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Chuan Hup Holdings
03-08-2017, 02:08 PM.
Post: #91
RE: Chuan Hup Holdings
(03-08-2017, 01:33 PM)TUBInvesting Wrote:
(03-08-2017, 11:54 AM)Scg8866t Wrote:
(03-08-2017, 11:36 AM)TUBInvesting Wrote:
(03-08-2017, 10:59 AM)Scg8866t Wrote: Did CH made a grave mistake by investing in LHGroup/Pacific star and Finbar?

Sorry,but what makes you say that?

Just a hindsight observation since both are languishing way below CH's avg purchase price if i am not wrong.

Just my 2 cents comments.

For Pacific Star Dev, they are still in the money from my previous calculation. 

But for Finbar, it is definitely below CH avg purchase price. However, if you read into Finbar annual report or look at their share buy back, they are will turnaround soon.

Can break down your calculation for Pacific Star Dev for us?

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03-08-2017, 05:56 PM.
Post: #92
RE: Chuan Hup Holdings
(03-08-2017, 02:08 PM)Scg8866t Wrote:
(03-08-2017, 01:33 PM)TUBInvesting Wrote:
(03-08-2017, 11:54 AM)Scg8866t Wrote:
(03-08-2017, 11:36 AM)TUBInvesting Wrote:
(03-08-2017, 10:59 AM)Scg8866t Wrote: Did CH made a grave mistake by investing in LHGroup/Pacific star and Finbar?

Sorry,but what makes you say that?

Just a hindsight observation since both are languishing way below CH's avg purchase price if i am not wrong.

Just my 2 cents comments.

For Pacific Star Dev, they are still in the money from my previous calculation. 

But for Finbar, it is definitely below CH avg purchase price. However, if you read into Finbar annual report or look at their share buy back, they are will turnaround soon.

Can break down your calculation for Pacific Star Dev for us?

based on my previous post (http://tubinvesting.blogspot.sg/2016/12/...mpany.html) and this link (http://infopub.sgx.com/FileOpen/ChginSha...eID=452329), they converted a loan of $35M into 177,454,800 shares.

Assuming Pacific Star Dev is drops to 0.2 per share, $35.49 Million. Not huge gain. but still in the money. 

Nevertheless, their balance sheet is based on cost plus future share of net profit from pacific star development.

If Pacific Star Dev continues to make money, CH balance sheet will be boosted!

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03-08-2017, 07:42 PM.
Post: #93
RE: Chuan Hup Holdings
Do take note that before the loan had been converted to Pacific Star Dev shares, Chuan Hup had been getting 8%pa interest on those loans. Therefore, I do think that Chuan Hup should be in the money with regard to their investment in Pacific Star Dev.

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03-09-2017, 06:21 AM.
Post: #94
RE: Chuan Hup Holdings
Decent 2017 results:

http://infopub.sgx.com/FileOpen/CHHFY201...eID=468733

1c Final dividend + 2c special dividend much appreciated.

Trade and other payables has doubled to about US$115m. Increase in liabilities stated to be due to completion of Concerto project, and almost (but not quite) offset by increase in value of development properties (due to same project).

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04-01-2019, 10:37 AM.
Post: #95
RE: Chuan Hup Holdings
Chuan Hup trading halt, together with PCI

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07-01-2019, 05:32 PM. (This post was last modified: 07-01-2019, 05:44 PM by Scg8866t.)
Post: #96
RE: Chuan Hup Holdings
(04-01-2019, 10:37 AM)Scg8866t Wrote: Chuan Hup trading halt, together with PCI

Interesting outcome. Sale of PCI at 1.33 will give CH a 69mil USD in realised gain which works out to be 10cts per share, but share price today only increased by 2.5cts(market factoring in dead money). If the scheme is successful, knowing CH and Mr peh who are fair to OPMIs, they would likely share some of the gains with us via special div in 2019. My guess is maybe a repeat of 3cts per share of div(include special) which means 140mil of proceeds from PCI to fund new business, own view.

New NTA post PCI sale will be 52.4cts(25% increase). Almost 30cts of net cash per share. Time to wait and see whats the next step for Chuan Hup. Mr Peh is a shrewd investor, always selling at the peak. CH Offshore and now PCI. See how it goes.

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