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Stamford Land
10-01-2017, 11:53 PM,
Post: #1391
RE: Stamford Land
On closer scrutiny, if my interpretation of the newly amended development plans for Glenelg district is correct, it appears that the Stamford Grand Adelaide site is zoned “commercial” and not “high density residential”. Being 13 storeys in height, it is considered one of the most dominant building in the area already.
 
What other possible “Adelaide surprises” could it be ? Newly acquired sites ?
_________________________________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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11-01-2017, 07:58 AM,
Post: #1392
Stamford Land
(10-01-2017, 11:53 PM)Boon Wrote: On closer scrutiny, if my interpretation of the newly amended development plans for Glenelg district is correct, it appears that the Stamford Grand Adelaide site is zoned “commercial” and not “high density residential”. Being 13 storeys in height, it is considered one of the most dominant building in the area already.
 
What other possible “Adelaide surprises” could it be ? Newly acquired sites ?
_________________________________________________________________________________________________________________________________________


If I read correctly from the interview, Adelaide is finally having direct flights with China cities. He mentioned that the potential of hotel biz is going to be good. So i doubt they are going to redevelop current adelaide hotel.

It is likely that they will redeploy capital from mvp to acquire new site in adelaide for condo development. Investors hoping for huge one time dividend is likely to be dissappointed.

<vested>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".

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11-01-2017, 02:11 PM,
Post: #1393
RE: Stamford Land
Looking at one of its recent job ad, it seems that SLC is also seriously looking or intend to look at opportunities in Europe and North Asia markets as well ………………………….
 
This is consistent with what has been reported in the AR:
 
To support a longer-term strategic growth plan, we are also in the process of recruiting resources for property development (focusing on different geographies) as well as for hotel management in the different market segments. We hope to share more details in the near future.”
 
Interestingly, they are hiring two and not one
______________________________________________________________________________
 
http://sg.jobsdb.com/SG/en/Search/FindJo...SSRC=SRLSC
 
Analyst/ Assistant Manager/ Manager/ Senior Manager, Property Development

02-Jan-17
jobsDB ref: JSG400003003061487
 
Job Overview
 
Due to expansion, we are hiring 2 more positions.
 
The incumbent supports the Senior Director in the acquisition, development and disposal of different asset classes, i.e., hotels, residential and commercial properties. This includes conducting feasibility studies on prospective transactions and performing financial analysis of acquisitions, developments and disposal of assets. Analysis work may include market research, comparative analysis of comp set, obtaining third party budgets, and review of historical financial data. 
 
Duties and Responsibilities
 
  Provide market research and property profiles in target markets
  Develop financial models and costings for potential investments
  Travel to properties located in specific markets
  Oversee the due diligence process 
  Assist in executing transactions for acquisitions and/or disposals
  Review legal documents such as SPA
  Partner with Finance to secure funding for project financing and minimise tax exposure
  Generate presentation materials, RFP documents, reports etc. as and when required
  Prepare annual valuations and monthly reports for owned assets
  Other duties as assigned 
   
Requirements
 
  Degree holder with at least 2 to 3 years’ relevant experience in a similar capacity. Incumbents with CFA qualification will be considered favourably
  Experience in Europe or North Asia markets highly preferred
  Experience in managing small to large-scale transactions
  Proven experience in managing end-to-end development and construction projects
  Able to travel extensively, if required
  On need-to basis, able to be stationed overseas for up to 3 months
 
For quicker response, please apply directly through our job portal website at www.stamfordland.com
________________________________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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24-01-2017, 01:17 PM,
Post: #1394
RE: Stamford Land
http://stamfordland.listedcompany.com/ne...171116.pdf

MPV Project Update:
_________________________________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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24-01-2017, 01:30 PM,
Post: #1395
Stamford Land
(24-01-2017, 01:17 PM)Boon Wrote: http://stamfordland.listedcompany.com/ne...171116.pdf

MPV Project Update:
_________________________________________________________________________________________________________________________________________


Thanks Boon for the update.

Seems like brisbane & hobart (partly) also TOP-ed.

IIRC, revenue recognition is upon TOP?

