(27-03-2015, 06:43 PM)sykn Wrote: [ -> ]FY results are out; 5 cents dividends; makes my day!
will lkh won the paya lebar central site tender again???i believe they will put in high bids...result out on tues 31 march 2015....cheers
Why does LKH keep dropping despite the good dividend?
Was it due to the declining construction and hotel recurring income, which is casting a black cloud over the longer term prospect?
XD, will drop back to 66 cents?
No more substantial development profits going forward.
Business model already transformed to investment properties ownership for recurrent income. However, LKH only owns minority stakes in JVs (Westgate - 40% and AXA - 20%). There remains landbank (Balestier Towers and Kismis - strata landed housing) but they are not bargains.
Overall, gearing is not excessive at all and management remains conservative.
Like I previously indicated, there is limited chance that LKH will be delisted as the M'sian parent requires this outpost as a legitimate outlet to streamout RM earnings for overseas strategic investments.
If you are happy with 3 cents going forward but with relatively unexciting earnings profile, LKH will be an ideal vehicle.
Odd Lots Vested
GG
(31-03-2015, 12:43 PM)Curiousparty Wrote: [ -> ]Why does LKH keep dropping despite the good dividend?
Was it due to the declining construction and hotel recurring income, which is casting a black cloud over the longer term prospect?
XD, will drop back to 66 cents?
Fund is pushing it down to collect.
Wait till they collect finish they will push.
LKH is a tightly owned counter... only over hype investors could have overbought it in anticipation of bumper dividends... hence when 3+2 was declared which was quite a disappointment, quite a few of these investors could have squared their positions.
I seriously doubt that any funds would be interested in LKH as I have never really come across any of such institutions apart from some well informed high net worth over my decade experience with LKH.
However, I have to admit that I have missed out the 3 baggers that LKH return shareholder since 07 as they have rode the asset inflation cycle in Singapore very well first through its close association with UOL Group then by taking selected views when they go on their own.
LKH has prudently recycled their substantial gains from PL Sq, Minton and the DBSS into a carefully selected landbank and investment properties. Until the austerity measures lift on the Singapore market, it will be hard to see the next quantum leap happening on LKH and many other Singapore based developers over the immediate horizon. So far, not withstanding their historical experience in Australia, LKH remains contented to hold on to their sole beachhead assets of the Perth Duxton and yet to make forays like other developers such as Sim Lian...
Like I say, LKH will be steady but unexciting and hopefully the seeds that they sowed turns out well otherwise they would be underwritten by the expected returns from recurrent rental.
(31-03-2015, 07:19 PM)BlueKelah Wrote: [ -> ]Fund is pushing it down to collect.
Wait till they collect finish they will push.
(31-03-2015, 07:50 PM)greengiraffe Wrote: [ -> ]LKH is a tightly owned counter... only over hype investors could have overbought it in anticipation of bumper dividends... hence when 3+2 was declared which was quite a disappointment, quite a few of these investors could have squared their positions.
I seriously doubt that any funds would be interested in LKH as I have never really come across any of such institutions apart from some well informed high net worth over my decade experience with LKH.
However, I have to admit that I have missed out the 3 baggers that LKH return shareholder since 07 as they have rode the asset inflation cycle in Singapore very well first through its close association with UOL Group then by taking selected views when they go on their own.
LKH has prudently recycled their substantial gains from PL Sq, Minton and the DBSS into a carefully selected landbank and investment properties. Until the austerity measures lift on the Singapore market, it will be hard to see the next quantum leap happening on LKH and many other Singapore based developers over the immediate horizon. So far, not withstanding their historical experience in Australia, LKH remains contented to hold on to their sole beachhead assets of the Perth Duxton and yet to make forays like other developers such as Sim Lian...
Like I say, LKH will be steady but unexciting and hopefully the seeds that they sowed turns out well otherwise they would be underwritten by the expected returns from recurrent rental.
(31-03-2015, 07:19 PM)BlueKelah Wrote: [ -> ]Fund is pushing it down to collect.
Wait till they collect finish they will push.
I agree with what you said, I have sold all and put it in HLS, recession proof counter plus good valuation, and also into CES, just to diversify a little.
Not sure which "sources" said that funds pushed down to collect more.. if so, wouldn't these funds be subject to MAS action for "manipulating" the market?
(31-03-2015, 07:50 PM)greengiraffe Wrote: [ -> ]LKH is a tightly owned counter... only over hype investors could have overbought it in anticipation of bumper dividends... hence when 3+2 was declared which was quite a disappointment, quite a few of these investors could have squared their positions.
I seriously doubt that any funds would be interested in LKH as I have never really come across any of such institutions apart from some well informed high net worth over my decade experience with LKH.
However, I have to admit that I have missed out the 3 baggers that LKH return shareholder since 07 as they have rode the asset inflation cycle in Singapore very well first through its close association with UOL Group then by taking selected views when they go on their own.
LKH has prudently recycled their substantial gains from PL Sq, Minton and the DBSS into a carefully selected landbank and investment properties. Until the austerity measures lift on the Singapore market, it will be hard to see the next quantum leap happening on LKH and many other Singapore based developers over the immediate horizon. So far, not withstanding their historical experience in Australia, LKH remains contented to hold on to their sole beachhead assets of the Perth Duxton and yet to make forays like other developers such as Sim Lian...
Like I say, LKH will be steady but unexciting and hopefully the seeds that they sowed turns out well otherwise they would be underwritten by the expected returns from recurrent rental.
(31-03-2015, 07:19 PM)BlueKelah Wrote: [ -> ]Fund is pushing it down to collect.
Wait till they collect finish they will push.
Fund buying or selling, broker can know. They have code of sort. I ask my broker about this counter. He told me there was no transaction by fund over the last month. This means basically retailer are trading amongst themselves. You may approach your broker to ask to confirm too. Thanks
(01-04-2015, 01:22 PM)Petertan Wrote: [ -> ]Fund buying or selling, broker can know. They have code of sort. I ask my broker about this counter. He told me there was no transaction by fund over the last month. This means basically retailer are trading amongst themselves. You may approach your broker to ask to confirm too. Thanks
I think Bluekelah is referring to BBs' fund, not institutions. There are some institutions that hold this stock but they constitute a combined stake of less than 0.7%. Of course, if there's any Singaporean boutique fund that is vested, it's not shown here.
http://investors.morningstar.com/ownersh...ture=en-US
(01-04-2015, 06:44 PM)Tiggerbee Wrote: [ -> ] (01-04-2015, 01:22 PM)Petertan Wrote: [ -> ]Fund buying or selling, broker can know. They have code of sort. I ask my broker about this counter. He told me there was no transaction by fund over the last month. This means basically retailer are trading amongst themselves. You may approach your broker to ask to confirm too. Thanks
I think Bluekelah is referring to BBs' fund, not institutions. There are some institutions that hold this stock but they constitute a combined stake of less than 0.7%. Of course, if there's any Singaporean boutique fund that is vested, it's not shown here.
http://investors.morningstar.com/ownersh...ture=en-US
Thanks you very much for sharing.