04-10-2012, 09:41 AM
The point you make is recognised evilbdboi ............. but in one of the two instances where I was vested in a counter which embarked on a real estate sideline, the "part-timer" real estate investor was taken to the cleaners by his much more real-estate-savvy "full timer" JV partner. For BreadTalk ......the devil will be in the detail of the Joint Venture agreements with PCRT and the other partners ....... and IMHO much will depend on the effectiveness of the follow-up management of BreadTalk's interface with their new found real-estate-expert friends.
I am staying vested for the time being. Several analysts have put a target price in the S$ 0.75'ish range.
Vested
I am staying vested for the time being. Several analysts have put a target price in the S$ 0.75'ish range.
Vested
(04-10-2012, 09:03 AM)evilbdboi Wrote: [ -> ](03-10-2012, 12:19 PM)camelking Wrote: [ -> ]Mr George is probably tired of seeing his margin being squeezed by landlords year in year out...
So, he wants to be a landlord now.
Nothing wrong with this move!
But as a shareholder, if you want exposure to property, u may want to ride with property veterans rather than part-timer........
Just a note, Breadtalk is not going at it alone. Its an investment with numerous parties and their percentage of investment is just a mere 4%. One of the major shareholders in the development is Perennial in which their CEO is Pua who started the Reits in Singappore and was CEO of CapMallAsia in the 2000s. Based on his knowledge in China property environment, most likely breadtalk is tapping onto his expertise.