Creo Medical Share Discussion Threads

[eddie1980] 19/3/2011 18:00

press release confirming 100% occupancy of treasury building and current portfolio well ahead of 2011 forecast.

should flow through to bottom line nicely.

[cash101] 21/12/2010 19:31

Longsight, are you around?

[kimboy2] 13/12/2010 09:34

The news looks OK to me and a positive reaction from the market.

[gucci101] 09/12/2010 12:35

Note some big news today. Trading temporarily suspended.

[eddie1980] 30/11/2010 10:06

New loan approved for Beijing logistics park. 170M RMB so not massive, but all helps I guess.

Announcement also states portfolio committed occupancy up to 90.1% from 86% in recent results.

[eddie1980] 25/11/2010 10:59

Article on expansion plans into 2nd tier cities in eastern and central China, focusing on retail buildings.

Good in my eyes as a certain amount of diversification in locations and building type reduces risk, and hopefully potential for higher yields in these less commercially developed cities.

[gucci101] 15/11/2010 10:10

What a farce.

[longsight] 10/11/2010 19:20

Flip - liquidity isn't great yet. That will probably put IIs off if they can't get the stock. I think if your time horizon is not short term then the share price will start to reflect the value & yield here - in particular if they get involved with retail developments in Shaanxi.

[longsight] 09/11/2010 21:16

Flip - they are going to have to sell something to do something in Shangdong & Shaanxi. I think Treasury Bg might be the first to go. I like the emphasis in the RNS on retail property - the quoted figures for yield on Shaanxi comm prop & the almost 20% yoy retail consumption growth look v good. Shaanxi is a boom province.

[flip101] 09/11/2010 20:18

What I suppose irritates me is that all the positive news flow would have probably lead to a share price closer to £7-8 if still London listed. Instead we are listed in a place where the investor audience really does not understand TCT's business model. All they are looking for is a yield rather than considering the capital values of the assets.

Let's see TCT sell an asset, therefore demonstrate the underlying NAV of 4.00SGD/share and then invest the proceeds in these new JV's and maybe a share buyback.

[flip101] 09/11/2010 18:13

I think TCT are going down the correct route in expanding into the second tier retail market. Yields are high because prices are low so there is significant scope for capital appreciation.

Still no proper institutional buying since the large order a few months ago. I hope TCT announce soon how they plan to fund these JV's.

[longsight] 09/11/2010 08:43

Good RNS on the new JV in Shaanxi.

I think TCT is doing all the right things & that the share price will start to reflect that sometime soon.

[flip101] 04/11/2010 19:17

True although it would be nice to be able to see a bit more strength on the bid. It doesn't appear to be institutional size yet.

Ex-divi next week.

[longsight] 04/11/2010 09:30

Another day of decent liquidity. I think TCT is starting to come on the radar.

[flip101] 03/11/2010 16:16

Lonsight - agree and I just wonder what price the stock would be trading at on AIM. Operationally things have improved considerably with occupancy back up and refinancing risks addressed.

I'm not sure TCT does have scope to borrow since the CC development loan increases debt-to-assets towards the 45% limit. I think they'll either have to sell Central Plaza or they will have to issue equity.

At this kind of discount to NAV though I'd vote against any equity raise, even if it improved the company's profile and liquidity in Singapore.

[longsight] 03/11/2010 16:01

Flip - I agree that Edison are paid to produce the note but notwithstanding that I think the note is well balanced. In comparison the figures in the JPM note made no sense.

On transactions, TCT have scope to borrow to some extent - the Banks clearly like what they see to offer loans at such lo interest rates. More substantially, TCT cd sell Treasury Building or maybe Central Plaza to fund acquisitions / developments.

The news flow since listing has been impressive.