Good Morning Behappyalways san and All
You morning owl>no need to sleep 1
When Company sold Ocean Tower>there was a special dividend of $0.035(one tier tax)+$0.045(less tax). Now The Laurels TOP>will Boss Lee & BD reward shareholders with a similar or higher dividend payout????
http://www.singholdings.com/past-projects.html
I will move all posts with the video to "Audio and Video", instead of remove them.
For cyclone, and the rest who interested, in case you wants to review and have fun again later. The new thread over there is "[split] Sing Holdings"
(26-09-2013, 08:58 AM)Behappyalways Wrote: [ -> ]saw the advertisement in The Straits Times today?
^^
http://www.waterwoods.com.sg/
Good morning Behappyalways san, Cyclone san, Cityfarmer san and All.
Sing Holdings put a pop up ads at propertyguru today for Waterwoods EC.
waiting for the waterwoods e-application response(should be out soon)....heard it is not so encouraging.....so let's see ^^
anyway if Nov, company managed to sell the EC project well, then it would be left with one residential plot plus office units.....
The chances of being privatised will go up...with NAV above 90 cents while the remaining plot of land (Robin Site) cost price is equal to present Sing Holding's market cap.
The Lee family might be tempted to delist because of the discount to NAV, possible increased in plot ratio of Robin Site and to circumvent the Qualification Cert rules on the Robin site. The Robin site is a FREEHOLD site 250m within the future Stevens MRT. The station will run in 2016....If they delist the company, they can bid their time to launch the project and maximise profits.....
Anyway in 3Q and 4Q 2013, the company will be flush with collections from their The Laurels project. As of 2Q2013, the project is 96% recognised as revenue(98% sold) but my guess is that collection is around 60% or less....so another 40% or somewhat close to $300m.....so debt level will fall by a lot......
(They update their website....)
http://singholdings.com/
Good evening Behappyalways san and All.
how do u get NAV above 90cts?
Thank you
NAV is what you can see but you cannot touch ^^.....hee hee
that why need to wait till Nov when Waterwoods EC is launched.....then more clarity.......because by then it would be left with one plot of land....hence less 'surprise' and just need to SIT and WAIT(not easy ......go attend vipassana meditation ^^ to enhance) till revenue collections from the projects come in.....
http://www.nextinsight.net/index.php/sto...ts-now-say
Thank You Behappyalways san.