Hotel Properties

(30-05-2014, 09:49 PM)greengiraffe Wrote: Unconditional...

http://infopub.sgx.com/FileOpen/HPL%20-%...eID=299439

GG...are you holding or going to accept?

(04-06-2014, 05:23 PM)investor2014 Wrote:

(30-05-2014, 09:49 PM)greengiraffe Wrote: Unconditional...

http://infopub.sgx.com/FileOpen/HPL%20-%...eID=299439

GG...are you holding or going to accept?

Can 100 shares change anyone's life?

Odd Lots vested
GG

(04-06-2014, 05:42 PM)greengiraffe Wrote:

(04-06-2014, 05:23 PM)investor2014 Wrote:

(30-05-2014, 09:49 PM)greengiraffe Wrote: Unconditional...

http://infopub.sgx.com/FileOpen/HPL%20-%...eID=299439

GG...are you holding or going to accept?

Can 100 shares change anyone's life?

Odd Lots vested
GG

a good step in the right direction can!

while size is important, direction is just as important. and you are very knowledgeable about the companies you post on

back in 2012, wingtai boss made partial offer at $1.39 for wingtai shares.

today, which is around 2 years later, it has traded around $1.80-$2

old article from 2012:

Wing Tai Holdings’ chairman and managing director has offered to acquire 15% of shares in the firm he did not already control for $95 million, the Singapore developer said on Thursday.

Cheung Wai Keung plans to buy 68.1 million Wing Tai shares at $1.39 apiece through a vehicle called Ascend Capital, raising his family’s stake to about 50.6% from around 41.9%.

Ascend has no intention to privatise or delist Wing Tai.

The offer price represents a 18.3% premium over Wing Tai’s last traded price, but is about 44.6% below the firm’s net asset value per share of $2.51 as at 31 March 2012.

DBS is advising Ascend.

(02-06-2014, 11:38 PM)investor2014 Wrote:

(26-05-2014, 01:42 PM)greengiraffe Wrote: 68 Hldgs getting stocks from punters that were betting further upside that is not coming through after a revision of initial offer.

Can't beat OBS unless you have stamina for the long hual...

just as current example for refernece:

a current example would be olam. after the offer of 2.23 closed, the share price traded below 2.23 for a few days.

however, it has traded around 2.30 for the past 2 days, with decent volume of almost 20 million last fri.

while olam is in a different sector from CMA, we could potentially use this as a reference.

olam reached a high of 2.56 today.

more than 10% above the 2.23 offer price!

http://www.businesstimes.com.sg/premium/...d-20140606

PUBLISHED JUNE 06, 2014
No change in CIMB view despite higher HPL bid

Latest offer of $4.05, up from $4, still 'fair and reasonable'; no change in recommendations either
BYLYNETTE KHOO
lynkhoo@sph.com.sg @LynetteKhooBT

THE second revised buyout offer for Hotel Properties Limited (HPL) is deemed to be "fair and reasonable" by the independent financial adviser to HPL. 68 Holdings, a consortium led by tycoon Ong Beng Seng and Wheelock Properties, had raised its bid a second time to $4.05 per share last month.
CIMB's opinion on the offer is unchanged from its earlier report issued after the consortium first raised its offer price from $3.50 a share to $4. The updated report by CIMB was released in a supplementary letter to shareholders by HPL's board of directors yesterday.
On the second revised offer of $4.05 a share, CIMB's recommendations to HPL shareholders are also unchanged.
It said that those who wish to realise their investments in the near term should accept the offer or sell their shares in the open market, but those who are confident of their investments in HPL and the company's prospects should reject the revised offer.

(06-06-2014, 07:36 AM)greengiraffe Wrote: http://www.businesstimes.com.sg/premium/...d-20140606

PUBLISHED JUNE 06, 2014
No change in CIMB view despite higher HPL bid

Latest offer of $4.05, up from $4, still 'fair and reasonable'; no change in recommendations either
BYLYNETTE KHOO
lynkhoo@sph.com.sg @LynetteKhooBT

THE second revised buyout offer for Hotel Properties Limited (HPL) is deemed to be "fair and reasonable" by the independent financial adviser to HPL. 68 Holdings, a consortium led by tycoon Ong Beng Seng and Wheelock Properties, had raised its bid a second time to $4.05 per share last month.
CIMB's opinion on the offer is unchanged from its earlier report issued after the consortium first raised its offer price from $3.50 a share to $4. The updated report by CIMB was released in a supplementary letter to shareholders by HPL's board of directors yesterday.
On the second revised offer of $4.05 a share, CIMB's recommendations to HPL shareholders are also unchanged.
It said that those who wish to realise their investments in the near term should accept the offer or sell their shares in the open market, but those who are confident of their investments in HPL and the company's prospects should reject the revised offer.

still boils down to each individual's view of the prospects of the company

Unlocking HPL value takes demolishing and construction.

So will take at least 3 years.

I still believe the car park will be gone. To be replaced by a multiple storey underground carpark and retail/hotel above.


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(06-06-2014, 08:39 AM)opmi Wrote: Unlocking HPL value takes demolishing and construction.

So will take at least 3 years.

I still believe the car park will be gone. To be replaced by a multiple storey underground carpark and retail/hotel above.


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yes and by then, hopefully we can see the prices at $5-6