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Attended the 30 April AGM at the hotel opposite Istana...Hotel will be torn down and made way for 2 new hotels on existing and neighbouring sites-Chairman assure investors dividend of 5% will be maintained for next 3 years even the new hotels scheduled for complation in 2015.With deposits of 159mil,comprising A$ 53mil and NZD 102mil and other currencies,I think the hotel can keep to its promise
Sitting on a very very expensive piece of land.
In my opinion, worth a bet.
starlene ( Date: 10-Feb-2012 23:27) Posted:
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Wonder are they going ahead to upgrade/rennovate their hotel near Istana..last AGM attended,lloks like management want to rennovate the run down hotel
Yr record, low vol, other sifu observed as well. 2day, so far no trading.
Hope, it will spark some light, when good news come near. Cheers.
Yr high 1.06 n low 0.44.
It's time to nibble and buy using cpf and the AGM in Mar/April,the dividends can be used to convert into its mother shares
television ( Date: 29-Apr-2008 22:58) Posted:
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30 April is the AGM and EGM.worth accumulating.Among the only hotel stocks <$1 and I heard its dividends can be converted into > shares inlieu of cash
august ( Date: 19-Jan-2007 21:58) Posted:
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Vested in my CPF since 1996 at bout 40cts..and has been attending its AGM and EGM without fail.Its main jewel is situated next to Istana but mgt is reluctant to tear it down to redevelop as mgt niche is in budget hotel or 3/4 star hotel mgt.Its recent acquisition of little India site shows the mgt skill /expertise probably in 3/4 star only..its dividends can also be exchange into share scripts and there is still S44 tax credits not used up yet and probably need to be utilised by end 2007.recently gave out bonus 1 for 20 shares was indeed miserable and laughed at during AGM-create history so miserable but at least pander to sh holders' demand since last AGM..with high hotel occupancy 86% and > hedge funds..expect H Grand Central to hit $2.00
If H Plaza at $2.28 as at 25Jul 2007...time for H Grand Central ($1.30) to catch up
Ex bonus recently 1 for 20shares...acquire a plot near little India and sold an oversea hotel...gd potential for HGrand Central...potential for redevelopment...near Orchard/Istana
IT'S A BUY FOR THIS STOCK, as it's even as good as orchard parade, check it out, before the breakout.
still very good buy , as orchard parade is up 35%
Absolutely!! This is a penny stock that provides august (splendid) returns. So pick a few pennies from here;)
Yearly dividend = 11+%. If you invest and hold the share for years , ignoring the fluctuation , and reinvest it's dividend: you will have received a 100% return within 8 years. Which bank can provide this kind of return ???
This is because it is tightly held and has small capitalisation. Good dividend and potential high capital return though .
This counter has really bad volumes..
Today an increase in checking-in at this Old Grand.