Share Name Share Symbol Market Type Share ISIN Share Description
China Real Estate Opportunities S.A LSE:CREO London Ordinary Share GB00BZ1BLL44 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -341.00p -81.19% 79.00p 78.00p 80.00p 87.50p 78.00p 78.00p 386,307.00 13:02:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services - - - - 63.76

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Date Time Title Posts
27/6/201211:53China Real Estate Opportunities1.00
27/6/201211:52having a look......1,095.00

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Trade Time Trade Price Trade Size Trade Value Trade Type
13:02:3578.1010,0007,810.00O
12:52:5578.1032,90025,694.90O
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12:00:5282.10253207.71O
11:54:3382.1512,1729,999.30O
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China Real Estate (CREO) Top Chat Posts

DateSubject
09/12/2016
08:20
China Real Estate Daily Update: China Real Estate Opportunities S.A is listed in the Health Care Equipment & Services sector of the London Stock Exchange with ticker CREO. The last closing price for China Real Estate was 420p.
China Real Estate Opportunities S.A has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 80,711,745 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of China Real Estate Opportunities S.A is £64,569,396.
27/6/2012
11:52
adv rob: LSE:CREO (China Real Estate Opportunities) became SGX:LG2U Treasury China Trust (TCT) when the company changed from an AIM listing (LSE:CREO) on the London Stock Exchange to a full market listing (SGX:LG2U) on the Singapore Stock Exchange in June 2010. Shareholders received 5 units in Treasury China Trust for each one CREO share held. TCT (SGX:LG2U) shares are traded in lots of 1000 and are priced in Singapore Dollars (SGD). http://www.treasurychinatrust.com/ New thread called 'Was LSE:CREO (China Real Estate Opportunities)' now started for Treasury China Trust (LG2U): http://uk.advfn.com/cmn/fbb/thread.php3?id=27816769
28/10/2010
21:21
eddie1980: Simple question - why is company at such a discount to peers? It is because they have historically/currently failed to make a return on assets. I am also betting they will improve and hence the share price will rise. But their current (non) performance is relevant. You get upset whenever I analyse the current performance as if tainting the company. They produced the results, not me. They clearly need to prove they can make a return before the market will take note, because the shares are stil at a discount. Their peers have managed to make money from Property - TCT has not. That has given all an opportunity to purchase assets at a discount. Now lets hope they impress not only you, but the market, as that is what matters. I am also not saying the shares will not be a lot higher. But analysis/critism of costs is valid - if they were better, then the share price would already be higher. One part is macro factors such as growth of shanghai, the other is company specific. Lets hope improvements in both are reflected in the full year results.
28/10/2010
16:13
eddie1980: Think Shanghai is a good play. But I am not buying Shanghai, I am buying TCT. At full NAV, shares do not look so attractive as an entry point, so the value here is in the reduction in NAV gap. If other property shares trade at nav, then it is TCT specific factors that are the cause of the discount. Do you agree on that? Sort those, share price goes up. Simple. Clearly the macro factors are not a catalyst for the share price to grow, as the share price has not grown. So the focus must be on why they are currently producing zero return. TCT themselves wanted to move exchanges to reduce the discount. That shows it is company specific factors which cause the discount (they assumed it was being on AIM.) well that wasn't as it still persists. But the difference between TCT and its peers are that the peers make money on their assets. I want TCT to go up, but saying Shanghai is amazing doesn't do that - the proof is in the pudding. Make money on their investments, and I think the share price will go up. China interest rate is about 5.5%. Imagine, if they sold the property at NAV and just received interest on $4 a share - they could pay us $0.2 dividend a share every year, and our shares would be worth close to $4 as there would just be cash. Now that would be a good capital gain, and recurring income! (ah, but management would lose out, as their income of $m's a year would disappear.) Cannot understand why the return on the capital it produces is of so little relevance to you. That is why there is a 60% discount to the quoted NAV. You see value in a 60% discount, but then just assume macro factors will close it. If the market shared your view, then there would not be such a discount. You are saying macro factors will push up rents, which will push up share price. maybe, but if yield stays low, a discount will persist. What if costs continue as the same percentage? So, if the current discount persisted, we would only benefit 40% of the growth.
