Rowsley Ltd

Re: Rowsley Ltd

Postby winston » Thu Sep 08, 2016 8:21 am

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Rowsley planning acquisition of hotel management firm Ariva for $10.6 mil

By PC Lee

SINGAPORE (Sept 7): Rowsley, the company controlled by Singapore businessman Peter Lim, is planning to acquire hotel management and consultancy firm, Ariva to expand its hospitality business in the Asia Pacific region for a consideration of $10.6 million.

Ariva manages hotels and service apartments under its own and associate companies’ brands namely Ariva, Amar and Louis Kienne as well as third-party brands.

The company currently has more than 6,500 room keys under management and in the pipeline, spread over 47 properties across the Asia Pacific region.

Ariva was founded in 2008 by Cameron Ong, formerly CEO and MD of Capitaland’s The Ascott Group, and Jean-Claude Erne, formerly Senior Vice President, Product, Process and Procurement at the same group.

Rowsley signed a conditional sale and purchase agreement with the vendors, Ong, Erne and Phyllis Lee Sok Fang, to buy the entire issued and paid-up share capital of Ariva.

Payment will be by way of cash and the allotment and issuance of new Rowsley shares at an issue price of 15 cents each, 25% higher than its Wednesday closing price of 12 cents.

The final purchase price is subject to terms and conditions set out in the sale and purchase agreement which includes the achievement of cumulative net profit after tax target of $5.2 million up till Dec 2019.

As part of the deal, Ong and Erne will continue to lead and grow Ariva as Executive Chairman and Executive Director respectively, after the acquisition.

The Ariva acquisition is financially profitable and its contribution to the Rowsley Group is expected to increase over time as Ariva’s assets under management grows.

In its filing on Wednesday night, Rowsley said: “We are delighted that we are able to attract veterans like Cameron and Jean-Claude, who together have more than 60 years of hospitality experience, to join Rowsley. They have a proven track record in value creation, expertise in turning around distressed assets and making strategic investments. These skills will be invaluable for the expansion of the Group’s hospitality business in Asia.”

Rowsley marked its foray into hospitality in late 2015 with three acquisitions in the UK. It acquired 75% interests in Hotel Football, Café Football as well as GG Collections, a hospitality company.

It also announced the proposed acquisition of a 50% stake in Finestday, the company that owns the Stock Exchange Hotel in Manchester. The Manchester hotels will have a total of 168 room keys with 134 rooms currently in operation under Hotel Football.

Source: The Edge

http://smr.theedgemarkets.com/article/r ... 0-87358173
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Re: Rowsley Ltd

Postby winston » Tue Sep 27, 2016 8:42 am

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Rowsley teams up with UK’s National Football Museum to boost its cafes, hotels

By Benjamin Cher

SINGAPORE (Sept 26): Rowsley has formed a partnership with UK’s National Football Museum, to boost its strategy to operate more football-themed cafes and hotels.

Rowsley, controlled by Singapore businessman Peter Lim, currently operates Hotels Football and Café Football through its subsidiaries, and has signed a deal to operate a new Café Football in the National Football Museum based in Manchester where it will handle all catering at the museum.

Rowsley’s 75% subsidiary, GG Collections, has also entered into a deal with the National Football Museum, to loan its collection of football memorabilia including boots, balls and programmes to Hotel Football and Café Football.

Hotel Football and Café Football will also have access to various interactive games and experiences set up by the Museum.

“As we take a major step forward in expanding Hotel Football and Café Football internationally, the access to the museum’s extensive football memorabilia and interactive games will undoubtedly enhance the experience of our café patrons and hotel guests,” says Ho Kiam Kheong, executive director, Rowsley.

Rowsley says its latest move will strengthen its footprint in Manchester. It has a joint venture agreement to invest in St. Michael’s, a mixed use development in the city centre and is redeveloping Manchester’s Northern Stock Exchange into a boutique hotel.

Shares of Rowsley closed 1.7% higher at 12 cents.

Source: The Edge

http://smr.theedgemarkets.com/article/r ... 5-87358173
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Re: Rowsley Ltd

Postby winston » Tue Nov 22, 2016 7:26 pm

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Singapore billionaire Peter Lim’s Rowsley Ltd. said last year it will no longer build homes in Iskandar and will instead turn its Vantage Bay site into a healthcare and wellness center.

Source: Bloomberg
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Re: Rowsley Ltd

Postby winston » Fri Jan 20, 2017 2:59 pm

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Nov 2, 2016

ROWSLEY REPORTS 3QFY16
NET ATTRIBUTABLE PROFIT OF $5.4 MILLION


Group revenue 40% higher at $24.6 million
New contributions from UK hospitality and Squire Mech help lift revenue
Hotel Football and Café Football to expand in Asia and Europe

As at 30 September 2016, the Group’s cash and cash equivalents amounted to $33.1 million.


Rowsley Ltd. is a real estate company with businesses in real estate consultancy, real estate development and hospitality.

Our major assets include RSP Architects Planners & Engineers, one of the most established architectural practices in the region and Vantage Bay Healthcare City in Iskandar Malaysia.

Rowsley also owns Hotel Football, Café Football and GG Collections which provides hospitality management services.

Joint venture agreements have been signed for St. Michael’s, a landmark mixed-use development and Stock Exchange Hotel in Manchester.

Rowsley Ltd. has been listed on the Singapore Exchange since 2002.

http://infopub.sgx.com/FileOpen/Rowsley ... eID=427402
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Re: Rowsley Ltd

Postby iam802 » Sat Feb 18, 2017 8:21 am

Rowsley issues profit warning for full-year financial results

http://www.businesstimes.com.sg/compani ... al-results

ROWSLEY issued a profit warning after trading hours on Friday for its full-year financial results for the year ended Dec 31, 2016.

