| Latest Forum Topics / Stamford Land Last:0.37 -- |
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Stamford Land rebound from 18.5 cents
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jamesng
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24-Dec-2010 15:51
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For me, I am queueing to buy more as I think since OCK has brought so much on the market and I think he will prepare for his son to take over.... This development will increase the value of its hotels a lot and when the residential start recognise the profit. thing will look good....why worry on someone that has proven to treat retail shareholder well........ Aust will do well in the next few years due to mining, education and tourism...all seems looking good........3 of aust cities are one of best livable cities in the world and yet at interest rate so high, their properties market still doing well...........if you think singapore still can have a good property market if interest rate is around 5%, think again........ |
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letsmakemoney
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24-Dec-2010 09:10
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Hi james, but as u know, most of the time, for stamford land, they like to announce this plans that plans but in the end nothing concrete materialise. would be real good news if something concrete happens. as the saying goes. "talk is cheap. action speaks louder than words". i have cut my vested interest in this co. liao. just my 2 cts. |
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jamesng
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23-Dec-2010 23:27
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Extremely good news for stamfordland FOR IMMEDIATE RELEASE STAMFORD ANNOUNCES PLANS FOR THE POSSIBLE REDEVELOPMENT OF ITS PROPERTY AT NORTH RYDE, SYDNEY Clarification to article “Hotel to go in Sydney proposal” published in The Australian Financial Review on 20 December 2010 Possible re-development of the property located at North Ryde, Sydney is part of the on-going strategy to optimize yields for the Group’s assets SINGAPORE, Wednesday, 22 December 2010 - Stamford Land Corporation Ltd (“Stamford”), Australasia’s largest independent owner/operator of luxury hotels and developer of top-tier, landmark residential and commercial properties, today announces plans for the possible re-development of its existing property at North Ryde, Sydney (comprising the freehold 22,000 square meter site on which 257-room Stamford Grand North Ryde hotel is located). This announcement clarifies the article “Hotel to go in Sydney proposal” published in The Australian Financial Review on 20 December 2010 (copy attached). Stamford’s Chief Operating Officer Mr Tay Lai Wat explained, “We kick-started the re-development concept plan and are in early stages of seeking an application for approval with the relevant authorities, for the possible re-development of our existing property at North Ryde, Sydney. As part of our on-going strategy to optimize yields of the Group’s assets, we actively consider re-development opportunities of our prime landmark properties, taking into account optimal pricing and market conditions. Our North Ryde, Sydney property is no exception.” Mr Tay observed, “The matters mentioned in the press article (such as the development parameters and approval conditions) seem premature, as these are the subject of on-going applications and consideration by the relevant authorities. For example, the reference to “a A$175 million redevelopment” is inaccurate, as we anticipate the value of the completed development to significantly exceed that figure.” Mr Tay added, “We also value the business and goodwill of The Stamford Grand North Ryde, that has been built up with our customers over the years. As we progress with assessing the viability of the proposed re-development opportunity, we are also looking to acquire an alternative site in the North Ryde office park precinct, to take over and to build on the existing business and goodwill of The Stamford Grand North Ryde. | ||||
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jamesng
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18-Dec-2010 21:29
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Hi, Thanks for your answer. I believe aust will continue to do well in the next 5 years which will in turn help sl....do you know if there are other developments for sl???
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jamesng
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05-Dec-2010 21:10
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most important is the sale of 2 residential are fully sold in Sydney and profit recognition is soon..... besides, the sale of office and or hotels will unlock shareholder value.... or the hotels will be listed as reit...ock try to buy a hotel in singapore but lost, else he would already list all his hotels in a reits...in any ways, he will unlock shareholder value as in Singapore Shipping and Courgar......I have faith in him..... |
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enghou
Senior |
03-Dec-2010 19:29
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Worthwhile taking a look at this stock Reasons: (1) Chart pattern looks nice to me. (2) The boss, Ow Chio Kiat has been accumulating the stock at 57 cents lately, though this is not the main reason to be 'hot' on this stock (3) Most important is corporate track record of Ow Chio Kiat is all along good because the things he did in the past so far has helped to boost shareholders value (4) Ow is also preparing for his son, Ow Yew Heng, to eventually takeover the company, my gut feel is he shouldn't do anything stupid to damage the company if he is grooming his son to be the successor. (5) Tourism business in Australia, New Zealand and Singapore should continue to do well in 2011, in line with continued economic recovery Wish everyone here a nice weekend |
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jamesng
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27-Nov-2010 00:27
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Don't let the BBs buy at low price for this gem....sale of hotels and office is already more than $1 and recognize from the residential sale will start soon.....a gem in the making.... | ||||
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iPunter
Supreme |
21-Nov-2010 14:31
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In the stock market, Not losing is already winning...  |
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rabbitfoot
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21-Nov-2010 14:20
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LOL . Wonder why he did not reveal that one stock he bot at 0.44 and now 0.005 !
