Hotel Properties

[investor2014]

today again managed to close above offer price.

one more day closing above offer price

[Louhan]

Will OBS increase offer price again?

[greengiraffe]

68 Hldgs getting stocks from punters that were betting further upside that is not coming through after a revision of initial offer.

Can't beat OBS unless you have stamina for the long hual...

[investor2014]

68 Hldgs getting stocks from punters that were betting further upside that is not coming through after a revision of initial offer.

Can't beat OBS unless you have stamina for the long hual...

yes. like u said last week....gotta have the patience to realise the full potential.

[investor2014]

last min surge in buying to close 4.05!

[smallcaps]

REVISION OF OFFER PRICE TO 4.05

REVISION OF OFFER PRICE
SCB wishes to announce, for and on behalf of the Offeror, that the Offeror has today agreed
to acquire1
6,696,600 HPL Shares, representing approximately 1.29 per cent. of the HPL
Shares2
, at the price of S$4.05 for each HPL Share.
In accordance with Rule 14.3 of the Code, the Offer Price will be revised to S$4.05 in cash
(the “Revised Offer Price”) for each Offer Share. In addition, the Offeror will NOT be
1
In accordance with Note 5 to Rule 28.1 of the Code, the HPL Shares so acquired will count towards the
Acceptance Condition only when such acquisitions are fully completed and settled.
2
In this Announcement, the total number of issued HPL Shares in the capital of HPL is 519,048,851 HPL Shares
as at 26 May 2014.educting the FY2013 Dividends from the Revised Offer Price and Shareholders will retain
the benefit of the FY2013 Dividends to be paid by HPL to entitled Shareholders.
If any Distribution (other than the FY2013 Dividends) is declared, paid or made by HPL on or
after the date of the First Revision Announcement and the Offeror is not entitled to receive
and retain such Distribution in full in respect of any Offer Share tendered in acceptance of the
Offer, the Offeror reserves the right to reduce the Revised Offer Price payable in respect of
such Offer Share by the amount of such Distribution.
THE OFFEROR DOES NOT INTEND TO FURTHER REVISE THE REVISED OFFER PRICE
OF S$4.05 FOR EACH OFFER SHARE. Therefore, in accordance with Rule 20.2 of the Code,
the Offeror will not be allowed to subsequently increase the Revised Offer Price in any way.
However, the Offeror reserves the right to set aside the foregoing no price increase
statement and revise the terms of the Offer if a competing offer for HPL is announced
or if any other competitive situation in relation to HPL arises, after the date of this
Announcement, in which case the Offeror shall comply with the provisions of Note 2 to
Rule 20.2 of the Code.
A written notification will be posted to all Shareholders in respect of this revision of the Offer
Price and the Offer will remain open for acceptance for not less than 14 days from the date of
posting of such written notification.

[specuvestor]

last min surge in buying to close 4.05!

Wonder if SGX would investigate the 1.5m traded at auction to see if we have prophetic investors in HPL

[investor2014]

PUBLISHED MAY 27, 2014
S'pore faces imminent hotel room shortage
Visitor arrivals seen rising with new attractions, big events coming up
BYLEE MEIXIAN
leemx@sph.com.sg @LeeMeixianBT
PRINT |EMAIL THIS ARTICLE
VISITOR arrivals in Singapore are expected to increase this year through 2018, underpinned by new attractions and major events the country is hosting, but the hotel room supply here is not rising quickly enough.
"Our projections revealed that hotel occupancies will remain extremely tight, rising from 80 per cent to 91 per cent from 2014 to 2018 respectively. We will expect hoteliers to raise room rates given the severity of the hotel room crunch situation developing here," Chesterton Singapore said in a report released yesterday.
"As such, we strongly suggest that the government review its policy and release more hotel sites for sale under the government land sales programme (GLS) sooner rather than later."
The hotel pipeline from 2014-2018 is expected to be just 11,147 rooms - about 20 per cent of the existing stock of 54,962 licensed hotel rooms in 2013. Most of the new hotel supply is expected to come onstream in 2014 and 2015.

[investor2014]

PUBLISHED MAY 27, 2014
S'pore faces imminent hotel room shortage
Visitor arrivals seen rising with new attractions, big events coming up
BYLEE MEIXIAN
leemx@sph.com.sg @LeeMeixianBT
PRINT |EMAIL THIS ARTICLE
VISITOR arrivals in Singapore are expected to increase this year through 2018, underpinned by new attractions and major events the country is hosting, but the hotel room supply here is not rising quickly enough.
"Our projections revealed that hotel occupancies will remain extremely tight, rising from 80 per cent to 91 per cent from 2014 to 2018 respectively. We will expect hoteliers to raise room rates given the severity of the hotel room crunch situation developing here," Chesterton Singapore said in a report released yesterday.
"As such, we strongly suggest that the government review its policy and release more hotel sites for sale under the government land sales programme (GLS) sooner rather than later."
The hotel pipeline from 2014-2018 is expected to be just 11,147 rooms - about 20 per cent of the existing stock of 54,962 licensed hotel rooms in 2013. Most of the new hotel supply is expected to come onstream in 2014 and 2015.

looks like positive news for hotels and hotel related companies

[investor2014]

so far looks like price is holding above revised offer of 4.05.