Global Premium Hotels

[greengiraffe]

nothing new... this is his proven formula, list liao then keep buying from open mkt, stock split and keep repeating.

I see no road and will stay clear...

Not vested

wow..1mio commitment in a single day...not a small sum by any count..

[pianist]

Seems like it is a proven tested formula.

[greengiraffe]

Seems like it is a proven tested formula.

Until proven otherwise... my question is how are they ever to realise value in companies they substantially owned... seriously defeating the purpose of a listing

[tonyking]

SGX Announcement 13 May 13:
GP Hotel Chairman Koh Wee Meng brought another 1,000 lots via open market at $0.265, spent another $265,000+ on the purchase. His direct stake increase from 4.28% to 4.37%, with deemed stake at 52.28%.
NAV: 38.46cent (based on 13Q1 report)
EPS FY12: 2.07cent (based on AR12)
PE Ratio: 12.8

Though unsure y management would "list, buyback & split, then buyback" though tis case don't see any reasons for splitting yet w its $0.265 share price. But conventionally, a cash purchase of coy share is certainly a positive action to inspire investor confidence, after all e Chairman n his Fragrance owns a collective 56.65% stakes, this imply he's confident in e biz.

Perhaps e whole listing in e 1st place is to use capital money to expand, then use dividend & director fees to slowly buyback & consolidate control, after w his stakes now means no competitor could launch a hostile takeover.

Of coz, he may also do so to boost share price, to neg.a better loan terms w banks etc.but that seem a trivial matter, after all he's on e side of investor (like us, but w advantage of coz), his networth are tied in e coy performance via his stakes. So long term or trading wise, this counter should not be ignored.

~ My 2 cents worth... (vested)

[pianist]

read yr 2 cents, indeed is an eye opener.

[tonyking]

SGX Announcement 20 May 13:
GP Hotel Chairman Koh Wee Meng bought yet another 1,000 lots via open market at $0.27, spent another $270,000+ on the purchase.
The day's entire transacted 1000 lots @ $0.27 were purchased only by him, at 4.56pm, pushing the closing price to $0.27.

His direct stake increase from 4.37% to 4.47%, with deemed stake at 52.28%.
NAV: 38.46cent (based on 13Q1 report)
EPS FY12: 2.07cent (based on AR12)
PE Ratio: 12.8

Clearly he's either too eager to buy back his stakes in the company (not sure if he's planning to take the company private), or he's trying to "influence" the price chart. The coy's closing at $0.27, led its price to close above all its Moving Averages, some short-term MAs like 5D, 7D MAs cross above longer term MAs like 100D MA. This on a chartist point of view, create a bullish picture & signal potential entry.

That is, if the market responds & follow the Chairman's lead to push up the share price further. $0.275 is its resistance point, if break above, the price may retest its IPO's initial trading prices of $0.29-0.295.

So far, his purchase covers close to 30-40% of the entire trading volume of the day, but with his substantial stakes, any offloading by him will be "visible" & cause the price into freefall. Clearly if he's not trying to accumulate to take coy private (coz he think e current price is too cheap) or he's trying to boost the price for whatever reasons; I am not sure what else his continuous substantial purchases could mean.
In any cases, a rising price makes shareholders happy anyway.

Caveat: I am vested

[Contrarian]

Bro, Chairman owns a big proportion of shares. In real situation, there is very little trade by retail investors.

If you need to sell in huge quantities, he will buy BUT ONLY AT HIS PRICE. So do beware...

SGX Announcement 20 May 13:
GP Hotel Chairman Koh Wee Meng bought yet another 1,000 lots via open market at $0.27, spent another $270,000+ on the purchase.
The day's entire transacted 1000 lots @ $0.27 were purchased only by him, at 4.56pm, pushing the closing price to $0.27.

His direct stake increase from 4.37% to 4.47%, with deemed stake at 52.28%.
NAV: 38.46cent (based on 13Q1 report)
EPS FY12: 2.07cent (based on AR12)
PE Ratio: 12.8

Clearly he's either too eager to buy back his stakes in the company (not sure if he's planning to take the company private), or he's trying to "influence" the price chart. The coy's closing at $0.27, led its price to close above all its Moving Averages, some short-term MAs like 5D, 7D MAs cross above longer term MAs like 100D MA. This on a chartist point of view, create a bullish picture & signal potential entry.

That is, if the market responds & follow the Chairman's lead to push up the share price further. $0.275 is its resistance point, if break above, the price may retest its IPO's initial trading prices of $0.29-0.295.

So far, his purchase covers close to 30-40% of the entire trading volume of the day, but with his substantial stakes, any offloading by him will be "visible" & cause the price into freefall. Clearly if he's not trying to accumulate to take coy private (coz he think e current price is too cheap) or he's trying to boost the price for whatever reasons; I am not sure what else his continuous substantial purchases could mean.
In any cases, a rising price makes shareholders happy anyway.

Caveat: I am vested

[EAPINVESTMENTS2013]

Bro, Chairman owns a big proportion of shares. In real situation, there is very little trade by retail investors.

If you need to sell in huge quantities, he will buy BUT ONLY AT HIS PRICE. So do beware...

SGX Announcement 20 May 13:
GP Hotel Chairman Koh Wee Meng bought yet another 1,000 lots via open market at $0.27, spent another $270,000+ on the purchase.
The day's entire transacted 1000 lots @ $0.27 were purchased only by him, at 4.56pm, pushing the closing price to $0.27.

His direct stake increase from 4.37% to 4.47%, with deemed stake at 52.28%.
NAV: 38.46cent (based on 13Q1 report)
EPS FY12: 2.07cent (based on AR12)
PE Ratio: 12.8

Clearly he's either too eager to buy back his stakes in the company (not sure if he's planning to take the company private), or he's trying to "influence" the price chart. The coy's closing at $0.27, led its price to close above all its Moving Averages, some short-term MAs like 5D, 7D MAs cross above longer term MAs like 100D MA. This on a chartist point of view, create a bullish picture & signal potential entry.

That is, if the market responds & follow the Chairman's lead to push up the share price further. $0.275 is its resistance point, if break above, the price may retest its IPO's initial trading prices of $0.29-0.295.

So far, his purchase covers close to 30-40% of the entire trading volume of the day, but with his substantial stakes, any offloading by him will be "visible" & cause the price into freefall. Clearly if he's not trying to accumulate to take coy private (coz he think e current price is too cheap) or he's trying to boost the price for whatever reasons; I am not sure what else his continuous substantial purchases could mean.
In any cases, a rising price makes shareholders happy anyway.

Caveat: I am vested

sounds very interesting la..

[safetyfirst]

Seems like it is a proven tested formula.

Until proven otherwise... my question is how are they ever to realise value in companies they substantially owned... seriously defeating the purpose of a listing

During the dot com period, many people who bought shares in technology companies will make big money. They will then conflude that they have found a proven tested formula... but we all know who were right after the dot com crash

[Vseeker]

wow! some of you here make it sound like he regretted taking the company public !!!

reminded me of another company long time ago...
there were times, when all you see in the PRESS was about how confident a certain Mr Lim was about his Company,
that despite controlling well over 80% stake, he continue to buy, buy, buy non-stop.

and then around 1999, the reports change to sellings non-stop...
eg here a quote "FREIGHT Links Express Holdings chairman xxxxxxx continues to pare his stake in the company,
with his latest sale of 12.5 million shares on Monday at 32 cents apiece. He now holds 28.88 per cent in Freight Links, down from 31.42 per cent. "

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