Creo Medical Share Discussion Threads

[crimeprotection1] 18/11/2008 21:06

Maybe so, but I'm happy with a penny rise each day in this climate!

[djalan] 18/11/2008 21:03

LBO
On your head be it

[lbo] 10/11/2008 14:56

Strong rental boost for Treasury in China

[lbo] 10/11/2008 09:46

Chinese market Surges 7.3% on economic stimulus plan

[lbo] 06/11/2008 00:10

Irish China property group outperforms


China Real Estate Opportunities (CREO), the China-focussed property company backed by Treasury Holdings, today delivered an update on its trading since July, saying it has continued to outperform the market.

It says that CREO's income producing assets, which represent 75pc of its total portfolio, have continued to perform strongly in the third quarter.

CREO said its three-year rollover on leases, which is standard practice in China, has enabled the company to continue to drive income growth in the short-to-medium term.

The AIM-listed group achieved between 10pc and 50pc rental income growth from lease renewals and new leases since July.

Occupancy rates in the investment assets remain strong: Central Plaza is 92pc occupied, City Center is 95pc occupied and Treasury Building is 97pc occupied.

Finally, across its retail estate, CREO has completed 21 lease renewals and new leases since July 1st; it has achieved up to 40pc increase in rents on individual transactions and an average of over 16pc growth from letting transactions in the period.

[pillion] 05/11/2008 22:23

This doesn't look good for China

US shares plummet after election





Dow on a downer ?

[lbo] 05/11/2008 20:55

China Real Estate Opportunities (CREO) has issued an update on its trading since July 1st 2008. It says that CREO's income producing assets, which represent 75% of its total portfolio, have continued to perform strongly in Q3. Three-year rollover on leases, which is standard practice in China, has enabled the company to continue to drive income growth in the short-to-medium term. CREO achieved between 10% and 50% rental income growth from lease renewals and new leases since July 1st. Occupancy rates in the investment assets remain strong: Central Plaza is 92% occupied, City Center is 95% occupied and Treasury Building is 97% occupied. Finally, across its retail estate, CREO has completed 21 lease renewals and new leases since July 1st; it has achieved up to 40% increase in rents on individual transactions and an average of over 16% growth from letting transactions in the period. CREO's development programme has continued to make progress throughout the period. Construction on Beijing Logistics Park is due to start in November 2008. Completion of this development is expected in 2009, and the company has already received strong leasing enquiries. At Central Plaza, the office tower refurbishment work is on schedule for completion before the end of 2008 while the remainder of the refurbishment programme is on track for completion in 2009. At City Center, short-term refurbishment work will be completed in Q1 2009. On financing, the company has said that the maturity profile of CREO loans secured against its investment properties remains unchanged with all existing loans locked in until Q3 2010. In addition, CREO has recently secured a new development loan facility from DBS Bank in relation to the construction of Beijing Logistics Park. The net asset value per share of CREO as of June 30th was 974p and since then, the Chinese renminbi has continued to appreciate. Based on current exchange rates, we estimate that the net asset value is now close to 1,180p. As such, we believe the current share price offers a significant investment opportunity.

[lbo] 30/8/2008 13:55

Irish China property group NAV up 17pc

[lbo] 29/8/2008 14:18

Its time to short then! Seems the bubble is bursting in the short term for CREO.

China Real Estate Opportunities sees more growth


The revalution of the group's property portfolio, which included the recent acquisition of two additional sites at Tangdao Bay, saw diluted net assets per share increase by 16.8 percent to 9.74 pounds over the six months to end-June. The value of the group's property portfolio increased by 18 percent to 712 million pounds, helped in part by the strength of the Chinese currency in the period.

Pre-tax profit for the period amounted to 15 million pounds, compared with a loss of 3.1 million for the period from December 5, 2006 to end-June 2007.

[hieronymous1] 23/7/2008 23:14

Investors rush to join the emerging property boom

By Laura Cohn

Published: July 21 2008 03:00 | Last updated: July 21 2008 03:00

[lbo] 17/7/2008 09:45

Chinese growth still above 10%

[lbo] 06/5/2008 13:49

Treasury Holdings-backed firm taps into Chinese growth

[lbo] 01/2/2008 15:09

CREO portfolio valued at £635m
Barry O'Halloran

The value of the properties owned by the Treasury Holdings-backed China Real Estate Opportunities (CREO) has grown by more than 12 per cent to £635.36 million since its reflotation last July, according to the latest valuation of the company's portfolio

CREO said yesterday a recent independent survey found that the aggregate gross value for the properties, located in Shanghai, Beijing and Qingdao, was £635.36 million on December 31st. The company added that when it relaunched on London's Alternative Investment Market last July, the same properties were worth £566 million, based on a valuation carried out the previous month.

The increase in the gross value of the company's portfolio over the period was close to £70 million, indicating growth of more than 12 per cent.

Landsbanki analyst Charlie Murphy predicted in November that the company's net asset value (NAV) would grow by about 30 per cent a year from its flotation in July to the end of 2010. He said that its NAV would increase from £7.68 a share, its flotation price, to about £17 by December 2010.