The group expects to report a loss before tax for the financial year, attributable to two main factors. The first is impairment on goodwill arising from the acquisition of RSP Architects, Planners and Engineers in 2013, due to the weak property market in Singapore. The second is impairment of investment value in the UK hospitality assets due to lower than expected revenue from Old Trafford Supporters Club Limited and GG Hospitality Management Limited.

The group is still in the process of finalising its unaudited financial results. Further details will be disclosed when its financial results are announced before Feb 28.

In an SGX filing, Rowsley said: "Notwithstanding the impairment losses, the group remains confident of its business model, in particular its investments in RSP and the growth potential of its UK hospitality assets."

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Re: Rowsley Ltd

Postby winston » Mon Feb 20, 2017 10:05 am

Rowsley: Expected to report a loss before tax for FY16 due to impairment of goodwill and investments in its UK hospitality assets. It will announce its full-year results before 28 February 2017.
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Re: Rowsley Ltd

Postby winston » Mon Feb 20, 2017 10:05 am

Rowsley: Expected to report a loss before tax for FY16 due to impairment of goodwill and investments in its UK hospitality assets. It will announce its full-year results before 28 February 2017.
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Re: Rowsley Ltd

Postby behappyalways » Sat Apr 29, 2017 5:06 pm

Rowsley swings to 1Q net loss of $1.6 mil on lower fair value gains
http://www.theedgemarkets.com.sg/rowsle ... alue-gains
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Re: Rowsley Ltd

Postby winston » Wed May 24, 2017 9:08 am

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Rowsley Ltd. has

(1) entered into a conditional sale and purchase agreement to acquire the entire issued and paid-up share capital of AC Consortium Pte Ltd. The aggregate consideration for the Proposed Acquisition is up to S$8 million; and (

2) entered into a 49:51 joint venture agreement with Vanguard Interiors Pte Ltd to form a joint venture company to design and produce architectural products and solutions for buildings.

Source: SGX Masnet, Phillip Securities Research
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Re: Rowsley Ltd

Postby winston » Wed Jul 19, 2017 8:25 am

S'pore’s Rowsley takes 70% stake in Tropicana Medical Centre owner

SINGAPORE: Singapore main board-listed Rowsley Ltd has announced plan to expand into the healthcare sector with the signing of a non-binding term sheet, to purchase the healthcare assets of its controlling shareholder, Lim Eng Hock, worth about S$1.9bil (RM6bil).

Rowsley is a multidisciplinary real estate company with businesses in design and engineering, real estate development and hospitality.

A sale and purchase agreement is expected to be completed within two months.

The proposed acquisition is an all-share deal for a 100% of Thomson Medical Pte Ltd and a 70.36% stake in TMC Life Sciences Bhd (TMCLS), a Bursa Malaysia-listed company.

(Editor's note: Rowsley will acquire Lim’s investment vehicle Sasteria Pte Ltd, which currently holds a 51.93% stake in TMCLS. As part of the agreement, Sasteria, prior to completion of the proposed acquisition, will also buy shares in TMCLS held by Incanto Investment Ltd and Best Blend Sdn Bhd - a further 18.43% stake.)

Thomson Medical is one of Singapore’s leading providers of healthcare services for women and children while TMCLS is a healthcare company which mainly operates through Tropicana Medical Centre, its flagship hospital.

The proposed acquisition will be financed through the issuance of new shares at S$0.075 per share.

“This proposed acquisition is an opportunity for us to acquire controlling stakes in two established healthcare assets in Singapore and Malaysia and be part of an expanding business,” said Rowsley chairman Ng Ser Miang in a statement.

“Healthcare is a big and growing market due to ageing demographics, longer lifespan, major trends to increase birth rates, and growing affluence. This deal will diversify Rowsley’s portfolio as well as strengthen our current businesses. It will also significantly increase Rowsley’s market capitalisation, market profile, and generate investor interest,” said Ng.

The proposed acquisition will also bring TMCLS’s proposed Thomson Iskandar project in Iskandar, Johor, together with Rowsley’s investment in Vantage Bay Healthcare City.

Thomson Iskandar is an integrated development that comprises a 500-bed general hospital, 400 medical suites and a retail mall.

The hospital will be equipped with state-of-the-art facilities and equipment.

“We will be able to derive synergy from combining both projects together under one company. Our enlarged company profile will further help us to attract high-quality healthcare players and investors to work with us on our Iskandar healthcare project,” said Ng.

On completion, Rowsley planned to issue bonus warrants to existing shareholders on the basis of two bonus warrants for every one existing share.

Each bonus warrant will have an exercise price of S$0.09 per share.

In addition, Rowsley planned to issue additional warrants (piggyback warrants) on the basis of one piggyback warrant for every one bonus warrant that is exercised.

Each piggyback warrant will have an exercise price of S$0.12 per share.

“We appreciate the support of our existing shareholders. The proposed issue of warrants is to reward our shareholders for their support of the firm. We will continue as a company to pursue opportunities that we believe provide long-term value to shareholders,” Ng said.

On completion of the deal, Rowsley will become a major healthcare player.

According to Singapore Exchange Market Watch statistics, healthcare is projected to be the leading sector in total returns to shareholders.

Singapore has boosted healthcare spending in recent years as its population ages.

One in four Singaporeans will be aged 65 and above by 2030, and similar demographics in Malaysia point towards an opportunity in primary healthcare and long-term healthcare.

“We are extremely excited at this opportunity to further transform Rowsley as we continue to build and grow our existing real estate-related businesses,” said Ng.

Source: Bernama

http://www.thestar.com.my/business/busi ... o6JDdLc.99
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