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(22-03-2012, 06:40 AM)yeokiwi Wrote: (21-03-2012, 11:07 PM)KopiKat Wrote: (21-03-2012, 11:03 AM)yeokiwi Wrote: Sometimes in life, there is no need to do too much things.(trading, switching, calculating NAV and PE everyday, read reports, read rumors..)
Just sit tight and enjoy the trip.
无招胜有招。
The above theory is so profound that it took me quite some times to understand and apply it.
Hey! I didn't know you could do that! Please share with us how we can calculate NAV everyday, what data to use and where to get such data.. Thx in advance.. 
haha...
the spreadsheet do the auto calculation when you run it everyday.
although the input to the spreadsheet may occur once or twice a year.
Hee... Jokes aside, I was seriously thinking you may actually be calculating the NAV of Guthrie using the latest psf data which you'd been able to obtain (perhaps from tenders or actual sale data).
I suddenly recalled that many years back, I was indeed computing NAV (auto update every day on spreadsheet) of Chuan Hup Hldgs (or was it CH Offshore?). At that point in time, if I remembered correctly, it'd become an Investment Holding co. and it's main assets were listed entities (CH Offshore plus some Malaysia / Australia? cos.) + some unlisted ones. So, every day, checking the break up discount to decide whether to buy/sell haha..
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(22-03-2012, 08:06 AM)KopiKat Wrote: [quote='yeokiwi' pid='21115' dateline='1332369618']
Hee... Jokes aside, I was seriously thinking you may actually be calculating the NAV of Guthrie using the latest psf data which you'd been able to obtain (perhaps from tenders or actual sale data).
I suddenly recalled that many years back, I was indeed computing NAV (auto update every day on spreadsheet) of Chuan Hup Hldgs (or was it CH Offshore?). At that point in time, if I remembered correctly, it'd become an Investment Holding co. and it's main assets were listed entities (CH Offshore plus some Malaysia / Australia? cos.) + some unlisted ones. So, every day, checking the break up discount to decide whether to buy/sell haha..
For property counters with hidden values, it is quite useful to calculate the estimated NAV.(at least to make you feel better that you are holding a gem during depressing period..haha)
Like today, the compasspoint is up for sale at close to $2400psf.(or much more????)
So, plugin the no. into the spreadsheet for valuation of JP and see the changes in the estimated NAV. haha..
But, seriously, it is quite tiring after a while.
So, as long the fundamental figures look about right, then just let it be and save some effort
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Hi did anyone go to the AGM today? Missed it cos of work commitments.
Can share what went on?
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Guthrie is on the roll. But seems like the price has dropped quite a bit since XD. NAV 84 cents, EPS 21.8 cents . This one surely must have some moat. Current price $0.535. Now buying Burlinton Square which is next to Sim Lim Square.
http://info.sgx.com/webcorannc.nsf/Annou...endocument
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well, it went on a buying spree lately, heartland mall, followed by the burlington.. all these cost around 190m ++ , which means to say it has to take on significant debt...
of course, it sounds cool to be doing acquisition all the time, but do not forget, for every buyer, there's a seller. In the current bullish property market, i think there lies more advantage to the seller
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It is true. In fact, if the property big wig are selling, then one has got to be cautious.
Anyway, GTS is no pushover with its Indonesian Salim and Putra backing. To be fair they are have pro-investors with their generous div policies.
(11-05-2012, 01:09 PM)money Wrote: well, it went on a buying spree lately, heartland mall, followed by the burlington.. all these cost around 190m ++ , which means to say it has to take on significant debt...
of course, it sounds cool to be doing acquisition all the time, but do not forget, for every buyer, there's a seller. In the current bullish property market, i think there lies more advantage to the seller
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(11-05-2012, 01:09 PM)money Wrote: well, it went on a buying spree lately, heartland mall, followed by the burlington.. all these cost around 190m ++ , which means to say it has to take on significant debt...
of course, it sounds cool to be doing acquisition all the time, but do not forget, for every buyer, there's a seller. In the current bullish property market, i think there lies more advantage to the seller
Guess Guthrie is doing what it is suppose to be doing. Consolation is that it is doing so locally and not in China or Vietnam or Myanmar which would be quite scary. Singapore looks OK at least at this point in time- two IR's set to overtake Las Vegas, capital city, island state, international hub, at the crossroads of Asia, Oceania and Europe, growing (albeit ageing) population, etc, etc. Of course the wild card is still Europe's debt, China's hard landing and a long war in Iran. And no overcompensating policies from the powers that be.
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I think the fact that Cortina purchased units in the former Adelphi from Guthrie shows that there is good value in that prime estate and the market outlook for retail space is still strong given the expected increase in tourist numbers.
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Guthrie price ran up almost 15% on high volume over the last 4-5 trading days, something interesting coming?
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