(28-02-2015, 03:42 PM)Teletubby Wrote: [ -> ]Indeed.
"You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right—and that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else." -Warren Buffett
Cp is da man. Great sharing bro (or ermmm sis??)
For sure, i m leaning more towards your views.
Slow and Steady, I like your postings and thanks. I like to read different views and its good to hear from many sides. Can you care to post on KSH in the KSH thread as I am also tracking this counter and want to add more. I am also owning some LKH on your good recommendation. I also own CES too. Thanks in advance for posting on KSH if you do. I follow LKH thread too.
There will be a further positive implication from VCAT's cancellation of the application made by Colonial Range.
This will lift the tender bids for the land site at Victoria.
It goes to show that Planning Approval once granted should not and cannot be easily revoked as this will only destabilize the future market.
(03-03-2015, 05:18 PM)Ray168 Wrote: [ -> ]Good news on TM.
CES-QUEEN (VIC) PTY LTD - TOWER MELBOURNE AT 150 QUEEN STREET,
MELBOURNE, VICTORIA
The board of directors (the “Board”) of Chip Eng Seng Corporation Ltd. (the
“Company”) refers to the announcement dated 27 November 2014 on the
application made by Colonial Range Pty Ltd ("Colonial Range") to the Victorian
Civil and Administrative Tribunal (“VCAT”) to revoke the planning permit issued
to the Company’s wholly-owned subsidiary, CES-Queen (Vic) Pty Ltd. (the
"Cancellation Application").
The Board is pleased to inform that the Cancellation Application has been struck
out by VCAT on the basis that Colonial Range had no entitlement to object to the
said planning permit application and therefore had no standing to bring its
Cancellation Application which was misconceived and lacking in substance.
Submitted by Hoon Tai Meng, Executive Director on 3 March 2015 to the SGX.
NAV ~ $1.65 by end of 2015.
if don't buy back below $1, will need to spend more dollars later on
(04-03-2015, 07:14 PM)Ray168 Wrote: [ -> ]This is a new high. Pervious buy back is ~ 0.90.
Buy back due to TM resolution?
(04-03-2015, 07:01 PM)Curiousparty Wrote: [ -> ]Share buy back - 1060 lots at ave price of 97.5 cents
http://infopub.sgx.com/Apps?A=COW_CorpAn...9d9f75d92b
Looking at the record of previous share repurchases, the management has exercised a prudent approach - unless they believe that the shares are undervalued, they would not carry out the repurchase.
And this time, they are likely to be right again. The NAV of CES is set to swell in the coming years, and recurring income also set to increase significantly. In my view, investors are being too conservative in their valuations, and concerns such as the high gearing ratio appear overblown.
Barring any unforseen circumstances, time will reveal once again the competency of the management team.
Congratulations to all those still vested.
(Happily vested since 2010)
company did a good job on ethic.... they announce the positive news like HDB bid and the TM good news before buying back the share. this is what i like, and one of the reason why i bought this counter initially - transparancy!