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Centurion Corporation
01-06-2018, 06:56 PM.
Post: #91
RE: Centurion Corporation
Centurion Corp Grows UK Portfolio with Acquisition of Premium Manchester Accommodation Asset

Highlights :
1. Premium accommodation asset offering high-quality housing primarily for students within the Manchester city centre
2. The accommodation asset is located at 121 Princess Street in central Manchester, United Kingdom
3. The Property is a newly refurbished, premium-built freehold asset comprising 127 beds
4. Enlarges UK accommodation portfolio to 9 assets, broadening reach of dwell Student Living brand
5. Capitalises on undersupply of purpose-built accommodation in key university city of Manchester
6. The Property will be acquired for a purchase consideration of £18.7 million (S$33.66 million)
7. The proposed acquisition increases Centurion’s total student and workers accommodation portfolio to 27 assets, bringing the total number of beds to c.55,274.

More details in :
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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19-01-2019, 06:18 PM.
Post: #92
RE: Centurion Corporation
One of my friends really like this stock and forms as his bulk portfolio. So I write it for him.

I am not vested and not really a fan due to its leverage

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19-01-2019, 10:27 PM. (This post was last modified: 19-01-2019, 10:28 PM by karlmarx.)
Post: #93
RE: Centurion Corporation
Most of the concerns that investors should note are already highlighted in the thread:

1. Track record of majority owners.
2. Aggressive accounting.
3. Heavy leverage.

Removing all the fair value gains -- including those on the JVs and Associates -- ROA averages slightly less than 3%. This is the expected return for a well-managed hotel/hospitality business. So operationally, Centurion is doing fine. But its heavy leverage leaves it exposed to numerous risks. Decreasing property values, even for a short period of less than a year, can trigger credit events that lead to eventual catastrophe.

Who are the "major noteholders who want to extend their bond investment"?

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