|Interesting but company needs a final winding up vote once all assets sold|
|ASPL still on a much bigger discount to NAV|
|Trying to work this one out.
Very interested in investing in Vietnam which I know well after a number of trips. Like the way that the infrastructure is improving at a rate of knots and the signs of industry on the edges of the major cities with factories that deal with the West opening up all the time.
Good to recognise a number of people on here davebowler and Wiganer you are well known to me.
However any precis of the company and its potential would be much appreciated. I have read through the most recent posts and also visited the smart website but am I right in seeing a market cap of over £435m and a solid profit.
Could someone who has been here a while outline the financials (briefly) - I am having difficulty working out the current pe and cash situation.
I have money to invest but need to know more.
Also I went into this ticker on IG Index and the share price came up at between 95 and 96p not 0.95 and 0.96 - why?
Any help would be appreciated.|
|is this fund quoted in $dollars|
|ASPL seems to be at a much bigger discount to asset value than this one. However it does also invest in Malaysian Proprty too so not quite comparable.|
|With Vietnamese property prices increasing between 50-100% across the board in 2007, the NAV is due a huge re-rating over 2008 as present projects start to reach promotional and selling stages.|
|how can i invest in this stock? hsbc, halifax and selftrade do not trade this.|
|Picked this up today...Vietnam has excited international investors in a number of fields from textiles to power projects but now steel seems to be catching the eye. Tata steel, Baosteel and Evraz have already been casting acquisitive glances in the direction of existing and Greenfield steel projects, but they pale in comparison with the new plans announced by Eminence. The US group intend to invest a staggering $30bn into the construction of a steel plant (and auxiliary satellites) in Vietnam's Nghi Son economic zone. The plan will see $26bn directly put into the plant, and a further $4bn invested in a thermoelectric plant, a shipyard, an urban residential area and a research institute. The first tranche of the cash will help establish a steel plant between 2007-2012, with a further $18bn dedicated to upgrading the plant in the remaining years to 2020. Once completed, the mill will employ 10,000 people and will have an annual capacity of 30mt of steel products (mostly high-quality items for export). The scale of the ambition is extraordinary to give it some perspective, total foreign projects in the country to date (7,086) have invested around $64.2bn. Eminence alone will invest more than three times the amount of money put into the country to date from the leading foreign investor Singapore ($8.8bn).|
|Nice to see the Chairman increasing his stake to just over $4,000,000
VinaLand says raises 407.27 mln usd in 2nd round funding exceeding original goal
LONDON (AFX) - VinaLand Ltd said it has raised 407.27 mln usd in its second
round of funding surpassing its original target of 200 mln usd, adding that the
funds will be used to build a diversified portfolio of prime real estate assets
The investment company, which was admitted to the AIM in March, said the
funds were raised via a sale of 295.12 mln shares priced at 1.38 usd each,
taking VinaLand's market capitalisation to about 775 mln usd.
VinaLand said chairman and director Horst Geicke subscribed for 1.75 mln
shares, taking his total holding to 0.55 pct or 2.75 mln shares.|
|Good to see share price rising with fund raising now closed!|
|Notice that this got a mention in Money week mag along with a piece on Vietnam.|
|Looks like a pretty nice hotel.
VinaLand Limited Announces Significant Real Estate Investment in Ho Chi Minh
City Hospitality Market
Ho Chi Minh City, Vietnam, February 13, 2007 - VinaLand Limited ("VNL" or, the "
Company") (AIM: VNL), the investment company admitted to trading on the AIM
market of the London Stock Exchange plc is pleased to announce the successful
purchase of a 52.5% interest in the Omni Saigon Hotel for US$16.5 million.
The Omni Saigon Hotel has been in operation since 1993 and enjoys a convenient
location in Vietnam's premier business city. Located minutes away from Ho Chi
Minh International Airport, and a 15-minute drive from the central business
district, the 249-room hotel is managed under license from Marco Polo Hotels, a
leading luxury hotel company in the Asia-Pacific region.
