Latest Forum Topics /
Yoma Strategic
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YOMA
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tormater
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27-Jun-2014 09:48
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Still going down. What would be a good price to enter?
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ysh2006
Supreme |
26-Jun-2014 10:57
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Discount in right issue at 50% selling & Placement  price selling, therefore can think present price is expensive ?...
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tormater
Senior |
26-Jun-2014 09:47
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Shorties selling down? | ||||
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Atom99
Master |
26-Jun-2014 09:11
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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YOMA ANNOUNCEMENT
PROPOSED PLACEMENT PURSUANT TO EXISTING MANDATE 1. PROPOSED PLACEMENT PURSUANT TO EXISTING MANDATE 1.1 The Board of Directors (the ?Board?) of Yoma Strategic Holdings Ltd. (the ?Company?) and together with its subsidiaries, the ?Group?) wishes to announce that the Company has undertaken a placement exercise (the ?Placement?) subject to, inter alia, the approval-in- principle being granted by the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) for the listing and quotation of the Placement Shares (as defined below) on the SGX-ST. 1.2 At the Company?s annual general meeting held on 30 July 2013 (?AGM?), shareholders? approval for the issuance of shares and convertible securities was obtained pursuant to Rule 806 of the Listing Manual (the ?Existing Mandate?). Under the Existing Mandate, Directors may issue up to fifty per cent. (50%) of the total number of issued shares (excluding treasury shares) in the capital of the Company (as calculated in accordance with sub-paragraph (2) below) (the ?Issued Shares?), provided that the aggregate number of shares to be issued other than on a pro-rata basis to shareholders of the Company does not exceed twenty per cent. (20%) of the total number of Issued Shares. 1.3 As at the date of this Announcement, the Company has not yet utilised any part of the Existing Mandate. Accordingly, the Company intends to issue the Placement Shares (as defined) PLACEMENT UNDER EXISTING MANDATE 2.1 Maximum Number of Placement Shares Based on 1,157,118,215 Issued Shares (excluding treasury shares) at the date of the AGM, up to 231,423,643 new ordinary shares in the capital of the Company may be issued by way of a private placement. As at the date of this announcement, the Company does not have any treasury shares. 2.2 The Company is proposing to raise capital by issuing 135,000,000 new ordinary shares in the capital of the Company (the ?Placement Shares?) in reliance on the Existing Mandate by way of placement (i) to institutional investors, accredited investors and certain other persons in Singapore pursuant to Sections 274 and 275 of the Securities and Futures Act (Cap. 289) of Singapore (the ?SFA?) and/or private placement in Singapore pursuant to Section 272B of the SFA (ii) within the United States to investors who are qualified institutional buyers (as such term is defined in Rule 144A under the United States Securities Act of 1933, as amended (the ?Securities Act?) pursuant to Section 4(a)(2) under the Securities Act or another available exemption from the registration requirements of the Securities Act and/or (iii) in offshore transactions as defined in and in reliance on Regulation S under the Securities Act. As such, no prospectus or offer information statement will be lodged by the Company with the Monetary Authority of Singapore in connection with the Private Placement. The Placement Shares have not been and will not be registered under the Securities Act or the securities laws of any state or jurisdiction of the United States and may not be offered or sold within the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Company and the Joint Bookrunners (as hereinafter defined) reserve absolute discretion (subject to applicable laws and any regulations) in determining which investors will be allowed to participate in the Placement. 2.3 The Placement Shares, if fully allotted and issued, represent approximately 10.45% of the enlarged issued and paid-up share capital (excluding treasury shares) of the Company after the completion of the Placement. Placement Price 2.4 The Placement Shares are priced at S$0.70 per Placement Share (?Placement Price?) which represents a discount of approximately 8.40% to the volume weighted average market price of S$0.7642 for each ordinary share in the capital of the Company (the ?Share?) for trades done on the Shares on the main board of the SGX-ST on 25 June 2014, being the full market day on which the Shares were traded preceding the date of signing of the Placement Agreement (as hereinafter defined)...
