ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › S - S v
Singapore Press Holdings (SPH)

Singapore Press Holdings (SPH)

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Temperament Offline
Posting Freak
*****
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation: 17
#691
19-07-2013, 07:46 PM (This post was last modified: 19-07-2013, 11:12 PM by Temperament.)
From reading the postings of SPH REITS IPO, it seems most bloggers here are not in favour. Then how come Institutions's & HNWI's tranche has been oversubscribed 42 times? Hm........! Is it a trap or we are not as smart? Of course how can we be smarter?
i understand cornerstone investors who will be allotted 10% of the IPO have no lock in period. i think this may be one of the reasons why it is oversubscribed up to 42 times. Another reason is this is a "blue chip" REIT. i think we should be prepared for heavy trading on the 1st day of listing. i will tikam a bit on the IPO and may join in the trading.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Find
Reply
KopiKat Offline
Tikam Buddy
*****
Posts: 1,889
Threads: 5
Joined: Feb 2011
Reputation: 15
#692
24-07-2013, 03:13 PM
My estimate on the impact of SPH REIT share price, assuming a 70% holding (over-allotment exercised) by SPH is,

For every 1ct change in SPH REIT share price, this equates to a $17.5Mil change in value or 1.1ct / share. Of course can be +ve / -ve, using IPO Price of $0.90 as a reference.
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
Find
Reply
Greenrookie Offline
Senior Member
****
Posts: 763
Threads: 18
Joined: Apr 2012
Reputation: 18
#693
24-07-2013, 05:04 PM (This post was last modified: 24-07-2013, 05:07 PM by Greenrookie.)
(24-07-2013, 03:13 PM)KopiKat Wrote: My estimate on the impact of SPH REIT share price, assuming a 70% holding (over-allotment exercised) by SPH is,

For every 1ct change in SPH REIT share price, this equates to a $17.5Mil change in value or 1.1ct / share. Of course can be +ve / -ve, using IPO Price of $0.90 as a reference.

Does the revaulation of financial assets get captured in the quarterly PnL? Or it is annually? What is used? 3 months price average, or price at a particular cut-off date?
Find
Reply
AlphaQuant Offline
Member
***
Posts: 480
Threads: 42
Joined: Aug 2012
Reputation: 39
#694
24-07-2013, 05:38 PM
(24-07-2013, 05:04 PM)Greenrookie Wrote: Does the revaulation of financial assets get captured in the quarterly PnL? Or it is annually? What is used? 3 months price average, or price at a particular cut-off date?

hmm given SPH owns 72% of SPH-REIT, the latter should be considered a subsidiary of the former and hence balance sheet is consolidated - the latter should not be considered as an asset-for-sale so price movements in SPH-REIT should not affect the b/s of SPH.

The only reval should be for the investment properties (since they are no longer valued @ cost) - this should be done annually i suppose?
Find
Reply
nathanmaloney Offline
Newbie
*
Posts: 24
Threads: 0
Joined: May 2013
Reputation: 1
#695
25-07-2013, 05:41 PM (This post was last modified: 25-07-2013, 05:42 PM by nathanmaloney.)
$0.18 dividend coming in 10 days! Wink

Just announced today:

Record Date * 05/08/2013
Record Time * 17:00
Date Paid/Payable (if applicable) 16/08/2013
Find
Reply
KopiKat Offline
Tikam Buddy
*****
Posts: 1,889
Threads: 5
Joined: Feb 2011
Reputation: 15
#696
25-07-2013, 05:59 PM (This post was last modified: 25-07-2013, 06:16 PM by KopiKat.)
(25-07-2013, 05:41 PM)nathanmaloney Wrote: $0.18 dividend coming in 10 days! Wink

Just announced today:

Record Date * 05/08/2013
Record Time * 17:00
Date Paid/Payable (if applicable) 16/08/2013

What a pleasant surprise! I was expecting them to declare with the FY (Aug) results sometime in mid-Oct... Cool

Interesting... it was announced at 12:30pm. Dropped 1ct for the day even... Looks like already factored into current price.. or no one noticed?? Tongue
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
Find
Reply
nathanmaloney Offline
Newbie
*
Posts: 24
Threads: 0
Joined: May 2013
Reputation: 1
#697
25-07-2013, 06:22 PM
Yea I was surprised too about the "annoucement"

There wasn't even a CD sign next to the counter symbol.

So not that surprised about the lack of response. I don't think it's factored in yet - the dividend is still 4.17% at today's price.

That's a pretty decent yield for a 10 days time frame.

(25-07-2013, 05:59 PM)KopiKat Wrote:
(25-07-2013, 05:41 PM)nathanmaloney Wrote: $0.18 dividend coming in 10 days! Wink

Just announced today:

Record Date * 05/08/2013
Record Time * 17:00
Date Paid/Payable (if applicable) 16/08/2013

What a pleasant surprise! I was expecting them to declare with the FY (Aug) results sometime in mid-Oct... Cool

Interesting... it was announced at 12:30pm. Dropped 1ct for the day even... Looks like already factored into current price.. or no one noticed?? Tongue
Find
Reply
KopiKat Offline
Tikam Buddy
*****
Posts: 1,889
Threads: 5
Joined: Feb 2011
Reputation: 15
#698
26-07-2013, 09:08 AM
(25-07-2013, 06:22 PM)nathanmaloney Wrote: Yea I was surprised too about the "annoucement"

There wasn't even a CD sign next to the counter symbol.

So not that surprised about the lack of response. I don't think it's factored in yet - the dividend is still 4.17% at today's price.

That's a pretty decent yield for a 10 days time frame.

(25-07-2013, 05:59 PM)KopiKat Wrote:
(25-07-2013, 05:41 PM)nathanmaloney Wrote: $0.18 dividend coming in 10 days! Wink

Just announced today:

Record Date * 05/08/2013
Record Time * 17:00
Date Paid/Payable (if applicable) 16/08/2013

What a pleasant surprise! I was expecting them to declare with the FY (Aug) results sometime in mid-Oct... Cool

Interesting... it was announced at 12:30pm. Dropped 1ct for the day even... Looks like already factored into current price.. or no one noticed?? Tongue


Opened @ $4.32...

We're both seeing a $100 bill on the pavement. It can't be real, cos' there're so many walking past it.... Nvm, I'm gonna look like a fool and pick it up...Tongue

PS. Added some more, worst case, hang aro' till mid-Oct when they announce FY (Aug). Possibly another ~17ct final if maintain same as last FY.. Good Luck! Wink
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
Find
Reply
nathanmaloney Offline
Newbie
*
Posts: 24
Threads: 0
Joined: May 2013
Reputation: 1
#699
26-07-2013, 12:44 PM
I guess everybody's attention is now on SPH reits, instead of plain ol' SPH.

REIT frenzy has overshadowed the parent company.
Find
Reply
Temperament Offline
Posting Freak
*****
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation: 17
#700
26-07-2013, 12:48 PM
Not really!
i have sold all my SPH. Some a bit too early. Some if i buy back now is still O. K. i am just monitoring now.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Find
Reply


Forum Jump:


Users browsing this thread: 14 Guest(s)