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Tan Eng Teong bought on 1 july 2016 9000@$1.29...Hotel Royal must wait for ex right and or ex bonus below $2.00 then buy..then it
Locations for both hotels good but Goodwood park better. Another hotel I noticed is Hotel Royal which is a rather old hotel and unappreciated.
No worry support is there.Like former Goodwood Park owned by the late Khoo Teck Puat...tightly controlled..even crash also remain stable...i recalled during 1970s when market crashed Goodwood Park t?remained at $30
trading price always got push down few cents and then buy up at 1.30. Happning almost daily. I felt that it could be manipulated.
WHat makes you think there will be an offer? This one really old company listed so long without getting into the radar. I came across an article about what Mr Tan said.
Hold v well..Hope it is up from here b4 maybe the major shareholders make a pte offer..
Back to $1.30 aftermath of Bretexit...inital drop but restored now..hope it's up from here over the next few years
U keep in your cpf..will buy over by the big shareholders..too tightly held n cash rich..meanwhile u may want to punt on valuetronics..kiarana...for month of july agm 24 tth july...will move soon. Faiiling which u get the dividend
Do you think slowly buying up will entice the larger community of small investors to get interested? Got a 9 lots trade.
I own quite a lot og H G Central shares more than 10 years and average cost only 45cts..Tan Eng Teong againbought 20000@$1.29 on 10th June 2016..good sign..will go higher
Hotelgrand!
You seems to be really into this! I saw another forum call Puntersgallery. Thought it was you!
True value is at least $2.00.
CEO director Tan Eng Teong bought 11400 shares @ $1.24632 on 3rd June hence today shot up to $1.28
hotelgrand ( Date: 06-Jun-2016 19:02) Posted:
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May be taken privatised a matter of time only..went up because NTA will be revised upward from capital gains from sale of hotel in Australia
Funny this round no option to convert cash dividends to shares unlike all other years..probably $300m cash on hand...
HG selling hotel in Surfers Paradise for A$80mil and expected to reap a disposal gain of S$23.4 mil after tax and disposal cost. It was bought in 2010 for A$47mil and subsequently spent an additional A$8.75mil on renovation and currently making profit of only S$476,000 for Dec 2015 by Surfers Paradise.
This deal will boost the net asset value and earning per share on a pro forma basis based on the Group' s FY2015 results..just received dividends on 20 May 2016.
If i not wrong Kirana U bought last year...u have seen how it cross $1.56 on the day of the AGM,,i remember vividly as I brought my friends there ..held at YMCA near Dolby Gaut..this year back to their brand new hotel
kirana ( Date: 21-Apr-2016 16:25) Posted:
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Really happen!
Now $1.255 AGM on 30April next friday typical of this counter on or after AGM will move up 10cts
as thw push is to hope more shareholders opt for share scripts (75% did so) this saving the co of cash outlay
AGM next friday..30 april should cross $1.30
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HOTEL GRAND CENTRAL LIMITED |
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Company Registration No. 196800243H |
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Unaudited Financial Statement for the Period Ended 30 Sep 2015 |
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PART I - |
Information required for announcements of quarterly (Q1, Q2 & Q3), half year |
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and full year results |
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1 (a) |
An income statement for the Group together with a comparative statement for the |
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corresponding period of the immediately preceding financial year |
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1(a)(i) |
Consolidated Income Statement for the Period Ended 30 Sep 2015: |
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Quarter Ended 30 Sep |
Period Ended 30 |
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2015 |
2014 |
% |
2015 |
2014 |
% |
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Note |
S$' 000 |
S$' 000 |
Change |
S$' 000 |
S$' 000 |
Change |
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Revenue |
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Hotel operations and management |
1 |
31,271 |
33,781 |
-7% |
88,782 |
103,283 |
-14% |
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Rental income from investment properties |
2,244 |
2,479 |
-9% |
7,048 |
7,678 |
-8% |
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Total revenue |
33,515 |
36,260 |
-8% |
95,830 |
110,961 |
-14% |
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Other income |
141 |
71 |
99% |
287 |
1,213 |
-76% |
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33,656 |
36,331 |
-7% |
96,117 |
112,174 |
-14% |
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Costs and expenses |
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Staff costs |
(10,623) |
(12,645) |
-16% |
(33,193) |
(37,504) |
-11% |
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Depreciation and amortisation |
2 |
(3,849) |
(3,579) |
8% |
(10,214) |
(12,765) |
-20% |
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Hotel operating expenses |
(12,983) |
(13,913) |
-7% |
(38,599) |
(41,606) |
-7% |
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Total costs and expenses |
(27,455) |
(30,137) |
-9% |
(82,006) |
(91,875) |
-11% |
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Profit from operating activities before |
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fair value gain |
6,201 |
6,194 |
0% |
14,111 |
20,299 |
-30% |
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Gain on disposal of property held for sale |
3 |
63 |
- |
n/m |
5,811 |
- |
100% |
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Gain on disposal of subsidiary |
- |
- |
0% |
70,637 |
- |
100% |
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Profit from operating activities |
6,264 |
6,194 |
1% |
90,559 |
20,299 |
346% |
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Interest expense |
(1,039) |
(743) |
40% |
(2,433) |
(2,136) |
14% |
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Interest income |
1,559 |
1,101 |
42% |
4,635 |
3,091 |
50% |
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Foreign exchange (loss)/ gain |
4 |
(1,735) |
(5,365) |
-68% |
(7,385) |
(2,113) |
250% |
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Share of results of associates |
200 |
(70) |
n/m |
643 |
35 |
1737% |
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Profit before tax |
5,249 |
1,117 |
370% |
86,019 |
19,176 |
349% |
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Income tax expense |
(1,740) |
(1,521) |
14% |
(5,562) |
(5,042) |
10% |
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Net profit attributable to owners of the parent |
3,510 |
(404) |
n/m |
80,457 |
14,134 |
469% |
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1 (a)(ii) |
Notes to the Income Statement |
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Note 1 |
Hotel revenue decreased in 2015 due to the lower contribution resulting from the disposal of Hotel Grand Chancellor Little India and Auckland Airport in Q1 2015 . |
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Hotel revenue also decreased in 2015 due to the impact of lower average exchange rates for hotel revenue denominated in New Zealand and Australia dollars. |
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The decrease in the hotel revenue was partly offset by revenue from Hotel Chancellor @ Orchard which commenced business in May 2015. |
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Note 2 |
Depreciation for Q3 2015 increased compared to last year mainly due to the commencement of depreciation of Hotel Chancellor @ Orchard which soft opened |
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in May 2015. This was partly offset by lower depreciation from the Little India and Auckland Airport hotels as they have been disposed in Q1 2015. |
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Note 3 |
The gain on disposal of property held for sale in 2015 relates to the disposal of Hotel Grand Chancellor Auckland Airport in Q1 2015. The 2014 gain relates |
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to the disposal of the Penang hotel. |
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Note 4 |
The unrealized foreign exchange loss for the period ended 30 Sep 2015 was mainly due to the translation of Australian and New Zealand dollar |
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fixed deposits at lower exchange rates vis a vis the Singapore dollar between 30 Sep 2015 and 30 June 2015 . |
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