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01-12-2014, 06:53 PM
(This post was last modified: 01-12-2014, 07:05 PM by Curiousparty.)
this should be the 2nd phase of stock buyback program, ahead of the bumper Q4 results.
It would gradually step up over the next few weeks - a strong pre-warning to shortists.
I have checked back the last share buyback announcement. the buyback today should be 1100 lots 
[There was a typo on their announcement]
(01-12-2014, 06:23 PM)Ray168 Wrote: CES initiates share buy back again.
Today bought 110 lots
CES Share Buy Back
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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it really a typo at SGX announcement. It should be 1100 lots buy-back.
What a huge different
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(01-12-2014, 02:17 PM)BlueKelah Wrote: Victorian parliament has just changed hands with Labor winning elections. This means Liberal party planning minister Matthew Guy will be replaced by a Labor minister. Possibility VCAT appeal may be successful this time has just increased. CP : Wonder who will be asking Matthew guy to "go fly kite"?
In fact, it's very possible the Labor minister may review all the planning approvals and revoke some as there is a lot of growing discontent amongst locals with the increasing empty apartments going up in Melbourne.
Melbourne City Council to ask Matthew Guy to reverse decision on Collins Street site
Extract :
[The highest-profile example in Melbourne is 555 Collins Street, over which the city council will on Tuesday ask Mr Guy to reverse planning laws he changed last year.
In April 2013 Mr Guy altered the planning rules on the site, owned at the time by developer Harry Stamoulis, to allow a tower on it to overshadow the south bank of the Yarra River.
Mr Stamoulis bought the property for $38 million in 2003. Soon after Mr Guy changed the planning rules for the site, he sold it to Singaporean developer Fragrance Group for $78 million.]
Very obvious what's going behind the scenes. Talking about overshadowing, the future CUB project's future doesn't look too good.
-not vested- Just my view.
Its quite funny that the aussie government can jump all over, just cos of the TM being too tall and overshadowing whatever part of melbourne. I wonder if they even realise that this sort of hiccups only serve to shake investors and developers. Just my thought.
Singapore's case is.... just build. Don't like, too bad.  BTO all over the place. :|
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
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then melbourne's 108 highest building by fragrance is doomed?
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05-12-2014, 09:20 AM
(This post was last modified: 06-12-2014, 04:08 PM by Curiousparty.)
Landscaping works at Alex Mall should be completed by now . Q4 eps is forecasted to be ~ 20 cents ....
Next year around June when the hotel segment commissions, NAV will be increased by 25 to 30 cents depending on the valuation used . On top of this , there is recurring income from hotel leasing arrangement .
Then there is the usual EPS of around 15 cents from Junction 9 , 9 residence , construction and existing recurrent income for FY15. FY15 will be more exciting than FY14
The recently issued note of $150mil would probably be used to purchase some office property in Australia to add on to the recurrent income..
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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05-12-2014, 04:58 PM
(This post was last modified: 06-12-2014, 04:07 PM by Curiousparty.)
the implication from the following 2 news is that CES may be waiting for the right time and space to monetize its hotel.
Does anyone have any idea the valuation of 4-star hotel at current market rate? $0.9mil per key?
********
Source - Business Times
CDL warns of fire sales in high-end market
While the residential property market is on a downturn, group can ride on 'shining stars' of offices and hotels
......The group can also count on two "shining stars" - the office and hotel markets. "Office and hotel properties have become most desirable assets. Demand for Grade A office space in Singapore is improving; and capital value for hotels has increased significantly , even though earnings have not caught up yet. With over 120 hotels globally, the group is able to counterbalance by geographical spread," Mr Kwek said.....
***********
Source - Business Times
THE government will offer land for about 3,020 private residential units (including 490 executive condominium units) through the confirmed list for the first half 2015 Government Land Sales (GLS) Programme.
This is lower than the 3,915 private residential units (including 1,520 EC units) through the confirmed list of the current second half 2014 GLS programme.
The Ministry of National Development will not be offering any land for commercial space or any hotel sites in the H1 2015 confirmed list.
Sites on the confirmed list are launched for tender according to schedule, regardless of demand.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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06-12-2014, 09:15 PM
(This post was last modified: 06-12-2014, 09:20 PM by Curiousparty.)
http://www.parkhotelgroup.com/alexandra/default-en.html
The Park Hotel Group Website said that Park Hotel Alex will be opening on May 2015. Wow, this is just 4 to 5 months away...
Recurrent income of ~$15mil per annum is going to kick in....
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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08-12-2014, 11:39 PM
(This post was last modified: 08-12-2014, 11:39 PM by Curiousparty.)
The Edge Singapore, April 1, 2013
On March 26, listed construction group, Chip Eng Seng Corp, announced that its wholly owned property arm, CEL Property Investment, had purchased all units of San Centre, an office building at Chin Swee Road near the Chinatown MRT station for $113 million. The deal, brokered by JLL, is considered to be the first en bloc purchase of a commercial property in 2013. The existing office building sits on a land area of 28,719 sq ft with a gross floor area (GFA) of 131,896 sq ft. Hence, the price works out to $857 psf ppr.
Built in the 1970s, the existing San Centre contains 107 strata-titled office units and 80 parking spaces. The site has a 99-year lease with effect from 1969, and has the potential to be redeveloped into a 20-storey commercial or mixed-use commercial property with a hotel development. The sale is subject to Strata Title Board approval. As the site of San Centre enjoys the flexibility of various redevelopment options, its tender attracted good interest from investors and developers
The latest acquisition of San Centre could see Chip Eng Seng replicating the success it had achieved at the launch of Alexandra Central next to IKEA on Alexandra Road. Launched for sale on Jan 21, a week after the seventh round of government property cooling measures were announced, all except one of the 115 units at the six-storey retail podium of Alexandra Central, which contains a mix of strata-titled shops and F&B units, were sold by balloting that first day. Prices were said to range from $4,000 to $8,000 psf. Sitting on top of the retail podium will be a 13-storey, 450-room, four-star hotel managed by Park Hotel Group.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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10-12-2014, 08:13 PM
(This post was last modified: 10-12-2014, 08:14 PM by Ray168.)
CES share buy back 10 Dec 2014.
Share buy back 600 lots - 10 Dec 2014
(01-12-2014, 06:53 PM)Curiousparty Wrote: this should be the 2nd phase of stock buyback program, ahead of the bumper Q4 results.
It would gradually step up over the next few weeks - a strong pre-warning to shortists.
I have checked back the last share buyback announcement. the buyback today should be 1100 lots
[There was a typo on their announcement]
(01-12-2014, 06:23 PM)Ray168 Wrote: CES initiates share buy back again.
Today bought 110 lots
CES Share Buy Back
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Forecast 20 cents EPS is going to roll in for Q4 2014. Spending 1 cent EPS ($6.3mil) to do some share buyback is nothing...
(10-12-2014, 08:13 PM)Ray168 Wrote: CES share buy back 10 Dec 2014.
Share buy back 600 lots - 10 Dec 2014
(01-12-2014, 06:53 PM)Curiousparty Wrote: this should be the 2nd phase of stock buyback program, ahead of the bumper Q4 results.
It would gradually step up over the next few weeks - a strong pre-warning to shortists.
I have checked back the last share buyback announcement. the buyback today should be 1100 lots
[There was a typo on their announcement]
(01-12-2014, 06:23 PM)Ray168 Wrote: CES initiates share buy back again.
Today bought 110 lots
CES Share Buy Back
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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