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Stamford Land
05-04-2020, 11:14 AM.
Post: #2131
RE: Stamford Land
(05-04-2020, 10:06 AM)valueinvestor Wrote: Now hotels are empty , SL and many hotel owners may have to file for Chapter 11 , why should he take it private ?

wa...so serious ha...

got saying "when you owe $1m, it is your problem. When you owe $1bn, it is the banks' problem"

and the hotels owed the banks billions....BTW it is better to owe the banks than some faceless CMBS manager...
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05-04-2020, 03:12 PM. (This post was last modified: 05-04-2020, 03:15 PM by valueinvestor.)
Post: #2132
RE: Stamford Land
SL is a small player , though OW always act and talk big   , if DYNONS PLAZA lease is not renew by this month , they only have the rental income from the 60 % owned office building from London , how to cover the total operating costs when hotels are not generating any revenue ?

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05-04-2020, 11:38 PM.
Post: #2133
RE: Stamford Land
Ow used the company's money to buy back about 70m of shares . Can SL sell the shares if the company is in need of fund ?

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06-04-2020, 09:45 AM. (This post was last modified: 06-04-2020, 11:03 AM by weijian.)
Post: #2134
RE: Stamford Land
SL bought back most of its shares in the ~50cents range. If the company is in need of funds now, it will probably be destructive of value to place out these treasury shares. From accounting perspective, their equity will be reduced, although P/L not affected (thanks to dominhaihai for correcting me in subsequent post)

As the saying goes, the action of share buyback is not the key. The key and interesting portion is what it does with the shares that it buys back.

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06-04-2020, 10:05 AM.
Post: #2135
RE: Stamford Land
Dynons Plaza , It seemed Chevron had extended for another 11 Years .


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06-04-2020, 10:09 AM.
Post: #2136
RE: Stamford Land
(06-04-2020, 09:45 AM)weijian Wrote: SL bought back most of its shares in the ~50cents range. If the company is in need of funds now, it will probably be destructive of value to place out these treasury shares. From accounting perspective, they will have to recognize a loss on their P/L.

As the saying goes, the action of share buyback is not the key. The key and interesting portion is what it does with the shares that it buys back.

Equity movement instead of p&l.

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06-04-2020, 11:02 AM.
Post: #2137
RE: Stamford Land
(06-04-2020, 10:09 AM)donmihaihai Wrote:
(06-04-2020, 09:45 AM)weijian Wrote: SL bought back most of its shares in the ~50cents range. If the company is in need of funds now, it will probably be destructive of value to place out these treasury shares. From accounting perspective, they will have to recognize a loss on their P/L.

As the saying goes, the action of share buyback is not the key. The key and interesting portion is what it does with the shares that it buys back.

Equity movement instead of p&l.

hi donmihaihai,
The last time a placement happened in my head came from China Sunsine. I traced back the VB posting, looked back at 2Q17 results (where it happened) and you are right.

Thanks for correcting my mistake. I have corrected my previous erroneous post.

China Sunsine 2Q17 with placement of treasury shares: http://www.chinasunsine.com/files/latest...2Q2017.pdf

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