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not so simple.
if they want to privatize it, they would have offered say @ 30 cts when share price is low around 20 cts.
So, i expected some profit-taking from all parties. If you based on HK Bull Run price of the respective holdings, then smart but not very smart ?
Big rally coming,,, market share lesser and lesser mean Richard Li can buy cheap cheap for delisted
Another going privatize RELISTED AT SINGAPORE,,,,SGX MUST TAKE NOTE, JARINE GROUP ALREADY WAITING FOR MOVE BACK TO HONG KONG,,,,,,sinarmas land
Yes the legacy ownership are not mark-to-market. Based on today's valuation, the 21.3% in PCCW and 1.9% in HKT are worth approximately S$1.6 billion +/- 10% deviation. This excludes any cash on hand. As such, RNAV of PCRD is at least S$0.55.
oh right my apologies.
their legacy holdings are not mark to market? but held at cost, thus the need for RNAV?
justinetan ( Date: 26-Jan-2015 16:56) Posted:
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This is worked out based on the shareholdings of 21.3% of PCCW and 1.9% of HKT
where did u get RNAV figure from?
justinetan ( Date: 26-Jan-2015 13:55) Posted:
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Looks like PCRD $0.275 resistance has been firmly broken and moving up to $0.295.
PCRD's RNAV is about S$0.55. At 30% discount due to holding company discount, PCRD should be trading at $0.385. Maybe today's breakout move will bring the share price to the $0.385 level.
At long last, it breaks 27.5 cts! Hopefully, it will go into a sustained rally. Time for privatization annoucement?? Such an undervalued stock! PCCW in HK is trading close to a PE ratio of about 20 times whereas PCRD (which consists of abt 90% of PCCW shares) is trading at a PE ratio of 10.5 times in SGX ...
Stock buyback is now at cloae to 9.5% of total share capital. There is another 17.2 million shares allowed to purchase for company stock buyback under the current shareholder mandate.
Richard may want to inject his asset management business (Pinebridge) and insurance business (FWD) into PCRD.
Li Kashing is superb !
Now that Richard Li and associates have about 84.9% of PCRD shares, I think Richard Li can seriously make a delisting offer of between 32c and 35c per share each. It will be a win-win situation for him and majority of shareholders. (Sorry to those holding before 2008) Afterall, there are no more SSH. Some of the 38 parties/persons from last year owning more than 1000 lots each must have already sold out during the share buyback. The remaining 5 to 7 thousand shareholders own less than 6% of PCRD shares. Continuing to list in SGX is really a waste of time and money. It is not well valued here.
From a probability perspective, you should be right. The only thing is the timing of the share price moving up.
I think they will only buy back at 26.5 until ppl stop throwing. Naturally the price will have to go up with lower free float
justinetan ( Date: 11-Dec-2014 21:16) Posted:
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Today's share buyback is not significant.
usually early morning no action... soon the millions will start flowing.. haha..
Let's see how things will evolve in the today's trading session.
Who sell 10% stocks to them? Why not waiting until Richard li announce the delisting? Nav should deduce the amount they used to buy back shares.
jwong016 ( Date: 10-Dec-2014 23:05) Posted:
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