Wheelock Properties

[Scg8866t]

http://repository.shareinvestor.com/rpt_...filename/1

Wheelock is completely debtless now. Their China developement is also progressing very well(631 of 657 launched units sold).
471,946,000 cash in coffeurs.

Very strong forth quarter operating cashflow due to depreciation from their wheelock place and scott square asset.

Final Dividend remain at 6cts. Wheelock Place 96% occupancy, Scott square 95% occupancy.

[vested]

Paying down S$0.5B of debt in one go - cash could also have been used for buybacks, dividends, investment, development - the choice of clearing their debt, suggests company going into maintenance mode?

[Scg8866t]

Paying down S$0.5B of debt in one go - cash could also have been used for buybacks, dividends, investment, development - the choice of clearing their debt, suggests company going into maintenance mode?

I see them doing a valuation for scotts square and wheelock place and then parring down all their remaining debt at this time to be somehow suggestive. Could be a move to simplify their balance sheet for a potential privatization. Just a guess.

[vested]

Not too sure, re-valuation of assets are reported routinely together with their FY statement, every Feb.

The fair value losses for Orchard Road properties could however, signal similar reductions for other Orchard Road landlords... other counters to watch out, especially those that have climbed quickly in the past months.

[soros]

Copied from aastocks website on 9 Mar 2017 :

During the result announcement press conference, WHARF HOLDINGS (00004.HK) -0.300 (-0.480%) Short selling $29.68M; Ratio 17.383% chairman Stephen Ng Ting-hoi said the group does not intend to sell its investment properties portfolio. It is not a good news for the group if the group's interest is diluted in the spin-off and listing. Therefore, the group is studying the pros and cons of distribution in specie of a part of the investment properties to shareholders of WHARF HOLDINGS. This can ensure the interests of shareholders not to be diluted.

Ng said as this plan is in an initial stage, no details can be disclosed by now.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2017-03-09 16:25.)

[opmi]

Wheelock HK performed better than Wheelock SG over the past 1 year...

[Scg8866t]

http://repository.shareinvestor.com/rpt_...file/37634

Latest AR shows Morph investment taking a top 20 position in Wheelock. Interesting indeed, finally showing their faces.

[donmihaihai]

http://repository.shareinvestor.com/rpt_...filename/1

Wheelock is completely debtless now. Their China developement is also progressing very well(631 of 657 launched units sold).
471,946,000 cash in coffeurs.

Very strong forth quarter operating cashflow due to depreciation from their wheelock place and scott square asset.

Final Dividend remain at 6cts. Wheelock Place 96% occupancy, Scott square 95% occupancy.

FYI Wheelock Properties doesn't depreciate these 2 properties.

[Scg8866t]

http://repository.shareinvestor.com/rpt_...filename/1

Wheelock is completely debtless now. Their China developement is also progressing very well(631 of 657 launched units sold).
471,946,000 cash in coffeurs.

Very strong forth quarter operating cashflow due to depreciation from their wheelock place and scott square asset.

Final Dividend remain at 6cts. Wheelock Place 96% occupancy, Scott square 95% occupancy.

FYI Wheelock Properties doesn't depreciate these 2 properties.

Sorry what i meant was a neg change in fair value for these two investment properties.

[donmihaihai]

http://repository.shareinvestor.com/rpt_...filename/1

Wheelock is completely debtless now. Their China developement is also progressing very well(631 of 657 launched units sold).
471,946,000 cash in coffeurs.

Very strong forth quarter operating cashflow due to depreciation from their wheelock place and scott square asset.

Final Dividend remain at 6cts. Wheelock Place 96% occupancy, Scott square 95% occupancy.

FYI Wheelock Properties doesn't depreciate these 2 properties.

Sorry what i meant was a neg change in fair value for these two investment properties.

Anyway there is no cash involved in fair value of investment properties. Just presentation in cash flow statement. Better cash flow due changes in working capital. Turning inventories into cash without much profit.