In keeping with the Company's investment strategy, the Company's investment
manager, VinaCapital Investment Management Ltd ("VinaCapital"), has devoted
considerable efforts to identify the most profitable investment projects in
Vietnam. VinaCapital believes Vietnam's travel and leisure market is an
attractive investment and expects the hotel segment, especially in Ho Chi Minh
City, to be a strong performer due to rising demand from tourists and business
travelers and an extremely limited supply of rooms.
VNL's investment comes at the conclusion of successful negotiations with Omni
Saigon Hotel's foreign-domiciled shareholders. Vietnam Opportunity Fund Limited
(AIM: VOF), another closed-end investment company admitted to trading on the AIM
market and managed by VinaCapital, will be a co-investor and hold a 17.5%
interest in the property. The Company may invite additional co-investors to
participate in this project in the future.|
|Equity Fund Raising
VinaLand Limited (AIM:VNL) is pleased to announce its intention to raise
approximately US$200,000,000 by way of a limited private offer for subscription
of 145,000,000 new ordinary shares of US$0.01 each (the "Ordinary Shares") at a
price of US$1.38 per share (the "Fund Raising"). The anticipated closing date
for the Fund Raising is 7 March 2007 and an application will be made to admit
the new Ordinary Shares for trading on AIM, currently expected to occur on 23
March 2007. A further announcement will be made upon completion of the Fund
There will be a pre-emptive preference for the Company's existing shareholders
who participate in the Fund Raising. In the event subscriptions need to be
scaled back, existing shareholders who participate in the Fund Raising by 26
February 2007 will be guaranteed to receive an allocation of at least one (1)
new Ordinary Share for each two (2) Ordinary Shares held by them on the record
date of 22 January 2007.|
|Great peice of news...This site is right next to the centre of HCM...I was in HCM city in july last year and saw the port, it is in an amzaing location, right in the heart of the city, prime real estate, and this deal by Vinaland proves just how much ahead of the competition they are in securing something like this. Well done Vinacapital!
19 January 2007
VinaLand Announces Investment Agreement with Saigon Port
VinaLand Limited (AIM: VNL), the investment company admitted to trading on the
AIM market of the London Stock Exchange plc, is pleased to announce that it has
signed a preliminary investment agreement with the Saigon Port Company to
redevelop the 23-hectare site that currently houses the main port in District 4.
VinaLand will make a US$11.25 million investment deposit to secure development
rights over the site, and the Saigon Port Company will be responsible for
relocating the port. The agreement will allow VinaLand to initiate feasibility
studies needed to determine the nature and extent of its involvement in future
projects on the site.
Saigon Port has been required to relocate as part of a Government plan to move
Ho Chi Minh City's urban ports to outlying areas, and plans have been made to
re-establish the port in Cai Mep, Ba Ria Province. VinaLand plans to redevelop
the site for mixed-use, including office, hotel, commercial, and residential
The site is adjacent to the Central Business District and is one of very few
large-scale sites near District 1 with only one occupier. Its riverfront
location and proximity to both the downtown area and the rapidly-developing
Saigon South give it tremendous appeal for a range of potential users.
Peter Dinning, Managing Director of VinaCapital Real Estate, described the
project as "a unique opportunity to create a large, multi-purpose development in
an exclusive location, the value of which will increase as Ho Chi Minh City
VinaLand is a major stakeholder in another large-scale, mixed-use development
across the river from the new site and the Central Business District, in
District 2. This area is often compared with Shanghai's Pudong New District,
which in the last 15 years has been transformed from farmland into China's
financial hub and a national symbol of economic development.|
|Stephen O'Grady, managing director of Hotels and Resorts Management, VinaCapital, said: "VinaCapital recognises that tourism in Vietnam offers great opportunities and potential; not just in hotels and resorts, but also in water parks and golf courses." Luxury brand Six Senses Hotels Resorts and Spas operate three resort properties and more are in the pipeline. "Demand for luxury from international clientele is there," said managing director of business development, TJ Grundl-Hong. "Potential is huge for us as a luxury resort operator, mainly because we pioneered the 'beach resort destination' holiday concept in Vietnam, back in 2001.
