Asian Growth Properties Share Discussion Threads

[longshanks] 13/5/2008 17:28

you seem quite lonely on here latifs100.

Price does look very cheap...but I am a little sceptical of any opportunity so tightly controlled by a few people. Still it's on my watch list now. I will take a more in depth look and maybe buy a few.

[latifs100] 10/5/2008 04:58

ANYONE HAVE SHARES IN THIS COMPANY.. CANT UNDERSTAND WHY ITS GOING LOWER AND LOWER.

[latifs100] 28/4/2008 13:23

Net asset value per share as at 31st December, 2007 of HK$7.62 (49.2 pence)
(31st December 2006: HK$6.85 (44.9 pence))

still no interest at 20p to buy?

[latifs100] 08/10/2007 13:27

Asian Growth Properties director Lu Wing Chi holds 25.49 pct in co




LONDON (Thomson Financial) - Asian Growth Properties Ltd said executive
director Lu Wing Chi is deemed to hold 225.94 mln shares or 25.49 pct in the
company.
This follows SEA Holdings Ltd raising its stake in Asian Growth to 861.22
mln shares or 97.17 pct after its subsidiary Manifold Returns Group acquired
2.71 mln shares or around 0.31 pct in Asian Growth from an independent third
party at 29.5 pence on Oct 4.
Lu Wing Chi is deemed to hold 25.49 pct stake in Asian Growth Properties as
he owns 30 pct stake in Nan Luen International Ltd, 6.52 pct in JCS Ltd and is a
beneficiary of a discretionary trust which owns 26.09 pct in JCS.
JCS Ltd holds in 63.58 pct in Nan Luen International, which in turn holds
51.71 pct in SEA Holdings

[latifs100] 03/10/2007 17:00

now 32p.... no one interested?????? net asset value = 45p

[latifs100] 02/10/2007 17:01

rns announced.... director purchases at 29.5p..

[latifs100] 28/9/2007 14:24

finally, i mite have a winner here, up to 31p.... get in now!!!!!!

[latifs100] 27/9/2007 13:52

any one interested in this co. 2mill odd buy gone thru at 29p.. and no news, strange

[latifs100] 05/9/2007 09:00

profit surges, revenues increased, Net asset value per share as at 30th June, 2007 of HK$7.00 (44.5 pence per
share) (31st December 2006: HK$6.85 (43.6 pence))


Remark: An exchange rate of GBP1.0 = HK$15.72 is used in this announcement

share price 30p...? must be a bargain

they focus in china. 2008 olympic is in china. looks good. they came on the the market at around 50p

[latifs100] 01/8/2007 11:59

when will this break above 40p

[latifs100] 08/5/2007 10:43

any info on this.. tempted to top up, whens results due?

[latifs100] 24/4/2007 10:06

1.8 mill buy gone thru? any ideas.

[latifs100] 01/12/2006 08:14

up 6%.. anyone in the know

[latifs100] 24/11/2006 13:43

sea holdings trades in hong kong been going up from 4.1 to 4.6 hk dollars, hence agp sud move too.

[mangal] 17/11/2006 14:52

Can anyone tell me what all this is about? Is it a deliberate attempt to confuse?

"
9th October, 2006
Asian Growth Properties Limited (the 'Company')

Changes of Significant Shareholders' INTERESts and a Director'S Deemed INTEREST

The board of directors of the Company, the Hong Kong based property development
and investment company, announces that:


1. Change of Significant Shareholders' Interests



The Company received notification today that S E A Holdings Limited ('SEA') is
now beneficially entitled to 850,368,458 ordinary shares of US$0.05 each in the
Company ('Ordinary Shares'), which represents approximately 95.94% of the
existing enlarged issued share capital of the Company and that on 5th October,
2006 Charm Action Holdings Limited ('CAH') acquired 668,653,817 Ordinary Shares,
which represents approximately 75.44% of the existing enlarged issued share
capital of the Company.



175,094,641, 6,620,000 and 668,653,817 Ordinary Shares, which represent 19.75%,
0.75 % and 75.44% of the existing enlarged issued share capital of the Company,
beneficially owned by SEA are held through its wholly-owned subsidiaries SEA
(AGP) Offshore Limited, Manifold Returns Group Limited ('MRC') and CAH
respectively.



Together with the 5,444,879 Ordinary Shares held by its 79.51% owned subsidiary
Trans Tasman Properties Limited ('TTP'), SEA and TTP presently hold, in
aggregate, 855,813,337 Ordinary Shares representing approximately 96.56% of the
existing enlarged issued share capital of the Company.



With effect from 5th October, 2006, CAH has become a significant shareholder of
the Company while MRC has ceased to be a significant shareholder of the Company.



