Pacific Century    Last:0.47    +0.005

Almost forget counter is brewing

I think the likelihood of privatisation still there. Keep our fingers crossed.

Charlie2310      ( Date: 05-May-2015 13:08) Posted: Can hold up or not?

 

Can hold up or not?

 

Coming back liao...

sharenewbie0301      ( Date: 04-May-2015 09:50) Posted: Morning price down, by afternoon go back up again. Too bad not low enough or I can buy more

 

Morning price down, by afternoon go back up again. Too bad not low enough or I can buy more

 

Bingo. All about psychology

 

I find it fishy...rumors were already very rife long ago...why did the " company" only release such statement now?  Highly possible that the aim is to bring down the price and make the takeover cheaper, since there is only 3% left to buy.

 

Sorry I meant doesn' t INCLUDE board or mgmt

 

That' s the most natural response we should expect from the co. If they were ready to take the co private they would have done so already given that they have this much stake. 

From a legal standpoint the word used is " Company" rather than board or management. The company is a shell, lifeless and is obviously oblivious to whatever is doing on. Company doesn' t exclude board or management based on legal entity rules. 

Pretty smart to put out the announcement.  In fact, the announcement could help them make the price of taking the co private cheaper. 

 

 

 

 

 

Coy has denied BT article.  Tmr kena short down already. 

 

PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. 196300381N   
ANNOUNCEMENT   


Pacific Century Regional Developments Limited (the &ldquo Company&rdquo ) refers to the article published in the Business Times on 30 April 2015 entitled &ldquo Pacific Century headed for delisting?&rdquo . 
The Company wishes to clarify that it is not aware of, and has not received, any proposal in relation to privatisation of the Company. In addition, the Company is not aware of any restructuring plan involving the Company and its subsidiaries.     

 

By Order of the Board 
Lim Beng Jin Company Secretary 2 May 2015 

debronic      ( Date: 03-May-2015 18:39) Posted: Business times ran a similar article SINGAPORE - An investment holding company controlled by Hong Kong tycoon Li Ka-shing' s younger son Richard Li is veering closer to the delisting threshold on the Singapore Exchange (SGX) after months of steady share buybacks, fuelling speculation about what its next move could be. Mainboard-listed Pacific Century Regional Developments (PCRD) leapt to its highest level in more than a decade on Wednesday, jumping four cents or 9.9 per cent to S$0.445 on 11.6 million shares traded. Vehicles controlled by Mr Li held about 85.7 per cent of the company as at Wednesday. Mr Richard Li, its billionaire executive chairman, also had 1.03 per cent, which means that the stock' s free float is down to about 13 per cent. PCRD also looks all set to pick up even more shares, after getting shareholders' nod at an extraordinary general meeting last Friday for a fresh mandate to buy back a further 10 per cent stake. However, it can only buy back up to around 3 per cent more before its free float falls below 10 per cent, which would trigger a suspension from trading and possible eventual delisting from SGX. PCRD had already come up against the maximum 10 per cent buyback limit that it had been allowed in its previous mandate, which had been approved in April 2014. It started buying back shares in late April 2014 and had accumulated 9.99 per cent by the end of March this year, just a whisker below that 10 per cent ceiling. If its recent share buybacks were meant as a price support mechanism, they appear to have had some effect. PCRD shares climbed above the S$0.30 mark in late January this year for the first time since May 2009, and have soared about 41 per cent over the course of this month from S$0.315 cents on April 1. The surge could be on the back of rampant speculation over whether the company may be headed for a possible delisting, market watchers said. " The sudden interest is possibly due to a privatisation play," said CMC Markets analyst Nicholas Teo. " Whether this has any meat, we don' t know. But the market is hungry for stories like this." He added that Mr Li may not necessarily be planning a privatisation but rather may be eyeing a restructuring or reorganisation of his entire Pacific Century group. The bulk of PCRD' s earnings come from its associate, Hong Kong-listed telecommunications firm PCCW Limited, going by its full-year results released in February this year. The company said in its 2014 annual report that PCRD' S " most significant asset" was its 21.8 per cent stake in PCCW, and added that it has been PCCW' s largest shareholder since 1999. Remisier Desmond Leong noted that the Hong Kong stock market has been far more active than Singapore' s. " A lot of Singapore stocks are undervalued. If they were to list in Hong Kong or Shanghai, their valuations would definitely be better . . . basically Singapore is just dead." With its recent sharp ascent, PCRD' s share price has finally drawn ahead of its net asset value (NAV). Company NAV stood at S$0.416 per share as at Dec 31, 2014, though the overall group NAV was lower at S$0.318 as at the same day. The company continued to buy back shares even on Wednesday, picking up 103,100 shares - or 0.0038 per cent - at S$0.405 apiece. http://stockresearchasia.com/1/post/2015/04/pacific-century-regional-developments-ltd-pcrd-will-richard-li-finally-privatise-pcrd.html   debronic      ( Date: 17-Apr-2015 08:38) Posted: PCRD&rsquo s share price has doubled over the last 3 years to a multi-year high of S$0.345 as at 16 April 2015 but yet remains very much undervalued. With the Company aggressively buying back its shares and reducing its public float to just above 13%, we think there is a good chance that this will be the year Richard Li finally privatises the Company.  http://stockresearchasia.com/1/post/2015/04/pacific-century-regional-developments-ltd-pcrd-will-richard-li-finally-privatise-pcrd.html

