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5% normal and 5% special to reward shareholders when they sold hotel at Little India and also commemorate the completion of 2 hotels in front of Istana
ffyyss ( Date: 09-Mar-2015 21:02) Posted:
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Another S$200+ m coming in pending full payment of disposal of little india hotel. Upon $140 mil repayment, will become debt free with $100m addition cash on hand.
1st debt free listed hotel group?
Pending operations in reburbished hotel grand in orchard will contribute significant revenue n profits.. Will the family privatised?
1st debt free listed hotel group?
Pending operations in reburbished hotel grand in orchard will contribute significant revenue n profits.. Will the family privatised?
hit $1.415
hotelgrand ( Date: 02-Mar-2015 12:05) Posted:
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$1.40 fnally
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HOTEL GRAND CENTRAL LIMITED |
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Company Registration No. 196800243H |
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Unaudited Financial Statement for the Year Ended 31 Dec 2014 |
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PART I - |
Information required for announcements of quarterly (Q1, Q2 & Q3), half year |
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and full year results |
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1 (a) |
An income statement for the Group together with a comparative statement for the |
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corresponding period of the immediately preceding financial year |
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1(a)(i) |
Consolidated Income Statement for the Year Ended 31 Dec 2014: |
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Year Ended 31 Dec |
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2014 |
2013 |
% |
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Note |
S$' 000 |
S$' 000 |
Change |
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Revenue |
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Hotel operations and management |
142,524 |
140,734 |
1% |
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Rental income from investment properties |
1 |
10,464 |
6,167 |
70% |
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Total revenue |
152,988 |
146,901 |
4% |
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Other income |
1,185 |
2,549 |
-54% |
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154,173 |
149,450 |
3% |
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Costs and expenses |
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Staff costs |
(50,283) |
(49,559) |
1% |
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Depreciation and amortisation |
2 |
(15,833) |
(18,355) |
-14% |
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Hotel operating expenses |
(57,301) |
(55,341) |
4% |
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Loss on disposal of fixed assets |
- |
(275) |
-100% |
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Total costs and expenses |
(123,417) |
(123,530) |
0% |
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Profit from operating activities before fair value gain |
30,756 |
25,920 |
19% |
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Fair value gain on investment properties |
3 |
4,427 |
208 |
2028% |
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Profit from operating activities |
35,183 |
26,128 |
35% |
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Interest expense |
(3,231) |
(2,407) |
34% |
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Interest income |
4,275 |
4,434 |
-4% |
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Foreign exchange loss |
4 |
(2,148) |
(6,011) |
-64% |
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Share of results of associates |
252 |
750 |
-66% |
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Profit before tax |
34,331 |
22,894 |
50% |
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Income tax expense |
(7,583) |
(8,429) |
-10% |
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Net profit attributable to owners of the parent |
26,748 |
14,465 |
85% |
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Net profit S$26.7 (FY 2014 14.5mil) and increase of 84.1% jump despite the landmark hotel infront of Istana still under construction..as dividends or AGM draws nearer..its ahres may hit $1,50,compared with Hotel Royal Net profit $11.2mil(FY2014 21.8) hope Hotel Grand can catch up in terms of share price
Total 10 cts div. The management didnt break their promise for min 5 cts. Steady
creeping up again $1.365
hotelgrand ( Date: 05-Feb-2015 12:44) Posted:
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Goodies soon with the release of FYE 31Dec 2014 results
hotelgrand ( Date: 20-Jan-2015 22:08) Posted:
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Manage to e at $1.29 recently
hotelgrand ( Date: 31-Dec-2014 22:47) Posted:
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FYE 31/12/2014..dividends will be in april-may AGM maybe by march 2015..Last time I attend the EGM on sale of Hotel Chancellor at Little India,Mano the analyst calimed the CEO told him may sell one and keep one of the 2 hotels in front of Istana
kirana ( Date: 31-Dec-2014 15:43) Posted:
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Yeah. Wonder why no special div? Also wonder why build 2 hotels and sell one?
Holding well still at $1.305..hope goodies will be coming soon from capital gains from sale of 2 hotels,.and after completion of another 2 hotels in from of Istana,Orcahrd, a revalutaion of assets and possible sale of one of these newly completed hotel may uplift share price
still solid ,,with so much capital gains from sale of 2 hotels..expect bumper dividends to support the share price
hotelgrand ( Date: 26-Nov-2014 23:28) Posted:
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Sale of Hotel Chancellor-Auckland at NZ 23.30mil representing a gain of N.Z 6.65mil over its sept 2014 valuation at book NZ 16.65
hotelgrand ( Date: 26-Nov-2014 21:28) Posted:
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They selling another hotel in new zealand...more capital gains. ..at EGM possible hints may sell one of the 2 hotel s in front of Istana completed by dec 2014
Lucky to have taken some profits on Hotel Grand ..and switch to Innovalue..will buy Valuetronics for hold till next year..4% yield,zero debts
hotelgrand ( Date: 04-Oct-2014 18:04) Posted:
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Bought at 29cts proceeds from Hotel Grand..now sitting on good profits from Innovalues(120lots at 29ctsand > =) will buy back if hotel grand goes below $1.30
hotelgrand ( Date: 10-Sep-2014 10:10) Posted:
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took some profits 20lots sold cash at $1.34 and use proceed to buy 80lots(at 29cts on Mon 10 Sept) Innovalue for the punt
| Hotel Grand | H18 | 1.350 | +0.005 | +0.372 | 222 | 22 | 1.340 | 1.350 | 7 | 1.340 | 1.350 | 1.340 | 297,770 | Ho |
hotelgrand ( Date: 02-Sep-2014 14:22) Posted:
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Vol picking up..always at this level 1.34-1.345