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Metro ups stake in Top Spring Int'l
Department store operator Metro Holdings is deepening its investment into the property sector. The group announced yesterday that it is acquiring a 13.66% stake in Hong Kong listed Chinese developer Top Spring International Holdings (TSI) for HK$528.7 million (S$85.7 million), and plans to further raise its stake in TSI going forward.
The cash transaction translates into Metro paying HK$3.35 for each TSI share it is acquiring, compared with the HK$3.07 that TSI last traded at on Dec 5 - a day before the deal was announced. Metro said the price took into account " a price premium for a significant single shareholding block" . The stake, to be sold by some minority shareholders, will lift Metro's current 6.11% holding in Top Spring to 19.77%.
The group said yesterday that it has plans to increase its stake to at least 20%, and may seek a board seat on TSI, though these moves are dependent on market conditions. ...last: $0.840...
dividends coming ...95.5ct now
Metro Holdings posts 81% fall in Q4 net profit to $14.9mil
Metro Holdings, the property and retail group, said it posted a 81% drop in net earnings to $14.9 million for its fourth quarter ended March 31, 2013 (4QFY2013) from a year ago.
This sharp fall was due to a decline in other income to $5.4 million from $102.1 million in the fourth quarter of last year (4QFY2012) that included a $98.7 million gain on disposal of the group’s 50% stake in Metro City Beijing.
...recent high: $1.025 .... last done: $0.985....
...take such a looong time to reach ...... $1.000.....
Metro BIG sale going on.....
Hold it steady
justin1979 ( Date: 10-Jul-2012 14:05) Posted:
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profit including price up + dividends $0.06, paper gain 10%++ ,not selling yet. hehe
Yes, yes....Metro and Stamford land will cheong now.....with their dividend
justin1979 ( Date: 06-Jul-2012 13:37) Posted:
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so far so good, today announce dividends $0.06~ wish all of Metro's shareholder huat ah~
Look like someone is collecting at this level.......
Thanks....
I have earned from Metro a lot of times.....hope can continue to do so....
Even a batch that I brought high at $1, after all dividend and the bonus issue, I still gain....
In the longer term, I think Metro will worth more...I like the stake in Tesco in various cities of china
just based on 60mins chart, today most shares traded at $0.790, the stochastic towards upward. based on the chart, if this counter need to rally up, it should break up $0.800 to make MACD golden cross...just personal opinion...no any recommendation yah. wish you huat in stock market.
Justin, can tell what is it? I dont understand chart....
Just for sharing, trade as your own risk yah.
The 6 cents dividend announced weeks ago and should be discounted in share price by now. After XD, share price will be adjusted accordingly and maybe be more than 6 cents. From past records , metro share price always adjusted more than dividend declared. Will it be exceptional this time ?
After XD , what can shareholders expect ? No asset sales no special dividend. JO prefers to conserve cash for his future fat remunerations.
yeah~, wish all of us huat in this counter! huat ah~~
Sure......so far, metro had been very good to me. I hope it can continue to do so.....
aiyo...where got 100% guarantee? however, that $0.06 dividend shd giving out soon. atleast once we bought, we can get 7.5% interest, higher than current bank fixed doposit 1.8%/annum. somemore, this com keep giving dividend every year.
http://www.sharesinv.com/tcpro/?stock%20code=M01
the link is metro hldg fundamental info
Pal, sure???
Then I buy more then.....:) :) :)
based on ascending triangle pattern, once it sets off, the target price shd be around $0.930. since this stock going to give dividends $0.06 (7.5% dividend yield). It's good to load some and holding