Meanwhile, Treasury Holdings announced yesterday that it was apppointing Richard David, managing director of its China subsidiary, to its board.

Mr David, former head of Australian giant Macquarie's Chinese real estate operations joined Treasury Holdings China in August. The company manages CREO.

Property players Richard Barrett and John Ronan own Treasury Holdings, which in turn has a 58 per cent stake in Real Estate Opportunities, which is a 16.5 per cent sharholder in CREO.

Mr Barrett and Mr Ronan directly own 19 per cent of CREO between them.

[lbo] 22/1/2008 12:05

Creo pays €19m for sites at Olympics location
Barry O'Halloran

Treasury Holdings-backed China Real Estate Opportunities (Creo) is buying two sites with a Chinese company at the location of this year's Olympic sailing events near Shanghai for €19 million.

Creo said yesterday that it had bought two sites at Tangdao Bay, Qingdao, in partnership with Shanghai Industrial Investment Corporation (SIIC), the real estate investment arm of the Shanghai municipal government.

The sites are next to its existing property at Tangdao Bay, which will host the sailing events in the Beijing Olympic Games.

Creo said it was paying £14 million sterling (€18.8 million) for its 50 per cent interest in the two sites.

"The plan is to develop the three sites as a single integrated project, with the completed development having a total gross floor area of 430,167sq m (4.6 million sq ft), comprising residential, retail and hotel components, with an estimated completion value in excess of £360 million," Creo said in a statement.

London-listed Real Estate Opportunities (Reo) owns 15.9 per cent of Creo. Treasury Holdings, owned by developers Johnny Ronan and Richard Barrett, controls more than 50 per cent of Reo. Creo is also listed in London.

The company owns commercial properties in Shanghai, including the Treasury Building, which it bought from Reo in July for £16.1 million in cash and more than £20 million in debts.

The group raised more than €380 million when it listed on London's Alternative Investment Market (AIM) last summer. At the time it said it intended using the cash to buy commercial properties in Shanghai and Beijing.

Richard David, managing director of Treasury Holdings China, Creo's investment manager, said the deal reaffirmed the company's commitment to both SIIC and the Qingdao market.

[lbo] 29/11/2007 14:54

Landsbanki came out with a buy note on CREO on the 21st of November and expect to see big NAV increases (30%) by year end. Circa £10 NAV versus the IPO NAV of £7.68

It bases its bullishness on the fact that CREO's "refurbishment/repositioning" programme will drive the income from its portfolio up by 10pc "irrespective of the underlying strength of the property market".

[ragandboneman] 21/11/2007 13:02

Interesting volume and price movement today. Mind you any movement on volume and price would be interesting on this after months of stupor.

[lbo] 05/9/2007 08:39

They have just bought a million shares at £7.09. They must be confident

[lbo] 12/8/2007 14:43

"When you visit the site of China Real Estate Opportunities, you are greeted by a phrase coined by no less than Napoleon. It reads: 'China sleeps. When it awakens the whole world will tremble.' Treasury successfully floated China REO last month, in the process raising about €390m on London's AIM.

Barrett peppers his conversation with historical references. He's clearly very well read. "We take a long-term perspective on our investments in China. Over the last 13 years, Shanghai's annual GDP growth has been 13 per cent on average. The Chinese Yuan was devalued after the Asian economic crisis, so because Westerners cannot acquire the currency speculatively, we're creating and buying assets to benefit from the rise in currency values," he says

[lbo] 08/8/2007 11:28

Where to bag a profit before Christmas
We asked five top stockpickers where they would put £10,000 to make maximum returns

[lbo] 23/7/2007 12:07

Housing Demand to Increase in China and India, Study Says

[hmit] 18/7/2007 12:01

Thought this stock would be higher and more volume given the long lay off and the obvious interest. Strange?

[lbo] 12/7/2007 19:03

CREO has mixed day as it refloats on London's AIM

Thursday July 12 2007

TREASURY Holdings-backed China Real Estate Opportunities (CREO) turned in a mixed performance as it refloated yesterday on London's Alternative Investment Market.

Having risen as high as 6.5pc above its initial public offering (IPO) price of £7.56, the stock closed yesterday at £7.475, off 1.1pc.

CREO, which aims to build up a large-scale portfolio of development properties in China, raised £259m ahead of the flotation, giving it an initial market capitalisation of £398m.

CREO is 16pc-owned by Real Estate Opportunities which, in turn, is 58pc-held by Treasury Holdings, the Dublin property group belonging to Johnny Ronan and Richard Barrett.

Sources have indicated that CREO will seek a secondary listing on Dublin's IEX this autumn.

The funds raised from the share placing are being used to complete the acquisition of an initial portfolio of seven investment and development properties in Shanghai and Beijing, which will in total cost around £416.6m.

CREO first listed on AIM in late 2005 but cancelled its listing in February as shareholders voted to shift its base to Jersey from Luxembourg. The stock has already been suspended from last December after CREO entered into a deal which was classed as a reverse takeover