Creo Medical Share Discussion Threads

[kimboy2] 05/5/2010 15:02

I am no doubt being thick but I don't understand what you are saying.

[mikeja] 05/5/2010 14:07

That was 2008,you seem to have missed 2009 and the recent RNS which assures a changed bod on Singapore listing.I was perfectly aware of all those points when I invested £600k in the stock.I prefer to listen to DTZ than "I heard".

[kimboy2] 05/5/2010 14:01

Interest rates are rising because the economy is growing at 9%+.

I would have imagined that this would have an impact.

[longsight] 05/5/2010 13:46

mikeja - good to keep the blinkers on. I heard that there is a surge in Commercial property due to come on stream in Shanghai in 2012. Also, threatened interest rate rises directly impact Commercial Property valuations. Losses on Residential property loans will impact on Banks & consumption & businesses & therefore on Commercial Real Estate.

As to "informed" - you don't appear top be aware of the sensational "performance" fees TH took on a Co, CREO, that was losing money. You need extra thick blinkers to miss that one.

[kimboy2] 05/5/2010 13:35

I seem to remember that the valuation yields were 6-6.25% which didn't seem particularly exorbitant to me.

However the 'performance fee' of 20% after an 8% increase in NAV was I thought.

[mikeja] 05/5/2010 13:26

"We believe an upward trend in Shanghai high-end retail rentals will continue for the rest of 2010"

[mikeja] 05/5/2010 13:18

"On the back of a lower-than-expected new supply volume and continued demand we expect a 5% rental uplift".DTZ as above

[mikeja] 05/5/2010 13:12

"We expect the Shanghai Grade A office market index to stabilise before increasing gradually".DTZ Q1 2010 report.

[mikeja] 05/5/2010 13:00

The cooling measures are for the residential market,CREO is in the commercial mkt.This has been pointed out before.

[mikeja] 05/5/2010 12:58

"informed" the key word.

[longsight] 05/5/2010 12:52

kramch - great post.

[kramch] 05/5/2010 12:39

Hi All,

Can we rescue this board from descending into juvenile name-calling?

Personally I am always pleased to see counter-arguments being put forward, we can all get too attached to our investment decisions.

I have recently added to my holding but I am aware that these properties are valued on very low yields (c 5%?) which makes them sensitive to any downturn in demand.

I am also aware that the directors are\were connected with a company which extracted exorbitant management charges out of our company not so long ago. Hopefully significant personal shareholdings will now change their allegiance, but for those shareholders who have been bitten, this memory will remain.

On balance I think we have another 50%+ upside but I am keeping a close eye on it, and keeping a keen ear out for informed criticism. K.

[longsight] 05/5/2010 12:37

Why do I need to own the shares to qualify as having legitimate concerns?

I suggest you get up to speed on the Shanghai Real Estate market perhaps by reading the FT recent articles on the cooling measures taken on the PRC Property market. I suggest you stop being so condescending to me - especially since I actually bothered to do some research on CREO whereas I can see no evidence that you have.

[mikeja] 05/5/2010 12:16

Since you have no interest in the stock,how do you have "legitimate " concerns.Coming on and suggesting a forthcoming crash in Shanghai commercial property values on no basis whatsoever hardly justifies a claim to disinterestedness.Why not pick up a few hints from aim11 on the WCC board and learn how to give a useful post.

[longsight] 05/5/2010 11:47

I believe that was in response to your calling me "shortsight".

I'm very happy to be polite if you will be too. Believe it or not, I wd have made far fewer posts on here if I had had some reasoned responses to my perfectly legitimate concerns instead of the ill tempered reactions.

[mikeja] 05/5/2010 11:38

I seem to recall you called me an ignorant twerp,hardly polite.

[longsight] 05/5/2010 11:26

mikeja - I cd call you a meddlesome pest but I wd rather be polite. If I put off people buying here, does it matter? You firmly believe that this will be listed in Singapore & achieve full valuation - so what's your problem. Why don't you examine / post the negatives - or are you trying to foist some censorship number on us here?

[mikeja] 05/5/2010 11:16

Will no one rid us of this meddlesome pest?
Shortsight,please keep yourself to the WCC board,
We are all grown up enough to make up our own minds without your pennyworth.
As you have said before you have outstayed your welcome here.

[longsight] 05/5/2010 10:25

The big attraction of this share is touted to be the large discount to Net Asset Value - since there are negligable profits [except for TH, the related Management Co who have done wonderfully well from CREO]. The problem with arguing that the assets are worth more than the share price is that it assumes the assets won't plunge in value. If interest rates go up in PRC then if leases are not renegotiated at higher rents then the assets will fall sharply in value. You need to consider this potential scenario here since the whole attraction rests on the discount to NAV.

[kimboy2] 05/5/2010 10:02

Greek real eastate ?

[longsight] 05/5/2010 09:59

I'm starting to see why REO sold their stake at 330p - might look a good price the way this is going. