Hi Happin , If sudden surge in price let say 15-20% will sell off first and buy back later. If the trend like now up a bit a bit will hold it for long term...how many lot you have?
No.1 volume today because of married deal involving 123,654,000 shares. OK, this is big time. Who sold? and Who bought? Bought - i make a guess. Quek Leng Chan. Sold - no idea. Anyone wants to share? The married deal price was 61 cents a share. Quite a big discount to the market price. Now doing 72 cents, up 2 cents for the day. Seller needs to raise $$$$???? :laugh: More interestin ting is, Whoever bought it should be looking for at least 90 cents fair value - about 50% profit, otherwise taking big gamble on big money..... Just my 2 cents worth. Anyone else got a view on this, pls share.
punch your calculator : the married deal was worth $75.4 million, my friend. who on earth can do this purchase, hor? except Quek Leng Chan. deal transacted just after 2 pm - there must have been a lot of yam-seng-ing and shoulder rubbing at lunch. :laugh:
GuocoLeisure - could it be a gem or a multibagger? I like Sebastian Chong\'s views as posted yesterday in his website shareowl.com where he believes Quek Leng Chan is going to privatise the company.
If future outlook is not great, QLC would not be buying -- not even at 61 cents. CDL Hosp Trust just bought 5 Australian hotels totalling over 1,000 rooms for just A$175. Their replacement cost is much more than double the purchase price. Likewise, the replacement cost of the London and other UK hotels of GuocoLeisure is likely to be much more than their book values and the current market value of the oil and gas concession at Bass Strait is very much more than its book value. And yet the book value per share is US 75 cts as compared with the current share price of S$0.62. QLC never (or very seldom) over-pays for his acquisitions. And he and his uncle was smart enough to convince DBS and Jackson Tai etc that Dao Heng Bank in HK was worth 3.3 times book value. DH Bank\'s net asset value was 3.3 billion SGD and the goodwill paid was 6.7 billion SGD. Well, time will tell. QLC has the incentive to privatise GuocoLeisure before the STI runs up to over 3,000 so that he need not offer more than 90 cts to succeed. In 2005, he offered 1.20 in a more bullish market but only managed to secure slightly over 50% stake in GuocoLeisure. When 2012 comes with the London Olympics and probably much higher oil price than now, he may be able to sell off 100% of GuocoLeisure at well over SGD 2.00. Another repeat of his Dao Heng Bank saga.
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