Posts: 2,278
Threads: 78
Joined: Oct 2010
Reputation:
34
http://www.vibrant.com.sg/images/files/S...cement.pdf - Based on my understanding of this announcement, it would seem SGX-listed Vibrant Group is behind Celestine REIT.
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
Posts: 3,727
Threads: 6
Joined: Oct 2012
Reputation:
95
IMHO their timing of REIT is respectable... but execution cannot match the turnaround time of the tycoons...
Idea is one thing... execution is another
http://www.valuebuddies.com/thread-413-p...l#pid73308
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Posts: 249
Threads: 6
Joined: Oct 2010
Reputation:
2
(21-09-2014, 11:12 PM)Nick Wrote: http://www.vibrant.com.sg/images/files/S...cement.pdf - Based on my understanding of this announcement, it would seem SGX-listed Vibrant Group is behind Celestine REIT.
(Not Vested) Nick san,
Aiyo, cannot open your link leh...can re-attached..keen to see yr info.
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
(22-09-2014, 01:19 PM)koh_52 Wrote: (21-09-2014, 11:12 PM)Nick Wrote: http://www.vibrant.com.sg/images/files/S...cement.pdf - Based on my understanding of this announcement, it would seem SGX-listed Vibrant Group is behind Celestine REIT.
(Not Vested) Nick san,
Aiyo, cannot open your link leh...can re-attached..keen to see yr info.
I can access the link. May be the problem on your side?
(not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 249
Threads: 6
Joined: Oct 2010
Reputation:
2
(22-09-2014, 02:12 PM)CityFarmer Wrote: (22-09-2014, 01:19 PM)koh_52 Wrote: (21-09-2014, 11:12 PM)Nick Wrote: http://www.vibrant.com.sg/images/files/S...cement.pdf - Based on my understanding of this announcement, it would seem SGX-listed Vibrant Group is behind Celestine REIT.
(Not Vested) Nick san,
Aiyo, cannot open your link leh...can re-attached..keen to see yr info.
I can access the link. May be the problem on your side?
(not vested) Thanks, got it.
(not vested in 2nd chance, but keen on Celestine info)
Posts: 775
Threads: 5
Joined: Dec 2010
Reputation:
16
Vibrant owned 50% of the Retail REIT manager. The other 50% is owned by Chan Wang Kin, one of the originator of Cambridge REIT. He is one of my ex-MBA classmates... :-)
Vibrant now in logistics, REIT manager, Industrial REIT manager, property development, ah long biz. Does it sound like Chap Cai Png holding company?
Posts: 8,305
Threads: 496
Joined: Jul 2011
Reputation:
60
(22-09-2014, 09:47 PM)Contrarian Wrote: Vibrant owned 50% of the Retail REIT manager. The other 50% is owned by Chan Wang Kin, one of the originator of Cambridge REIT. He is one of my ex-MBA classmates... :-)
Vibrant now in logistics, REIT manager, Industrial REIT manager, property development, ah long biz. Does it sound like Chap Cai Png holding company?
Survivor but I leave them alone... there are better alternatives
Posts: 8,305
Threads: 496
Joined: Jul 2011
Reputation:
60
http://www.businesstimes.com.sg/companie...4-earnings
Absence of fair value gain hits Second Chance's Q4 earnings
By
Lee Meixianleemx@sph.com.sg@LeeMeixianBT
28 Oct5:50 AM
Singapore
SECOND Chance Properties on Monday reported an 88 per cent slide in net profit to S$5.7 million, on the back of a 16.1 per cent decline in revenue to S$17.9 million for its fourth quarter ended Aug 31, 2014.
This brings the property and retail group's full-year net profit
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
The deal lapsed...
--------
PROPOSED SALE AND LEASEBACK OF PROPERTIES – LAPSE OF TARGET
COMPLETION DATE
...
Under the terms of the Option Agreement, certain pre-conditions were to be met by the Purchaser prior to
the 30 December 2014 to enable the completion to take place. These pre-conditions included the
Purchaser obtaining, by the Target Date, the letter of eligibility to list the Fund on the SGX-ST. As the
SGX-ST had not granted the letter of eligibility to list the Fund by the Target Date, the proposed sale and
purchase transaction has now lapsed, and the Option Agreement has no further legal effect.
http://infopub.sgx.com/FileOpen/SCPL_Ann...eID=329946
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 36
Threads: 0
Joined: Dec 2010
Reputation:
1
I was deliberating this for a while and finally divested last week & still holding the warrants.
The stock is already trading above BV (PB - 1.14 and PE 18.2) while many other Property Counters are going for half of the book value. Since the Sim Lim square saga, I started focusing this stock and not so optimistic on Celestial REIT in this market condition... Around the same time SGX queried the company on the "Independence" of an ID...
Was holding since 2010 and it was a good ride and good dividends ...
Respect to the founder/CEO ... He built this company with his hardwork despite his and humble beginning.
|
Homepage
PR Newswire
