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Sing Holdings
12-03-2017, 11:16 PM,
Post: #1491
RE: Sing Holdings
(12-03-2017, 11:10 PM)bargainhunter Wrote:
(12-03-2017, 11:06 PM)luckystar Wrote: It is complicated to do property development in Singapore. No wonder so many of them are venturing overseas.

Furthermore, the laws can be changed at the flip of a switch, like tabling in parliament and having the bill passed on the same day.

So not only business risk, developers have to face MND risk. Too challenging.

Somehow Sing Holdings has been unlucky:

while discussing purchase of 2nd plot of robin, kenna ABSD for developers announcement.
while discussing bulk sale of remaining units of robin, kenna this ACD announcement.

but somehow they also manage to get away with it.

I find that Sing Holdings management is rather sincere, honest, and down to earth people. They dont do anything fancy or extraordinary. I have spoken to them a few times at AGM. I have very favorable impression of the CEO and the rest of the team. 

Whichever way it turns out with MND approval, I think it is fine. Worse come to worse, hold back the 29 units and I am sure with improved sentiments towards the property market, it will have little difficulty clearing those units. It is not like a MUST DO deal.

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13-03-2017, 02:05 AM,
Post: #1492
RE: Sing Holdings
The sale is a positive announcement for it removes uncertainty regarding the remaining units of Robin Residences. As for the less than $500kk loss from the sale, the $70m ++ from the sale could be used to reduce debts(more than offset the loss), earn bank interest and maybe allows the management flexibility to look for potential opportunities.
You can find more of my postings in http://investideas.net/forum/

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31-03-2017, 03:03 PM,
Post: #1493
RE: Sing Holdings
ROBIN RESIDENCES ROBIN DRIVE Condominium 10 CCR Freehold Resale 1 $2,700,000 - 1,152sq ft Strata 01 to 05 2,344psf Mar-17

A caveat has been lodged for 1 of the 3 units just sold BEFORE the 29 unit block sale.

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09-04-2017, 08:54 AM,
Post: #1494
RE: Sing Holdings
https://www.facebook.com/photo.php?fbid=...=3&theater

http://www.businesstimes.com.sg/companie...eption-ceo

Azure Capital's CEO mentioned that he is backed by Oxley's major shareholders and vested in Sing Holdings in the business times article dated yesterday.

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10-04-2017, 11:24 AM,
Post: #1495
RE: Sing Holdings
Did Terence Wong buy Oxley shares also? Would be very interesting to hear Terence's view on Oxley .

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10-04-2017, 02:12 PM,
Post: #1496
RE: Sing Holdings
(10-04-2017, 11:24 AM)luckystar Wrote: Did Terence Wong buy Oxley shares also? Would be very interesting to hear Terence's view on Oxley .

He can't because the major shareholders are his backers who contributed a lot of money to his now $100m fund.  conflict of interest.  besides, the purpose of oxley shareholders putting money with him should be for him to help them invest in money outside of oxley.   Tongue

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06-05-2017, 04:24 PM,
Post: #1497
RE: Sing Holdings
Travelodge Docklands - 6.12% (based on FY2016 EBITDA)
http://infopub.sgx.com/FileOpen/AGM%2020...eID=450155
You can find more of my postings in http://investideas.net/forum/

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10-08-2017, 07:43 PM,
Post: #1498
RE: Sing Holdings
http://infopub.sgx.com/FileOpen/SHL_2Q20...eID=466418

Earnings from Travelodge is indeed strong.

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