Sing Holdings

[Behappyalways]

The question is not whether they can afford to acquire land while giving a big payout.......Looking at their cashflow, they can comfortably do it....

the question is whether lee wants to do it.....

and to do a big acquisition at this point of time.....it is really backside itchy......so I believe they would be very careful esp with EC now since they were quite interested in that segment a year ago(esp so after Waterwoods)

just to add......

Been two months.....


Update: The Skywoods November 2013
Cumulative Units Sold to-date: 56
Median Price ($psf) in the Month: 1253
Units sold in the month: 10
Cumulative Units Launched but Unsold: 364
Total Number of Units: 420


Update: Sky Habitat November 2013
Cumulative Units Sold to-date: 179
Median Price ($psf) in the Month: 1538
Units sold in the month: 3
Cumulative Units Launched but Unsold: 71
Total Number of Units: 509


Update: Sky Vue November 2013
Cumulative Units Sold to-date: 477
Median Price ($psf) in the Month: 1533
Units sold in the month: 31
Cumulative Units Launched but Unsold: 28
Total Number of Units: 694

behappyalways wrote:
Update: The Skywoods September 2013
Cumulative Units Sold to-date: 37
Median Price ($psf) in the Month: 1290
Units sold in the month: 37
Cumulative Units Launched but Unsold: 383
Total Number of Units: 420


Update: Sky Habitat September 2013
Cumulative Units Sold to-date: 175
Median Price ($psf) in the Month: 1429
Units sold in the month: 3
Cumulative Units Launched but Unsold: 75
Total Number of Units: 509


Update: Sky Vue September 2013
Cumulative Units Sold to-date: 433
Median Price ($psf) in the Month: 1401
Units sold in the month: 433
Cumulative Units Launched but Unsold: 72
Total Number of Units: 694

not vested

(Sky Habitat and The Skywoods looking bad)

http://investideas.net/forum/ucp.php?mod...998dff79d5

Their present net debt to equity is 0.9(3Q2013) and in 4Q2013 they should collect another $90m( $30m from Waterwoods and $60m from the trade receivables(The Laurels). More if more units of Waterwoods are sold). This will bring down net debt to equity to 0.6. They have another $100m trade receivables from The Laurels to be collected within a year.....This will bring cash to around $290m with short term debt of $120m. Long term debt is link to TOP of their Robin and Waterwoods so I doubt they will try to pare it down. As more units of Waterwoods are sold and construction progress and with coming launch of Robin, there should be more cash inflow......

If management tries to maintain a net debt to equity of 1.1 then right now they simply have too much cash than they need.....

[kbl]

Good morning every1.

144 units Waterwoods sold. Left 229 units.

[CY09]

KBL just curious where do you get the info for the up to date sale of Waterwoods?

[kbl]

Good Sat Morning CY09 san.

I got the (up to date developer's sale team)link from Behappyalways san. Many thks to him!

[CY09]

Good Sat Morning CY09 san.

I got the (up to date developer's sale team)link from Behappyalways san. Many thks to him!

Ok I see. Is it ok to pass me the link?

If yes and is uncomfortable with posting it on the thread, feel free to send it to me via private message Thanks in advance.

[cyclone]

As at 31 December 2009 :
Total equity : 146.465 Million SGD.
Number of shares : 400.995 Million.

As at 30 September 2013 :
Total equity : 267.498 Million SGD.
Number of shares : 400.995 Million.

A commendable result.

Borrowed a term from greengiraffee : a wrong term investor.
Btw, I do not see gg in the forum for quite a long time.

[opmi]

As part of its business review, our Board of Directors constantly deliberates over the Company’s business plans and the allocation of its financial resources between, inter alia, operational requirements, business expansion and distribution to shareholders. The various forms of distribution to shareholders are also studied and discussed. Due consideration is made to ensure business sustainability, growth and return to shareholders.

Hi kbl, many thanks for sharing with us the reply from Sing Holdings. Based on her reply, return to shareholders is the least priority after business sustainability and growth. Hence, I interpret that she said don't expect big dividend in the coming financial year

small-mid cap property developers need to keep capital to play in the next market cycle. pay out generous dividends then where to find capital to land bank. unless got windfall profits like Ho Bee....

[kbl]

Net profit for 3Q 2011 is $14,177k Full Year 2010 Net profit $9,837k
EPS at 3Q is $0.0354 versus Full year (2010) $0.0245

What will be the dividend for FY2011 versus 0.75 cents for FY2010?

Orchard Parade Holding(OPH) and hiap Hoe were highlighted as 2 of the stocks likely to have better earning compared to
last year. Somehow Sing Holding is neglected!!

http://www.remisiers.org/cms_images/rese...atters.pdf

vested.

dividend probably won't be much. most cash still locked in project account, which can't be used to pay dividend if I am not wrong.

pay attention to its "dividend paid to non-controlling interest" in cash flow statement, if that shoots up, means money out of project account can be used for dividend.

Good afternoon every1.

The Laurels obtained TOP in Sep'13 meaning cash are free to use from the *locked in project account*. As mentioned by CY09 san, a 10cts special dividend is only 40m of cash.

<vested>

[Behappyalways]

Cost of Robin Plot bought 2 years ago - $176m or 44 cents per share.
Market Cap of Sing Holdings - $160m or 40 cents per share.

Well done "management".......

As at 31 December 2009 :
Total equity : 146.465 Million SGD.
Number of shares : 400.995 Million.

As at 30 September 2013 :
Total equity : 267.498 Million SGD.
Number of shares : 400.995 Million.

A commendable result.

Borrowed a term from greengiraffee : a wrong term investor.
Btw, I do not see gg in the forum for quite a long time.

[cyclone]

Good Sat Morning CY09 san.

I got the (up to date developer's sale team)link from Behappyalways san. Many thks to him!

Ok I see. Is it ok to pass me the link?

If yes and is uncomfortable with posting it on the thread, feel free to send it to me via private message Thanks in advance.

Google is incredible. No wonder No. 1.
Search with keywords "waterwoods ec 144 sold", you'll get the link.
On the fifth listing :
WaterWoods EC ... $1.2xm. D3 (5). 158. 1701. 16. Fully Sold. C1PH (4). 160. 1722. 7. $1.3xm. C2PH (4). 160. 1722. 3. Fully Sold ... 144 units sold left 229 units ...
http://www.executivecondominium.sg/WaterWoods.html