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http://asx.com.au/asx/statistics/display...d=01290859

For anyone who is interested to find out a little more on OMH - very detail write up by executive chairman.

Seperately there is an outdated article on manganese in electric vehicles:

http://manganeseinvestingnews.com/2141/g...se-demand/
(29-04-2012, 02:43 PM)greengiraffe Wrote: [ -> ]http://asx.com.au/asx/statistics/display...d=01290859

For anyone who is interested to find out a little more on OMH - very detail write up by executive chairman.

Seperately there is an outdated article on manganese in electric vehicles:

http://manganeseinvestingnews.com/2141/g...se-demand/

For the second article, it does not have any impact on OMH. 90% of demand for manganese comes from steel-making, while the other 10% are for these other random business. However, electrolytic manganese metal are normally used for non-steel making activities and that 97% of the EMM supply comes from China. Thus, I don't think that OMH is involved in EMM, even so it will be on a very very samll scale
(18-04-2012, 08:36 AM)greengiraffe Wrote: [ -> ]OMH gapped up at opening (49) this morning in ASX trade. Now trading comfortably above 50 at 51.

OMH jumped 25% since y'day after releasing its 1Q2012 market update. This time round, Boustead really looks good even though may be early days in its small but strategic 8% stake.

OMH is now trading at just A$0.425 this morning, down substantially from the highs of 50-51 Aud cents. I guess there's still insufficient clarity with regards to the project and other aspects of the business. It will take time definitely. Tongue

On a separate note, Boustead should be releasing its FY 2012 financial statements during the last week of May 2012. Last year, the FY 2011 results were released on May 26, 2011.
(10-05-2012, 09:59 AM)Musicwhiz Wrote: [ -> ]
(18-04-2012, 08:36 AM)greengiraffe Wrote: [ -> ]OMH gapped up at opening (49) this morning in ASX trade. Now trading comfortably above 50 at 51.

OMH jumped 25% since y'day after releasing its 1Q2012 market update. This time round, Boustead really looks good even though may be early days in its small but strategic 8% stake.

OMH is now trading at just A$0.425 this morning, down substantially from the highs of 50-51 Aud cents. I guess there's still insufficient clarity with regards to the project and other aspects of the business. It will take time definitely. Tongue

If they'd used S$ for their investment, then a double whammy as A$ had been weakening, especially more so after their Central Bank suddenly lowered their Interest Rate. See Yahoo charts.

But, if they'd borrowed in A$, then they'd be ok. Will even lower their borrowing cost with the lower interest rate. Tongue
From my understanding, the purchase was made in AUD for the shares of OMH.

However, when reporting, the reporting currency is in SGD so the translation gains/losses must be reported accordingly.
BOUSTEAD SUBSIDIARY AWARDED DESIGN-BUILDAND-
LEASE CONTRACT FOR JABIL’S INTEGRATED
MANUFACTURING AND TECHNOLOGY CENTRE
 Second industrial real estate design-build-and-lease contract secured by
division in less than two months
 10th industrial facility in industrial leasehold portfolio, raising portfolio
size to over 107,000 square metres

http://info.sgx.com/webcoranncatth.nsf/V...B0030B173/$file/Boustead_Announcement-Boustead_Subsidiary_Awarded_Design-Build-and-Lease_Contract_for_Jabil_Integrated_Manufacturing_and_Technology_Centre-11.05.2012.pdf?openelement

Finally, a clear breach of the 100 sqm mark Smile
Reconciliation is as follows for Boustead Project's DB&L Projects:-

As at 1H FY 2012:- 90,302 sqm
Less: Hawker Pacific (9,400) sqm
Add: Bombadier +6,490 sqm
Add: Jabil Circuit +20,020 sqm

Total as at May 11, 2012 = 107,412 sqm.

But note that of the 20,020, only 2/3 will be leased to Jabil (about 13,346 sqm). Boustead probably has to source around for tenants for the remaining space and it most likely will be multi-tenanted.
Very interesting DBL deal - 1st time leased partially. Perhaps BP has little choice but to maximise the plot ratio on the piece of land. Fingers crossed that the balance 1/3 will be leased without much difficulties.

After JCS, there is no more DBL that is publicly known unless Boustead changes its announcement policies in view of the changing competitive landscape. Note that BP always incorporated a project company in advance of actual announcements.

No fish, prawn also can - better look at it half full than half empty.



(11-05-2012, 06:10 PM)Musicwhiz Wrote: [ -> ]Reconciliation is as follows for Boustead Project's DB&L Projects:-

As at 1H FY 2012:- 90,302 sqm
Less: Hawker Pacific (9,400) sqm
Add: Bombadier +6,490 sqm
Add: Jabil Circuit +20,020 sqm

Total as at May 11, 2012 = 107,412 sqm.

But note that of the 20,020, only 2/3 will be leased to Jabil (about 13,346 sqm). Boustead probably has to source around for tenants for the remaining space and it most likely will be multi-tenanted.
this is pretty interesting and sounds like taking on leverage to build up its DBL portfolio fast. Another advantage is that jabil circuit will not be as tempted to exercise its option to purchase the whole building since the cost outlay is higher though maybe they are still allowed to buy their 2/3 space.

The risk lies in not being able to find tenant.
My Boustead Share Certificate for your viewing pleasure

[attachment=253]

(11-05-2012, 08:00 PM)shanrui_91 Wrote: [ -> ]this is pretty interesting and sounds like taking on leverage to build up its DBL portfolio fast. Another advantage is that jabil circuit will not be as tempted to exercise its option to purchase the whole building since the cost outlay is higher though maybe they are still allowed to buy their 2/3 space.

The risk lies in not being able to find tenant.