Chip Eng Seng

don't understand...next announcement is coming soon, which I think will be positive
why share price is still at 90cts and not higher, still near the company buy back price..

Only the. Buy back is supporting price lah, people afraid of risks like interest rate increase, high debt, project delayed, etc. Those like curiousparty who are confident have already ALL IN at cheaper prices and waiting for the possible 1.5 Rnav to materialise.

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(01-10-2014, 11:37 AM)Curiousparty Wrote: Share price still stubbornly high ... Want it to drop more also hard ....

I hv been following this thread. Why do u want the price to come down, since u are vested? Care to shr?

Share price drop will flush out all the weak holders and those with weak wills (e.g. buy for short term profit of say 10 cents).

Once all these weak holders have been flushed out, CES will easily propel to $1.20 ~ $1.50, supported by real book NAV and not "RNAV".

CES share price has been volatile probably due to too many "short term traders"...

Just to share a bit more. Between CES and Hiap Hoe, both have similar level of RNAV at ~$1.60. (For CES $1.60 RNAV did not include all overseas projects.).
But the pace at which CES will reach the RNAV of $1.60 will be much faster, probably by mid next year when Alex Hotel TOPs.

When will Hiap Hoe reach its RNAV of $1.60?

(01-10-2014, 03:54 PM)yewkim Wrote: I hv been following this thread. Why do u want the price to come down, since u are vested? Care to shr?

(01-10-2014, 04:03 PM)Curiousparty Wrote: Share price drop will flush out all the weak holders and those with weak wills (e.g. buy for short term profit of say 10 cents).

Once all these weak holders have been flushed out, CES will easily propel to $1.20 ~ $1.50, supported by real book NAV and not "RNAV".

(01-10-2014, 03:54 PM)yewkim Wrote: I hv been following this thread. Why do u want the price to come down, since u are vested? Care to shr?

OIC, thanks for sharing unselfishly. I am vested at 806, only 10 lots.

At current price level which is still very close to company's share buyback price, it is very safe to load.

We need to know that the company people know best as they are the ones running the company.

Why would they want to spend more than $5mil of cold hard cash to buy back shares? this is the fundamental question u need to ask yourself.

Once u have the answer inside u, u will be very confident, no matter how much "cold water" other people want to pour on CES

Today CES is back at ~91 cents.

Will Hiap Hoe price reach its NAV faster than CES? They should have a bumper increase in earnings and NAV for this financial year due to the acquisition of Super Bowl

jjlim84 Wrote:don't understand...next announcement is coming soon, which I think will be positive why share price is still at 90cts and not higher, still near the company buy back price..

upcoming q3 eps is around 10 cents .nothing exciting.

The more exciting results will be the Q4-2014, estimated EPS ~ 20 cents;
and Q2-2015 when Alex Hotel is commissioned. NAV for Q2-2015 might increase by more than 30 cents in one quarter alone.

<extract from Straits Times>
10-Oct-2014
SINGAPORE - Property group Chip Eng Seng Corporation has priced its $150 million worth of fixed rate notes due in 2017 under its $500 million multicurrency debt issuance programme. The final order books were in excess of $600 million, which allows the group to take advantage of the strong demand to price the new issue at 4.25 per cent, 25 basis points inside of the initial price guidance. The issue drew strong demand from Singapore-based investors comprising private banks, fund managers, banks and corporate bodies, The notes will be issued in the denomination of $250,000 and will have a tenor of three years from their date of issue, tentatively set for Oct 17

Hi buddies,

Any one have an idea why the new borrowings even though there will be new Cash inflow in the coming quarters for the coming launches? Sorry, if I missed out anything.