Posts: 212
Threads: 4
Joined: Sep 2014
Reputation:
8
Good news in what sense? Didnt see any contract awardex to ces.
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.
Posts: 138
Threads: 0
Joined: Sep 2014
Reputation:
1
if jalan kayu is to be revamped into sth like holland v, might be an attraction point for high park residences
Posts: 57
Threads: 0
Joined: Jul 2013
Reputation:
0
selling point for High Park Residence at Fernvale...
Sent from my iPhone using Tapatalk
Posts: 3,942
Threads: 5
Joined: Mar 2011
Reputation:
14
> 5% yield & share buy back & P/B = 0.5 by year end..
Hard to find...
Usually those developer counters trading at P/B = 0.5 is because of low dividend yield and shareholder-unfriendly.
e.g., Tuan Sing
(17-03-2015, 10:02 AM)westin1 Wrote: Thanks jjlim84 .... if ces is so good, price wont stay stagnant like this.... look at ho bee to see how low it can go....
(19-06-2015, 02:18 PM)roxhockey Wrote: (19-06-2015, 01:08 PM)BlueKelah Wrote: (16-06-2015, 08:32 PM)Curiousparty Wrote: Baseline of 4 cents dividend at least secured for next 2 years. >5% yield at current price level. Has value emerged after the 21% drop from the recent high of 98 cents to today's 77.5 cents??
EPS forecast for FY2015
1. Nine Residence and Junction 9 = ~ 12 cents
2. Construction Income = ~ 4 cents
3. Fulcrum = ~ 2 cents
4. Investment properties = ~ 0 cents ( assuming hotel operation would drag down EPS as it takes a few years before rooms can be filled up)
Total EPS = ~ 18 cents
Hotel Revaluation Gain = ~ 25 cents (conservative)
NAV at the end of FY2015 = $1.20 - $0.06 cents (dividend) + $0.25 (hotel revaluation gain) + $0.18 cents = $1.57.
Current share price = $0.775 or 51% discount to year end NAV!!!! (as of 16 June 2015)
Sounds like the current price is pretty much fair market value now. ~50% discount to NAV for mod-high gearing property developers sounds about right for now.
Without a catalyst like sale of TM site or recommencement of work there, price will probably just trade sideaways or trend down slowly as volume and interest start to fade.
Can you please tell me what other developers that you know of that are trading at 50% discount to NAV? I'm not trying to argue, I actually want to buy them. Koh Bros is the only other one I know of.
[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.]
Posts: 106
Threads: 1
Joined: Dec 2014
Reputation:
3
It's interesting how this thread has gone from one of the most popular stocks on VB to totally silent recently.
What's more interesting is that the stock price has been trending down as well, almost mirroring the amount of chatter and exuberance here.
A good practical reminder of how the market tends to be a popularity contest in the short run.