| Latest Forum Topics / OUE Last:1.07 -- |
 Post Reply
|
|
CityDev
|
|||||
|
WanSiTong
Supreme |
27-Feb-2014 23:11
|
||||
|
x 0
x 0 Alert Admin |
NAV : $ 3.18 |
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
27-Feb-2014 22:56
|
||||
|
x 0
x 0 Alert Admin |
OUE achieves healthy cash position of S$730.6 million ? Achieves positive contributions across Group?s business and operations ? Recommends final cash dividend of 2 cents per share, bringing the total cash dividend for FY2013 to 23 cents per share ? Distribution in specie of company-held OUE Hospitality Trust (?OUE H-Trust?) stapled security pursuant to the listing of OUE Commercial REIT (?OUE C-REIT?) |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
WanSiTong
Supreme |
27-Feb-2014 22:45
|
||||
|
x 0
x 0 Alert Admin |
In FY 2013, the Group recorded a total revenue of $436.6 million (FY 2012: $418.0 million), an increase of $18.6 million (up 4.5% year-on-year) over the previous financial year. The increase in Group?s total revenue was mainly due to higher revenue recognised by the Property Development division. Gross profit decreased by 11.2% due largely to lower occupancy at OUE Downtown (previously known as 6 Shenton Way) which is currently undergoing enhancement work and these were partially offset by contributions from US Bank Tower acquired in June 2013. The sale of the 2 China hotels in September In FY 2013, the Group recorded ?other losses? of $50.2 million (FY 2012: ?other gains? of $32.5 million). The ?other losses? comprises mainly of net fair value losses from investment properties and the loss on disposal of the 2 China hotels in September 2013. At post-tax level, the Group had a loss attributable to the Group of $36.6 million in 2013 as compared to a profit of $90.1 million in 2012. The decline was mainly due to net fair value losses on investment properties of the Group. These are non-cash items. The Group?s business and operations continue to have a positive contribution to the Group. The Group ended the year with a consolidated cash balance of approximately S$730.6 million and is |
||||
| Useful To Me Not Useful To Me | |||||
|
noslen
Veteran |
27-Feb-2014 22:41
|
||||
|
x 0
x 0 Alert Admin |
I am heavily vested too but the result and dividend just don't look impressive.... think need to hold long term till OUE Towers renovation are completed.
And by the time we can sell OUE HT on open market, not sure if the price has fallen below 80cts. Also, since the record date for OUE HT dividend is on 3 or 5 march, we will also missed out on this dividend too. just my thoughts. |
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
27-Feb-2014 22:22
|
||||
|
x 0
x 0 Alert Admin |
Lai Liao.........Huat arh! FURTHER DETAILS ON THE DISTRIBUTION IN SPECIE OF STAPLED SECURITIES IN OUE HOSPITALITY TRUST 1 OUE HT share for 6 OUE shares held Book closure date : 20 Mar 13 http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementToday& F=1063430& fileId=Further_Details_On_The_Distribution_In_Specie_of_Stapled_Securities_in_OUEHT.pdf
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
WanSiTong
Supreme |
27-Feb-2014 16:55
|
||||
|
x 0
x 0 Alert Admin |
I sense good news coming........Lol | ||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
27-Feb-2014 16:52
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
limkee
Member |
10-Feb-2014 19:45
|
||||
|
x 0
x 0 Alert Admin |
Result should be bad, if not why drop so much. I also stuck with a few lots, now become " long term investor" of OUE 
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
noslen
Veteran |
10-Feb-2014 18:32
|
||||
|
x 0
x 0 Alert Admin |
Dropped so much lately... result must be really bad. | ||||
| Useful To Me Not Useful To Me | |||||
|
coolsan
Member |
07-Feb-2014 14:43
|
||||
|
x 0
x 0 Alert Admin |
sell when rebound.. | ||||
| Useful To Me Not Useful To Me | |||||
|
jiejie
Member |
06-Feb-2014 19:56
|
||||
|
x 0
x 0 Alert Admin |
will it drop more? seems like OUE is becoming an empty shell since it is aggressively recycling its assets. Hope that it buys a few properties soon. | ||||
| Useful To Me Not Useful To Me | |||||
|
noslen
Veteran |
06-Feb-2014 12:25
|
||||
|
x 0
x 0 Alert Admin |
Thanks for sharing LansfordLoo. Shall hold on to it and decide after the FY results which I think should be around the corner. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
LansfordLoo
Member |
29-Jan-2014 07:49
|
||||
|
x 0
x 1 Alert Admin |