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ysh2006
Supreme |
26-Jun-2014 08:00
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Placement at a discount to current price, right issue at a discount to current price, why ? is it current price expensive ?....don' t know... |
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ozone2002
Supreme |
25-Jun-2014 09:42
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50x PE for 2014 & 2015, not a value buy to me, more like a punter' s stock BUY S$0.76 STI : 3,257.40 (DBS) Price Target : 12-Month S$ 0.90 Analyst TAN Ai Teng +65 6682 3719 [email protected] Price Relative 76 276 476 676 876 1076 1276 1476 1676 0.0 0.2 0.4 0.6 0.8 1.0 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 S$ Relative Index Yoma Strategic Holdings (LHS) Relative STI INDEX (RHS) Forecasts and Valuation FY Mar (S$ m) 2013A 2014A 2015F 2016F Revenue 60 100 101 139 EBITDA 13 23 30 58 Pre-tax Profit 16 26 28 56 Net Profit 14 16 17 38 Net Pft (Pre Ex.) 11 11 17 38 EPS (S cts) 1.3 1.4 1.5 3.3 EPS Pre Ex. (S cts) 0.9 1.0 1.5 3.3 EPS Gth (%) 10 12 4 123 EPS Gth Pre Ex (%) (17) 2 52 123 Diluted EPS (S cts) 1.3 1.4 1.5 3.3 Net DPS (S cts) 0.5 0.0 0.0 0.0 BV Per Share (S cts) 31.3 32.1 33.6 36.8 PE (X) 60.1 53.6 51.8 23.2 PE Pre Ex. (X) 80.2 78.5 51.8 23.2 P/Cash Flow (X) nm nm 14.4 16.9 EV/EBITDA (X) 62.5 40.7 30.6 15.9 Net Div Yield (%) 0.7 0.0 0.0 0.0 P/Book Value (X) 2.4 2.4 2.3 2.1 Net Debt/Equity (X) CASH CASH CASH CASH ROAE (%) 5.9 4.5 4.5 9.3 Source of all data: Company, DBS Bank, Bloomberg Finance L.P SPA offers land, potentially funded by 1-for-3 rights Offered rights to acquire 70% of economic benefits of 10.8m sqft land in Pun Hlaing Deal estimated to be US$70m or US$70 psf, which is at lower end of Yangon&rsquo s authority land value Purchase to be funded by rights issue, which could be revised to 1-for-3 from 1-for-8 previously Deal is positive for the long term but maintaining forecast until conclusion. Maintain Buy. Yoma announced that it has received an offer from Serge Pun and Associates (SPA) for the rights to acquire 70% of the economic benefit of the land in Pun Hlaing Golf Estate (PHGE). PHGE is an integrated development project on an aggregate area of approximately 10.8m sqft comprising: (1) 9.6m sqft for a Gary Player-designed 18-hole championship golf course and a clubhouse and (2) the remaining 1.2m sqft of land development rights. Yoma will have to indicate its interest to buy within 30 days from this offer. Based on Yoma' s preliminary investigations, the land, as valued by an independent real estate consultant, is around US$100m and Yoma' s 70% stake would amount to a potential purchase consideration of US$70m. Our view: Based on the announced land valuation, cost of the non-golf course component of the land works out to be US$70 psf. Barring details on the actual use and development of this land, we believe the land is priced at market value, which has been kept relatively stable in the past six months as the government curbs runaway property prices. Over time, influx of more foreigners is still expected to drive up land prices further. To compare, Yoma was selling land development rights in Pun Hlaing Golf Estate at an average of close to US$50 psf twelve months ago. Our data on Yangon land prices as used by the Myanmar Inland Revenue Dept, updated as at Oct 2013, showed that the land cost in the Hlaing township ranges from a low of US$36.50 psf to high of US$286 psf. It appears that Yoma' s land cost is closer to the lower end of this valuation range. |
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Atom99
Master |
24-Jun-2014 12:55
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Yoma announcement
RECEIPT OF NOTICE TO ACQUIRE LAND DEVELOPMENT RIGHTS PURSUANT TO THE FIRST RIGHT OF REFUSAL DEED The Board of Directors (the ?Board?) of Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) is pleased to inform that the Group has received a written notice (the ?Notice?) from Serge Pun & Associates (Myanmar) Limited (?SPA?) offering the Group the right to acquire the economic benefit of 70% of the land in Pun Hlaing Golf Estate (?PHGE?) amounting to an aggregate area of approximately 250 acres (approximately 10.8 million square feet) of which approximately 9.6 million square feet comprises the golf course and country club and approximately 1.2 million square feet comprises land development rights (collectively, the ?PHGE Golf and Land?) alongside some related businesses, infrastructure and facilities1. The Notice was provided pursuant to the First Right of Refusal Deed (?FRRD?) entered into between SPA and Yoma Strategic Investments Ltd. (?YSIL?), a wholly owned subsidiary of the Company, dated 17 August 2006. PHGE is an integrated development project with residential units, a Gary Player-designed 18-hole championship golf course, a clubhouse, a sports complex and other facilities. PHGE is built on a 652- acre peninsula between the Hlaing River and the Pan Hlaing River in Hlaing Tharyar Township, approximately 8 miles from downtown Yangon. PHGE offers a full range of independent utilities, infrastructure and estate management services which differentiates it from other competing developments in Myanmar. In 2006, the economic interest of 70% of the land development rights in approximately 173.57 acres (approximately 7.7 million square feet) of the residential portion of PHGE was acquired by the Company2. As at 31 March 2014, approximately 4.6 million square feet of the said acreage of the residential portion of PHGE continues to be held by the Group. Pursuant to the FRRD, YSIL shall have 30 days from receipt of the Notice to indicate an affirmative interest in the offer, following which YSIL shall have a further 30 days from the date of such indicative interest to confirm its acceptance of the offer. Based on the Company?s preliminary investigations, it estimates the land value of 100% of the PHGE Golf and Land and the related businesses, infrastructure and facilities to be approximately US$100 million. If the Company were to accept the offer, it would likely acquire the economic benefit of 70% of the PHGE Golf and Land and the related businesses and facilities.
