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Still going up strongly!
KWM did not buy anything last Friday. Today not sure but unlikely. Went up so much in half an hour today. I have sold to take profit.
HVRRVH ( Date: 04-Jul-2014 09:23) Posted:
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365c..
i do not think kwm can buy above his offer right/??
Will hit 345 today, I am sure KWM is not buying at this price. Look out for sgx announcement tonight )
shygiraffe ( Date: 04-Jul-2014 09:18) Posted:
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34c
He is supporting the share price to prevent it from falling.
Good to invest in this kind of company.
Bluechipfan ( Date: 02-Jul-2014 22:08) Posted:
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Mr KWM bought the share almost on daily basis for a month at the price of 0.325 per share. He has not been buying for the past 2 days and the price closed 0.335 and 0.33 yesterday and today respectively. No retailers friendly :(
Someone still holding on tot the odd no. Of shares for this? Today or tomorrow is last day?
yup.. just in case owner goes to watch world cup for one whole month and never queue at 32.5 cents ... then better run lo..
Secret_Squirrel ( Date: 22-May-2014 22:33) Posted:
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Owner playing is better than no one playing.
divads ( Date: 22-May-2014 19:02) Posted:
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this stock only owner playing :)
One day if he withdraw his 4000+ lots buy queue at 32.5 cents, then run lo
orangekun ( Date: 22-May-2014 19:01) Posted:
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The owner is buying more. His holdings is only at 60+%.
At $0.33 Global Premium hotel is trading at 0.51 times book value
At current price, buyers is like pay $0.50 cts for $1 dollar worth of asset ......very good value
Global Premium hotels are mostly sitting on freehold land.
Its a good hedge against inflation.
Guarantee to make money if one have the tenacity to hold for long term , the caveat is share price is decided by major shareholder.
smallbirdie ( Date: 05-May-2014 21:36) Posted:
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Having been not successful to merge with ASX, it seems the transaction volume has gone from low to lower
What need to be changed ?
sanuks ( Date: 04-May-2014 21:13) Posted:
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scalper queuing on both sides of gp hotel everyday. anyone with the risk appetite can run through either side to take money from him
Share drop below takeover price of 33c.. Good or bad ?
Mr Koh is gobbling GP Hotel bit by bit. Good or Bad?
Married Deal
| 10:25:55 | Mid | 0.325 | - | 27,000,000 | 27,000,000 |
How come this counter traded so heavily today? Usually few k lots the most.
May 4, 2014 1:00 pm JST
Singapore Exchange struggles to keep companies from delisting
ASUKA KONDO, NQN staff writer
SINGAPORE -- The Singapore stock market is struggling to keep its claim as one of the essential exchange hubs of Asia, as several prominent stocks have recently delisted from the exchange.
CapitaLand, Southeast Asia' s biggest property developer, announced April 14 a plan to buy out minority shareholders in its shopping mall operating unit, CapitaMalls Asia, and delist the subsidiary from the Singapore Exchange (SGX).
The announcement sent CapitaLand' s stock up 11% and CapitaMalls up 23% by the end of the month. The news also inspired speculative buying across the real estate sector on expectations of similar buyouts.
The day after the CapitaLand announcement, the founder of Hotel Properties, which runs a luxury hotel in the heart of Singapore, offered to buy out the company. The founder, a renowned hotel tycoon, has partnered with a Hong Kong real estate group for the bid and will delist the hotel operator if enough shares are tendered by shareholders.
This spate of buyout bids by parent companies or their managements started with United Industrial, a property developer, which announced a plan in February to acquire all stakes in its subsidiary, Singapore Land.
This was followed in March by the management of Fragrance Group, a property developer, offering to buy out its own subsidiary, Global Premium Hotels.
More out than in
CapitaLand said it will delist CapitaMalls to simplify its corporate structure and use its management resources more flexibly. Other buyout bids have cited similar reasons, in addition to the low liquidity seen in the shares of subsidiaries.
But trading led by investors seeking to profit from price rises in connection with delistings is not good for a stock exchange. Namely, minority shareholders have almost no choice but to tender their holdings. CapitaLand' s offered price for CapitaMalls is 1.2 times the company' s net assets per share, down from 1.55 times three years ago when the subsidiary was listed.
The SGX can weather such delistings as long as trading on the exchange remains healthy. But the SGX is losing companies. As of March, there were 767 companies listed on the exchange. Three years ago, it had 785. And debuts per month rarely outnumber issues removed from the exchange of late.