27/10/2010
19:45
eddie1980: Off top of my head, one of the trust fees is 0.5% and another 0.02%, but cannot be certain until check. How can statement that Co has not made operating profit for current period not be news? its certainly not clear from the summary. The main headings to announcement is Gross Revenue, Net Property Income, Net Profit after Tax. They include the forex gains in Net profit, so it is not clear they make no operating profit. Still don't understand why you seem to have no interest in what cash the company makes. I assume you think that because rents will go up they must make money in future, but it is how much they make which is important, and that is down to the costs as well. If you had £100m, you would surely choose to allocate to resources that can create the greatest return on your investment, no? well TCT have chosen to invest their resources in property and therefore should be trying to get the greatest return on that investment, which ultimately means generating cash returns. Otherwise why not invest it in assets which can make a greater return - cement (don't they have something like 40% return on capital)? As shareholders/potential shareholders, we make similar decisions - where will we get the greatest return? We are lucky that we can buy the £100m of assets at60% discount. But why are they at such discount - because the underlying assets (i.e TCT's property) are making no returns. So we are looking for exactly the same thing. When the assets start making a return, investors will start valuing those assets, and the share price goes up. And as it is currently at such a discount to underlying assets, it is like having a geared investment. Why would you pay 100 for an asset producing less than 1? when they can produce a better yield, then investors will be pay more for that asset. As the NAV already seems to be calculated based on future income (i.e incorporated the expected uplift in rents from the legacy leases extensions and rental growth) I don't think there will be an equivalent uplift in asset values when forecast rents have doubled, what I think they will be is a smaller gap in the share price to the asset values (assuming they make a better margin) - and that is what will drive the share price, so the ability to generate cash and yield is the most important thing to drive the gap in the NAV for me. Another way of thinking about this - would you think S$4 a share right now is good value? So I want the same thing as you - only I see it that it is poor/nil margins that is the problem, hence my focus on items which lower this. (Just to note the dividend yield is not supported by the money it makes, it is just paying out reserves, effectively its capital. Am fine with this policy, but why not extend it and sell all the assets and pay out the cash!)
13/9/2010
15:54
eddie1980: The more I think about the share price, the more I think its current performance is relevant. At 1.52 on the sell, the approx old share price is £3.67 (at 2.07 GBP:SGX) That is down over 20% since the highs at around £4.60 in April/May. Not exactly a great performance, considering the effort and expense of relisting and the supposed interest they were meant to generate in the stock. I actually wonder whether the extra information out in the market about the company's financials in the listing docs and brokers reports have had a negative effect on the share price. I was attracted to the stock because of the apparent large disparity of the NAV, but seeing the listing doc on the projections for cashflow and profits, and how this doesn't seem to support the NAV, I wonder whether it is this that has negatively affected the share (as something certainly has).
14/8/2010
10:27
eddie1980: Longsight, I own shares but am just annoyed I reacted to (partly my own) hype about them before I bought a lot prior to the move. What I find funny is people who can't consider opinions other than their own. With a lot of these shares, you say one thing, others something more conservative and the share price tends to agree with those. JP's report says the NAV's are based on market rents, which TCT does not currently have. There is a lot of property supply in Shanghai as well. (Clearly in TCT's case else how else do you explain the low rents - do you think they just felt kind!) Can you see key tenants paying 8 times their current rent at the end of their current lease, or do you think they would seek better terms elsewhere (or with TCT) - either way, how do you get to market rates? Same with the other article you post, what was the base rent that increased 82%. Just proves point that currently tenants are on v.low rents. Yes, Directors bought, but of course in their interests as they get both salaries from TCT and take $30m odd from the Co in all the fees for Treasury Holdings each year so you would hope they want to show some support for it! What is your definition of strong profits - so profits of $0.1 is about 6.5% of current share price in 3 years times - jeez you have a generous definition of strong. Given, you have said you think the share price will be (over )3 times higher by then, it will be producing profits of about 2%! of your price then - that's tremendous. I would say that its probably a bit too early to get excited about the dividend as well considering they don't make a profit for three years and even then the full year profit is the amount they are paying out this year, so its not going to be a payment from their earnings for the year. (do you know any other property company where you have to wait three years to hope the rents actually cover the cost of interest and management fees - nope me neither.)
07/6/2010
12:11
longsight: Result of EGM & Court Meeting TIDMCREO RNS Number : 1787N China Real Estate Opportunities PLC 07 June 2010 ? CHINA REAL ESTATE OPPORTUNITIES PLC Scheme of Arrangement update: results of shareholder meetings Further to the announcement by China Real Estate Opportunities plc ("CREO" or the "Company") on 21 May 2010 regarding the posting of the circular in relation to the listing of a Singapore Business Trust, to be known as Treasury China Trust ("TCT") of which CREO would become a 100% owned subsidiary, the associated admission of TCT to the Official List of the Singapore Stock Exchange ("SGX") and cancellation of the admission of CREO ordinary shares to AIM ("Scheme Document"), the Company is pleased to announce that at the Court Meeting and Extraordinary General Meeting held earlier today to approve the Scheme and associated matters, all resolutions were passed. As described in the announcement made by the Company on 26 April 2010, the move to Singapore and consequent cancellation of its AIM listing, to be effected by the Scheme, is intended to position the Company closer to its asset base and facilitate demand from Asian