Posts: 212
Threads: 4
Joined: Sep 2014
Reputation:
8
Ces hit 80 cents. Anyone q at 80 cts? I took some at 80.
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
Posts: 156
Threads: 3
Joined: Jan 2011
Reputation:
8
TM - so long as you dun hear any news, it's already good news !!
what news you all expecting ??,
its a overseas project, so no recognition until completion..
...even if got fantastic news, also no diff to Qtrly results... until completion.
only exception, yes - if they also divest off entire development site altogether! lol
below status valid as at end-Apr2015 (coz its notes from recent AGM)
Alexandra Hotel: will be revalued in Dec2015... even though its part of PP+E, they will revalued annually.
Alexandra Retail Mall: though TOP last year, Mall is still empty coz most "shops buyers" are Investors !!!,
and as cost of labour is high, shops unlikely to open for business until Hotel is up and running.
J9+Nine Residences (99% sold).. will TOP either in Dec2015 or Jan2016
CES Fernvale Projects :
will be launched as one single huge project (1399 units) to achieve cost economies
strategy is to drive all sort of fixed costs as low as possible !!, and will be pricing project to move sale.
likely to launch in Q3 or Q4.
CES: Fulcrum (at Fort Road): to relaunch in H2, so far ave selling price achieved for Fulcrum = $2000 psf
CES Australia's projects
( i ) Tower Melborne: Completion delay and will missed Sep2018 deadline,
when project obtained "TOP" and ask buyers to take delivery, and in event Buyers dun take possession,
under normal circumstances, Company can sue them, but most developer will just forfeit the 10% deposits instead of suing the buyers....
but because of the delay.... CES will NOT be able to forfeit the 10% deposits for TM project, but no other liabilities.
( ii ) Selling off vacant devt site (w Planning Permit) at 170 Victoria St, Melbourne for A$64.8m; Settlement Dte=26Mar2016
=> one year completion timeline is quite common in Australia
=> reason for CES divestment is becoz of TM delay, resulting in "crash of workloads / devt financings"...so divesting to concentrate on TM project and reduce risks.
Posts: 3,809
Threads: 5
Joined: Mar 2011
Reputation:
14
Does anyone have any idea to what extent would hotel operations drag down overall performance?
It seems that there might not be enough guests to even cover the fixed costs of running.
Is this demand risk on CES or on Park Royal Group?
Tks.
___________
CES has started buying back its shares again.
745,000 shares at ave ~79.5 cents.
(04-06-2015, 01:17 PM)vesfreq Wrote: Ces hit 80 cents. Anyone q at 80 cts? I took some at 80.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Posts: 3,809
Threads: 5
Joined: Mar 2011
Reputation:
14
If CES drops to 50 cents, should buy even more
(06-06-2015, 09:15 PM)BlueKelah Wrote: (04-06-2015, 01:17 PM)vesfreq Wrote: Ces hit 80 cents. Anyone q at 80 cts? I took some at 80.
solid man, interest rate rise coming soon still so gungho with property counter?
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Posts: 212
Threads: 4
Joined: Sep 2014
Reputation:
8
(06-06-2015, 10:57 PM)Curiousparty Wrote: If CES drops to 50 cents, should buy even more
(06-06-2015, 09:15 PM)BlueKelah Wrote: (04-06-2015, 01:17 PM)vesfreq Wrote: Ces hit 80 cents. Anyone q at 80 cts? I took some at 80.
solid man, interest rate rise coming soon still so gungho with property counter?
Thats the point.
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
Posts: 52
Threads: 0
Joined: Jul 2014
Reputation:
0
Williamsons Estate Apartment site application.
"It is proposed to develop a part five-storey apartment building with semi-basement
car parking and an attached row of eight, two-storey dwellings over four lots
(4373m2) on land known as 154 – 166 Williamsons Road, Doncaster. The apartment
building proposes a yield 64 dwellings consisting of a mixture of one and two
bedroom apartments. The row of eight attached dwellings orientated to Henry Street
will be all two-bedrooms. The basement car park will provide for 74 car spaces for
residents, including the row of eight dwellings. No provision for visitor car spaces will
be provided within the basement. Four visitor car spaces will be provided within the
forecourt and six indented car spaces will be created on Henry Street.........
It is recommended to not support the application, as it has failed to comply with the
Manningham Planning Scheme and the development does not constitute orderly
planning."
Posts: 3,809
Threads: 5
Joined: Mar 2011
Reputation:
14
16-06-2015, 08:32 PM
(This post was last modified: 16-06-2015, 08:32 PM by Curiousparty.)
Baseline of 4 cents dividend at least secured for next 2 years. >5% yield at current price level. Has value emerged after the 21% drop from the recent high of 98 cents to today's 77.5 cents??
EPS forecast for FY2015
1. Nine Residence and Junction 9 = ~ 12 cents
2. Construction Income = ~ 4 cents
3. Fulcrum = ~ 2 cents
4. Investment properties = ~ 0 cents ( assuming hotel operation would drag down EPS as it takes a few years before rooms can be filled up)
Total EPS = ~ 18 cents
Hotel Revaluation Gain = ~ 25 cents (conservative)
NAV at the end of FY2015 = $1.20 - $0.06 cents (dividend) + $0.25 (hotel revaluation gain) + $0.18 cents = $1.57.
Current share price = $0.775 or 51% discount to year end NAV!!!! (as of 16 June 2015)
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Homepage
PR Newswire