yes. the announced proposal 1 for 6 distribution is for OUE HT. our earlier analysis spells out the potential situation if OUE does the same for OUE CT, emulating their strategy for OUE HT. which is thus our anticipation and of course may not happen. (apologies for not making this clear). In either case, regardless of whether OUE does only HT dividend or both CT & HT dividend, both will reduce the NTA of OUE. and the announcement of approval of either of the dividend should not fundamentally be viewed as a positive for the stock just on the merit of the declared dividend itself (see our earlier post). Unless you feel that OUE is correct to reduce exposure to both its Hospitality and Commercial property assets on its own balance sheet, then perhaps, you will view the proposed dividends as a positive for OUE. === Our Links=== for more analysis on different stock please visit: our fanpage: https://www.facebook.com/AcaciaTradingSingapore our blog: http://lansfordloo.wordpress.com/ and like our page. Thanks! ===About Us=== Acacia Trading is a Preeminent Training Institution that aims to provide financial freedom to its students through its unique and proprietary training methodology. We utilize events-driven fundamental analysis that teaches our students how to capitalize on both long and short views on opportunities to maximize gains. ===Disclaimer=== Disclaimer: We do not hold shares in the stocks that are listed in our ideas unless specifically stated. The recommendations stated above are general recommendations and may not be suitable for your portfolio. Please contact your financial adviser prior to taking action on the ideas above. All ideas are provided for discussion purposes only. We will not accept any liability for losses that are sustained as a result of you following our ideas. The ideas are provided on a good faith basis, please conduct your own due diligence on the ideas prior to taking action. We iterate that we are a training academy and are only bound to our students who we have an express contract with. That said, please free feel to comment and discuss on the ideas above. Cheers, Acacia Trading.
|
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
28-Jan-2014 15:27
|
||||
|
x 0
x 0 Alert Admin |
Yes, you r right .it's 1 for 6 distribution for UOE HT.
|
||||
| Useful To Me Not Useful To Me | |||||
|
noslen
Veteran |
28-Jan-2014 14:24
|
||||
|
x 0
x 0 Alert Admin |
Isn't the 1 for 6 distribution for H-REITs rather than C-Reits? | ||||
| Useful To Me Not Useful To Me | |||||
|
LansfordLoo
Member |
28-Jan-2014 11:30
|
||||
|
x 0
x 2 Alert Admin |
1-for-6 distribution not certain. if announced, it will further impact NAV of OUE. C-REIT's mkt cap is S$692.8m, OUE's stake is 45% or 14% of OUE mkt cap. If we assume 100% stake, it represents 32%. either way you see it, this is an exercise for OUE to reduce exposure to its Commercial Properties. If this is indeed so, then we view this exercise as an expensive way for OUE to monetize their properties. They paid underwriting fees, issued units at 24% discount, paid special dividends to entice shareholders to continue to hold their shares, etc see the 1-for-6 as negative for OUE C-REIT, as sponsor seeks to force down more units to its shareholders. the purpose of the distribution exercise, if announced, can't be to reward shareholders due to strong performance of the company, because selling its commercial property assets at discount to NAV of c.24% to market does not warrant shareholders getting a dividend for their support... from a fundamental basis declaring dividends SHOULD NOT increase share price. because the value of the dividend is embedded IN the share price already. but after PAYING the dividend, the share price will decrease because the assets are PAID OUT of the company. so on the assumption that OUE pays S$0.133 = $0.80/6 in dividends, plus the NAV loss of c.S$0.10 on listing, OUE NAV will drop S$0.233 next quarter after dividend ex-date. just our thoughts. === Our Links=== for more analysis on different stock please visit: our fanpage: https://www.facebook.com/AcaciaTradingSingapore our blog: http://lansfordloo.wordpress.com/ and like our page. Thanks! ===About Us=== Acacia Trading is a Preeminent Training Institution that aims to provide financial freedom to its students through its unique and proprietary training methodology. We utilize events-driven fundamental analysis that teaches our students how to capitalize on both long and short views on opportunities to maximize