Far East Orchard Limited aka Orchard Parade Holding

[LionFlyer]

stc is getting cash and stapled securities for feht.

[pianist]

does thisdeal make sense for feo shareholders?

stc warchest of hotel/service apartments suites are much less and in less desired locations in perth and melbourne and yet they are getting 30% of this joint venture and 70m cash?

r u guys gg to vote against or for?

[pianist]

that goes our cash cow

FEOrchard Subscriber will subscribe for the Subscription Securities for an aggregate
consideration of A$225 million (the "Subscription Price"). The net asset value of the
Subscription Securities is approximately $225 million. The Subscription Price was
arrived at after arm's length negotiations and on a willing-buyer, willing-seller basis,
taking into account, inter alia, the valuation report dated 18 April 2013 by KPMG
Corporate Finance Pte. Ltd. ("Valuation Report") which was commissioned by
FEOrchard on Toga Hotels for the internal reference of FEOrchard and the Board,
based on accepted valuation procedures and practices and the business prospects of
Toga Hotels.

[greengiraffe]

http://info.sgx.com/webcoranncatth.nsf/V...1004C99B1/$file/FEOR_MediaRelease_JV.pdf?openelement

I see stars on all these deals - frankly all these years as a odd lot holder, I can never understand FE Orchard's hotel cum developer model until the REIT was floated.

Even then, I still blur cause for a start, dividend yield was too low and inconsistent to start with. After a big restructuring, I supposed the public help contribute to pay for the REIT and FE Orchard managed to monetise its asset at the all along fair value and ended with the cash.

Then if I read correctly, all these cash has been used up in the 2 deals this week. So acquired to incubate for future pipeline to REIT?

I better stick to St****** and wait for a windfall - at least baseline dividends still 2 cents especially when one is now playing on Aussie hospitality. Stamford should well be very undervalued as already its trading below previously failed asset sale price, probably no value attached to Stamford hotel management team and yet to factor into additional income from property development or redevelopment of existing assets.

GG

that goes our cash cow

FEOrchard Subscriber will subscribe for the Subscription Securities for an aggregate
consideration of A$225 million (the "Subscription Price"). The net asset value of the
Subscription Securities is approximately $225 million. The Subscription Price was
arrived at after arm's length negotiations and on a willing-buyer, willing-seller basis,
taking into account, inter alia, the valuation report dated 18 April 2013 by KPMG
Corporate Finance Pte. Ltd. ("Valuation Report") which was commissioned by
FEOrchard on Toga Hotels for the internal reference of FEOrchard and the Board,
based on accepted valuation procedures and practices and the business prospects of
Toga Hotels.

[cheeseburger]

Anyone still vested in this counter, what's the view on the management so far?

[pianist]

not sure about koh boon hwee, but the mgt seems excellent.

[TheMillennium]

Took a look at the 2Q results.. Seems terrible.

EPS YTD dropped from 17c to 2c with ROE of less than a percent.

The company has 483mil in the bank but based on their "update on the use of proceeds", this cash seems to melt away.

I wonder why share prices did not fall today.

[desmondxyz]

I also wondering....they put so much effort in the JVs with STC and TOGA, how these JVs impact on the earning? Any guru to give us some insight?

[desmondxyz]

EPS 7.6cts, div 6 cts for FY 13.....honestly speaking, it is a big surprise to me....


http://infopub.sgx.com/Apps?A=COW_Corpor..._Annmt.pdf

[LionFlyer]

Is this a good thing or a bad thing?