Creo Medical Share Discussion Threads

[longsight] 21/6/2010 20:43

Flip - does anyone know when the new quarterly NAV is due out?

[flip101] 21/6/2010 20:10

Order driven I think. We just need a few orders! Hopefully we'll have a few trades tomorrow and things will build over the coming weeks.

Mijeka - have you spoken to the company directly with regards to the quarterly NAV?

[flip101] 21/6/2010 20:01

Does anyone know whether this is trading on an order-driven or a quote-driven platfrom in Singapore?

[longsight] 21/6/2010 19:55

Flip - I spent a lot of time in the end slogging through the listing document & related articles. In the end I was highly impressed with everything I read. Corp governance issues were addressed big time with the new fee structure & guaranteed distributions to unit holders.

TCT deserves to trade at the same rating as its peer group i.e. close to NAV of SGD3.97 - especially since there is significant growth in NAV coming through over the next 2 years with the refurbishment, developments & increased rentals. The trend of increasing commercial Property rents & cap values - especially in retail [with 18% pa growth in retail spending - & the probability of RMB appreciation versus the US$ over the next few years with US$ denominated loans depreciating - all add up to a fantastic prospect. Very difficult not to see NAV exceeding SGD4.90 in the next 2 years & increased rentals & lower loan costs leading to handsome dividends. The management are top notch & the properties are very carefully selected in terms of location & quality.

I think there is a lot to come here for those who stay on board.

[flip101] 21/6/2010 17:59

I wouldn't panic. Firstly the stock only traded for the afternoon session today. Secondly and more importantly as lonsight says, counterparties and nominees have yet to be delivered the new units so are unable to trade. No institution in their right mind would go in on the first day in a highly illiquid market and try to build a position. I think we have to give it 2-4 weeks before we really know what is going on.

Also note the IPO prospectus was officially published on the news network at 3 today UK time. It'll take time to build the interest however the company should be doing this over coming weeks.

[longsight] 21/6/2010 16:53

ambu - my guess is that no one actually has their stock available yet so can not deal. Hence no recorded trades. This was the view of my broker. I expect tomorrow might be a bit more interesting.

[ambuchanan12] 21/6/2010 16:33

am i being thick? can you get this quote (lG2U) on ADVFN - i cant seem to manage it. it looks like a bit of a damp squib to me on 1st day....

[kimboy2] 21/6/2010 07:59

Don't think any have traded so far.

[mikeja] 21/6/2010 07:40

So far not so brilliant,quote is 1.70 to 1.85,equivalent to 415p to 450p.
Looks like we will have to wait for the NAV quote in early July

[mikeja] 21/6/2010 07:40

So far not so brilliant,quote is 1.70 to 1.85,equivalent to 415p to 450p.
Looks like we will have to wait for the NAV quote in early July

[longsight] 20/6/2010 13:16

kimboy - agreed. Very significant development, perhaps both in the short term in increasing market confidence & in the long term.

Flip - as I'm surte you are aware, the PRC Gov is very anxious to rebalance the economy to more domestic consumption & then add in the wage inflation at present & retail looks very good indeed. The revaluation of the renminbi will help as well.

[flip101] 20/6/2010 12:45

Agree with regards to retail space. This is the market to position in for the emergence of a middle-class.

[flip101] 20/6/2010 12:45

A stronger CNYUSD exchange rate also has a geared effect on the NAV as valuations are in CNY and debt is partially in USD. CNY 12 month NDF's were at 6.70 as of the end of last week so it will be interesting to see where they open tomorrow.

[flip101] 20/6/2010 12:42

Longsight - yes I was assuming it started trading at open of play. Given the cancellation of the shares on AIM is at 7.00 UK time, I'm more inclined to think you're right. At least we'll be up to see the start.

[kimboy2] 20/6/2010 11:22

This might help a bit as well;

[longsight] 20/6/2010 11:17

Flip - my info is that trading will start from the beginning of the afternoon session in Singapore i.e. equivalant to 7am UK time. Don't rely on me on this because I've had conflicting info but this is myunderstanding. Good luck everyone for the big launch. I think this looks very good over the next 2 years. Even if commercial property prices don't appreciate over the next 2 years, NAV will surely go above £12 with the refurbishments & 2 developments. I like the mixture of retail & office. Retail, looks a great place to be in PRC over the decade.

[flip101] 18/6/2010 18:17

Trading should start at 02:30 Monday morning

[longsight] 18/6/2010 10:19

mikeja - thanks, but I guess the prices are delayed on there.

[mikeja] 18/6/2010 09:55

Longsight,try google on Monday.

[longsight] 18/6/2010 09:41

Does anyone know how to get a live price on TCT on Monday?

[ppowerscourt] 18/6/2010 08:17

In a case like this, will the claimant pick up CREO's legal fees incurred when found not guilty?

Could someone start a new thread for Monday's launch on the Singapore Exchange? Many thanks.

[flip101] 18/6/2010 07:01

Yes indeed. Not particularly material and very opportunistic.

[longsight] 17/6/2010 12:43

Flip - looks very opportunistic law suit. Given that CREO have had 2 lots of counsel's opinion on this which reassure that there is no merit in the claim, I think this looks like a neglible risk & in a worst case scenario if they lose it then only max 3% of NAV at risk.