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stevenlim109
Master |
17-Jun-2014 11:58
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Yoma still can buy ?
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ozone2002
Supreme |
17-Jun-2014 09:32
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50x PE anyone? A Landmark in the making (DBS) &bull Proceeding with Landmark on existing 24-year leases while negotiation for lease extension continues &bull Revised rights issue to 1-for-8 to fund 1st land payment of S$43.2m &bull To factor in uncertain timeline, we assume a 30% discount to our original NPV for Landmark. TP is thus lowered to S$0.90. Maintain BUY. Moving ahead with shorter leases & piecemeal payments. Instead of just waiting, Yoma is going ahead to buy from SPA the 80% stake in the 24- to 26-year leases remaining for its Landmark project while SPA continues to negotiate for lease extension. There will be a 1st payment of S$43.2m (based on 24 years) and a 2nd payment of S$38.08m when the extension is successful and approved by Myanmar Investment Committee (MIC). SPA has agreed to fully refund Yoma should MIC fail to approve the 80% stake transfer by 31 Dec 2015. No change to development plan as negotiation continues for the master lease extension. Its JV partners Hongkong Shanghai Hotel Group and the Mitsubishi companies are positive that the lease would be extended to 50+10+10 years and has remained committed to their prior agreement. But, for its 80% stake (pending transfer) in this project, Yoma has capped its share of development cost at US$47m. The whole project would still cost US$415-440m. Rights issue revised to 1-for-8 since initial payment for land is lower than before. Serge Pun undertakes to support the entire rights issue, which is estimated to be completed by end-Sept. Financing of the remaining consideration will be announced as and when the leases are extended. Maintain BUY with lower TP of S$0.90 as we discount Landmark&rsquo s valuation by 30% to factor in uncertainty. Our theoretical ex-rights RNAV is S$0.85/sh vs current TERP of S$0.73. Despite the uncertainty, we are positive these developments will allow Yoma to get ahead with Landmark while the window for quality offices, hotels and retail space remains open in downtown Yangon. |
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Atom99
Master |
16-Jun-2014 07:34
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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YOMA' s Important announcement regarding Yangon Landmark Development. http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/company_announcements/!ut/p/a1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOKNHB1NPAycDSwNLNwtDDxdw8J8Xdw8DC2cDYAKIoEKDHAARwNC-sP1o1CV-Icamht4hjoFmjiFhRp6O5pgKAgzACnwdwoODgszDHQ1hirA44aC3AiDTE9HRQCIGmn3/dl5/d5/L2dBISEvZ0FBIS9nQSEh/
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bishan22
Supreme |
13-Jun-2014 11:55
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Today stir frying by BBs ??
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francisd
Master |
11-Jun-2014 09:50
Yells: "BUY LOW SELL HIGH" |
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Somebody is playing around with this counter by trying to push it down when one is buying up. Its like programmed selling. Can someone do something about this programmed selling. Watch out guys. Cheers     |
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khairsy
Veteran |
10-Jun-2014 11:44
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Hi guys...anyone with any views for this YOMa? | ||||
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khairsy
Veteran |
09-Jun-2014 09:39
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crossed already...went to 0.805..but someone keep pushing it down. Hope cheong later!!!
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bishan22
Supreme |
09-Jun-2014 09:37
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Fighting very hard to cross 0.80. Good luck. 
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khairsy
Veteran |
06-Jun-2014 15:49
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No more wave already...crap! |
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bishan22
Supreme |
06-Jun-2014 11:13
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Boh swee leh. Yesterday so strong. Someone wants to break the figure 8 down. 
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khairsy
Veteran |
06-Jun-2014 10:59
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Any views on YOMA? Seems price going down..will it go up again?
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bishan22
Supreme |
05-Jun-2014 13:47
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You too bro. Congrats. Me on second ride Previous out at 83.
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Intrinsic
Member |
05-Jun-2014 13:34
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Congrats haha i TP half already... earn quite abit already safe than sorry... still good chance to break out of 0.830 today... 
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