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hello i am not really familiar with SGX ruling and a bit confused trying to catch up with this whole saga.
is 68 Holdings still increasing its stake at HPL? how much stake do they want eventually?
has re-development started? where can we get the details regarding this re-development project? without any details how can we have a good forecast of its RNAV?
thank you so much.
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also just a question regarding timing of the general offer...
before the first offer in April 2014, did the market already know that redevelopment was going to happen in Western Orchard/ did the market already know that the government had already given out incentives to developers to rejuvenate the area?
thanks so much again, sorry if it sounds like a stupid queston
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FTSE rebalancing last week has wrecked havoc in share prices across SGX.
HPL is one such victims.
At 395, it is exactly the price that OBS/Wheelock paid for its stake in HPL xd FY14 DPS of 10 cents.
OBS is deemed to have 77.88% stake in HPL with father in law Peter Fu's Bornfree Investments holding another 7.02%.
Based on latest annual report, free float is 13.7%. To delist HPL, the free float just need to be reduced by more than 3.7%.
Given that 1 year moratorium is expiring soon on 30th June, will be interesting to see if OBS/Wheelock may team up with Peter Fu to stage another delisting attempt...
Re-Vested
GG
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Acquisition of a Hotel in London
Hotel Properties Limited ("HPL") announced that its wholly-owned subsidiary, HPL Properties (West) Pte Ltd and Olympia Partners Pte. Ltd. have formed a joint venture (80% vs 20%) to acquire a freehold property known as Hilton London Olympia located at 380 Kensington High Street, London.
The total consideration for the Transaction is £114.85 million with a net working capital adjustment, such consideration to be finalised following completion of the transaction.
Hilton London Olympia has 405 keys plus 3 food and beverage outlets and 10 flexible meeting rooms. The Hotel is situated near to the Olympia Exhibition Centre at the western end of Kensington High Street.
More details in
http://infopub.sgx.com/FileOpen/HPL_Acqu...eID=465070
Specuvestor: Asset - Business - Structure.
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Hotel Properties reports 68% rise in FY17 earnings to $179.5 mil on higher sales
By: PC Lee
26/02/18, 07:35 pm
SINGAPORE (Feb 26): Hotel Properties, which owns the Four Seasons and Hilton hotels in Singapore, reported a 68% rise in FY17 earnings to $179.5 million from $108.6 million a year ago on higher sales and share of results of associates and JVs.
Revenue rose 14.1% to $659.2 million mainly due to sale of completed condominium units from the Tomlinson Heights development as well as better performances by the group’s hotels and resorts.
These contributed to an increase in cash generated from operations to $306 million for the year under review from $159.6 million last year.
...
The board has recommended a first and final one-tier tax exempt cash dividend of 4 cents per share, and a one-tier tax exempt special dividend of 6 cents per share.
More details in
https://www.theedgesingapore.com/hotel-p...gher-sales
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27-05-2025, 09:03 AM
(This post was last modified: 27-05-2025, 09:04 AM by weijian.)
In recent weeks, HPL has seen a sudden +20% to its "stagnant" share price. The response to the SGX query was a "the company knows nothing". From media reports, we know (respectfully) that OBS's days are numbered but their grand redevelopment plans for the ulu part of Orchard Rd is going to take a much longer time. Will be interesting to see if this speculative increase pans out to anything.
MINUTES OF FORTY-FIFTH ANNUAL GENERAL MEETING
Q18. I understand the Company’s emphasis on delivering strong business results. However, as a shareholder for the past 10 years, I’ve observed that the share price has remained largely stagnant over that period. While operational performance is important, it has not translated into meaningful capital appreciation. One potential way to unlock shareholder value could be through capital recycling—divesting mature assets and reinvesting in higher-yielding opportunities. This would demonstrate to the market that the Company is actively realizing value from its portfolio. On the other hand, continued accumulation of assets, especially when accompanied by rising debt levels, may weigh on investor sentiment and suppress share price performance. Can I have a respond from the Board?
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