Eastern Holdings

[opmi]

Every time market corrects, someone can hop durians.

As at 10.32am now,

bid 315,000 0.285 0.290 415,000 offer

i hope some rich guy will quickly buy up the 415 lots, it wont be good if the 'someone' hop durians cheap all the time

notice that the buy queue will automatically match the big sell queue.

the standing instruction is probably buy everything up to 28.5 cents. But not a cent over..

[smallcaps]

According to this prop guru ad, Grove Residence only left with 1 unit:

http://www.propertyguru.com.sg/listing/1...-residence

So maybe the unit being marketed at $8.6 mil has been sold recently.

Assuming it is, then total revenue from the 5 units would be around 34 mil.

Going to overflow with cash once TOP in half a year's time...

Maybe that's why someone answered safetyfirst's call to buy the 415 lots (in one shot)?

[opmi]

Maybe it is ST that bought.

Anyone passing by Grove residence ? Can help take some photos and Post here.
Maybe TOP soon. Then TOP cash coming in.

[smallcaps]

Maybe it is ST that bought.

Anyone passing by Grove residence ? Can help take some photos and Post here.
Maybe TOP soon. Then TOP cash coming in.

Announcement came out alreadi. ST bought 6 lots on that day @28.5 cents. Thus the remaining 415 lots @29 cents was bought by someone else.

http://infopub.sgx.com/Apps?A=COW_Corpor...ybF6fm1Yz0

[safetyfirst]

Well i think he made a big mistake by not compromising for half a cent. People selling 415 lots, not 41 lots, yet he allowed such a good block of shares to be taken up by another serious buyer

[smallcaps]

Well i think he made a big mistake by not compromising for half a cent. People selling 415 lots, not 41 lots, yet he allowed such a good block of shares to be taken up by another serious buyer

Reminds me of the time I didn't buy fu yu at 5.8 cents simply becoz wanted to buy it at 5.7 cents...end up didn't buy at all.

[smallcaps]

Grove Residence construction progress:

[Image: 2u5umy3a.jpg]

[Image: nupemyte.jpg]

[Image: 2uve4ugy.jpg]

And written on the sales signboard, expected top is 12 oct 2014

[opmi]

Thanks for your help. If the project is under progressive payment, some
money should come in already. Does landed property has progressive
payment scheme?

[smallcaps]

Thanks for your help. If the project is under progressive payment, some
money should come in already. Does landed property has progressive
payment scheme?

Guess so... the standard payment scheme seems to be general (roofing/ceiling).

http://www.ura.gov.sg/lad/HBG/progressPayments.htm

Probably it would breakeven with the book value (before writedown). My expectations for Grove Residence was very low in the first place, thus happy enough that no need to worry about QC.

Anyway, ST continuing his accumulation:

2014-04-07 : 62 lots @ 28.0 cents
2014-03-13 : 6 lots @ 28.5 cents
2014-03-11 : 36 lots @ 28.5 cents
2014-03-10 : 9 lots @ 28.5 cents
2014-03-05 : 85 lots @ 28.5 cents
2014-02-04 : 388 lots @ 28.5 cents
2014-01-30 : 24 lots @ 28.0 cents
2014-01-28 : 10 lots @ 28.0 cents
2014-01-27 : 44 lots @ 28.0 cents
2014-01-14 : 32 lots @ 28.5 cents
2014-01-13 : 30 lots @ 28.5 cents
2014-01-09 : 303 lots @ 28.5 cents
2013-12-10 : 30 lots @ 28.0 cents
2013-12-09 : 18 lots @ 28.0 cents
2013-12-05 : 30 lots @ 28.0 cents
2013-11-25 : 299 lots @ 27.96 cents
2013-09-05 : 50 lots @ 25.0 cents
2013-09-04 : 362 lots @ 25.0 cents
2013-08-30 : 50 lots @ 24.5 cents
2013-08-28 : 241 lots @ 24.5 cents
2013-08-21 : 45 lots @ 24.5 cents
2013-08-20 : 162 lots @ 24.5 cents
2013-08-16 : 155 lots @ 24.5 cents
2013-08-13 : 12 lots @ 24.5 cents
2013-08-12 : 64 lots @ 24.5 cents
2013-08-06 : 273 lots @ 24.5 cents
2013-08-05 : 31 lots @ 24.5 cents
2013-08-02 : 212 lots @ 24.5 cents
2013-07-31 : 165 lots @ 24.2 cents

[smallcaps]

More purchases from ST.
He's now at 83.242%

2014-04-28 : 171 lots @ 28.5 cents
2014-04-22 : 50 lots @ 28.5 cents
2014-04-07 : 62 lots @ 28.0 cents
2014-03-13 : 6 lots @ 28.5 cents
2014-03-11 : 36 lots @ 28.5 cents
2014-03-10 : 9 lots @ 28.5 cents
2014-03-05 : 85 lots @ 28.5 cents
2014-02-04 : 388 lots @ 28.5 cents
2014-01-30 : 24 lots @ 28.0 cents
2014-01-28 : 10 lots @ 28.0 cents
2014-01-27 : 44 lots @ 28.0 cents
2014-01-14 : 32 lots @ 28.5 cents
2014-01-13 : 30 lots @ 28.5 cents
2014-01-09 : 303 lots @ 28.5 cents
2013-12-10 : 30 lots @ 28.0 cents
2013-12-09 : 18 lots @ 28.0 cents
2013-12-05 : 30 lots @ 28.0 cents
2013-11-25 : 299 lots @ 27.96 cents
2013-09-05 : 50 lots @ 25.0 cents
2013-09-04 : 362 lots @ 25.0 cents
2013-08-30 : 50 lots @ 24.5 cents
2013-08-28 : 241 lots @ 24.5 cents
2013-08-21 : 45 lots @ 24.5 cents
2013-08-20 : 162 lots @ 24.5 cents
2013-08-16 : 155 lots @ 24.5 cents
2013-08-13 : 12 lots @ 24.5 cents
2013-08-12 : 64 lots @ 24.5 cents
2013-08-06 : 273 lots @ 24.5 cents
2013-08-05 : 31 lots @ 24.5 cents
2013-08-02 : 212 lots @ 24.5 cents
2013-07-31 : 165 lots @ 24.2 cents