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share buy back at 0.14.. but gt substantial holder throw.. so will struggle awhile 1st.. but unlikely to fall to much
pity it cannot close at 0.5c up even though the majority was done at 0.135.
what happened to the share buyback?
The sale price of 2 wuxi land will be around the same as that sold in Oct 2009.So contributions toward the P & L is insigficant .Only the shanghai land in Ludian district will create big splash .So The shanhai land when sold will be the catalyst for investor to jump into the bandwagon.
Wussy land is good!.. i mean wuxi land..keke
China New Town Development Company Limited is pleased to announce that the Company has handed over two residential plots from Wuxi Hongshan Project to local Land Reserve Centre for public auction on 19 January 2010. The site areas of the land parcels and are approximately 53,769 and 65,911 square meters respectively representing gross floor area of approximately 55,061 and 74,150 square meters respectively.
total land 129211 sqm x S$ 385 = S$ 49,746,235 profit if the price remain as Oct 2009, but which pro price soring at China, guess will be more!!
starting some land sales for wuxi. hope can provide some catalyst for upward movement tomorrow.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1FE9DFE09CFA41B4482576B000355457/$file/PressRelease_listing_of_land_use_rights_wuxi100119.pdf?openelement
the last 2 sales makes record profit especially the Shanghai plot, that why they have excess money to do share buy back, the result should be good and hopes that they pay good dividends too so i can go Shanghai Disney Land when it opens!!
They had a profit in 3rd Quarter.. but since that, no news of further land sales!! So most prob will be the 3rd quarter performance bringing up the entire years figures? any comments?
Just hold till the quaterly result out first...should be record profit!!
somebody sellin..but who's buying?
Hai... Am at a slight paper lost for this counter. Dont know whether who just cut loss and dump it, or hold on to it for awhile longer.
CNT top vol past 2 days..
looks like somebody dumping..
NAV 16c lei..
Looks like really a trap.... Vested 0.145 two days ago.... :(
dlimck ( Date: 11-Jan-2010 10:56) Posted:
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Hopeless cause... someone is simply dumping the shares..
substantial shareholder sold 9K lots
Forum Asian Realty Income II, L.P., Forum Asian Realty Income II GP Limited, Forum Partners Investment Management, L.L.C., Russell C. Platt
read SGX news
Looks like BBs are Cashing OUT in early 2010....
ozone2002 ( Date: 11-Jan-2010 17:48) Posted:
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Any particular reason y? am actually looking to get out!
freeme ( Date: 12-Jan-2010 15:53) Posted:
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bot some to keep for few yrs
from Next Insight
Fundamentally, this stock is strong after redeeming the bond with high interest
Recent positive move :
(a) sold luodian land, make a huge GP, will be booked in 3th quarter. Luodian is like a big pool of "gold" mine to CNTown
(b) Wuxi auction will be announced next week wednesday 28 October
Long term :
Investing in China land is the dream of most people. Simple economy : Land price appreciation correlates with economy growth GDP
Possible Upside :
SRE holding the majority of shares of CNTown might propose a dual listing like Sinotel, Changtian, OZee and etc
Valuation
Converting RMB to SGD, i target CNTown to make around 4-5 cent SGD per share , PE of less than 4 with price of 14 cents
As an investor , if you do not have enough cash to purchase land, buy stock that has to do with land especially in China. For those who has missed property stocks frenziness last 2 months, this might be your bet
Do you homework more and you will realize this stock is UNDERVALUED and high potential
today's vol is massive..
i saw big lots being thrown to the buyer..
8K, 3K etc..
wonder who's the seller n more importantly who's the buyer..