 

Business times ran a similar article

SINGAPORE - An investment holding company controlled by Hong Kong tycoon Li Ka-shing' s younger son Richard Li is veering closer to the delisting threshold on the Singapore Exchange (SGX) after months of steady share buybacks, fuelling speculation about what its next move could be.

Mainboard-listed Pacific Century Regional Developments (PCRD) leapt to its highest level in more than a decade on Wednesday, jumping four cents or 9.9 per cent to S$0.445 on 11.6 million shares traded.

Vehicles controlled by Mr Li held about 85.7 per cent of the company as at Wednesday. Mr Richard Li, its billionaire executive chairman, also had 1.03 per cent, which means that the stock' s free float is down to about 13 per cent.

PCRD also looks all set to pick up even more shares, after getting shareholders' nod at an extraordinary general meeting last Friday for a fresh mandate to buy back a further 10 per cent stake.

However, it can only buy back up to around 3 per cent more before its free float falls below 10 per cent, which would trigger a suspension from trading and possible eventual delisting from SGX.

PCRD had already come up against the maximum 10 per cent buyback limit that it had been allowed in its previous mandate, which had been approved in April 2014.

It started buying back shares in late April 2014 and had accumulated 9.99 per cent by the end of March this year, just a whisker below that 10 per cent ceiling.

If its recent share buybacks were meant as a price support mechanism, they appear to have had some effect.

PCRD shares climbed above the S$0.30 mark in late January this year for the first time since May 2009, and have soared about 41 per cent over the course of this month from S$0.315 cents on April 1.

The surge could be on the back of rampant speculation over whether the company may be headed for a possible delisting, market watchers said.

" The sudden interest is possibly due to a privatisation play," said CMC Markets analyst Nicholas Teo. " Whether this has any meat, we don' t know. But the market is hungry for stories like this."

He added that Mr Li may not necessarily be planning a privatisation but rather may be eyeing a restructuring or reorganisation of his entire Pacific Century group.

The bulk of PCRD' s earnings come from its associate, Hong Kong-listed telecommunications firm PCCW Limited, going by its full-year results released in February this year.

The company said in its 2014 annual report that PCRD' S " most significant asset" was its 21.8 per cent stake in PCCW, and added that it has been PCCW' s largest shareholder since 1999.

Remisier Desmond Leong noted that the Hong Kong stock market has been far more active than Singapore' s. " A lot of Singapore stocks are undervalued.

If they were to list in Hong Kong or Shanghai, their valuations would definitely be better . . . basically Singapore is just dead."