From the photo, it seems to me that the commercial/retail units are at Hobart building which was still empty as per Oct 2016.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".

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24-01-2017, 05:52 PM,
Post: #1396
RE: Stamford Land
(01-08-2016, 02:28 PM)persia Wrote:
(01-08-2016, 12:28 PM)Stocker Wrote: Chairman was quite condescending when he said shareholders who cheered Mano's comments were in Mano's fan club. Mano was not wrong to raise the questions and he carried himself so well that  maintained his cool throughout.
When asked whether the dividend would  be restored or was it the beginning of the new dividend policy ,  the answer was rude and combative .
He wanted to close the meeting fast by giving reasons that they were running out of time , one of the director was too busy and need to fly back to Australia , the director only spend less than 24 hours in Singapore ..... This  aroused one guy who stood up and shouted at him , telling him AGM was for investors to meet the management , because the management was the team who run the business and investors need to know more about the status of the company.
He kept accusing many were cheer leaders of MANO , what made him thought so ?
It was indeed disgusting to witness an most uncivil AGM of a public listed company .

Thanks Stocker for the update! Regarding Mano's question whether the dividend would be restored or was it the beginning of the new dividend policy, did the "rude and combative" answer provide any further clarity on this topic?  Huh

(24-01-2017, 01:30 PM)ksir Wrote:
(24-01-2017, 01:17 PM)Boon Wrote: http://stamfordland.listedcompany.com/ne...171116.pdf

MPV Project Update:
_________________________________________________________________________________________________________________________________________


Thanks Boon for the update.

Seems like brisbane & hobart (partly) also TOP-ed.

IIRC, revenue recognition is upon TOP?

From the photo, it seems to me that the commercial/retail units are at Hobart building which was still empty as per Oct 2016.

TOP - S&P will come to a final settlement , developers will receive full balance payment .

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24-01-2017, 06:16 PM,
Post: #1397
RE: Stamford Land
It is called “occupation certificate” Down Under and not “temporary occupancy permit or “TOP”.
 
“Occupation certificate” is required to settle sales "off the plan".
 
Revenue could only be recognized upon “settlement” of sales.
 
According to the project update:
 
Pre-settlement inspections will start in January 2017 for Adelaide, Darwin, Perth buildings – with forecast settlement expected in March 2017.
 
If they could settle sales for all the three buildings before 31 March 2017, revenue to be recognized for this financial year could be substantial.
______________________________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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24-01-2017, 11:14 PM,
Post: #1398
RE: Stamford Land
Guess better dividend can be declared for FY17.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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24-01-2017, 11:18 PM,
Post: #1399
Stamford Land
(24-01-2017, 06:16 PM)Boon Wrote: It is called “occupation certificate” Down Under and not “temporary occupancy permit or “TOP”.
 
“Occupation certificate” is required to settle sales "off the plan".
 
Revenue could only be recognized upon “settlement” of sales.
 
According to the project update:
 
Pre-settlement inspections will start in January 2017 for Adelaide, Darwin, Perth buildings – with forecast settlement expected in March 2017.
 
If they could settle sales for all the three buildings before 31 March 2017, revenue to be recognized for this financial year could be substantial.
______________________________________________________________________________________________________________________________________


Thanks Boon for pointing out. Learn something new.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".

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09-02-2017, 12:09 AM,
Post: #1400
RE: Stamford Land
(24-01-2017, 11:18 PM)ksir Wrote:
(24-01-2017, 06:16 PM)Boon Wrote: It is called “occupation certificate” Down Under and not “temporary occupancy permit or “TOP”.
 
“Occupation certificate” is required to settle sales "off the plan".
 
Revenue could only be recognized upon “settlement” of sales.
 
According to the project update:
 
Pre-settlement inspections will start in January 2017 for Adelaide, Darwin, Perth buildings – with forecast settlement expected in March 2017.
 
If they could settle sales for all the three buildings before 31 March 2017, revenue to be recognized for this financial year could be substantial.
______________________________________________________________________________________________________________________________________


Thanks Boon for pointing out. Learn something new.

Based on latest postings of Chinese owner on chinese forum, settlement for Adelaide apartment is taking place mid-Mar...

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