Stamford Land 03 (Feb 11 - Dec 25)

Stamford Land 03 (Feb 11 - Dec 25)

Postby winston » Tue Feb 01, 2011 9:17 pm

Vested

3Q Results

Rev +4%
Profits +235%

Due to the recent flooding and unavailability of certain essential services in Brisbane,Stamford Plaza Brisbane(SPB)has been temporarily closed w.e.f. 12 January 2011. The floods have since receded and full recovery efforts are well underway, with SPB targeted to re-open and resume full operations by end-March 2011.

Barringnunforeseen circumstances,the overall net impact of SPB's temporary closure /any flood-related losses are not expected to be material for the Group, which has in place comprehensive all-risks insurance cover for property / material damage and business interruption.

http://info.sgx.com/webcoranncatth.nsf/ ... penelement
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Re: Stamford Land 02 (Jan 10 - Jan 11)

Postby winston » Wed Feb 02, 2011 6:52 pm

Vested. From Lim & Tan:-

STAMFORD LAND (62.5 cents, down half) expects recovery operations at its hotel in floodhit Brisbane to be completed by end Mar’11, and which is not expected to have any material impact given the insurance coverage.

Net profit for the Dec’10 quarter of $11.9 mln compares with $6.3 mln a quarter ago and $6.5 mln a year ago, benefitting from rental contribution from Dynons Plaza (office building in Perth) and unsold units at Stamford Residences Auckland.

NAV has risen to 56 cents from 53 cents three months ago, and 51 cents at end Jun’10. We maintain BUY, especially after the recent pull-back from the 72.5- cent high.
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Re: Stamford Land 03 (Feb 11 - Dec 11)

Postby winston » Wed Feb 09, 2011 8:20 am

TOL:-

3Q results on Feb 1, 2011.

So Insider's have to wait 2 weeks from Feb 1 ie. Feb 15 onwards, to be able to resume their buying, right ?
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Re: Stamford Land 03 (Feb 11 - Dec 11)

Postby tonylim » Wed Feb 09, 2011 9:50 am

The insiders can buy immediately after the announcement, do not need to wait unless there is another price sensitive announcement to be announced.
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Re: Stamford Land 03 (Feb 11 - Dec 11)

Postby winston » Wed Feb 09, 2011 9:52 am

Thanks tony. Take care, Winston
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Re: Stamford Land 03 (Feb 11 - Dec 11)

Postby tonylim » Wed Feb 16, 2011 5:41 pm

Ow bought 500,000 shares on 15/02 @0.606.

Source: SGX
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Re: Stamford Land 03 (Feb 11 - Dec 11)

Postby tonylim » Thu Feb 17, 2011 5:16 pm

CK added 200,000 shares at 0.61 on 16/02
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Re: Stamford Land 03 (Feb 11 - Dec 11)

Postby winston » Thu Feb 17, 2011 7:34 pm

Vested. From Lim & Tan:-

The significance of CEO Ow Chio Kiat’s latest purchase of shares (500,000 on Tuesday Feb 15) is that the price paid (60.6 cents) is the highest since he began buying shares last September. (Stamford Land released its Dec quarter results on Feb 1st.)

His last high was 57 cents paid for 825,000 shares in the month of November ’10.

Recall also that Stmford Land hit a recent high of 72.5 cents on Jan 10/11th, after another local house recommended the stock.

It fell to 60.5 cents earlier this week.

Stamford Land’s results for full year ending Mar 2011 are due in late May, and we would not rule out OCK declaring 4 cents dividend, which he last paid in respect of ye Mar ’08. (This was cut to only 1 cent the year after, and raised to 2 cents for ye Mar ’10.)

A 6.4% yield beckons.

4 cents dividend would cost $34.55 mln, which Stamford Land can more than afford given profit already amounted to $56 mln for 9 months ended Dec ’10.

We therefore maintain BUY
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Re: Stamford Land 03 (Feb 11 - Dec 11)

Postby Poles » Thu Feb 17, 2011 10:11 pm

Winston,

I was monitoring Stamford land on that day OCK bought 500lot...majority @0.605...
p.s: I got 20l @0.61...
below is the trade transaction....

Early morning there was a 722k lot sell down @ 10am....

I would think OCK came in later to support there price because I saw invisible 1000k lot moving in & out of the buy queue....
If his support didnot come in...it would have been sold down further....

05:05:02 PM 0.610 1,000 Sell Down
04:55:18 PM 0.610 20,000 Buy Up
04:44:09 PM 0.610 24,000 Buy Up
04:36:20 PM 0.610 20,000 Buy Up
04:34:35 PM 0.610 3,000 Buy Up
04:11:30 PM 0.605 20,000 Sell Down
04:06:39 PM 0.605 122,000 Sell Down
04:06:09 PM 0.605 35,000 Sell Down
03:56:14 PM 0.605 10,000 Sell Down
03:41:40 PM 0.605 10,000 Sell Down
03:33:51 PM 0.605 24,000 Sell Down
03:24:19 PM 0.605 6,000 Sell Down
03:22:35 PM 0.605 20,000 Sell Down
03:07:13 PM 0.605 20,000 Sell Down
03:01:09 PM 0.605 10,000 Sell Down
02:56:36 PM 0.610 2,000 Buy Up


yesterday he also "tong" another 200lot.....
I think the same happened for FJ ....it got sold down at open ...around 34.5(2000+ lots).....if you check SGX there director only manage to buy back [email protected] and another [email protected].....
SOMEONE is shorting Singapore big time....Golden Agri is good example...
Last edited by Poles on Thu Feb 17, 2011 10:12 pm, edited 1 time in total.
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Re: Stamford Land 03 (Feb 11 - Dec 11)

Postby Poles » Thu Feb 17, 2011 10:11 pm

btw today already got people pushing stamford to let go...
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