Perennial Hldgs   

Perennial makes weak debut on SGX

Consortium led by Perennial Real Estate Holdings buys AXA Tower

http://www.channelnewsasia.com/news/business/consortium-led-by/1627176.html?cid=FBSG

 

Anyone knows why the volume is so low? Who are the majority shareholders?

 

Same view as yours. My view is, accumulate PREH at weakness.

jamesng      ( Date: 26-Jan-2015 08:54) Posted: In the short term, believe so...in the long term, the dividend will get better once most malls are up and operational....along the way with higher NAV since the malls are operational.

 

In the short term, believe so...in the long term, the dividend will get better once most malls are up and operational....along the way with higher NAV since the malls are operational.

 

Hi Bro, dividends wise I dun expect PREH will be able to match the attractive dividends that it had paid during PCRT times bcos it now needs more funds to support its ongoing china projects. I invested in PREH more for long term capital gains rather than for its dividends.

jamesng      ( Date: 25-Jan-2015 22:35) Posted: Thanks.... I believe this will perform well in medium to long term.....dividend first, then share price appreciation...

 

but i think there is more downside than upside.

jamesng      ( Date: 25-Jan-2015 22:35) Posted: Thanks.... I believe this will perform well in medium to long term.....dividend first, then share price appreciation...

 

Thanks....

I believe this will perform well in medium to long term.....dividend first, then share price appreciation...

 

You can refer to SGX company announcement for the info. PREH is definitely undervalued at current share price of $1.04. Worth to invest for mid to long term.

jamesng      ( Date: 24-Jan-2015 23:15) Posted: Hi, Can share how you know that he is buying the shares? I think this is undervalued, just that it had not proved itself.......if major shareholder is buying, then it is a sign of confident....

 

Hi,

Can share how you know that he is buying the shares?

I think this is undervalued, just that it had not proved itself.......if major shareholder is buying, then it is a sign of confident....

 

Question is why he dumped some much of his money into PREH if there is no value in this company?

Octavia      ( Date: 24-Jan-2015 16:06) Posted: If he is slurping then there must be dumping by others as well.Or is he supporting the px? fundamentalhero      ( Date: 24-Jan-2015 10:38) Posted: just my two cents,, maybe i am wrong as i a vested. But seems our KKH is slurping up shares. is something going to happen?

 

If he is slurping then there must be dumping by others as well.Or is he supporting the px?

fundamentalhero      ( Date: 24-Jan-2015 10:38) Posted: just my two cents,, maybe i am wrong as i a vested. But seems our KKH is slurping up shares. is something going to happen?

 

He is one of the major shareholders of PREH.

jamesng      ( Date: 24-Jan-2015 13:04) Posted: KKH is?

 

KKH is?

 

just my two cents,, maybe i am wrong as i a vested. But seems our KKH is slurping up shares. is something going to happen?

 

16-Jan-2015 09:27:43

CLARIFICATION WITH RESPECT TO THE BUSINESS TIMES ARTICLE

Perennial Real Estate Holdings Limited (the " Company" ) refers to the article " Perennial Real Estate-led group close to buying AXA Tower" in today&rsquo s Business Times and wishes to clarify that it is exploring the syndication of a consortium of investors to acquire AXA Tower, taking on the role of an asset manager and potentially investing up to a 30.0% stake in the property.

Singapore is one of the key markets for the Company and it is in the ordinary course of business to explore and evaluate potential investment opportunities that may arise. No definitive agreement has been entered into and no firm decision has been made on whether or not to proceed with the deal. The Company will make the appropriate announcement in accordance with the listing rules if and when there are material developments.

BY ORDER OF THE BOARD
Pua Seck Guan
Chief Executive Officer
16 January

 

SINGAPORE PRESS-Perennial-led group close to buying office tower for $891 mln - Business Times

 

Thu Jan 15, 2015 7:40pm EST

Perennial Real Estate Holdings is said to be leading and syndicating a consortium that is close to inking a deal to buy AXA Tower, an office building in downtown Singapore, from BlackRock, said Singapore' s Business Times.

The price is about S$1.18 billion ($890 million), translating to roughly S$1,750 per square foot (psf) based on the existing net lettable area (NLA) of nearly 675,000 sq ft. AXA Tower is on a site with a balance lease term of about 66.5 years.

 

 

Let it be diluted for about 8 months to go, then I may seriously go for it !

Conga313      ( Date: 12-Jan-2015 14:32) Posted: Lately, much buying up at 1.04.   ???? Something brewing?

 

Lately, much buying up at 1.04.   ???? Something brewing?

 

30-Dec-2014 20:15:14

ADJUSTMENTS FOR NAV OF TARGET ENTITIES AND ALLOTMENT AND ISSUE OF NEW SHARES

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=B89L7D45BOO4MZKD& H=73c3c55ccd1527ae1c37c7563136b0c576af47c0abe020f48aa0dc53f3b68b78#.VKNDsSuUeSo

 

 

 

 

I think they have a dividend policy.....

But share price drop might be good too.....

 

PHEH may not pay much dividends for this coming March 2015 even it declares dividends as it needs more funds to develop its ongoing China projects. It may even try to raise funds from rights issue or other means to fund its projects.

jamesng      ( Date: 28-Dec-2014 02:38) Posted: Medium to long term should be fine......unless china economy had a hard landing..... Let' s see how much dividend they can pay in March 2015........