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Near EGM sept 12 will move again
hotelgrand ( Date: 28-Aug-2014 16:32) Posted:
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Just received prospectus, EGM 12 Sept-Hotel Grand Chancellor Pte Ltd was tendered for $48.89mil in 2007 and 328 room was constructed at a cost 459.23mil and hotel was opened in 2010..valued at $201mil on Sept 2012.Hotel Grand expected profit of $67.02mil after paying off $54mil in outstanding bank loans and the net proceeds of 4192mil will be placed in interest bearing bank' s term deposits to pursue groth opportunities and fund the co' s future business plan.NTA expected to increase from $1.43 to $1.55 and sale expected to complete by 15 Jan 2015
Coupled with the 600 rooms of 2 brand new hotels in front of Istana,hope one day maybe the closely knit family may sell off at a higher valuation.Ever hit a high of $2 plus slightly Despite the cessation of the hotel operations at Orchard,company' s 1 H 2014 still increases |
HOTEL GRAND CENTRAL LIMITED
Company Registration No. 196800243H
Unaudited Financial Statement for the Period Ended 30 June 2014
PART I - Information required for announcements of quarterly (Q1, Q2 & Q3), half year
and full year results
1 (a) An income statement for the Group together with a comparative statement for the
corresponding period of the immediately preceding financial year
1(a)(i) Consolidated Income Statement for the Period Ended 30 June 2014:
2014 2013 % 2014 2013 %
Note S$' 000 S$' 000 Change S$' 000 S$' 000 Change
Revenue
Hotel operations and management 33,921 33,347 2% 69,502 69,944 -1%
Rental income from investment properties 1 2,635 1,379 91% 5,199 2,755 89%
Total revenue 36,556 34,726 5% 74,701 72,699 3%
Other income 2 70 52 35% 1,142 108 957%
36,626 34,778 5% 75,843 72,807 4%
Costs and expenses
Staff costs (12,837) (11,982) 7% (24,859) (24,112) 3%
Depreciation and amortisation (4,722) (4,485) 5% (9,186) (9,336) -2%
Hotel operating expenses (13,570) (13,502) 1% (27,693) (27,135) 2%
Total costs and expenses (31,129) (29,969) 4% (61,738) (60,583) 2%
Profit from operating activities 5,497 4,809 14% 14,105 12,224 15%
Interest expense (709) (555) 28% (1,393) (1,186) 17%
Interest income 1,115 1,170 -5% 1,990 2,336 -15%
Foreign exchange gain/(loss) 3 430 (8,568) n/m 3,252 (5,993) n/m
Share of results of associates 115 336 -66% 105 449 -77%
Profit/(loss) before tax 6,448 (2,808) n/m 18,059 7,830 131%
Income tax expense (1,776) (2,154) -18% (3,521) (4,535) -22%
Net profit/(loss) attributable to owners of the parent 4,672 (4,962) n/m 14,538 3,295 341%
Just received EGM 12 Sept-Hotel Grand Chancellor Pte Ltd was tendered for $48.89mil in 2007 and 328 room was constructed at a cost 459.23mil and hotel was opened in 2010..valued at $201mil on Sept 2012.Hotel Grand expected profit of $67.02mil after paying off $54mil in outstanding bank loans and the net proceeds of 4192mil will be placed in interest bearing bank' s term deposits to pursue groth opportunities and fund the co' s future business plan.NTA expected to increase from $1.43 to $1.55 and sale expected to complete by 15 Jan 2015
Coupled with the 600 rooms of 2 brand new hotels in front of Istana,hope one day maybe the closely knit family may sell off at a higher valuation.Ever hit a high of $2 plus slightly
Now 1.345 (37lots)verse 1.35(17lots)
hotelgrand ( Date: 27-Aug-2014 15:07) Posted:
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stablise liao..at $1.34..more goodies in higher dividends from sale of the Hotel Chancellor at Little India
victortan ( Date: 13-Aug-2014 23:11) Posted:
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Counter like this, where public hold a small part will rarely soar, unless it announce privatisation. Do you think the main share holder want to push up the counter? It is in his interest that they reamin cheap, so hew can takeover for less.
Thinly traded becoz no scrips all held by directors and families in nominees account..manage to catch some at $1.335 the recent lows..see Hotel Goodwood Park it was $30 and during 1987 share plunge those who shorted died becoz no one lend out the scrips and the price headed even higher..have to beg the late khoo Teck Puat to lend the share?
But the vol is very low, I have a bad experience with low volume counter, When come to sell, I got to sell many days, just for some 50 lots , very frustrating. JMO.
Haha. Each time you say something nice, it inches up half cents. Can you say " more nicer" things.
Great call bro... I follow u .. Add some ... -)
Good gem to keep.... Hold Tight Tight... Share Right Right... Hoot Big Big,, Huat Big Big !
Hotel should be gd as occupant rate are rather high,, huat ah!
Life is not a round number anyway!
You will end up with odd lots. But when lucky enough, maybe can slowly become one full lot. STill, there will be residual lot due to scipt dividend price.
Actually buy 1 share at odd lot.market can enjoy the agm buffet liap
kirana ( Date: 15-Apr-2014 19:50) Posted:
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Everybody buying one or 2 lots just to go into the AGM.
Today 2 transactions of 100 lots each in the afternoon looks interesting enough! Thats a value of $227k logged.
I would love to try staying in the new hotels coming up at the end of Orchard Road. That is after I got the dividends for few years. But steady la, my hunch is that this will be a quite performer in time to come.
Steady lah...