Creo Medical Share Discussion Threads

[asmodeus] 24/3/2010 08:06

Apologies for not giving this enough attention - but to what extent will CREO's share performance benefit, if at all, REO (which I hold), please?

[caveat_emptor] 24/3/2010 07:06

Does that put several thousand miles distance between
Reo and Creo?

[flip101] 23/3/2010 21:52

As always, thanks LBO.

[lbo] 23/3/2010 21:50

Successful tender offer should help correct 69% discount to reported NAV



CREO has successfully completed its tender offer for the purchase of shares at
£3.30 per share. The transaction will increase the liquidity in the stock, removes the overhang of sellers and should help to correct the 69% discount to the reported 2009 NAV. Significantly, the concert party's holding in the company falls to c.40- 41% and new shareholders are welcomed to the share register. A total of 8,456,226 shares were validly tendered, including the 8,387,941 shares tendered by Real Estate Opportunities plc (REO) in accordance with its undertaking to the company. Of the shares tendered, 1.5m will be purchased by the company for cancellation in accordance with its commitment, which would reduce the company's end-2009 cash balance (inclusive of proceeds of the Tangdao Bay disposal) by c.£5m to £75m. The balance of tendered shares (excluding those bought back by the company) has been successfully placed. Therefore, all valid tender applications will be satisfied in full.
This announcement is the latest in a succession of positive announcements and we
expect further newsflow in the next month or so regarding an Asian re-listing. The fact that the number of shares tendered ex-REO was quite low and that the
demand from investors substantially exceeded the number of new shares available
to be placed should further help sentiment towards the company.

[flip101] 23/3/2010 20:36

Reo now gone.

[ppowerscourt] 23/3/2010 20:16

If WCC's example is anything to go by: - CREO's listing in Singapore may possibly incur a 'many shares for one split' to suit the Asian market's appetite. WCC is proposing a 100 for 1 when it relists in HK, current share price is UK£6.40 We await to hear more on this.

I'm trying to be useful here:--- I follow HK's Chinese Papers' Financial pages on a daily basis. Today's MingPao Daily wrote a survey report by Tsung Yuan Property Statistics Authority on 'Rental Income Rate on residential property returns to parity to When-the-Financial-Tsunami hit' quoting price per square foot, projected increases going forward this year, etc. I have to do more reading on CREO's portfolio first and then will be able to report back to us on market's views.

Thank you for all your info. here for a happy newbie.

pp

Edit: If you want details of this article/report, please ask as I've save it elsewhere so as not to clog up this thread.

[kimboy2] 23/3/2010 18:47

A bit of a report out from Edison;

The completion of the tender offer at 330p per share removes a material stock overhang. In total, 8.46m shares were validly tendered, including the 8.39m held by Real Estate Opportunities. Of these, 1.5m shares will be purchased by CREO for cancellation at a cost of just under £5m, with the balance placed with new and existing investors by the group's brokers. The level of demand means CREO retains £10m of the £15m set aside for this purpose.

The repurchase and cancellation of 1.5m shares at 330p will modestly enhance
NAV/share, while the tender offer overall removes a possible reason for the current heavy discount to NAV. The support for the placing, with demand substantially ahead of shares tendered, provides evidence of institutional support for the actions planned to improve the equity rating.

The tender offer was the first step. Attention now turns to the transfer of the listing from AIM to the Singapore Stock Exchange, tentatively scheduled for June 2010. The shift to an Asian market aims to reposition the group closer to its own asset base as well as a Singapore-listed peer group, whose shares trade nearer to underlying asset value

[ppowerscourt] 23/3/2010 17:28

Yum-yum. I sure am in lucky company.

Now selling up my HK Real Estate shares to buy here pronto.

[flip101] 23/3/2010 15:43

£5 before change of listing. £8 a few months after. Easy money.

[jambo172] 23/3/2010 10:57

This is not going to pull back.
On a 70% discount with cash, attractive assets and little gearing.

I'm with Newswseller - £5 here we come.
Even then still on a 50% discount.

Then bye bye AIM and hello Singapore.
Pull up to parity over time - another doubling of the share price.

IMHO of course.

[flip101] 23/3/2010 09:43

I think you're a little optimistic in thinking it will pull back.

[ppowerscourt] 23/3/2010 09:28

Have been watching and buying individual HK/China Real Estate stocks in HK Excahnge for a couple of months. Then I found CREO which literally does the job for me and doing it better with history.

The forthcoming re-listing in Singapore will do a lot of good. Compare other China-operation UK PLCs such as ACHL, WCC, JHL, etc. with share prices shooting up after relocating or become dually-listed. Obviously AIM is inefficient; therefore we must take advantage. Looking forward to buying more in the future when it pulls back.

Any chartists around? I shall ask Fingers then.

Regards,

pp

[newswseller] 23/3/2010 09:14

After watching for months, I added today, looking to get out at about £5

[ppowerscourt] 23/3/2010 08:28

choo-choo; wakey-wakey.

[flip101] 22/3/2010 19:53

Only going one way chaps and that's not down.

[flip101] 19/3/2010 23:28

Will be nice to finally get rid of REO and bring the majority shareholders down to a reasonable stake. The capital structure will look balanced enough post tender offer.

Results on Tuesday.

[jambo172] 18/3/2010 12:21

Why anyone would tender who doesn't have to defies belief.
REO have to, few others do.
Shares price should rally back up to over 360p initially.

The big price mover is when they move to Singapore.
AIM is NOT where they need to be.
Apparently similar companies in the far east trade at or around parity.
CREO still on 70% discount.

Would be surprised if the price didn't move up in the next few weeks.

[flip101] 16/3/2010 21:55

Looking good.

The placing shares are not going to contacts of the Irish boys but institutions looking to take advantage of a distressed seller.

Can't see many others tendering shares expect REO and 1 other and then we'll have a much more balanced capital structure and be trading at 340p with a NAV of £12 (post buy back).

[lbo] 09/3/2010 09:23

IRISH-controlled property development company China Real Estate Opportunities returned to profitability last year and saw the value of its property portfolio increase by 4%.

[kramch] 08/3/2010 19:00

The wording is a bit vague, (the company) "is also seeking to procure third party purchasers...or to purchase those shares itself." Seems they have given themselves complete freedom. I guess they want to see sufficient shares into friendly hands to maintain control of their lucrative management contract.

I don't know what Singapore thinks of listed companies being managed by separate corporate entities with conflicting agendas? Hopefully they can learn from the unsatisfactory experiences on AIM (SDIC, CPT etc) K.

[kimboy2] 08/3/2010 16:32

They tender at 330p because they can't sell in quantity at that price.

The share price fell because they are placing the teender shares at 330p. I also notice that Matrix are picking up £2.25m for organising it.

Any views on a Business trust on Singapore ?