(16-02-2015, 12:44 PM)Debronic Wrote: [ -> ]New post on Chuan Hup:
http://stockresearchasia.com/1/post/2015...ging1.html
With the disposal there is a high possibility of bonus dividend payout up to 10cents?. But it seems not much change in value to the company other than cash coming in.
Aussie side property will be a downer, prop market is in downturn in Perth now where all of Finbar's projects are. Sales figures are also pretty bad, in Sydney/Melbourne usually big projects are fully sold in a few hours. Of course forex is a risk.
PCI just had a very good quarter, better to buy the child which has high cash and yield. Very limited shares in PCI too so any catalyst the price will skyrocket/gap up.
But at 30cents today, CHH still ok to buy in hope for the 10cent dividend which may see price skyrocket to 40c. Net cash % will be 77%+ after the sale of CHO so payout is likely gonna happen.
Don't mean to keep posting on this but links on the last report have gone a little wonky. Ignore the previous post with the new link because the old one is now working. In any case, anyone has problem accessing it can go to:
http://stockresearchasia.com/latest-reco...tions.html
and search for the report.
Finbar (developer listed on ASX) which is 17.5% owned by Chuan Hup, has sold about 62% of its Aurelia condo project in Perth city over just 2 weeks of launch recently. Finbar is doing quite well in Perth indeed and 2 days ago just bought another piece of land in Perth for A$7.5m to develop into 56 unit apartment. The co gives out good dividend and according to one report this yield 7%, which is good for Chuan Hup.
Chuan Hup stake in the co alone is already worth about A$54m.
Thanks a lot for the update rop.
Currently just sitting tight and awaiting a nice tasty dividend payout from Chuan Hup for the sale of CH Offshore.
Yup thanks for sharing.
Me also holding on to Chuan Hup for the dividend : )
Did anyone attend the EGM on Wed?
I was supposed to but had could not leave my work commitments in the end.
How did it go? Was there any inkling about how they intend to use the proceeds from CH Offshore sale?
Q3, 2015 results are out - From the report "Employee benefits expense rose to USD 8.639 million as compared to USD 3.973 million in 3Q14 due to higher staff cost accrued"
When the staff cost increased by 117%, it could be better explained than the above one line
http://infopub.sgx.com/FileOpen/CHH9M15....eID=349110
USD 5m - self-rewards for holding for that extra 10% offer price??