2nd Liner Prop Stocks

3 weeks already have passed since the surprising news of Ray's resignation. Mr Market already knows the reason(s), and has re-rated the stock upwards from as low as 83 to 90 today. Potatolover, doesn't it seem that the selling 3 weeks ago was unjustified?

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Heeton: unusually high volumes on the sell side recently, but these were well absorbed by the market and did not lead to new lows. Insiders are also buying at current levels, which is positive and a reminder that the majority shareholders own about 70% (about 31.3m) of the warrants which expire in Sep 15, and has a conversion price of 70ct.

If I am not wrong, they are likely to exercise these warrants, bringing in cash into the company while increasing the majority shareholders’ stake in the company, if other warrant holders do not exercise their warrants.

On that note, the majority shareholders may not push the stock up above 70ct prior to the expiry of the warrants so that they can increase their stake through the non-exercising of warrants by others. But certainly around 60ct, they could continue to accumulate.

We can pay attention to the launch of Heeton/Koh Brothers’ EC project in Jurong next. The Lake Life EC had been well received (close to 100% sold) recently. Lack of EC launches in Jurong could bode well for the JV’s project at Westwood, part of which has a rather good view of the natural environs of Tengah reservoirs and forest reserve.

KSH: stock has been stagnant for some time, probably due to lack of catalysts. However, Lian Beng recently announced good results and part of it is attributed to the recognition of revenue and profit from 2 highly profitable JVs – Newest and KAP – which KSH (and Heeton) are also partners. This will mean KSH and Heeton will also start to book profits from these ventures this quarter, perhaps in a more meaningful way.

If I am not wrong, one of its projects Cityscape also received TOP last quarter, and this should further contribute to profits.

There is also a higher than usual quantity of selling these few days at KSH but so far, it is well absorbed. The company has also been seen buying back shares at current levels previously, and the biggest minority shareholder Prof Yip could also be absorbing the selling.

CES: I have not made any projection on FY15 results, but fundamentally nothing much has changed for the counter.

Disappointed with KSH. Despite a 71-cent target price by OCBC for so long, the share prx cannot head in that direction. The one thing that keeps me holding is the Prof Yip's words in this article:

www.nextinsight.net/index.php/story-arch...lder-of-ksh-holdings

@ Roxy-Pacific briefing today. CFO Koh Seng Geok (red tie) & CEO Teo Hong Lim (far right).




2014 was the 10th consecutive year of record earnings for Roxy. Look out for our report!

Prof Yip bought some more KSH shares, and now owns 28,903,000 shares worth around $15 million !!! I do not know of any academic with such a high net worth and that's just 1 stock. Who knows what the rest of his portfolio is stuffed with and the value.

infopub.sgx.com/FileOpen/_eFORM3KSH.ashx...cement&FileID=339088