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Trading within 1.91- 1.98 band since mid-Jan. Last done $1.97.
DBS, the financial adviser to MYK Holdings, announced that Mr Cheong's total ownership in SC Global had reached 90.361 per cent.Among those who agreed to the offer was Wheelock Holdings, which tendered its acceptance for its entire 17.9 per cent in SC Global.
WallStreet3 ( Date: 17-Jan-2013 16:31) Posted:
WHEELOCK PROPERTIES ACQUIRES ADDITIONAL SHARES IN SC GLOBAL DEVELOPMENTS LTD Singapore, 13 December 2012 – Wheelock Properties (Singapore) Limited (“Wheelock”) announced the purchase today of 1,066,000 shares in SC Global Developments Ltd. at the price of about S$1.81 from the open market. As a result of such purchases, Wheelock holds approximately 16.09% of SC Global shares. “In our assessment, the current share price represents a discount of some 40-50% of RNAV, and we would be unable to buy property assets directly at anything like these prices,” said Ms Tan Bee Kim, Senior Executive Director at Wheelock. On 5 December 2012, SC Global Chairman and CEO Mr. Simon Cheong made a voluntary unconditional cash offer (“Offer”) through MYK Holdings Pte. Ltd. for all remaining issued ordinary shares of SC Global at S$1.80 a share. Wheelock has appointed Goldman Sachs (Singapore) Pte. as their financial adviser in relation to the Offer.
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WHEELOCK PROPERTIES ACQUIRES ADDITIONAL SHARES IN
SC GLOBAL DEVELOPMENTS LTD
Singapore, 13 December 2012 – Wheelock Properties (Singapore) Limited (“Wheelock”) announced
the purchase today of 1,066,000 shares in SC Global Developments Ltd. at the price of about S$1.81
from the open market. As a result of such purchases, Wheelock holds approximately 16.09% of SC
Global shares.
“In our assessment, the current share price represents a discount of some 40-50% of RNAV, and we
would be unable to buy property assets directly at anything like these prices,” said Ms Tan Bee Kim,
Senior Executive Director at Wheelock.
On 5 December 2012, SC Global Chairman and CEO Mr. Simon Cheong made a voluntary
unconditional cash offer (“Offer”) through MYK Holdings Pte. Ltd. for all remaining issued ordinary
shares of SC Global at S$1.80 a share. Wheelock has appointed Goldman Sachs (Singapore) Pte. as
their financial adviser in relation to the Offer.
Wheelock, if you top management don't really know what you are doing, then don't bother to buy more than 1 million SC Global shares at $1.805 .
Your purchase and director statement sent wrong signal to many investors thinking SC Global share is worth more than $1.80 per share.
If you had not done so, SC easily will get his privatization deal, share price remians at $1.80 and many minority investors will not bother to buy higher than $1.80 and thus will not lose $.
Now you bought millions of SC Global shares at $1.805 - $1.815 and then accept's SC offer at $1.80 per share. The 'coolest' thing in corporate history. Hehe.
2 things will always remember :
1. CLOB issue
2. Wheelock buy millions of SC Global shares at $1.805 - $1.815 and then accepts SC 's offer at $1.80 per share. Hehehehehehehehe .................
Another potential stock to go private (with very low trading volumn) with an NAV of $267
tonylim ( Date: 06-Dec-2012 09:16) Posted:
This stock will reap huge profit from the delisting of SC Global at a premium price of 45% above the current price. Expecting special dividend soon.
tonylim ( Date: 12-Jul-2012 11:58) Posted:
| Watch out for this stock - slowly but surely creeping up. Consistent 6 cents dividends every year |
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This stock will reap huge profit from the delisting of SC Global at a premium price of 45% above the current price. Expecting special dividend soon.
tonylim ( Date: 12-Jul-2012 11:58) Posted:
Watch out for this stock - slowly but surely creeping up. Consistent 6 cents dividends every year.
j3r0m3 ( Date: 05-Jun-2012 11:37) Posted:
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Watch out for this stock - slowly but surely creeping up. Consistent 6 cents dividends every year.
j3r0m3 ( Date: 05-Jun-2012 11:37) Posted:
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Didn't think it will keep going up so I sold at 1.8... " wasted" ..
This is compliance report la. Everyone say same thing 1. U think they say, o it shot up cos i release insider news to my buddies den they all buy up meh
Investor65 ( Date: 17-Mar-2012 20:06) Posted:
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RESPONSE TO SGX-ST QUERIES REGARDING TRADING ACTIVITY
The Board of Directors of Wheelock Properties (Singapore) Limited (the "
The Company wishes to announce as follows:
Question 1 : Are you aware of any information not previously announced concerning you (the Issuer), your subsidiaries or associated companies which, if known, might explain the trading?
Response : To the best of its knowledge, neither the Company nor (to the best of their knowledge) the Directors are aware of any material information concerning the Company, its subsidiaries and associated companies that might explain the substantial increase in price of the Company's shares.
Question 2 : Are you aware of any other possible explanation for the trading?
Response : The Company is not aware of any other possible explanation for the trading.
