Something positive in the AR 2013
39 Event after end of reporting date
The Company and The Group
(i) Subsequent to the end of reporting period, the Company has entered into a conditional sale
& purchase agreement to sell its warehouses classifi ed under investment properties and
property, plant and equipment with net book values of $2,975,000 and $809,000 respectively
to a third party at a consideration of $10,100,000 [Note 13© and Note 14(ii)(a)]. The sale is
subject to the approval of JTC Corporation of Singapore.
http://info.sgx.com/listprosp.nsf/07aed3...70036f94b/$FILE/LKH%20AR%202012.pdf
Its a non core warehouse at Sungei Kadut Loop. However, the same footnote already appeared in FY1/2012 AR.
Strangely it is still pending JTC approval... funny...
Vested
(12-05-2013, 10:31 PM)ngcheeki Wrote: [ -> ]Something positive in the AR 2013
39 Event after end of reporting date
The Company and The Group
(i) Subsequent to the end of reporting period, the Company has entered into a conditional sale
& purchase agreement to sell its warehouses classifi ed under investment properties and
property, plant and equipment with net book values of $2,975,000 and $809,000 respectively
to a third party at a consideration of $10,100,000 [Note 13© and Note 14(ii)(a)]. The sale is
subject to the approval of JTC Corporation of Singapore.
http://info.sgx.com/listprosp.nsf/07aed3...70036f94b/$FILE/LKH%20AR%202012.pdf
LKH dropped 10%!
Time to accumulate?
(23-05-2013, 03:00 PM)TheMillennium Wrote: [ -> ]LKH dropped 10%!
Time to accumulate?
Well done to the champs who picked some up at $0.695..
(23-05-2013, 03:53 PM)structuredfinancier Wrote: [ -> ] (23-05-2013, 03:00 PM)TheMillennium Wrote: [ -> ]LKH dropped 10%!
Time to accumulate?
Well done to the champs who picked some up at $0.695..
ya... I drooling non stop... but too late... no sure if the sales will go on...tomorrow
Boss' wife bought back around 72 should be a good indicative level to buy if anyone missed out previously...
(23-05-2013, 03:56 PM)Greenrookie Wrote: [ -> ] (23-05-2013, 03:53 PM)structuredfinancier Wrote: [ -> ] (23-05-2013, 03:00 PM)TheMillennium Wrote: [ -> ]LKH dropped 10%!
Time to accumulate?
Well done to the champs who picked some up at $0.695..
ya... I drooling non stop... but too late... no sure if the sales will go on...tomorrow
Greenrookie I think you will be the only one at the shop. Tmw is a public holiday
happy vesak day
Did a quick eval of this and found NAV is 65cents. Is there any margin of safety at all if one buys in above this level???
why would any value investor find this cheap especially if it is a property counter and not a big one at that?
Haha, I ask the same silly qn before... Check out the sheer size of Minton and payar Lebar sq and Ye expected inflow of rev and profits ... Parklane residences is selling very well, it's clear sky till 2015.
Check out gg earlier threads...
Not all developments are equal... Nvm thought it can be so significant as compared to debt level, cash level and etc..