26-06-2012, 09:25 PM
I looked at Mandarin Oriental recently. Attach my personal research.Maybe some of us will find it useful. [attachment=284]
26-06-2012, 09:25 PM
I looked at Mandarin Oriental recently. Attach my personal research.Maybe some of us will find it useful. [attachment=284]
26-06-2012, 10:57 PM
wow..that a professional report..r u a analyst by training? didn't know m.o. is owned by Jardine Group plus i wonder if u have more info on Neptune Investment Management Limited? is this entity related to that Neptune group listed on HKeX?
Also, I heard of haunted stories about Excelsior.
Wow. Good stuff Choon. Thanks for sharing.
pianist - Neptune is a fund manager from the UK. Check out http://www.neptunefunds.com/Navigate.asp...-Investors The MO shares are held by various funds that they manage. http://www.investegate.co.uk/article.asp...933280503D 1 qn. why do you consider the yield at US$1? is that your price target? I have stayed at The Excelsior. Good thing I didn't see anything!
27-06-2012, 09:21 PM
(27-06-2012, 12:06 AM)valuenewb Wrote: Wow. Good stuff Choon. Thanks for sharing. Hi valuenewb I think US$1 will be a price where I will be comfortable accumulating and owning it as a business owner, in the event that stock market closes for the next five years. That's my personal approach to valuing stocks. I am comfortable with US$1 because I think I have been fairly conservative with my forecasts.
05-07-2012, 11:16 PM
Hi choon,
I enjoyed reading yr report. Very comprehensive and informative. Can I say that you are not vested yet? Do you have a blog that features other counters of yr interest?
18-07-2012, 09:43 PM
(05-07-2012, 11:16 PM)oinkoink1999 Wrote: Hi choon, OinkOink Thank you. Glad you enjoyed it. I bought about a quarter of the amount I would like to eventually own, about 1 month ago, after I finished this analysis. Was afraid that the price and stock would run away I do not have a blog. But if and when I finish any other analysis on other stocks, I would post it in valuebuddies. Its good to hear views here, unfortunately not many seem to be interested in MAND SP.
27-08-2014, 02:40 PM
why is this counter so unpopular here?
they have very strong fundamentals. Consistently positive FCF and near 100% dividend payout. Undisputedly very strong branding given high net margin and ability to increase room rates every year without harming occupancy rate. They are also switching towards asset-light model with more sales will come from hotel management (no need to spend on capex and depreciation). There is a potential for dividend increase given higher FCF and margin expansion. any opinions?
27-08-2014, 03:22 PM
(27-08-2014, 02:40 PM)rickytj Wrote: why is this counter so unpopular here? Very illiquid. I look upon this as an asset play (Earnings-wise, it is cyclical as we can expect from hotels businesses). Just look at the properties it holds. The freehold ones are mostly in prime city centre location. Latest adjusted NAV is USD 3.05. Simply based on this, current mkt price is 58.5% of NAV. Rather decent margin of safety i think. Question is whether value will be eventually realised? Put it another way, does the controlling family intend to eventually privatise the company? Or go asset-light and distribute the proceeds back to shareholders (as what Intercontinental Hotels Group is doing?) Not a call to buy or sell.
06-03-2015, 10:41 AM
Mandarin Oriental to raise up to US$316 million through rights issue
By Frankie Ho / theedgemarkets.com | March 6, 2015 : 9:51 AM MYT Share on facebookShare on twitter Printer-friendly versionSend by emailPDF version SINGAPORE (March 6): Mandarin Oriental International ( Financial Dashboard) is seeking to raise as much as US$316 million ($432 million) from a rights issue to pare debt and fund renovation work for a hotel in London. The hotel group will issue up to 250.9 million new shares at US$1.26 each on the basis of one rights share for every four ordinary shares held, it said in a regulatory filing. The rights shares are priced at a 28.4% discount to the stock's March 4 closing price and are 24.1% below the theoretical ex-rights price of US$1.66. They represent 25% of Mandarin Oriental's existing share capital and 20% of its enlarged share base. Part of the proceeds will be used for a planned £85 million ($177 million) renovation project for its Mandarin Oriental Hyde Park hotel in London. Jardine Strategic Holdings, Mandarin Oriental's controlling shareholder with a 73.45% stake, has agreed to take up its full entitlement and underwrite the exercise. A prospectus for the cash call will be published on March 12. Mandarin Oriental shares were down 0.8% at US$1.755 at 9:47am (0147 GMT).
06-03-2015, 06:04 PM
Any one can share share mandarin oriental Singapore hotel is sitting on freehold or 99 leasehold land? Google but have no luck finding this piece of information. Thank you.
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