2. Change of a Director's Deemed Interest



As a result of the change of SEA's shareholding in the Company, Mr. Lu Wing Chi
('Mr. Lu'), a director of the Company, and persons connected with him are deemed
to be beneficially interested in 226,305,143 Ordinary Shares, which represents
approximately 25.53% of the existing enlarged issued share capital of the
Company. Mr. Lu is deemed interested in the said Ordinary Shares by virtue of
(i) his 6.52% direct shareholding interest in JCS Limited ('JCS'), (ii) him
being a discretionary beneficiary of a discretionary trust which owns 26.09% of
the issued shares of JCS, and (iii) his 30% direct shareholding interest in Nan
Luen International Limited ('NLI'). JCS is interested in 63.58% of the issued
shares of NLI which in turn is interested in 52.19% of the issued shares of SEA.

"

What's the bottom line?

[latifs100] 20/9/2006 11:22

another dissapointment, why all gains dissapeared from yesterday..?

[latifs100] 20/9/2006 11:22

another dissapointment, why all gains dissapeared from yesterday..?

[ttnyrp] 19/9/2006 07:17

I don't hold, but you guys will be interested in this!

===============================

Asian Growth Properties Limited
19 September 2006

This announcement is not for release, publication or distribution in or into
Australia, Canada, Hong Kong, Japan, The Republic of Ireland, South Africa or
the United States of America.



19 September 2006



ASIAN GROWTH PROPERTIES LIMITED



AGP ACQUIRES PROPERTY PORTFOLIO IN HONG KONG AND CHINA FOR HK$4,430 MILLION
(£302 MILLION)

Asian Growth Properties Limited (AIM stock code: AGP), the Hong Kong based
property development and investment company has conditionally agreed to acquire
a portfolio of six properties in Hong Kong and China from its major shareholder
S E A Holdings Limited ('SEA') for approximately HK$4,430 million (£302
million). These properties are currently held by the Target Group.
Accordingly, it is proposed that the Company will acquire the Target Company
from SEA. The consideration will be satisfied by the issue to SEA of
668,653,817 Ordinary Shares and the payment of approximately HK$500 million (£34
million) in cash from AGP's existing cash reserves. The property portfolio is
valued at approximately HK$6,425 million (£437 million) and represents the
majority of SEA's portfolio of Hong Kong and China property interests.

Due to the size of the transaction relative to the size of AGP and SEA's
shareholding in AGP, the proposed transaction constitutes a related party
transaction and a reverse takeover for AGP under the AIM Rules.

Highlights:

* AGP currently has a property portfolio consisting of three development
properties and one investment property, all located in Hong Kong. AGP's
total asset value and net asset value were, as at 30 June 2006, HK$2,221
million (£151 million) and HK$1,575 million (£107 million) respectively.

* AGP has negotiated a unique opportunity to purchase the property portfolio
from SEA at market value, determined by Savills, an independent,
internationally recognised professional valuer. The total asset
value and net asset value of the Target Group as at 30 June 2006 were
HK$7,742 million (£527 million) and HK$4,403 million (£302 million)
respectively.

* SEA is the major shareholder of AGP holding approximately 85.42% of the
Existing Ordinary Shares. The portfolio of properties in the Target
Company comprises the majority of SEA's real property investment
and development assets in Hong Kong and China. Upon Completion of the
Acquisition, the Target Company will become a wholly-owned subsidiary of
AGP and SEA will increase its shareholding interest in AGP to
approximately 96.42%.

* The combined portfolios (after deducting approximately HK$500 million
(£34 million) cash consideration) will increase AGP's total asset value
and net asset value to HK$9,463 million (£644 million) and HK$5,505 million
(£375 million) respectively and the proposed Acquisition will, in one
transaction, facilitate AGP's entry into the China property market.

* The consideration for the proposed transaction is expected to be in the
region of HK$4,430 million (£302 million) (subject to a cash adjustment
upon Completion). This figure is based on the net asset value of
the Target Group adjusted to take account of property valuations and
minority interests.

* The consideration will be paid partly by the issue by AGP to SEA of
668,653,817 Consideration Shares at a price of 40 pence per share (and
based on an exchange rate of £1.00 = HK$14.693). The balance of
HK$500 million (£34 million) will be settled in cash from AGP's existing
cash balances.

* The deemed issue price of 40 pence per share represents a premium of 19.74%
over the average trading price of the AGP shares on AIM over the last three
months ended 15 September 2006 and a discount of 18.78% to the net asset
value per AGP share as at 30 June 2006. The Board considers this
transaction to be fair and reasonable and that the 14.17% dilution in net
asset value per Existing Ordinary Share on completion of the transaction
impacting Shareholders is, in the opinion of the Board, more than
compensated by the quality, value and potential of the property portfolio
being purchased from SEA.

