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Ya, that's the thing I don't like about heeton. there is no unlocking of value. everything just hold hold hold. maybe one day taken private cheaply, but still I think any privatisation need to be at least 80ct-$1 to be successful.
substantial shareholder not as likable as say, chip eng seng and roxy's, (and maybe lkh too) who are more small shareholder friendly. chip eng seng my fave stock. not heeton. but I own it still cos of its high rnav and steady profits coming next few years.
rnav calculations always involve estimates and assumptions, so feel free to take out any assumptions n put in new ones. then just adjust your figure accordingly. good to input in your own opinion in the equation.
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Newest will be launched this weekend. KSH maybe breaking out into new high becos of that.
Hope Heeton follow, since it will make perhaps double of what KSH will make, in terms of per share basis.
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Heeton Bonus issue akan datang!
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(05-06-2013, 10:29 AM)propertyinvestor Wrote: Heeton Bonus issue akan datang!
U were at the AGM too? Ya, heard that mgt seem to indicate maybe got bonus this year.. will have to wait to see if its true. but next few years will be great years for the company, with EPS surging and visibility quite clear.
if seletar gdn brings good sales even better.
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Following the announcement on 26 June (after SGX closing hours) of a 1 Bonus Share and 1 Bonus Warrant (exercisable at $0.70) for every 5 existing shares, Heeton surged 13% from $0.67 to close today at $0.76.
Hopefully with the increased liquidity, the share price of Heeton will trend higher towards its RNAV.
May long suffering Heeton shareholders see the light soon!
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I am very curious why bonus issues have such a impact on share price? Is the same for hong fok when it issued bonus shares. Price shoot up.
What financial engineering benefits does issue of bonus do?? Theoritically, it improve liquidity, but heeton is not a high priced blue chip, how much barrier for liquidity in the first place?
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(28-06-2013, 08:47 AM)Greenrookie Wrote: I am very curious why bonus issues have such a impact on share price? Is the same for hong fok when it issued bonus shares. Price shoot up.
What financial engineering benefits does issue of bonus do?? Theoritically, it improve liquidity, but heeton is not a high priced blue chip, how much barrier for liquidity in the first place?
Look at the price for Roxy Pacific, Aspial, Maxi-Cash and Fragrance Group post issue.
Bonus issue helps to reduce the discount between the book value of the company and increase liquidity on the market due to more scrips being made available for trading.
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http://info.sgx.com/webcoranncatth.nsf/V...C004E4922/$file/HeetonMTNJuly2013.pdf?openelement
Issuance of up to $300million in debt. Together with the recent proposal of warrants, that's the most heavy fund-raising Heeton has done to date. It will be important to see which sites (local, overseas and where) that Heeton is acquiring, will bring insights on whether the management is using the money wisely.
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(26-04-2013, 05:54 PM)Vseeker Wrote: R-o-P is correct... it's not one-third coz the vehicle used is not Unique Development but..
Unique Consortium: Heeton=35%, KSH=35%, TEE=20%, Zap=10%
Unique Rezi: Heeton=42%, KSH=42%, TEE=0%, Zap=16%
Unique Consortium had a 35% stake in NeWest and Seletar Gardens, Unique Rezi stake in KAP is 30%
thus Heeton and KSH each, have the same effective interests of 12.25% in NeWest(HongLeongGarden), 12.25% in Seletar Gardens, and 12.6% for KAP.
Thus the "per share" earnings sensitivity of the JV Partners to below projects are as follows: (based on their Issued Shrs as at Dec2012)
HongLeong Garden: Oxley=1.0, Ksh=1.7, Hee=2.9, Tee=0.8
Seletar Garden : Oxley=1.0, Ksh=1.7, Hee=2.9, Tee=0.8
King Albert Park: Oxley=1.0, Ksh=1.8, Hee=3.0, Tee=0.0
With the bonus issue Heeton per share sensitivity is updated as
HongLeong Garden: Oxley=1.0, Ksh=1.7, Hee=2.4, Tee=0.8
Seletar Garden : Oxley=1.0, Ksh=1.7, Hee=2.4, Tee=0.8
King Albert Park: Oxley=1.0, Ksh=1.8, Hee=2.5, Tee=0.0
If all warrants are exercised the per share sensitivity would be
HongLeong Garden: Oxley=1.0, Ksh=1.7, Hee=2.05, Tee=0.8
Seletar Garden : Oxley=1.0, Ksh=1.7, Hee=2.05, Tee=0.8
King Albert Park: Oxley=1.0, Ksh=1.8, Hee=2.11, Tee=0.0
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(29-04-2013, 09:37 AM)propertyinvestor Wrote: Management Indicated about hidden value in Sun Plaza and Elcentro. Elcentro may be redeveloped or revamped according to market sentiment...and of course subject to changes in the master plan.
Existing lease will terminated and tenants clear out by end Mar2013... for redevelopment
13-storey Elcentro with 40 resi units will be redevt into 19-storey Onze @ Tanjong Pagar with 50 resi units and 13 shops/restaurants.
The new showflat (located at 1st level of existing Elcentro) is now open... and "seeking indication of interest"
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