Wee Hur Holdings

[tonyking]

Counter has pulled back alot, to $0.325 where the price previously run up, next support is $0.315.

Australian reported this
http://m.theaustralian.com.au/business/p...7353947211
"Wee Hur bought the site from the Anthony John Group last year. It had existing approval to build eight towers across the 4000sq m site currently occupied by eight pre-war homes, creating a transit-orientated development of shops, offices, apartments and a care facility in Brisbane’s biggest mixed-use scheme.

Planning documents show the company requesting an increase in its maximum residential use of the site from 60 per cent to 70 per cent."

-vested

[BlueKelah]

Counter has pulled back alot, to $0.325 where the price previously run up, next support is $0.315.

Div yield is good at current price but net cash levels have had a big drop to ~20% of Mcap due to payment for upcoming projects. So not that much of a buffer left to protect on the downside.

-nv-

[tonyking]

Saw another article, this time Brisbane Times http://www.brisbanetimes.com.au/queensla...gz5c6.html

What's interesting are the comments by the residents there:
Given the location of this development adjacent to public transport connection to all three major universities, this is a great idea. I hope the MINBYs don't get in the way of it.
CommenterJim Date and time May 12, 2015, 9:05AM

I couldn't think of a better site to place a development like this, right beside a major bus and rail transport hub. Adding in an extra 1600 people to the area, especially student types, could be the sort of kick start nearby Stones Corner needs as well!
CommenterThe Realistic Location Logan Date and time May 12, 2015, 9:59AM

Agree on the drop in net cash, though there's also drop in long term & short term debts, its development properties overall resulted in NAV increased to $0.35.

So far it has maintained at least 2c semi-annual dividends for past 3years+.
With the 26 May 15's announcement that "Premier@Kaki Bukit" balance 5 units sold (1 to its director's relative somemore, thus the mandatory announcement), wonder if its good to buy more?

- vested

[FortuneSix]

Just came across this article... Surprised the stock price not shot up yet.

https://sg.finance.yahoo.com/news/six-si...00627.html

[BlueKelah]

they have exposure to Aussie markets and their timing going there is not that good.

Though their local dorm business should do them well.

[Xiaosaint]

BlueKelah, is Wee Hur still exposed to China? If I remember correctly, they announced the decision not to go thru with their initial plans to enter the chinese market a while back.


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[BlueKelah]

BlueKelah, is Wee Hur still exposed to China? If I remember correctly, they announced the decision not to go thru with their initial plans to enter the chinese market a while back.


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paiseh post wrongly, edited my original post liao. Yes they terminated their plans for china in FEB this year.

[Xiaosaint]

Wee Hur just announced its 1st dividend distribution for 2015! But this time round only giving out 0.75 cents instead of the usual 1 cent. Any idea why they lowered the dividend payout amount?


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[BlueKelah]

Wee Hur just announced its 1st dividend distribution for 2015! But this time round only giving out 0.75 cents instead of the usual 1 cent. Any idea why they lowered the dividend payout amount?


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bopian lah, they need cash to develop the aussie project and singapore side project also. So now is in developer mode, smaller dividends, have to wait a few more years projects TOP and finished will have more dividends again.

[greengiraffe]

http://www.valuebuddies.com/thread-5625-...#pid121422