* The transaction is subject to the approval of AGP Shareholders at an EGM
to be held at 5:00 p.m. (Hong Kong time) on 4 October 2006. AGP expects
the Enlarged Share Capital of AGP to be admitted to trading on
AIM on 5 October 2006.

* As part of the Proposals, a Management Agreement between the Company and
SEA has been negotiated, pursuant to which SEAIA will undertake to manage
AGP's investment and development assets. The Company is particularly
pleased with the terms and conditions of the management agreement given
SEAIA's management team have been operating in Hong Kong and China for
50 years and have wide experience in property development and investment.



Commenting on the proposed transaction, Don Fletcher, Chief Executive Officer of
AGP said:

'The Board of AGP unanimously endorses this transaction and see it as an
exciting expansion of AGP's activities in China and Hong Kong. We recommend
that Shareholders vote in favour of the Resolution. It is not often that an
opportunity to purchase a portfolio of assets presents itself in the Hong Kong
and China market'.



This summary should be read in conjunction with the full text of this
announcement.

[latifs100] 01/9/2006 15:19

hong kong shares were up on property prices.. but alas, AGP still non mover.., any ideas?

[latifs100] 27/4/2006 11:37

get in now.. up alrdeay 3%

[asadme] 22/4/2006 19:56

any new news.. keep updating..

[asadme] 10/3/2006 11:44

why did it slip to 40p from 60p any ideas..
if it fall like this i might top in future.

[gyrodec1] 08/2/2006 15:25

Extract from NICE Report issued August 2005
Page 25 of 36
6 Implications for the NHS
Paragraph 6.3
"For depression the cost is the incremental cost over TAU (Treatment As Usual..?)
and therefore for possible reductions in the use of existing services. The estimated
cost implementing Beating the Blues for mild and moderate depression in England
and Wales is £34 million at practice level and £5 million at PCT level."

Caveat to note in NICE Report issued August 2005
With the possibility of national licence agreements, it may be possible to
negotiate discounts for the NHS and this could substantially alter the total
costs (of all the CCBT solutions).

Inputs Notes
(1) Sales to all PCTs in England and Wales £20 Million (A)
(2).Sales at practice level in England and Wales £5 Million (A)
(3).Ultrasis expenses per annum is £3M £3 Million
(4).Pretax profits taxed at following rate 35% Ultrasis keeps 65% of profit after tax
(5).Shares in circulation 1,314 Million
Ultrasis previous close share price (mid) 2.00 p

Assumptions
(A). Calculation ignores sales arising from other Ultrasis products and oversea's
markets i.e. only valuation cases is based soley on how much the NHS expect to
spend on implementing BTB estimated revenue from BTB in England and Wales
(B) EPS calculation ignores tax reliefs that may be available to Ultrasis
(C) To provide a conservative EPS figure, the EPS calculation ignores tax relief
Ultrasis might be entitled to as a result of incurring pretax losses amounting to
£32 million (from years 2001, 2002, 2003, 2004, 2005)
(D) All the sales to NHS are realised in Ultrasis 2006 year end
(E) Ultrasis is currently debt free
£ Million
Turnover from Sale of Beat the Blues (BTB) to NHS in England and Wales = (1) + (2) = £25.0 (6)
Expenses (3) £3.0
Operating profit = (6) - (3) = £22.0 (7)

Net Interest £0.2 (8) Year ending Jul05 this figure was -£0.15 Million

Profit before tax = (7) + (8) = £21.8 (9)

Tax on profits = (9) x 35% = £7.6 (10)

Profit after tax = (9) - (10) = £14.2 (11)

Earnings per share (EPS) = Profit after tax / Shares in circulation = (10) / (5) = £0.0108 OR 1.08 p per share

Ultrasis valuation cases based on PE ratio: When EPS figure for Ultrasis 2006 year end is 1.08 p per share

PE ratio of Gives a share price of And this equates to a market capitalisation of
£ Million
5 5.4 p £71
7 7.5 p £99
10 10.8 p £142
12 12.9 p £170
15 16.2 p £213
18 19.4 p £255
20 21.6 p £283
25 27.0 p £354
30 32.4 p £425


Ultrasis valuation cases based on PSR ratio: When sales figure for Ultrasis 2006 year end is £25 Million

PSR ratio of Gives a share price of And this equates to a market capitalisation of
£ Million
1 1.9 p £25
2 3.8 p £50
3 5.7 p £75
4 7.6 p £100
5 9.5 p £125
6 11.4 p £150
7 13.3 p £175
8 15.2 p £200
9 17.1 p £225

[gyrodec1] 08/2/2006 15:18

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