San Teh

[dydx]

Took a browse of the latest FY12 (ended 31Dec12) AR.....
http://info.sgx.com/listprosp.nsf/07aed3...0000c5a2b/$FILE/SanTeh%20AR2012%20for%20SGX.pdf

Noted San Teh's last done share price at $0.33 is substantially below its 31Dec12 NAV/share at $0.6242 and also the net cash (incl. investment securities)/share at $0.35. Also noted the declared $0.01/share Final dividend will be paid on 23May13.

[Behappyalways]

a relative passed me the annual report and I like what I see........

the company not gonna do well this year but it is possible that Mr Kao would take opportunity to privatise the company since he collected the 30 cents dividend and free float of only 30%

Company is going to focus on property and I think with Mr Kao on the ground in China, he definitely knows the market demand better the most of us.....if I want to bet on property play in china, I think I would bet on San Teh. (surprisingly they still cannot turnaround the pvc and hotel biz....)

for those who have ENDURANCE and DEEP POCKETS, might be worth a look.....

no vested interest.....I have SUPER ENDURANCE but empty pockets ^^

[lanoitar]

it is possible that Mr Kao would take opportunity to privatise the company since he collected the 30 cents dividend and free float of only 30%

Wouldn't it be smarter for Mr Kao to privatize *before* he paid out that special dividend? San Teh was trading at depressed valuation (< spec div) for a long time before that catalyst.

And if he didn't do it then when it's cheaper, why would he do it now?

Sorry, this is not meant as an attack. I'm just trying to understand your hypothesis better. Thx.

[Behappyalways]

Yes he should have done it.

Mr Kao did not privatise when it is dirt cheap....why did he not do it? maybe the property story was not developing then and the company has a so-so hotel biz and pvc biz , maybe he does not have the cash, maybe for other rational or irrational reasons......

Now let's say there is something that is worth $1 and the value is growing.....you could have bought it when it is 10 cents but for some reasons or so you did not.....now it is 50 cents....would you buy it? or would you give it a pass since you did not buy it at 10 cents when it is dirt cheap?

Would Mr Kao give it a pass?

I am not implying that he would make an offer....I think he should if he is bullish on its property biz in China but personally I hope he don't and that the share price continues to languish with the hotel and pvc biz doing so-so in 2013........so that....^^

no vested interest

it is possible that Mr Kao would take opportunity to privatise the company since he collected the 30 cents dividend and free float of only 30%

Wouldn't it be smarter for Mr Kao to privatize *before* he paid out that special dividend? San Teh was trading at depressed valuation (< spec div) for a long time before that catalyst.

And if he didn't do it then when it's cheaper, why would he do it now?

Sorry, this is not meant as an attack. I'm just trying to understand your hypothesis better. Thx.

[cyclone]

An unique way of marketing, but wonder if it will have any effect. Too bad the hotels are in Nantong and Suzhou. It will be useful for me if they are in Guangzhou.

As a token of appreciation for the continued support of our valued shareholders, the Board of Directors of the Company is pleased to announce that the Company will be giving a Privilege Card (the “ST Card”) to its shareholders.
The ST Card shall entitle the shareholders, their family members and friends to a special room rate and 10% discount on food and beverage at our Nantong and Suzhou hotels.

Ex-date : 1-Aug-2013

<Vested>

[pianist]

is this card forever for as long as we remain the shareholders?
how many stars are its suzhou's hotel?

[cyclone]

For details of the card, call 6749 6386.

Nantong San Teh hotel -> 4 stars. Very Good rating at tripadvisor.com : http://www.tripadvisor.com/Hotel_Review-...angsu.html
Suzhou San Teh hotel -> 5 stars. Excellent rating at tripadvisor.com : http://www.tripadvisor.com/Hotel_Review-...angsu.html

[pianist]

why Guangzhou is better for u...
can't wait to receive the card

[cyclone]

Profit guidance.
The Group expects to report a loss for 3Q2013 due to:
(1) Operating loss reported by the hotel operation; and
(2) Exchange loss arising from the US dollar denominated cash and cash equivalents as well as other receivables held by the Company.
Date of announcement of 3Q2013 financial results : 14 November 2013.

<vested>

---

Hi pianist,

Btw, have you received the card ? I have not received mine yet.

[orangetea]

Finally some activity on share buy back on 7 Mar 2014

Special dividend was dated 29/12/2011
========================
120,000 @ 29.9c on 02/05/2012
198,000 @ 30.5c on 03/05/2012
78,000 @ 30.5c on 04/05/2012
66,000 @ 29c on 25/05/2012
1,000 @ 29c on 29/05/2012
26,000 @ 29c on 30/05/2012
5,000 @ 29c on 31/05/2012
150,000 @ 29c on 13/06/2012
484,000 @ 29c on 23/08/2012
309,000 @ 29c on 05/09/2012
103,000 @ 29c on 21/09/2012
========================
After a dry spell of no share buyback
========================
98,000 @ 30c on 07/03/2014