Question 3 : Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Response : The Company confirms that it has complied with the listing rules of the SGX-ST and, in particular, listing rule 703.
By Order Of The Board
Tan Ling Company" ) refers to the queries by the Singapore Exchange Securities Trading Limited (" SGX-ST" ) regarding the substantial increase in the price of the Company’s shares on 16 March 2012. |
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RESPONSE TO SGX-ST QUERIES REGARDING TRADING ACTIVITY
The Board of Directors of Wheelock Properties (Singapore) Limited (the "
The Company wishes to announce as follows:
Question 1 : Are you aware of any information not previously announced concerning you (the Issuer), your subsidiaries or associated companies which, if known, might explain the trading?
Response : To the best of its knowledge, neither the Company nor (to the best of their knowledge) the Directors are aware of any material information concerning the Company, its subsidiaries and associated companies that might explain the substantial increase in price of the Company's shares.
Question 2 : Are you aware of any other possible explanation for the trading?
Response : The Company is not aware of any other possible explanation for the trading.
Question 3 : Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Response : The Company confirms that it has complied with the listing rules of the SGX-ST and, in particular, listing rule 703.
By Order Of The Board
Tan Ling Company" ) refers to the queries by the Singapore Exchange Securities Trading Limited (" SGX-ST" ) regarding the substantial increase in the price of the Company’s shares on 16 March 2012.
Wheelock: OSK-DMG last wk had mooted the idea that the privatization scenario by parent Wheelock & Co, could be revisited, following the demise of its CEO David Lawrence.
OSK has a Trading Buy rating with TP $1.87, 30% discount to its RNAV estimate of $2.67.
Under a privatisation scenario, OSK assumes a takeout price of $2.18, based on a 10% discount to NAV. Notes that in 2010, the parent had privatised the immediate holdco of Wheelock, Wheelock HK at a 144% premium to its last traded price and at a 3% discount to book value, in a move to streamline the group's shareholding structure.
Closed 1.860 +0.240 (+14.8%)
SGX Website
Announcements
This is a solid company with good dividend - usually at least 6 cents
bsiong ( Date: 21-Feb-2011 17:56) Posted:
Wheelock posts 76% rise in full-year gross profit to $330m
Wheelock Properties, the luxury property developer, today announced a revenue of $572 million and gross profit of $330 million for the full year ended 31 December 2010.
This is an increase of 48% and 76% respectively when compared to financial year 2009 led mainly to higher revenue recognition from Scotts Square based on construction progress and from the sale of units in Orchard View in FY2010. Gross profit margin improved to 58% from 48% last year.
The group’s investment properties also saw an increase of $55.5 million as a result of the fair value gain on the revaluation of Wheelock Place, which was revalued from $794.5 million to $850 million.
The group has a healthy Cash and Cash equivalents position of $861 million as at 31 December 2010 as compared to $759 million held as at 31 December 2009. This increase was largely attributed to the progress billings from sales of units at Ardmore II and Scotts Square as well as sale of units in Orchard View in FY2010.
Wheelock says its revenue and earnings will be further bolstered by the recognition of remaining profits on sold units at Scotts Square. Progress billings between 45% and 55% have been served on Scotts Square and we expect to achieve 85% in 2011 when the project obtains its Temporary Occupation Permit (TOP). About 100% of profits will also be recognised on additional units sold in the completed Orchard View.
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Wheelock posts 76% rise in full-year gross profit to $330m
Wheelock Properties, the luxury property developer, today announced a revenue of $572 million and gross profit of $330 million for the full year ended 31 December 2010.
This is an increase of 48% and 76% respectively when compared to financial year 2009 led mainly to higher revenue recognition from Scotts Square based on construction progress and from the sale of units in Orchard View in FY2010. Gross profit margin improved to 58% from 48% last year.
The group’s investment properties also saw an increase of $55.5 million as a result of the fair value gain on the revaluation of Wheelock Place, which was revalued from $794.5 million to $850 million.
The group has a healthy Cash and Cash equivalents position of $861 million as at 31 December 2010 as compared to $759 million held as at 31 December 2009. This increase was largely attributed to the progress billings from sales of units at Ardmore II and Scotts Square as well as sale of units in Orchard View in FY2010.
Wheelock says its revenue and earnings will be further bolstered by the recognition of remaining profits on sold units at Scotts Square. Progress billings between 45% and 55% have been served on Scotts Square and we expect to achieve 85% in 2011 when the project obtains its Temporary Occupation Permit (TOP). About 100% of profits will also be recognised on additional units sold in the completed Orchard View.
hey.. The stocks are still way below their peak despite record prices been done on the actual mkt !
With asset inflation and QE2.. QE3,.,,, think tis is a better hedge against inflation !
Sell Property stock as they are the leading indicators. Their peak is over.
Hmmmm... This breaks $2.00 ! Any chance of privatisation at huge premium ?? hehehe
Yes, it is me !
chyn_no ( Date: 17-Aug-2010 22:57) Posted:
| anyone eyeing on this counter.MACD and RSI look promising.. |
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