Fragrance   

Fragrance

got special div plus 1 for 1 bonus.....good company never fails to reward shareholders. 2 Thumbs up up up

 

Stake holders (GP Hotel's)  got plenty of ammo left, depending on them, think they will punt and trade awhile to maintain stablity, very good buy coming into play once it reach ipo price.

jamesng      ( Date: 29-Apr-2012 23:18) Posted: From 30+ cents to current price, are there any fundamental change except that the hotels are listed separately? I think both are likely to trade lower...

 

Just for info sharing, last done at on last Friday 27-04-12.

Fragrance       Last Done: 0.415     Volume: 11,490,000      -0.03cts

starlene      ( Date: 27-Apr-2012 14:07) Posted: GPH may go under ipo 26cts...matter of time and the take off on first day not spectacular so the disappointment in Fragrance ..sold off at 47cts not interested  in its dividend though after ex it was artifically pushed to 51.5cts,may break below 40cts...was pushed up from 33-35cts to current level because of impending ipo of GPH..during Japanese tsumani it was at 24-27cts..after 1 for 1 bonus adjusted so difficult to go up .The director Mr Koh is a billionaire because of his Fragrance stakes starlene      ( Date: 27-Mar-2012 16:29) Posted: Took my profit at 47cts this a.m..bought 28cts,30,33cts....dividends too paltry not worth the risk after today or fri window dressing over lah

 

From 30+ cents to current price, are there any fundamental change except that the hotels are listed separately? I think both are likely to trade lower...

 

This counters will let the newly born GP hotels to stabilse first, meanwhile Fragrance  is looking attractive for collection...timing for collection is all up to vested stake holders.

Fragrance may trade to lower low, for collection purpose, (volume need to be lower as well) 

 

See page four, hope it go back to 0.50cts.

http://forum.channelnewsasia.com/showthread.php?66181-Global-Premium-Hotel-IPO/page4

commando      ( Date: 28-Apr-2012 21:47) Posted: I still have some shares stuck at 50cts leh.....results on 15 May 2012 hope for some good news.. GP Hotels giving back Fragrance78m for the hotels

 

I still have some shares stuck at 50cts leh.....results on 15 May 2012 hope for some good news.. GP Hotels giving back Fragrance78m for the hotels

 

Fragrance

CPF

Op-0.445

Last done-0.410

-0.035cts

-7.9%

volume changed hands - 6,560,000

http://forum.channelnewsasia.com/showthread.php?66181-Global-Premium-Hotel-IPO& p=422987#post422987

 

Is this still a good stock to own? 


Copied from http://www.puntersgallery.com

Fragrance spins off hotel subsidiary (SGXNET)


Goh Han Peng, (6232 3893, [email protected])
Terence Wong, CFA (6232 3896, [email protected])


The news: Global Premium Hotels (GPH) will be the most high-profile hospitality listing on the SGX
after the listing of CDL Hospitality Trust in 2006. GPH is the hotel spinoff from Fragrance Group,
which will retain a 55% stake in the group post-listing. Its initial assets comprised of 22 ownedhotels
with a market value of $739m, of which 19 are freehold properties and 1 is on 999-year
tenure.

As part of the IPO exercise, GPH is issuing 450m new shares at an indicative price range of
$0.25-0.28/share, giving it an initial market capitalization of $250-280m based on the enlarged base
of one billion shares. GPH currently operates 2 hotel brands: 1) Fragrance Hotels, which operate in
the economy-tier segment with average room rates of $50-150 per night 2) Parc Sovereign Hotels,
which operate in the mid-tier hotel segment. The group expects to be a key beneficiary of strong
tourist arrivals to Singapore, with a CAGR of 2.7% to 22m trips by 2015.

Growth will also be fuelled by more affordable travel in the region with the growth of the low-cost carrier industry and limited
supply of budget accommodation in the pipeline, underpinning firm occupancies and room rates.
Due to its no-frills operations, GPH is able to achieve gross margin of 86-88% compared to its
sector peers at around 50%. The group has committed to a dividend payout of 80% of 2012 net
earnings, translating to a yield of 5.7-6.3%.


Our thoughts: We expect the listing to be well-subscribed given the scarcity of liquid plays in the
sector and the resilience of the segment in past downturns. Investors will also want to ride on the
tailcoats of Koh Wee Meng, founder of Fragrance Group, who grew the company from a market
capitalisation of $50m at its listing in 2005 to a $1.5b company today through a series of recordsetting
financial performance. However, GPH’s valuation is not cheap at 0.9x P/BV compared to
the sector which is trading at 0.7x P/BV. Moreover, as part of the restructuring exercise under which
Fragrance sold its hotels to GPH, high debt was introduced into GPH to fund the purchase. Post-
IPO, the group will have an asset gearing of 60%, higher than the REIT sector’s average of 30-40%.


The high debt burden will impact on financial performance through interest expense, and will also
affect the rate of expansion if the group does not want to stretch its gearing further. All things
considered, we recommend a stag on the IPO, with a target of 32 cents based on a 5% forward
yield. 

 

 

Hope the subscrition is good with good take up. I will also buy abit  of it IPOto make some coffe money.

Good luck to all.

 

FYI, public ballot starts today. End 24th April. GL!

 

Fragrance listing it hotel:   

Global Premium Hotels: Registered IPO At S$0.26 Per Share.

19 Apr 2012 09:32 Global Premium Hotels Limited operate one of Singapore's largest chains of hotels with 23 hotels, of which 22 are operated under the " Fragrance" brand and one hotel under the " Parc Sovereign" brand. The Company provide economy-tier and mid-tier class of accommodation with 1,738 rooms in Singapore. The Company own all its hotels save for Fragrance Hotel, Elegance. As at 31 October 2011, the market value of all the 22 hotels which the Company own amounted to S$747.6 million...



It is positive to fregrance. It should cross Tp:$0.80 very soon.

Do vest and good luck

 

Looking at the chart, good  chances of crossing  0.50 then next target 0.60 and maybe 0.70 or 0.80. Who is very expert in technical analysis? What do you see?

starlene      ( Date: 12-Apr-2012 11:39) Posted: Will listing of its subsisiary Global Premium Property give Fragrance another lift...bottem at 42cts..   FRAGRANCE has rebounded from support level FRAGRANCE has been in a strong rally and has rebounded from the recent pullback. A bullish crossover signal has been detected in the oversold Stochastic oscillator suggests a bounce in price. FRAGRANCE may test its immediate resistance level at $0.49.

 

.465 Cents

 

Turning down - corrective mode

 

45 cents ....  STI - UP. Fragrance - DOWN. What happen, anyone know?

 

Even Koh Wee Meng can't answer your question, U think your broker v. power meh ?

 

 

heisuke, consult your broker on this. 

heisuke      ( Date: 26-Mar-2012 17:59) Posted: Was wondering whether to realize the profit now or risk waiting till after the dividend. Price might nose-dive once dividend is given out? :s sanuks      ( Date: 26-Mar-2012 12:47) Posted: stagnant, 46 cents.

 

Was wondering whether to realize the profit now or risk waiting till after the dividend. Price might nose-dive once dividend is given out? :s

sanuks      ( Date: 26-Mar-2012 12:47) Posted: stagnant, 46 cents.

 

stagnant, 46 cents.