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Stamford Land
15-02-2018, 10:50 AM,
Post: #1571
RE: Stamford Land
(08-07-2017, 11:32 PM)Boon Wrote: http://stamfordland.listedcompany.com/ne...171116.pdf
There are 12 commercial/retail suites in the MPV project as well.
More $$$$$$$.............
_________________________________________________________________________________________________________________

Thanks Boon! It's much clearer now..

Looking back at the settlement timeline in your earlier post... Hobart was forecasted for completion in 2H 2017... nothing mentioned specifically about 3Q 2017... 

I was mistakenly hoping for and assuming that settlements for Hobart will take place in 3Q 2017...

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15-02-2018, 10:54 AM,
Post: #1572
RE: Stamford Land
(11-07-2017, 01:36 PM)sgpunter Wrote: The attractiveness of Stamford Land compared to other property stocks was once its dividend yield but seems like that will be a thing of the past going forward. In fact, there are several other more established property counters trading at higher yields compared to SL!

Whilst they talk about a potential Reit spinoff, the caveat is that there must be promising and lucrative assets to invest in with the proceeds. I am just wondering why can't they keep the proceeds first and wait for an opportunity to present itself and in the meantime, continue paying shareholders a decent yield? By the time they identify an opportunity and go through due process and all for a Reit spinoff, the opportunity may be gone with the time lapsed.  

I honestly don't mind accepting lower dividends in lieu of growth but there must be tangible growth plans in place and looking at it, I don't see anything except talk for now. Spin off the hotel assets and earn fees as a property manager like what CDL and OUE are doing whilst keeping cash on hand sounds like a better plan to me.

I only hope SL is not going down the path of Lion Teck Chiang nka LTC Corp...many shareholders miss the days when Ow was generous to his shareholders back in the Hai Sun Hup era...

Looking back through earlier post... perhaps going down the path of Lion Teck Chiang may not appear so bad to some shareholders now ....  Wink

http://www.businesstimes.com.sg/companie...-per-share

LTC Corporation controlling shareholders plan takeover offer at S$0.925 per share

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15-02-2018, 12:47 PM,
Post: #1573
RE: Stamford Land
(15-02-2018, 10:50 AM)persia Wrote:
(08-07-2017, 11:32 PM)Boon Wrote: http://stamfordland.listedcompany.com/ne...171116.pdf
There are 12 commercial/retail suites in the MPV project as well.
More $$$$$$$.............
_________________________________________________________________________________________________________________

Thanks Boon! It's much clearer now..

Looking back at the settlement timeline in your earlier post... Hobart was forecasted for completion in 2H 2017... nothing mentioned specifically about 3Q 2017... 

I was mistakenly hoping for and assuming that settlements for Hobart will take place in 3Q 2017...

Hi persia,
 
Hobart and Melbourne are simply too close to each other – maybe the addition of 60 units to the Melbourne building had “complicated” or “delayed” the earlier completion of Hobart as originally planned.
 
That said, Hobart might still be able to be completed and settled ahead of Melbourne and Sydney but not by much in terms of timeline. By value and cash flow, being the smallest block (only 39 units), its impact is not that significant either.  To err on the conservative side, one could assume that the remaining 3 blocks would be completed at the same time.
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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15-02-2018, 03:38 PM,
Post: #1574
RE: Stamford Land
(15-02-2018, 12:47 PM)Boon Wrote:
(15-02-2018, 10:50 AM)persia Wrote:
(08-07-2017, 11:32 PM)Boon Wrote: http://stamfordland.listedcompany.com/ne...171116.pdf
There are 12 commercial/retail suites in the MPV project as well.
More $$$$$$$.............
_________________________________________________________________________________________________________________

Thanks Boon! It's much clearer now..

Looking back at the settlement timeline in your earlier post... Hobart was forecasted for completion in 2H 2017... nothing mentioned specifically about 3Q 2017... 

I was mistakenly hoping for and assuming that settlements for Hobart will take place in 3Q 2017...

Hi persia,
 
Hobart and Melbourne are simply too close to each other – maybe the addition of 60 units to the Melbourne building had “complicated” or “delayed” the earlier completion of Hobart as originally planned.
 
That said, Hobart might still be able to be completed and settled ahead of Melbourne and Sydney but not by much in terms of timeline. By value and cash flow, being the smallest block (only 39 units), its impact is not that significant either.  To err on the conservative side, one could assume that the remaining 3 blocks would be completed at the same time.

Hi Boon , Many thanks , your research is really one class above ! 

Happy Lunar New Year to all who are celebrating this occasion .
“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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