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Orchard Parade - To be Privatised
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rabbitfoot
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25-Jun-2012 11:56
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A Big Thank you to Prof Sebastian for picking the Orchard Parade as a Winner Months ago. Dumped all my cpf money into it ! |
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rabbitfoot
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02-Aug-2011 14:21
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Up 4.4 % today, More, much More to come ! |
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rabbitfoot
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02-Aug-2011 12:47
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expecting results with some juicy news by 7 Aug. Big boys must have known, seeing the price upswing today. This bloke owns half of Yeo Hiap Sent. When privatised, its goodies galore. Expect a Big Winter melon and rainin' Soya Beans. RNAV is more that 3 dollars. |
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susan66
Master |
02-Aug-2011 12:23
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Waited 1 week finally cheong to new high $1.81! Looks like just starting. 
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waterfalls
Senior |
18-Jul-2011 13:57
Yells: "Investing is calculated risk, patience n luck" |
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Assuming scenario that FE privatises OPH, what would be the exit price? The group's NAV is $2.80. Its investment properties are worth $168m and property, plant and equipment $691m totalling $859m or 86% of NAV of $989m. I have not looked into why the books differentiate the 2 items separately and what constitutes them. My back of the envelope calculation put the offer price at about $1.95 based on $691m and $2.40 based on $859m and number of issued shares of 353 million. This is not including any premium that may be placed on it. The discussions are still preliminary so u need to do your own due diligence as usual 
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waterfalls
Senior |
18-Jul-2011 13:34
Yells: "Investing is calculated risk, patience n luck" |
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KIM ENG: 15/7/11 New REIT in the making – Another property stock enters the spotlight. A news report today revealed that private developer Far East Organization (FEO) is said to be planning to raise at least $500m through the listing of its hotel and serviced residence assets in a REIT as early as next year. What is interesting is that one of the assets to be spun off into the REIT is Orchard Parade Hotel, owned by FEO’s listed entity, Orchard Parade Holdings (OPH). In fact, in a statement last evening, OPH confirmed that it is in preliminary discussion with FEO over the injection of assets into the REIT. Other assets owned by OPH include Albert Court Village Hotel near the upcoming Rochor MRT Station, and Central Square Village Residences along Havelock Road. Both would fit the REIT’s profile well. A possible scenario is the privatisation of OPH before the formation of the REIT next year. This is because the hospitality assets are worth an estimated $500m collectively, and that already makes up 90% of OPH’s current market capitalisation. We had earlier identified Orchard Parade as a potential privatisation target on the premise that the stock trades at a large discount to book and has substantial shareholders with deep pockets |
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rabbitfoot
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18-Jul-2011 13:07
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Saw Kim Eng report with max 5 red hot chilis today. Dumped all bullets in. Should have listened to Prof Sebas. years ago. This OParade is massive in terms of NAV & privatization will bring enormous value. Buy before its too late. |
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