Prosperity Minerals Share Discussion Threads

[dr contrarian] 20/6/2013 12:12

If Chairman Wong is looking to announce a takeover deal for remaining shareholders - I think he will be talking 130p minimum, because of the put option arrangement made with LIM a few months ago at 130p.


'In connection with the issue of the Convertible Notes, the Company has also entered into the Put Option Deed with the Investors on 1 February 2013, pursuant to which the Company agreed to grant the Put Option to the Investors to require the Company (or its nominee) to purchase all or part of the Option Shares (i.e., 7,869,396 PMHL Shares,representing all the PMHL Shares held by the Investors as at the date of the Put Option Deed, together with any Derivative Shares) at the initial Exercise Price of £1.30(equivalent to approximately HK$16.12) per Option Share (subject to adjustments)at anytime from the Issue Date and ending on the second anniversary of the Issue Date.'

[celeritas] 20/6/2013 12:05

For all we know Wong could finally be putting together an offer for the rest of pmhl, makes perfect business sense.

[dr contrarian] 20/6/2013 11:53

Looks like someone's keen to get in before the results next Thursday and they aren't letting the background market put them off.

Folks seem to be finally waking up to the undervaluation here.

[john henry] 20/6/2013 10:26

Celeritas its only Cana actually making a market.

Technically a clear move up to the mid 90s.

[john henry] 20/6/2013 10:17

SFA available Celeritas

[celeritas] 20/6/2013 10:11

jh, just checked, only 1k of stock available at exactly 85p

[celeritas] 20/6/2013 10:07

Dr, not long anyway for exact figures on how many are left.

[john henry] 20/6/2013 10:07

Would appear there are a few available from yesterdays 25K sell @ 83.4

[celeritas] 20/6/2013 10:03

Iron ore has been all over the place this year, think it hit $154, then down to 110 now around 120. It's been consistently higher than the last half of last year.

[dr contrarian] 19/6/2013 17:48

Though the Iron division only repesents a minor segment of the company's assets, it's good to see that Iron prices are recovering somewhat this week -

[dr contrarian] 19/6/2013 17:37

Celeritas, pretty sure we will see less than 91 remaining units at the Guangzhou development when the results are published next Thursday. I'm estimating around 50 remaining units based on the 91 listed on the third party sites ... though it doen't make much difference - as either number means they are very close to pre-sales completion.

[john henry] 19/6/2013 16:46

Delayed 10K buy @ 87.36p

The MMs obviously have no stock to sell at the prices quoted, yet they continue

to hold the price at levels where there are no sellers.

If they want stock they've got a strange way of going about it.

Maybe they've sold stock they haven't got.

[celeritas] 19/6/2013 15:47

Collated figures since the last update in November which gave us sales of £135m to circa the last third of November.

Dec sales £7,999,000
Jan sales £10,113,000
Feb sales £8,568,000
March, I can't find the data.
April sales £13,328,000
May sales £4.9m
June £4.3m

Total sales since the last update, minus March = £49,208,000

[celeritas] 19/6/2013 14:27

91 units left for some very rich people. I expect as this number falls the properties will be snapped up by those not wanting to miss out.

I notice in the March to April period 27 units were sold at an average price of 41,197 per sqm.

Pmhl have had sales of :-

£13,328,00 in the month to April 22nd
£4.9 in the month to May 21st and
£4.3m in the month to June 19th.

Total £22.528m in 3 months.

[dr contrarian] 19/6/2013 08:26

55,000 per sqm that's some increase - especially when compared to the original estimate of 21,000 per sqm - looking forward to the official update next thursday.

[celeritas] 19/6/2013 08:12

The big units are priced at 55,000 sqm

91 still to be sold according to NetEase, we started with 649.


Dongfang Wende Plaza push 239 square meters big house price 55,000 yuan / ㎡ 2013-06-19

NetEase property on June 19 reported that NetEase real estate reporter recently learned Oriental Landmark are remaining 239 square meters large size units, average price of 55,000 yuan / square meters, with decoration.

According to NetEase property data center statistics show that nearly a month Dongfang Wende Plaza 9 residential units were sold, closing an area of ​​1036 square meters, the average transaction price of 41,658 yuan / square meters. The project is an existing 91 residential units unsold.

Yuexiu District Dongfang Wende Plaza is a rare large-scale projects, product selection, comes with commercial facilities, and most important "Cultural Property" concept, in addition to primary school places Wende readable outside the provincial level, but also for real estate owners to provide their children Wan wooden cottage Sinology degrees.

[celeritas] 18/6/2013 16:06

15% rise in Guangzhou, not only is that good for Oriental but also Silver Bay.

[celeritas] 18/6/2013 16:03

China May Home Prices Rise as Major Cities Post Record Gains
By Bloomberg News - Jun 18, 2013 3:39 AM GMT


China's new home prices rose in almost all cities in May, led by major centers, as the government's latest property measures failed to deter buyers.
Prices climbed from a year earlier in 69 of the 70 cities tracked by the government, the most since August 2011, the National Bureau of Statistics said in a statement today. The southern business city of Guangzhou posted the biggest gain with prices rising 15 percent from a year earlier. Beijing prices climbed 12 percent, while they advanced 10 percent in Shanghai. All three cities had their biggest increase since the government changed its methodology for the data in January 2011.

[celeritas] 18/6/2013 14:49

Yeah, one mm moved down, ( nite buying at 80p and selling for 85p) still looking for stock with L2 being 2vs2.

[dr contrarian] 18/6/2013 13:25

Price marked down, but stock still in short supply, 5k max at the offer.

[dr contrarian] 18/6/2013 13:22

Don't think many will be shaken out around current prices, whilst we have risen well off recent lows in line with the value of our stake in ACC, the shares still attribute little value to the company's property interests.

Still off most investors radar, the full year results should help raise awareness about the upcoming profits from the property developments.

[celeritas] 18/6/2013 10:59

I agree jh, the mm's are short of stock and have probably sold what they don't have. Anyone want to oblige them with some stock, about time we had a shake.

[john henry] 18/6/2013 10:21

bohemian13 no stock available at present offer.

Since the overhang was cleared stock has got tighter.

MMs may need to get above 100p to find sellers and a little liquidity.

[bohemian13] 18/6/2013 10:18

I can see why someone needed to pay 88p for 40k, just tried a mere 10k on a T+10 - they wanted 87.2p.