"It was very expensive and time consuming, but it paid off well.'' Homegrown investors such as Saigontourist one of Vietnam's state-owned tourism companies are also investing in an increasing number of beachside properties. International high-end hotel chains are adding to the development fever, predominantly in Ho Chi Minh City and Hanoi. Park Hyatt opened in HCMC in 2005; already operating nine hotels, ACCOR plans four more by 2008 encouraged by 80 per cent occupancy rates of available rooms in their four city hotels so far this year. Starwood now operate two Sheratons. They and the Hyatt group plan to develop more hotels.
The Hilton Group operates one hotel and the InterContinental Group plan to open an InterContinental hotel also in Hanoi, in 2007. Paul Logan, the vice-president of development, Southern Asia, InterContinental Hotels Group Asia Pacific, said: "We recognise Vietnam is one of the hottest South-East Asian countries for hotel development, with potential for us to introduce our luxury InterContinental brand, plus Crowne Plaza and Holiday Inn brands in both city and beach destinations across Vietnam." Accommodation development could well struggle to keep up with the ambitious target set by the government of five-and-a-half to six million international arrivals to Vietnam in 2010
|Great rise again today!!|
|Certainly a new high now! Pretty strong today...long may it continue.|
|And there we have it $1.31 at the close!|
|Up over previous highs of $1.29, lets hope we can close at or above this level.|
|Hectorp...I am sure they are not paying over the odds for the land they buy. I have met the real estate team and they seem very switched on. They also have a huge team on the ground in HCM city so they are able to find the best deals. It is true land prices have increased rapidly over the last few years...but from increadibly low levels and still extremely cheap by other asian country prices. I am very confident in the managers, their ability to find good deals and the Vietnamese market over the next few years to see these shares as a solid investment.|
|The proposed 'new law' will 'help bring property prices down to earth'. ( above).
Presumably this company is not currently paying high prices, for properties that will soon perhaps ' come down to earth' ?
Memorandum of Understanding with the Danang People's Committee
VinaLand Limited ("VinaLand") (AIM: VNL), the investment company listed on the
AIM market of the London Stock Exchange plc, is pleased to announce that it has
agreed the terms of a memorandum of understanding with the Danang People's
Committee to develop a mixed-use property in Danang's up-and-coming Son Tra
district. The nine-hectare development will feature a large retail center,
office and residential space, a five-star hotel, and a new international school.
The first phase of the project is expected to include the construction of the
commercial centers and the international school, followed by the construction of
the residential developments. VinaLand has agreed to pay a non-refundable US$2
million in cash to the Danang People's Committee to secure the project.
VinaLand expects to invest an additional amount of approximately US$22 million
in cash over the next 12 months to secure the necessary investment licenses and
land use rights, plus an additional US$36 million in cash as each phase of the
development is completed over a period of five years. VinaLand estimates the
total development cost to be approximately US$200 million upon completion.
The development site is an excellent location along the Han River, midway
between downtown Danang and China Beach. The development's retail center is
expected to be the first major shopping area in Danang. Peter Dinning, managing
director of VinaCapital Real Estate Limited (development adviser to
VinaCapital), pointed out that Danang receives one-third of the estimated US$5
billion in annual remittances to Vietnam from overseas, and this is driving
demand for international-standard retail outlets.
Danang is a fast-growing city of approximately 800,000 that serves as the
economic hub of Central Vietnam and attracts approximately two million tourists
per year. Like Ho Chi Minh City, Danang has an international airport and
container sea port, and is the focal point of a number of nearby industrial
zones, such as the Dung Quat and Chu Lai economic zones. Danang also serves as
a key stop for tourists visiting the imperial capital of Hue and the popular
city of Hoi An.
This is VinaLand's second property development in Danang; the first being a
golf course, resort, and residential development on China Beach. Mr Dinning
said the project "fits very well with VinaLand's strategy of securing prime
urban development sites for mixed-use projects in Vietnam's key population