Pollux Properties

[Volmax]

Hi Volmax,
I m new to investing. Reading your posting is very informative.
But all huge/grand projects u posted eg "The Pinnacle", "Warhol Residence", "Marquis De Lafayette" and "Chadstone Cikarang" are developed by the indonesia entity and nothing to do with the Sg listed entity.
Can I say that all these projects are irrelevant if I am investing in the sg listed entity. Pl advise.

Hi Goldmine7777, there is immense amount of information, clues and hints in my post. You might like to vet through this thread from the beginning if you are keen in this counter.

Large amount of research work, efforts and time had been spent in garner materials and info and I had decided to share it over a period of time so that the market will have adequate time to absorb it.

Bro Kelvesy is also an avid investor in Pollux Properties and had condensed the main points in PDF files. You may like to visit our discussion here http://sgtalk.org/mybb/Thread-Pollux-Pro...#pid682643


PS: I may have possessed sensitive information from the private conversation with the Management and can only share when the time is ripe, else it will constitute an offence.

[Volmax]

Bro Goldmine7777, I'm re-posting the below in case you miss it.

Some points highlighted at the AGM!

* Thin profit margin for current quarter.
Reply: Promotion and marketing cost were booked-in right upfront for All current projects. BULK of the revenue to start coming in 2015/16 based on percentage of completion. (PoC)

* Dividend Policy
Reply: No plan at the moment, future dividend policy to be discussed after FY 2014.

* Future Outlook
Reply: Evaluating Commercial Sector in Singapore. Looking out for opportunistic buy in Investment Properties and possible Overseas Expansion in South East Asia, such as Indonesia.

* Stock Liquidity
Reply: Management is looking at possible corporate actions to improve liquidity.

* Integration of Pollux Indonesia & Pollux Singapore
Reply: Management is evaluating possible integration between Pollux Indonesia and Pollux Singapore, but nothing concrete at the moment.

[Goldmine7777]

Thanks Volmax & Kelvesy - for the very useful tips.

I grab from seller 100 lots @7.8c few mins ago.

I am attracted by its small market cap of just $48.5m yet it is holding a list of impressive development & investment properties.
Metro Loft - 100% sold/construction stage 34%
Pavillion SQ (residence) - 97% sold left 1 unit/construct 12&
Pavillion Sq (commercial) - 100%/construct 12%
Garden Pk Residences - 88% sold left 4 units/construct 20%
Mayfair Residences - 65% sold left 7 units/construct 0%
Berkeley Residence - 100% sold/construct 15%

The bulk of its development profits should flow in Year 2015/16 based on completion stage at June 2014 (per AR2014).

Investment property Louis Havelock (96-unit service apt) should have generated rental income from 2H2014.

[kelvesy]

https://drive.google.com/file/d/0Bw3cJZh...sp=sharing

For benefit of goldmine. Hopefully you found a goldmine.

I view Pollux as dismal actually, the fundamentals are bad. Debt still high, low net profit margin. I recognize that this is a good gamble on Nico's strategy to turn around Pollux and integrate (possibly).

Louis Serviced Residences - Havelock (address: 554 Havelock Road, Singapore 169639)

Apartment Type Size (sqm) Daily (SGD)
1-Bedroom 38 198
2-Bedroom 57 278

The above rates are subject to prevailing 7% goods and services tax and are valid till 31 December 2014. I safety can assume 70% occupancy * the rates * days * months to derive FULL year profit.

[Goldmine7777]

Very thinly traded. Not for contra players.
Public float 24%
Nico holds 59.95%

Hope to see more profits when projects are completed next year.

I google the location of the 2 shops they own @ 432 Balestier Road. Value stated in books = total of $3.8m seems undervalued.

This is Public Mansion (Freehold tenor). A very old building, fronting Balestier Rd are few shops (one of them is a Coffee Shop). On the side of Jln Rama Rama are industrial units and from 2nd floor up are residential units.

This building is zoned for Commercial-cum-residential use with plot ratio of 3. Opportunity for enbloc redevelopment. One owner of Public Mansion, Hexacon Construction Pte Ltd owns 6 of the residential units and operating it as office now.

[kelvesy]

I calculated real public float 10-14%.

The rest are holding it tightly.

Their units which were rented out... 2 shop units, no. 432 balestier road (freehold - buildersmart)

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[Goldmine7777]

Shares in circulation is probably only 8.25% (summation of 1st 3 groups).
Those in last big group are either insiders or very long-term investors holding tight.

analYSIS OF SHAREHOLDINGS
Range of Shareholdings No. of Shareholders % No. of Shares %
1 - 999 7 0.51 2,133 0.00
1,000 - 10,000 868 63.31 3,154,843 0.51
10,001 - 1,000,000 455 33.19 48,224,140 7.74
1,000,001 and above 41 2.99 571,234,268 91.75
1,371 100.00 622,615,384 100.00

[Volmax]

Chadstone Cikarang Superblock ~ Commercial, Retail, Residential & Hospitality!

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http://translate.google.com.sg/translate...6bih%3D551

Experience the diversity of a great civic space right outside your doorstep, where fantastic eateries, cafes and food streets bring you the best savory delights from Indonesia and the World. Live at a multifaceted integrated center with supermarkets and retail outlets marquee fulfill your everyday shopping needs. Chadstone promises the perfect balance of privacy, bustling excitement and convenience at your new home.

The Chadstone's Superblock concept presents the perfect city landmarks into Cikarang's development roadmap, blending the very best of retail, living, hospitality and business into the first-of-its-kind single superblock in serving the expat and local community of Cikarang city.


Geographically located at the center of Cikarang City between North and South Cikarang, Chadstone is envisioned to be a catalyst lifestyle at the heart of the largest states of Indonesian manufacturing zone along the Bekasi-Cikampek corridor. With the surrounding major industrial estates that include MM2100 West Cikarang, Jababeka City, Bekasi International Industrial Estate (BIIE), East Jakarta Industrial Park (EJIP) and Delta Silicon Industrial Park, Chadstone provides a unique first mover advantage to home owners and investors in this fast-emerging 'supercity'.

The Jakarta Cikampek highway and railway system links brings easy connectivity to other major cities in Indonesia, with Jakarta at just 30 Km away from Cikarang City. Speedy connections to surrounding areas are-provided with a well-planned road network that gives you perfect accessibility, while key amenities are always close by when you need them.


Complex Integrated Facilities
Shopping Mall
Branded Supermarket
Fine Dining Restaurant
Food & Beverage Entertainment

Outdoor Facilities
Thematic Pool & Kids Pool
Playground for children
Sun Terrace and Gardens
Outdoor Reading Lounge
Outdoor Fitness & Sport
Reflexology Path & BBQ Area
Jogging Track & Water Park

[kelvesy]

Louis Residences Brochure provided by Director of Sales, Louis Residences (Havelock)

Download and zoom for better viewing.

https://drive.google.com/file/d/0Bw3cJZh...sp=sharing

[Volmax]

Louis Serviced Residences

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Louis Serviced Residences - Havelock
554 Havelock Road, Singapore 169639

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Services inclusive are:
*Fully furnished apartment suites
*Daily housekeeping (except Sundays and Public Holidays)
*Basic cable television
*Wi-Fi internet access
*Continental breakfast at the breakfast lounge (level 11)
*One-way transfer (for monthly stays only)
*Full utilities (water and electrical supply)
*Use of recreational facilities


Recreational Facilities:
*Roof-top swimming pool and Jacuzzi
*Barbeque area
*Breakfast lounge/ Residents' lounge
*Meeting rooms (2)
*Business centre facilities