Superbowl -- grossly undervalued

More
30 Sep 2013 13:11 #16371 by Big Fish
Just noticed that Superbowl has firmed up to 56 cents.

Still, it's grossly undervalued. The management should just privatise it instead of wasting time on the SGX. Either that or merge it with Hiap Hoe, its sister company, in order to form a bigger company that can attract fund managers.

Please Log in or Create an account to join the conversation.

More
30 Sep 2013 13:14 #16372 by Big Fish
5. Superbowl: its underlying assets are in the right sector – mainly shop spaces. RNAV of above $1.20 should support the stock price (51 cents), but the company lacks catalysts, like Hiap Hoe. Having said that, both HH and SB may suddenly spring to life should the major shareholders (who own more than 70% in each of them) attempt to privatise them. For those reasons, I continue to own both stocks."

-- SUMER

www.nextinsight.net/index.php/story-arch...10-property-stocksq-
The following user(s) said Thank You: pine

Please Log in or Create an account to join the conversation.

More
30 Sep 2013 15:01 #16375 by sumer
The price chart of SB looks interesting. There seems to be accumulation going on, despite no catalyst news from the company. SB has an RNAV of $1.20-$1.40 depending on how one values its commercial space assets. The co valued ZP at $702m recently, and that alone may give an above-book valuation of 65.7ct per share for SB.

One of the reasons why investors are keen on SB may be the fact that it is more of a commercial-hospitality play, with all its investment properties made up of retail/office/hotels. There is limited residential exposure (its 50% stake in Treasure). Its bowling business is also a distraction.

Between HH and SB, I think the latter is the one more likely to be taken private. SB has been left out of sister company HH’s ventures in Melbourne recently, and that is probably adding to speculation that it could be privatized.

My take on SB’s RNAV: 34.9ct (Current BV) + 65.7ct (ZP surplus) + 30.7ct (estimated retail space surplus) = $1.31.
The following user(s) said Thank You: Wiki, pine, Big Fish

Please Log in or Create an account to join the conversation.

More
01 Oct 2013 15:45 #16390 by pine
Superbowl is super runner today, up 17% now at 65.5 cents. Congrats to Sumer and Big Fish and everyone else who got in early enough. Me am in too, this morning at 61 cents. Fundamentally undervalued, and as Sumer said, chartwise also looking strong. B)

Please Log in or Create an account to join the conversation.

More
01 Oct 2013 16:27 #16393 by pine
Trading halt after kena query by SGX regarding hectic trading activity

Please Log in or Create an account to join the conversation.

More
03 Oct 2013 00:55 #16429 by Big Fish
Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?

-
The Company is exploring potential corporate restructuring opportunities. Subsequent to this announcement, the Board will make additional announcement(s) via SGXNet to provide an update on any such corporate transactions before the lifting of the trading halt.


comment : Not ready to announce the real sstory?
A few more days to wait?

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings1.150-
AusGroup0.023-
Avi-Tech Electronics0.270-
Best World Int.1.360-
CEI0.9400.025
China Sunsine1.030-0.020
CNMC GoldMine0.285-
CSE Global0.4450.010
Eagle HTrust USD0.685-0.005
Food Empire0.520-0.015
Golden Energy0.187-0.001
GSS Energy0.0730.001
ISDN Holdings0.215-
ISOTeam0.230-
JB Foods0.640-0.005
KSH Holdings0.440-0.005
Miyoshi0.040-
Moya Asia0.068-
Nordic Group0.265-
Oxley Holdings0.305-
Procurri0.320-
REX International0.0830.007
Riverstone0.9250.010
Roxy-Pacific0.375-0.005
Sing Holdings0.395-
SingMedical0.320-0.020
Straco Corp.0.730-0.010
Sunningdale Tech1.300-
Sunpower Group0.450-0.010
The Trendlines0.0830.001
Tiong Seng0.210-
Uni-Asia Group0.730-0.005
Yangzijiang Shipbldg0.915-0.015

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 691 guests and no members online