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(23-05-2013, 09:58 AM)CityFarmer Wrote: (23-05-2013, 09:38 AM)AlphaQuant Wrote: (23-05-2013, 09:34 AM)egghead Wrote: Ok, thanks. Shouldn't this be announced in SGX web site?
ya bit surprised this wasn't announced earlier but i guess the filing should come soon given SLF is a SSH. unless the report is wrong of cos!
By rule, the announcement should be made within 2 business days.
Base on disposal date of 22 May, so the announcement will come by end of 27 May the latest. (24th May is PB)
It will be made soon, as the block trade is reflected only today. But good move from SLF to monetise an asset they have held so long
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more downside to come ....
margin calls .....
wait a few more days if u must buy.
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(23-05-2013, 10:57 AM)kayhian Wrote: more downside to come ....
margin calls .....
wait a few more days if u must buy.
Huh..forced selling?
Pardon my limited knowlegde,how does slf sell?dump to public?if yes, shd be able to stablise and fufill margin calls at the bottom price they set for next 2 trading days?
Simialr to last sep when temasek dumped singtel shares?
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Help needed...not a finance student, but trying to value it
Using Discounted EPS, 2012 data (current EPS@$0.122); EPS growth rate@3% (lowered from 6%) and discounted rate of 3%, valued at $1.22...so bad?
Using DCF, 2012 data, operating CF@689.2m; Growth rate was erratic over 10 yrs, picked up current and data 5 yrs ago => 1.2%; shares outstanding@585.1m; discount rate@3%, valued at $10.88, impossible...where did my calculations go wrong??
TIA....=)
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You should use no. of shares instead Value of share capital.
No. of share is 2,101,993,000
(26-05-2013, 02:58 PM)evolance Wrote: Help needed...not a finance student, but trying to value it
Using Discounted EPS, 2012 data (current EPS@$0.122); EPS growth rate@3% (lowered from 6%) and discounted rate of 3%, valued at $1.22...so bad?
Using DCF, 2012 data, operating CF@689.2m; Growth rate was erratic over 10 yrs, picked up current and data 5 yrs ago => 1.2%; shares outstanding@585.1m; discount rate@3%, valued at $10.88, impossible...where did my calculations go wrong??
TIA....=)
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(26-05-2013, 03:33 PM)Ray168 Wrote: You should use no. of shares instead Value of share capital.
No. of share is 2,101,993,000
Waaa...thks Ray168
still gotten $2.6 after I adjusted discount rate to 5% and CF growth to 0.5%
35% above current price of $1.92, grossly undervalue and opposing value compared to discounted EPS...due to its capital intensive nature thus too gd to be true?
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(26-05-2013, 03:52 PM)evolance Wrote: (26-05-2013, 03:33 PM)Ray168 Wrote: You should use no. of shares instead Value of share capital.
No. of share is 2,101,993,000
Waaa...thks Ray168
still gotten $2.6 after I adjusted discount rate to 5% and CF growth to 0.5%
35% above current price of $1.92, grossly undervalue and opposing value compared to discounted EPS...due to its capital intensive nature thus too gd to be true?
Hi I believe using a rate of >10% will be more appropriate since I believe investors should be expecting more than 5% return p.a.
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Quote:Using DCF, 2012 data, operating CF@689.2m; Growth rate was erratic over 10 yrs, picked up current and data 5 yrs ago => 1.2%; shares outstanding@585.1m; discount rate@3%, valued at $10.88, impossible...where did my calculations go wrong??
If the growth rate is erratic, what is the use of DCF?
There are many analyst reports on ComfortDelgro with different approaches towards the valuation of ComfortDelgro. It is probably simpler to study their method and attempt to work out the valuation. (Ten year series approach..)
DCF to ten years is rarely accurate unless the company is similar to K-Green.
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(26-05-2013, 06:23 PM)yeokiwi Wrote: If the growth rate is erratic, what is the use of DCF?
There are many analyst reports on ComfortDelgro with different approaches towards the valuation of ComfortDelgro. It is probably simpler to study their method and attempt to work out the valuation. (Ten year series approach..)
DCF to ten years is rarely accurate unless the company is similar to K-Green.
U got a pt..actually i dig thru many reports on CD..ocbc, tink kim eng, and cant rem one more, gave $1.95, without elaboraring on was it being evaluated.
Vickers was most detailed,$2.2 based on rolling avg PE and DCF.
DMG rated $2.40, based on PE...
Without further details on its computation,i decided to test out the valuation myself...quite free tis 2 weeks..haaa..tink gota pick up some useful things to do rather than wastin my time away..
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