(28-01-2016, 07:24 PM)Curiousparty Wrote: [ -> ]Mr Raymond Chia is back 
A friend made a comment that Raymond still more aggressive, yet prudent.
It sure took him a while to make a come back.
(08-12-2015, 10:03 AM)sykn Wrote: [ -> ]I still can't quite figure out the "motive" of this spinning off thingy. Is it a bit like Boustead Singapore that spun off Boustead Projects? At least in that case, the CEO came out to explain why they did it. Anyway, after the spin off and giving shareholders the full stake as dividend in specie, the share price of both BSL and BPL went south - worse than before the spinning off. Does anyone know if CES came up front to explain why they are doing this business gymnastics? Thanks.
the Board wishes to inform shareholders of the Company that the Company has decided not to proceed with the Proposed Restructuring, having taken into account numerous factors, such as prevailing market conditions, amongst others.
http://infopub.sgx.com/FileOpen/Proposed...eID=389454
This counter has been one of those I'm eyeing in my relatively short investing time.
The reason I hold back was due to it proposed spin off.
Now that it is not happening I think it time to dig out more.
Appreciate if all gurus here could input their 2cents worth view
Just read past post by curiousparty last year, almost everyday u can see some discussion and posts on valuation and issues ad nauseum.
Unless u are trolling....lol...
sent from my Galaxy Tab S
Haha no la
I even went thru your blog
Too many 'distraction' there though lol
Anyway back to this counter I did read through the previous post
In fact I read through all the posts on the counters I'm vested in and interested in lmao
Anyway to rephrase my question
How will the gurus react to the news that the spin off will not be occurring
I view it in a positive light in my humble opinion.
CEL Residential Development Pte. Ltd. has emerged as the top bidder of the land parcel at New Upper Changi Road/Bedok South Avenue 3 (Parcel B) (the “Site”) for residential development. The tender price for the Site is S$ 419,380,000 or S$8,187 per square meter (“sqm”) per plot ratio.
http://ir.chartnexus.com/ces/announcement.php
Comparing price per plot ratio, CES got it only 3.6% cheaper than what Keppel Land paid for The glades (nearby plot at Tanah merah).
With Keppel having pulled all the stops to sell The Glades and only sold 56% of units, I wonder if CES is really smart in buying it. The profit margins will be thinner than that of Keppel Land, given ppty prices have fallen at least 5% since then
I think CEL still has reasonable margin because they are also a construction company which will lower their construction cost.
Another plus is this will provide 'additional' revenue and profit for the construction arm.
(23-02-2016, 11:55 PM)CY09 Wrote: [ -> ]Comparing price per plot ratio, CES got it only 3.6% cheaper than what Keppel Land paid for The glades (nearby plot at Tanah merah).
With Keppel having pulled all the stops to sell The Glades and only sold 56% of units, I wonder if CES is really smart in buying it. The profit margins will be thinner than that of Keppel Land, given ppty prices have fallen at least 5% since then
Junction Nine and Nine Residences have been granted TOP. 25% payment should work out to over $100 million of cash inflow, or over 1/4 of CES market cap.