Guoco Group 0053

Re: Guoco Group 0053

Postby winston » Wed Nov 30, 2011 7:27 am

TOL:-

How would the bankruptcy of AMR affect this counter ?
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Re: Guoco Group 0053

Postby winston » Mon May 14, 2012 6:23 am

Guoco gets on top rank with British takeover

Guoco Group (0053), controlled by Malaysia's Quek family, said it will spend 205 million (HK$2.55 billion) to buy the third largest casino operator in the United Kingdom.

Guoco's subsidiary, London-listed Rank Group, will acquire Gala Group's 23 land-based operating casinos in the UK - of which four are in London - and their associated licenses, according to Guoco's statement posted on the Hong Kong Stock Exchange.

Rank will finance the all-cash purchase with new three-year bank facilities totaling 175 million together with existing bank facilities.

Rank operates gaming businesses in the UK, Spain and Belgium.

Following completion of the purchase, Rank would be the largest operator in the British sector with 58 casinos and a further 13 non-operating licenses, the company said.

Gala Casinos' assets are complementary to Rank, Guoco said, with 13 of the casinos to be acquired located in 11 UK cities in which its Grosvenor brand does not currently operate.

Rank reported a net loss after taxation and extraordinary items for the year ended September 24, 2011, of about 8.45 million.

Shares of Guoco fell 1.2 percent on Friday to HK$60.


http://www.thestandard.com.hk/news_deta ... 20514&fc=1
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Re: Guoco Group 0053

Postby tonylim » Sun Jul 01, 2012 10:26 am

Why need to sell TanChong Int shares so cheap at HK$0.50 to the Tans ,when people are buying from open market at more than HK$2.00 ? :?: :?: :?:
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Re: Guoco Group 0053

Postby winston » Thu Jul 12, 2012 2:05 pm

not vested

*GUOCO GROUP (00053) maintained at Buy, TP cut from HK$87 to HK$82 by Citi
2012-05-15

Source: AAStocks Financial News
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Re: Guoco Group 0053

Postby winston » Tue Dec 04, 2012 9:10 am

not vested

GUOCO GROUP (00053.HK) suspended on proposed privatization

Dealings in the shares of GUOCO GROUP (00053.HK) have been suspended since pre-opening session pending the release of an announcement in relation to proposed privatization of the company.


Source: AAStocks Financial News
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Re: Guoco Group 0053

Postby tonylim » Tue Dec 04, 2012 9:28 am

Many are still waiting for GuocoLeisure. :)
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Re: Guoco Group 0053

Postby winston » Tue Dec 04, 2012 1:32 pm

Guoco Group Halted in Hong Kong on Possible Privatization Plan By Stephanie Tong

Guoco Group Ltd. (53), controlled by Malaysian billionaire Quek Leng Chan, was halted from Hong Kong trading pending an announcement on a possible privatization plan, according to a filing to the city’s stock exchange.

Quek, 69, is executive chairman of the Hong Kong-based investment company, which is part owner of Malaysia-listed Hong Leong Financial Group Bhd. (HLFG) and Singapore’s Guocoland Ltd. (GUOL)

Guoco has a 15 percent stake in Bank of East Asia Ltd., the biggest family-run bank in Hong Kong, according to data compiled by Bloomberg.

The shares, which started trading in Hong Kong in 1983, have declined 2.4 percent this year, while the benchmark Hang Seng Index has gained 18 percent.

The stock fell 0.4 percent yesterday in Hong Kong to close at HK$70.50. The company reported a fiscal full-year net loss in August, compared with a profit in the previous 12 months.

Guoco reported a net loss of HK$1.29 billion for the year ended June 30, compared with net income of HK$4.16 billion for the previous 12 months as weaker financial markets trimmed profit from its property and financial units, according to its annual report.

http://www.bloomberg.com/news/2012-12-0 ... -plan.html
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Re: Guoco Group 0053

Postby tonylim » Tue Dec 11, 2012 7:19 pm

It has been a week but still no further announcement.
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Re: Guoco Group 0053

Postby winston » Wed Dec 12, 2012 8:54 am

not vested

25% Premium to closing price.

Offer at HK$88 but still less than the estimated RNAV of HK$134
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Re: Guoco Group 0053

Postby winston » Tue Sep 17, 2013 11:03 am

not vested

GUOCO GROUP (00053.HK) remained at Buy with TP raised to $104.5 by Citi
Sept 3, 2013

Citibank evaluated GUOCO GROUP (00053.HK)'s listed assets according to the market price, and increased NAV to $149.6.

Target price added from $103.71 to $104.5, 30% discount to NAV.

The stock is trading at 39% discount to NAV, thus rating retained at Buy.

2014-15 earnings forecast was reduced by 14%-15%, in order to reflect lower contributions from GuocoLeisure and dilution impact of Rank.

Nevertheless, the investment division was conservatively estimated to bring 4% return per year from 2014 onwards.

Source: AAStocks Financial News
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