With its recent sharp ascent, PCRD' s share price has finally drawn ahead of its net asset value (NAV). Company NAV stood at S$0.416 per share as at Dec 31, 2014, though the overall group NAV was lower at S$0.318 as at the same day.

The company continued to buy back shares even on Wednesday, picking up 103,100 shares - or 0.0038 per cent - at S$0.405 apiece.

http://stockresearchasia.com/1/post/2015/04/pacific-century-regional-developments-ltd-pcrd-will-richard-li-finally-privatise-pcrd.html

 

debronic      ( Date: 17-Apr-2015 08:38) Posted: PCRD&rsquo s share price has doubled over the last 3 years to a multi-year high of S$0.345 as at 16 April 2015 but yet remains very much undervalued. With the Company aggressively buying back its shares and reducing its public float to just above 13%, we think there is a good chance that this will be the year Richard Li finally privatises the Company.  http://stockresearchasia.com/1/post/2015/04/pacific-century-regional-developments-ltd-pcrd-will-richard-li-finally-privatise-pcrd.html

 

We must be mindful that PCRD is probably a cornered stock due to the small free float and with the company perform stock buyback as a backstop in the event the stock drops. Hence, technical charting is not able to predict its price movement of any cornered stock. Most importantly one must avoid shorting any cornered stock as such action is a sure loss making disaster. My view on price movements (only price movement and nothing else) for cornered stocks should taken from the precedent of the price movements of the Blumonts. The good thing for PCRD is that fundamentally it has a strong cash flow of at least $65M every year from dividends fro PCCW and HKT. In other words, I think PCRD should be able to reach $0.55 in the next 1 to 2 weeks supported by RNAV fundamentals. This price is very least fundamentally. When the cornered stock situation kicks in, the stock price can be really high like other cornered stocks in the past.

Vested.😀

 

Very true.  I believe now is just about the investor/speculators confidence.

I think at this point, for this stock, whatever FA, TA or QA also can throw out of the window.

It has been moving very steadily for the last 2 weeks.  If can break 45 cents, perhaps we can see 50 cents too.

justinetan      ( Date: 01-May-2015 10:19) Posted: Based on the analysis of balance of free float, buying trend, selling movement and volume patterns, this stock cannot be analysed using traditional analysis modelling.

 

Purely from a TA viewpoint, if share price could convincingly break 45, there would be further upward climb (towards a final hurrah I believe) althu we need to be mindful of PCRD being in overbought territory for  over two weeks and may need a rest at a support level (e.g. 44).

Best wishes to PCRD shareholders and have a great long weekend!

 

Based on the analysis of balance of free float, buying trend, selling movement and volume patterns, this stock cannot be analysed using traditional analysis modelling.

 

Hi, just curious but how do you know? Based on what info?

justinetan      ( Date: 30-Apr-2015 22:30) Posted: Looks like the selling in PCRD is complete and now ready for the next phase of stock price moving up.

 

Looks like the selling in PCRD is complete and now ready for the next phase of stock price moving up.

 

Felt sorry for the super long-term shareholders who bought at high price. Thankfully, PCRD has been kind to me.   Let' s see if there is good action today!

 

Those stuck at high ptice finally got chace to redeem yourself...lol

 

agreed, as long as make some money it' s considered not bad already lah. most ppl lose money in the market.

fruitfulness      ( Date: 29-Apr-2015 23:30) Posted: Though not dying, this has been an unloved stock (like Singtel in ASX.  PCRD is very much PCCW in SGX)   It very much came to life only in recent months ...  so for some shareholders like myself, it will be good to get out when the share price reaches or overshoots its fair  value, when there is much excitement generated from the share buyback and  possible privatization ...

 

Though not dying, this has been an unloved stock (like Singtel in ASX.  PCRD is very much PCCW in SGX)   It very much came to life only in recent months ...  so for some shareholders like myself, it will be good to get out when the share price reaches or overshoots its fair  value, when there is much excitement generated from the share buyback and  possible privatization ...