014, 11:04 PM)Lancelot Wrote:

(29-04-2014, 10:53 PM)opmi Wrote: If that stretch of Orchard become more happening, FEO and Bonvest will also benefit without doing anything.

Not the prime of Orchard Road , big project can end up big white elephant. How many shoppers really visit Forum shopping, just look at the tenants that they can attract.
The prime of the Orchard is in the area of Ion, Wisma Atria , NAC which are linked directly to Orchard MRT station.

last time Bugis Junction also not popular. Katong I12. Mandarin Gallery also. Even Wisma. Good mgt can turn around a lousy property asset.

Halted.

Married deal $4-16945 lots

REVISION OF OFFER PRICE By 68 HOLDINGS PTE. LTD.









In accordance with Rule 14.3 of the Code, the Offer Price will be revised to S$4.00 in cash

(the “



Revised Offer Price”) for each Offer Share. In addition, the Offeror will NOT be

deducting the FY2013 Dividends from the Revised Offer Price and Shareholders will retain

the benefit of the FY2013 Dividends to be paid by the Company to entitled Shareholders.


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