ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › P - P v
Popular Holdings

Popular Holdings

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
NTL Offline
I am a Freak!
*****
Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation: 6
#481
22-09-2013, 11:57 AM (This post was last modified: 22-09-2013, 11:59 AM by NTL.)
(18-09-2013, 03:07 PM)specuvestor Wrote: Someone once told me it is best to get units where the directors have a unit so that u can complain to him if anything wrong Big Grin Better still, get him into the MCST Big Grin

Understandably, not many directors would want to be in such position Big Grin

Isn't it that after the development is passed to the MCST, and after the warranty, it is no longer the responsibility of the developer to handle any complaints?

If that is the case, having a director of the developer within the MCST will have what difference?
Find
Reply
kagemusha Offline
Member
***
Posts: 232
Threads: 11
Joined: Aug 2013
Reputation: 2
#482
23-09-2013, 11:39 AM
lol, all the directors are probably staying in landed property.
Find
Reply
specuvestor Offline
Posting Freak
*****
Posts: 3,727
Threads: 6
Joined: Oct 2012
Reputation: 95
#483
23-09-2013, 12:01 PM
(22-09-2013, 11:57 AM)NTL Wrote:
(18-09-2013, 03:07 PM)specuvestor Wrote: Someone once told me it is best to get units where the directors have a unit so that u can complain to him if anything wrong Big Grin Better still, get him into the MCST Big Grin

Understandably, not many directors would want to be in such position Big Grin

Isn't it that after the development is passed to the MCST, and after the warranty, it is no longer the responsibility of the developer to handle any complaints?

If that is the case, having a director of the developer within the MCST will have what difference?

Vested interest and connections.

An IT guy went to the boss' home to do up the intranet, though it is unlikley to be in his job description. If the director is asking the developer to fix up the termites infested swimming pool, if it is not too much an issue, I doubt it will be declined because it is beyond warranty. Real world is not so black and white.
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)
Find
Reply
camelking Offline
Member
***
Posts: 342
Threads: 2
Joined: Jul 2011
Reputation: 0
#484
23-09-2013, 10:11 PM
(23-09-2013, 11:39 AM)kagemusha Wrote: lol, all the directors are probably staying in landed property.

true! Big Grin
Find
Reply
ashuro Offline
Newbie
*
Posts: 24
Threads: 0
Joined: Jan 2013
Reputation: 2
#485
24-09-2013, 06:38 PM (This post was last modified: 24-09-2013, 06:43 PM by ashuro.)
(22-09-2013, 10:54 AM)godjira1 Wrote: Ashuro - its obvious u are choosing to read my comments your way and I have no interest in engaging internet trolls. My last on this matter then.


last word is certainly yours, regardless how its read:

"... At the end of the day the property has been paid for and the company could posit as a property owner rather than a developer. ..."
(22-09-2013, 11:04 AM)KopiKat Wrote:
(22-09-2013, 10:54 AM)godjira1 Wrote: Ashuro - its obvious u are choosing to read my comments your way and I have no interest in engaging internet trolls. My last on this matter then.

Ditto here... Most likely someone with an axe to grind as all posts so far is right in this thread...Rolleyes

ditto, I'm sure all the experienced business experts have been right about direction of property development since the scratchy AGM few years back.

so, the experts reckon that sinking money into bricks & mortar even at a loss is always better than cash in the bank....
Find
Reply
ls555 Offline
Newbie
*
Posts: 11
Threads: 2
Joined: Dec 2010
Reputation: 1
#486
04-10-2013, 11:39 AM
Interesting Video from Investor Central

Popular Holdings: Why did it impair the units at '18 Shelford' shortly before selling them to the CEO?

http://video.xin.msn.com/watch/video/pop...g/pfyq2ub3
Find
Reply
ashuro Offline
Newbie
*
Posts: 24
Threads: 0
Joined: Jan 2013
Reputation: 2
#487
04-10-2013, 05:04 PM
(04-10-2013, 11:39 AM)ls555 Wrote: Interesting Video from Investor Central

Popular Holdings: Why did it impair the units at '18 Shelford' shortly before selling them to the CEO?

http://video.xin.msn.com/watch/video/pop...g/pfyq2ub3

thanks for a most excellent weblink.

books & stationery stocks are easy to re-label, price-dumped & written-off, not so easy with empty floor-spaces on property development.

cf. numbers game @ Post: #457 by KopiKat
Find
Reply
karlmarx Offline
Part-Time Capitalist
*****
Posts: 1,348
Threads: 42
Joined: Mar 2011
Reputation: 87
#488
04-10-2013, 11:11 PM
Why would he flip the property and incur loses through the stamp duties?

If the motive was the get the properties off the balance sheet, couldn't they just lower the list price?
Find
Reply
ashuro Offline
Newbie
*
Posts: 24
Threads: 0
Joined: Jan 2013
Reputation: 2
#489
06-10-2013, 06:49 PM
(04-10-2013, 11:11 PM)karlmarx Wrote: Why would he flip the property and incur loses through the stamp duties?

If the motive was the get the properties off the balance sheet, couldn't they just lower the list price?

No.
Find
Reply
Kelvin Offline
Member
***
Posts: 116
Threads: 3
Joined: Aug 2012
Reputation: 0
#490
23-10-2013, 09:43 AM
since share buy back stopped, share price has been slidding
Find
Reply


Forum Jump:


Users browsing this thread: 5 Guest(s)