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This one kaput because PRC property in bear trend for next few years.
Why should they do this if privatization is not in their discussion ?
XiaoFeiXia ( Date: 27-May-2023 07:47) Posted:
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Looks like it is going to filter thoroughly as much as it can to get rid of retailer holdings. Cruel ball game by the Rich.
fck this shit laaaa
yanlord didn' t pay dividend in for fy2011 due to the european debt crisis.
the reason was the same to conserve cash due to the uncertainty.
in fy2012 it paid 1.86 cents higher than 1.22 cents by 50%.
it is likely yanlord would pay a higher dividend in fy2023 if china property market start to rise again.
i estimate a dividend of 10.8 cents in fy2023, 50% more than fy2021
keekeekee
the reason was the same to conserve cash due to the uncertainty.
in fy2012 it paid 1.86 cents higher than 1.22 cents by 50%.
it is likely yanlord would pay a higher dividend in fy2023 if china property market start to rise again.
i estimate a dividend of 10.8 cents in fy2023, 50% more than fy2021
keekeekee
Is ZSJ wants to go back to resume personal guarantee responsibility ?
my bet on privatisation is the same collect dividend while waiting for offer begun with telechoice with good dividend until starhub started to insource that' s when i sold and brought m1.
m1 same strategy then keppel buyout.
moved to the hour glass same strategy but the gridlock between divorced wife means odds of privatisation is low so sold at good proft and switch to yanlord.
same strategy but this year no dividend so now stuck.
you see buy stock no bao jiak one.
keekeekee
m1 same strategy then keppel buyout.
moved to the hour glass same strategy but the gridlock between divorced wife means odds of privatisation is low so sold at good proft and switch to yanlord.
same strategy but this year no dividend so now stuck.
you see buy stock no bao jiak one.
keekeekee
the funny thing is this director everytime buy the share drop
Hong Pian Tee
3 May 2023 buy 44k @ S$0.86
28 Sep 2022 buy 100K @ S$0.97
but got this ong eng loke buy and 2 of the stock he brought with substantiall stake went private
hwa hong & hi-p
he still got yanlord, shs and healthway.
keekeekee
Hong Pian Tee
3 May 2023 buy 44k @ S$0.86
28 Sep 2022 buy 100K @ S$0.97
but got this ong eng loke buy and 2 of the stock he brought with substantiall stake went private
hwa hong & hi-p
he still got yanlord, shs and healthway.
keekeekee
the risk to buy this if no privatisation, you can get stuck with no dividend for a long time as yanlord deleverages waiting for the china property market to turn around.
while yanlord has S$2 in cash it also has S$4 in debt.
pure property companies are trading at a discount to nav as they don' t behave like reits that pays out all their earnings leaving no reserves for bad times.
reits thrived when interest rates were next to zero, they will be blazed to the ground as interest rate stay high as it makes more sense to put fd then buy reits
keekeekee
while yanlord has S$2 in cash it also has S$4 in debt.
pure property companies are trading at a discount to nav as they don' t behave like reits that pays out all their earnings leaving no reserves for bad times.
reits thrived when interest rates were next to zero, they will be blazed to the ground as interest rate stay high as it makes more sense to put fd then buy reits
keekeekee
Yanlord got 4 billion cash meaning 1 share got S$ 2 dollars cash
NAV =S$ 3.45
current share price is S$0.80 , very cheep , because of every one oversold purposely from S$1 to 0.80 due no dividend announcement of 6 cents, very good oppurtunity to buy now.
So holding this share is quite worthy compare to other stocks.
NAV =S$ 3.45
current share price is S$0.80 , very cheep , because of every one oversold purposely from S$1 to 0.80 due no dividend announcement of 6 cents, very good oppurtunity to buy now.
So holding this share is quite worthy compare to other stocks.
yanlord is lucky it brought united engineers as singapore property just kept rising.
this provide yanlord with an offshore line of credit due to the strong valuation of its 2 freehold crown jewels.
it is unlikely to spin off its investment property into reits.
the chairman thinks like uob ah wee.
if you recycle the capital of the investment property into reits, the property don' t belong to you, it belongs to the banks.
the chairman is likely to fund the privatisation using the dividends and salary he had accumulated over the years i estimated at S$1 billion.
then he can call for a capital distribution after privatisation to get back his money as he is the only shareholder.
the only risk he face is the possible change of government in ge2025 in singapore due to the huge income gap as the influx of foreign funds fuel inflation for the people.
a change of government would mean much higher tax for the rich and a restriction in immigration and wealth inflow as taxes on wealth would increase significantly.
keekeekee
this provide yanlord with an offshore line of credit due to the strong valuation of its 2 freehold crown jewels.
it is unlikely to spin off its investment property into reits.
