(12-11-2013, 01:22 PM)gautam Wrote: [ -> ]Hi behappyalways,
So means singhldgs will need to dev n sell its robin sitr by 2011+5=2016.
Feel free to correct me.
Hmm..btw i scanned thru the div, first paid was in 2006. When was this company listed? Earlier than 2006?
Pardon me for my ignorance.
Good noon Gautam san and All.
here sir...
http://www.sgx.com/wps/portal/sgxweb/hom...BQ4BVU1CB7
Listed on 26 April 2006 on SGX Sesdaq 28 September 2007 on SGX Mainboard
Thanks kbl san.
So i gather that singhldgs has a long unlisted history since 1964& has a 8yr uninterrupted history of dividends with a 1 for 2 at 0.1 in 2009. To me, i view dividends as taking a pulse of a company's health history.
Thanks!!!
Maybe behappyalways san said got relevance. If ppty market stay weak, might not be advantageous to hold that robin land for a lomg time.
Is market responding that way?
Hi gautam you misinterpreted what I meant.
The mgmt should wait for for the master plan even though it is quite late in forthcoming but since they are confident that the plot ratio stands a high chance to be raised.
As time is getting short. The lee might privatized if they want to maximize profits.
Anyway the company is flushed with cash now and there is more clarity with launched of waterwoods. By the way I heard skypark residence is alao pricing high for their ec. No way those smart developers gonna price low knowing that there wouldn't be any supply in the next 6-9 mth.
By the way the cost of the plot of robin land is worth more than the company's market cap now
Hi behappyalways,
Thanks for clarificatn. So i gather that its currently trading at an attractive price, pb 0.7 latest nav being 58c. I wonder then what's the reason for its discount. Or maybe sometimes it takes a while for market overall to realise this gap.
Thanks!!!
(14-11-2013, 10:40 AM)Behappyalways Wrote: [ -> ]Hi gautam you misinterpreted what I meant.
The mgmt should wait for for the master plan even though it is quite late in forthcoming but since they are confident that the plot ratio stands a high chance to be raised.
In their announcement they said that they have started the construction. Does tis mean that they have thrown in the towel and gone ahead with existing plot ratio. Can they change their plan to accomodate higher plot ratio next yr if construction is in progress.
I went to the robin plot with a friend a month or two ago. I think they are just doing minor construction work . My take is the construction work should shorten the construction time no matter what the new plot ratio will be. Sorry i am not a construction guy so that's my guess.
By the way after so many years, the lees are doing a rather lousy job in bringing value to minority shareholers although they seem to enjoy good bonus. This issue I have brought up for years but there are so many fervent supporters of lee
My cousin's story : Back to square one.
Bought at 39 cents around April 2010, saw it went under water below 30 cents in 2012, flew to around 50 cents in 2013. Now back to square one. In the mean time : 4.05 cents dividend.
(14-11-2013, 01:42 PM)cyclone Wrote: [ -> ]My cousin's story : Back to square one.
Bought at 39 cents around April 2010, saw it went under water below 30 cents in 2012, flew to around 50 cents in 2013. Now back to square one. In the mean time : 4.05 cents dividend.
Well, depends. If your cousin had used the dividends to load up more, he/she would have more soldiers and if the wait is long enough, he will ride out the short term ups and downs and whole investment will invariably increase in size.