Chip Eng Seng

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Spent $4.6 mil on 4.8 mil of shares at 97 cents but saved only $0.288 mil of dividends...



(13-04-2015, 11:28 PM)Petertan Wrote: But I think if it drop back at XD, it still save paying out dividend. Anyway buying back share is a positive move as a whole.
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every month around 23-26th day there will always be a surge in volume traded for this counter
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(15-04-2015, 01:08 AM)Fibonacci236 Wrote: every month around 23-26th day there will always be a surge in volume traded for this counter

That is an interesting observation. Can you share what is the reason behihd this? Fund buying? or what? Thanks you.
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23,24,25,26 are not Fibonacci numbers right..
although this is a value investing forum, I'm still curious
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Another observation, it never crosses 0.975 - 0.98... guess likely fully valued for this so called under valued gem... once xd ...most likely fall to 0.80 and hover around there.

STI is already above 3500, guess when STI reaches 2500.... CES will likely be 0.45 or below...
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westin1 Wrote:Another observation, it never crosses 0.975 - 0.98... guess likely fully valued for this so called under valued gem... once xd ...most likely fall to 0.80 and hover around there. STI is already above 3500, guess when STI reaches 2500.... CES will likely be 0.45 or below...
Yes , better run now
[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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Doomsday is coming, everything is worthless, sell everything you have
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Let's see what has been done or what to expect in year 2015.

1. CUB sold out,at 62.8 million, expect 15% of the earning go to the cost and working capital for this project, estimate there is 27.88million earning for this year, eps = 0.0444

2. Alex Hotel, confirm will be ready by 1H-2015, estimate of revalue gain around eps = 0.26

3. Nine Residence and Junction 9 projects was told to be finished later of this year. Based on information estimated, there is 30% progressive recognition done in 2014, left 70% to be record this year, estimate EPS = 0.18-0.25

Estimate properties development contribution for year 2015 = 0.48444 - 0.55444
This has not included the investment properties and the construction segment contribution.

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Next, what to expect for the coming years?

2016 - Fulcrum, Williamson (phase 1 and apartment)
For Fulcrum, company will re-launch later of this year. Fulcrum is schedule to be finished by year 2016, if company choose to record progressively all in year 2016, eps contribution from this project estimate to be 0.15.
Williamson estate has launched for its townhouse, which is the phase one, this project has 104 units. According to the company, the apartment block will finish at 2016 as well. Based on limited information, the Townhouse project is estimate to bring around 0.035 EPS only. Apartment project will need to wait for the project to launch (could it be another 0.035?).

2017 - 2018 - Fernvale project.
Understand that this is a condominium project, I expect the progressive record of the revenue will happen during these 2 years. EPS contribution? TBD...

2019 - TM, this still has uncertainty. (this project estimate to have eps 0.26 in my list)
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(15-04-2015, 01:03 PM)westin1 Wrote: Another observation, it never crosses 0.975 - 0.98... guess likely fully valued for this so called under valued gem... once xd ...most likely fall to 0.80 and hover around there.

STI is already above 3500, guess when STI reaches 2500.... CES will likely be 0.45 or below...

The guy who bought it at super low price is not doom. He can use trailing stop to take his profit and run road. The guy who miss this train or boat is doom in heart and mind till he cannot tahan , must disturb those who make money out of envy. This is the hard truth. hehehe
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(15-04-2015, 03:46 PM)RT Knight Wrote: Let's see what has been done or what to expect in year 2015.

1. CUB sold out,at 62.8 million, expect 15% of the earning go to the cost and working capital for this project, estimate there is 27.88million earning for this year, eps = 0.0444

2. Alex Hotel, confirm will be ready by 1H-2015, estimate of revalue gain around eps = 0.26

3. Nine Residence and Junction 9 projects was told to be finished later of this year. Based on information estimated, there is 30% progressive recognition done in 2014, left 70% to be record this year, estimate EPS = 0.18-0.25

Estimate properties development contribution for year 2015 = 0.48444 - 0.55444
This has not included the investment properties and the construction segment contribution.

---------------------------------------------

Next, what to expect for the coming years?

2016 - Fulcrum, Williamson (phase 1 and apartment)
For Fulcrum, company will re-launch later of this year. Fulcrum is schedule to be finished by year 2016, if company choose to record progressively all in year 2016, eps contribution from this project estimate to be 0.15.
Williamson estate has launched for its townhouse, which is the phase one, this project has 104 units. According to the company, the apartment block will finish at 2016 as well. Based on limited information, the Townhouse project is estimate to bring around 0.035 EPS only. Apartment project will need to wait for the project to launch (could it be another 0.035?).

2017 - 2018 - Fernvale project.
Understand that this is a condominium project, I expect the progressive record of the revenue will happen during these 2 years. EPS contribution? TBD...

2019 - TM, this still has uncertainty. (this project estimate to have eps 0.26 in my list)

Alex hotel under property, plant and equipment, revaluation gain will charge other comprehensive income instead of net profit, hence will not contribute towards EPS.
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