gains. ===Disclaimer=== Disclaimer: We do not hold shares in the stocks that are listed in our ideas unless specifically stated. The recommendations stated above are general recommendations and may not be suitable for your portfolio. Please contact your financial adviser prior to taking action on the ideas above. All ideas are provided for discussion purposes only. We will not accept any liability for losses that are sustained as a result of you following our ideas. The ideas are provided on a good faith basis, please conduct your own due diligence on the ideas prior to taking action. We iterate that we are a training academy and are only bound to our students who we have an express contract with. That said, please free feel to comment and discuss on the ideas above. Cheers, Acacia Trading. |
||||
| Useful To Me Not Useful To Me | |||||
|
KepoChicken
Master |
28-Jan-2014 10:19
|
||||
|
x 0
x 0 Alert Admin |
no use ppl dun like what to do
|
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
28-Jan-2014 09:37
|
||||
|
x 0
x 0 Alert Admin |
Overseas Union Enterprise- Potential 14% special dividend payout following the listing of OUE C-REIT. (OUE SP/BUY/S$2.39/Target: S$3.04) FY14F DPU Yld (%): 8.8 FY15F DPU Yld (%): 1.7 6.3% special dividend in sight. OUE has announced a one-for-six distribution in specie of OUE Hospitality Trust (OUE H-Trust), equivalent to S$0.15 dividend or 6.3% yield, contingent on the divestment of OUE Bayfront to OUE Commercial REIT. OUE will retain 33-35% of OUE H-Trust post divestment, down from 45% currently. With the successful divestment and listing, OUE will likely announce the special dividend within the next quarter. Maintain BUY with a lower target price of S$3.04, pegged at a 30% discount to our
|
||||
| Useful To Me Not Useful To Me | |||||
|
LansfordLoo
Member |
27-Jan-2014 17:28
|
||||
|
x 0
x 0 Alert Admin |
NAV per share of OUE C-REIT: $1.02 (unaudited Dec 2013) Issue Price: $0.80 (discount of 21.8%) Loss to sponsor, OUE on per share basis: -$0.10 Essentially, OUE trying to sell apart of their assets to the market cheaply. Thus this is the key reason why OUE drops. So why did OUE C-REIT drop? Reason why investors would buy REIT? For stable yields. Lets look at the yield quality of OUE C-REIT: 1. REIT manager: OUE. Can OUE get more properties for the REIT at discounted prices or get more yield accretive properties to justify the 0.3% base management fee + 25% performance fee? 2. Can OUE C-REIT sustain the 6.8% yield they claimed on the front page of the prospectus? (see pg 42) without income support the yield drops to 5.56% (see pg 85) net income S$32, but pay S$47m in distribution using unit-holder contributions? what you pay for, they just return it straight to you? [note: stable yield prob only 2-3%] stabilizing manager? or price support manager? c.5% of the units can be utilized in stabilization. looks like if you're participating the IPO, you are banking on the work of the stabilizing manager. for more analysis on different stock please visit: our fanpage: https://www.facebook.com/AcaciaTradingSingapore our blog: http://lansfordloo.wordpress.com/ and like our page. Thanks! Acacia Trading is a Preeminent Training Institution that aims to provide financial freedom to its students through its unique and proprietary training methodology. We utilize events-driven fundamental analysis that teaches our students how to capitalize on both long and short views on opportunities to maximize gains. Disclaimer: We do not hold shares in the stocks that are listed in our ideas unless specifically stated. The recommendations stated above are general recommendations and may not be suitable for your portfolio. Please contact your financial adviser prior to taking action on the ideas above. All ideas are provided for discussion purposes only. We will not accept any liability for losses that are sustained as a result of you following our ideas. The ideas are provided on a good faith basis, please conduct your own due diligence on the ideas prior to taking action. We iterate that we are a training academy and are only bound to our students who we have an express contract with. That said, please free feel to comment and discuss on the ideas above. Cheers, Acacia Trading. |
||||
| Useful To Me Not Useful To Me | |||||
|
noslen
Veteran |
27-Jan-2014 14:30
|
||||
|
x 0
x 0 Alert Admin |
The REITs debut really cannot make it and mother share also dropped like nobody business. | ||||
| Useful To Me Not Useful To Me | |||||