investors. At the Court Meeting, the required majority in number of those Scheme Shareholders present and voting, either in person or by proxy, representing 100 per cent. of the voting rights of all Scheme Shares in respect of which votes were cast, voted in favour of the Scheme. The voting of those Scheme Shareholders who cast votes either in person or by proxy at the Court Meeting was as follows: +---------+--------------+-------------+--------------+-------------+--------------+-------------+ | | Total Votes | Votes for the | Votes against the | | | | Scheme | Scheme | +---------+----------------------------+----------------------------+----------------------------+ | | No. of | No. of | No. of | No. of | No. of | No. of | | | Scheme | Scheme | Scheme | Scheme | Scheme | Scheme | | | Shareholders | Shares | Shareholders | Shares | Shareholders | Shares | | | | Represented | (and %) | Represented | (and %) | Represented | | | | | | (and %) | | (and %) | +---------+--------------+-------------+--------------+-------------+--------------+-------------+ | Totals | | | | | | | | in | n/a | n/a | n/a | n/a | n/a | n/a | | person | | | | | | | | and by | | | | | | | | proxy | | | | | | | + +--------------+-------------+--------------+-------------+--------------+-------------+ | | 329 | 28,077,788 | 329(100%) | 28,077,788 | 0 (0%) | 0 (0%) | | | | | | (100%) | | | +---------+--------------+-------------+--------------+-------------+--------------+-------------+ At the EGM, all of the resolutions required to implement the Scheme and certain other connected matters were passed on a poll. In order to become operative in accordance with its terms, the Royal Court of Jersey must now sanction the Scheme at the Court Hearing. This hearing is scheduled to take place on 16 June 2010. As set out in the announcement made on 21 May 2010, trading in the CREO ordinary shares on AIM will therefore be suspended at 7.00 a.m (London time) on 16 June 2010. If the Scheme is sanctioned by the Court and becomes operative in accordance with its terms, the admission of the CREO ordinary shares to trading on AIM will be cancelled. Due to the period required to process the exchange mechanics for issuing the units in TCT, the Scheme will not become operative until 21 June 2010. On the Scheme becoming operative, CREO shareholders will receive 5 units in TCT for every one CREO share held. It is currently expected that the units in TCT will be listed and begin trading on the Main Board of the SGX on 21 June 2010. The admission of the CREO ordinary shares to trading on AIM is therefore expected to be cancelled at 7.00 a.m. (London time) on 21 June 2010. CREO shareholders will not have to pay anything for their units in TCT. In the event that there are any changes to the timetable, CREO will give notice of such changes by issuing an announcement to the London Stock Exchange and by notice on its website. The Court Hearing will be heard at 9.00 a.m. (London time) on 16 June 2010 at the Royal Court of Jersey, Royal Court House, Royal Court Square, St Helier, Jersey, at which all CREO shareholders are entitled to attend in person or through Jersey advocates to support or oppose the sanctioning of the Scheme. Terms defined in the Scheme Document shall have the same meaning(s) when used in this announcement.
06/5/2010
12:08
longsight: Steg - they were I believe forced sellers but I still think there was something very fishy about them accepting what appeared on the face of it to be such a huge undervalue. Mikeja has informed us that these will sell for £9 in a few months time. If he is right, why did REO accept £3.30? Were they unaware of Mikeja's valuation? Surely if they are worth that much REO cd find a way of hanging on for almost 3 x the price? I suppose if the money was going to their creditors & REO & CREO were related parties then that might explain it. In fact I do believe that REO, CREO & TH were all related. Certainly TH & CREO share a common Director. This might explain why CREO were happy to agree to pay TH £53m in fees in 2008 when the Co in fact lost money. Obviously CREO has minimal surplus income from its low yield rents when the cost of servicing debt is subtracted, so investors here are concentrating on the Asset valuation but if TH siphon out large chunks of this with their fees then perhaps this might explain the share price disparity to NAV. I guess the Singaporeans will read all of this in the listing document, assuming the Singapore SE is happy for the Co to list, and they will make up their own minds.
20/11/2009
12:22
hieronymous1: Do the NAV covenant problems at Real Estate Opportunities have any bearing on the CREO share price? REO is having prolonged negotiations with the Irish government's financial lifeboat and with Lloyds/HBOS in the UK. Is the market worried that REO may have to sell its 16.9 per cent stake in CREO to pay down debt?
20/11/2008
10:36
lbo: http://www.independent.ie/business/stocks-markets/credit-crunch-syndrome-hits-irish-property-investment-in-china-1546194.html The November trading statement said that CREO had boosted office rents by between 10pc and 50pc since July this year. Its retail division had completed 21 lease renewals and new leases over the period and these achieved rent increase of up to 40pc while averaging 16pc growth. Occupancy rates at its three Shanghai properties range between 92pc and 97pc. According to an analyst's report from Libertas Capital on the same day, 75pc of CREO properties are generating yields of 8-9pc when leases are renewed with the cost of debt around 7.5pc. "The portfolio was valued at £760m in June last but after currency movements this is now £850m. This should take the net asset value per share from £9.74 at June 30 to £11 putting CREO shares on an 85pc discount (to its share price at the time)." Two days later as the share price recovered slightly the discount had reduced to 81pc according to Edison investment research, which provides CREO with research services. It argued that the valuation appeared anomalous "relative to positive trading, Q3 rents uplift and further NAV in the pipeline". Edison also pointed to the appreciation of the Chinese yen against sterling For euro investors the sterling weakness is not as much of a carrot as it is for the British but a lot of that weakness may already be factored into the share price. The recent improvement in the share price may also have factored in the Chinese government's investment plan. Nevertheless, over the long term the Chinese appear to have the human and financial resources to sustain growth. This augurs well for the share price as does CREO's pipeline of office, retail and warehousing projects in Shanghai and Beijing.
China Real Estate share price data is direct from the London Stock Exchange
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