the chairman thinks like uob ah wee.
if you recycle the capital of the investment property into reits, the property don' t belong to you, it belongs to the banks.
the chairman is likely to fund the privatisation using the dividends and salary he had accumulated over the years i estimated at S$1 billion.
then he can call for a capital distribution after privatisation to get back his money as he is the only shareholder.
the only risk he face is the possible change of government in ge2025 in singapore due to the huge income gap as the influx of foreign funds fuel inflation for the people.
a change of government would mean much higher tax for the rich and a restriction in immigration and wealth inflow as taxes on wealth would increase significantly.
keekeekee
Well argued and provided the Zhangs have the appetite to assume the net $4B debts but keep the investment properties.
uncle168 ( Date: 22-May-2023 15:04) Posted:
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once privatised it no need to pay dividend can save S$129.2 million a year.
yanlord only pays out 20% of its profit meaning it can potentially pay out 5x the dividend it used to pay if it pays out 100% in dividend.
yanlord pays S$200 million in interest per year.
the dividend can already pay half of the interest liao,.
yanlord has S$8.2 billion in debt but it has S$8 billion in investment properties and S$4 billion in cash.
yes the debt is massive but so is its assets
keekeekee
yanlord only pays out 20% of its profit meaning it can potentially pay out 5x the dividend it used to pay if it pays out 100% in dividend.
yanlord pays S$200 million in interest per year.
the dividend can already pay half of the interest liao,.
yanlord has S$8.2 billion in debt but it has S$8 billion in investment properties and S$4 billion in cash.
yes the debt is massive but so is its assets
keekeekee
what a well written script.
what about the massive debts? would Yanlrd be able to maintain the same credit rating after it has been taken privare?
what about the massive debts? would Yanlrd be able to maintain the same credit rating after it has been taken privare?
uncle168 ( Date: 22-May-2023 14:32) Posted:
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yanlord was listed on 21 jun 2006.
will yanlord go private on 21 jun 2023, 17 years later?
this is exactly what happened to m1 before keppel pulled the trigger.
m1 was a money printing machine just like yanlord.
m1 share price collapsed as competition among telcos intensified with mvnos flooding the market.
keppel has acquired m1, recycled the capital locked in the telco infrastructure via kep infra trust.
yanlord share price collapse is due to the sudden stoppage of dividend which is done on purpose to low ball a takevoer.
the chairman is keen to privatise yanlord because of the 2 freehold properties in singapore as china landlease is short the max 70 years while freehold is 999 years enough of 9 generations of his descendants.
in short just the 2 piece of land is not worth only S$1.3 billion now, it is worth 10 times at S$13 billion or a nav of S$6.84 in the year 2123 just for the 2 property alone..
if an offer of S$1.68 is made now, it is 210% of the current price of S$0.80 or 50% of nav.
the chairman only need to pay S$861.8 million to take yanlord private.
then shortist will die pain pain.
keekeekee
will yanlord go private on 21 jun 2023, 17 years later?
this is exactly what happened to m1 before keppel pulled the trigger.
m1 was a money printing machine just like yanlord.
m1 share price collapsed as competition among telcos intensified with mvnos flooding the market.
keppel has acquired m1, recycled the capital locked in the telco infrastructure via kep infra trust.
yanlord share price collapse is due to the sudden stoppage of dividend which is done on purpose to low ball a takevoer.
the chairman is keen to privatise yanlord because of the 2 freehold properties in singapore as china landlease is short the max 70 years while freehold is 999 years enough of 9 generations of his descendants.
in short just the 2 piece of land is not worth only S$1.3 billion now, it is worth 10 times at S$13 billion or a nav of S$6.84 in the year 2123 just for the 2 property alone..
if an offer of S$1.68 is made now, it is 210% of the current price of S$0.80 or 50% of nav.
the chairman only need to pay S$861.8 million to take yanlord private.
then shortist will die pain pain.
keekeekee
Selling pressure still great .
Can consider below 0.80 ?
Thanks.
XiaoFeiXia ( Date: 17-May-2023 18:45) Posted:
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I buy because of 6.8cents dividend....Now don't have, I don't think so
tonytony ( Date: 17-May-2023 13:50) Posted:
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you see the reits keep paying out less and lee dpu then the interest rate keep rising, one day sure die one, burning candles from both ends.
even frasers don' t pay interim dividend liao, all keep the rental money so can borrow less, borrow from shareholders cheaper, 0%.
buy property stock now is like buy gold so cheap, the investment portfolio worth so much now so cheap, where to find?
keekeekee
even frasers don' t pay interim dividend liao, all keep the rental money so can borrow less, borrow from shareholders cheaper, 0%.
buy property stock now is like buy gold so cheap, the investment portfolio worth so much now so cheap, where to find?
keekeekee