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chinton86
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21-Nov-2010 14:08
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Today got 1 haolian guy in ST say he got few hundred lots of SLC average 31 cents, osim blablabla.... When ask about which is his bad investment he say got "ONE". Win talk so much, lose dun dare say. | ||||
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jamesng
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19-Nov-2010 21:56
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OCK buy again on 16 Oct....I think something is brewing..do check out sgx web site..... | ||||
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jamesng
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16-Nov-2010 22:17
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OCK bought 117 lots in open market yesterday at 57 cents - 15 Nov 2010. Not to forget profit from leasing the office and improve occupancy and room rate for the hotels.....beside recognition from the sale of units... Wonder if they had buy more lands for development...I think the office in perth is a great success......Aust should continue to do well due to comodities boom and their migration policy.....look at the number of permanent residents and overseas students Aust have........................ |
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shplayer
Elite |
13-Nov-2010 00:24
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STL current financial year is FY2011 and is from 1 Apr10 to 31 Mar11. So, Ow's statement that profits from the property development in Sydney will be reflected in FY2012.....means from 1Apr2011 to 31Mar2012......so, the earliest it will be booked is from 1April 2011 onwards (not next Q). But, it being in Aussieland, be prepared for delays in. FYI Generally 2Q11 was an improvement on 1Q11. Stripping aside revaluation gains on Dynon Plaza (which is non cash) Q on Q, Hotel revenue improved +7.1% and operating profit +30% Overall, Q on Q, 2QRevenue was +13.5% and operating profit +45%. Credible set of results.
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jamesng
Veteran |
12-Nov-2010 21:53
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result announced.....look like next quarter will be even better with recognition from completion of The Stamford Residences and Reynell Terraces in Sydney......The investment properties are getting more and more valuable which mean higher price for the hotels and office :) Stamford Land Corporation Ltd reported on Friday that its net profit for the fiscal second quarter ended September 30, 2010 was S$44.33 million, up 329.8 per cent from S$10.31 million a year ago. The company, a property and hotel owner benefited from a S$47.27 million gains on the fair value of its investment properties this quarter. Revenue was down 0.3 per cent at S$110.70 million. 'Looking ahead, the completion of The Stamford Residences and Reynell Terraces in Sydney, will contribute significantly to the group's profits, for FY2012,' Stamford's Executive Chairman CK Ow said |
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jamesng
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08-Nov-2010 22:32
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up 2 cents today..............OCK sure will unlock the value just like his 2 previous companies.... A$ strength is very good for stamfordland....1 to 1.30+ now.... Sale of Auckland 50 units while 55 units on lease..should be good......while the sydney one fully sold......lease of perth office should be good.....hotel occupancy and rate is set to improve in 2011 and 2012...... But of course, most important is the sale of the office and office...should be more than last offer if they are sold...... Fundamental, if compared to guocoleisure, gl has better fundamental and both stocks are purchased by insider heavily with gl has the potential to get privatise.....but sale of OFFICE in perth and HOTELS in Aust and New Zealand will set the stock price flying....
Should keep both until value unlock...
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tonylim2
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27-Oct-2010 00:38
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Fully agree if OCK unable to unlock the value of SL, share price will not appreciate much. Vested also.
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shplayer
Elite |
26-Oct-2010 23:49
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Sorry, typo in point 1 Can't tell what cpaital gain...... ....where they are able to increase room rates..... |
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shplayer
Elite |
26-Oct-2010 23:44
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1. the sale of the hotels Can tell you what capital gain if hotel biz is sold. But consider this.....for FY08, operating profit for hotel was AUD37.07m (using FX rate then of AUD/SGD 1:1.2637). The pension fund offered AUD850m....this is a ROI of 4.36% (based on operating profit). The ROI based on net profit will be lower.....in the region of 2-3%.....to me, the numbers don't justify the cost. Yet, at AUD850m, OCK was reluctant to sell. Whilst the hotel occupancy has improved in 2010, it is not at a level yet where thy are ale to increase the room rates...(quoted by an co. exec during off agm discussion end July). I am not sure if the situation has changed. DP has been revalued at AUD130m.....giving a 'paper gain of 4.2c per share? They were offered AUD134m.....but OCK didn't want to sell. So, for every AUD10m>AUD130, the capital gain will be approx 1.48c per share....before tax. Revenue and profit will be recognised when the development receives its equivalent of our TOP. This is abit of a disappointment. When it was being developed, I recall OCK saying that this is sure to make $$$ cost land is free. Co. is leasing out the apts they have not sold....and will hold it till they can get better price for it. ?????? Currently think they only have the corporate office premises in Southern Building? The land at pasir panjang was sold earlier this year.
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jamesng
Veteran |
26-Oct-2010 21:43
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I believe you should be more familiar than me with stamfordland...can I check with you what are the potential windfall expected for SL 1. the sale of the hotels 2. the sale of the office in perth 3. sale of stamford residence in sydney is almost completely sold out...when will the profit recognise or already recognise... 4. how is the sale of stamford residence in auckland??? 5. Any other??? 6. Properties in Singapore worth any $ |
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shplayer
Elite |
26-Oct-2010 18:51
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The average eps and yield are derived from the past 5yrs from FY2010 and back. The data is clearly featured is the latest AR. As you will notice, its eps performance is lumpy....ranging from 5.0c to 0.5c. This is partly due to the quirky way the aussies book their development profits. As for the 4.4c profit reported for 1Q 2011, most of it is due to the revaluation of Dynon Plaza (think its about 4.2c)which is non cash. Fully agree with you that, baring unforeseen circumstances, FY2011 will be a good year, operational wise. I also believe that Chmn Ow's recent purchase of STL is also a signal to the market about something brewing.....perhaps sale of DP (then the 4.2c will be cash profits)???, perhaps interim div???? Don't get me wrong, I am vested......but what I was trying to point out is that, unless OCK can find ways to unlock the value of STL (read as 'improve NAV'), the price of STL is not going to soar to reflect its true NAV.
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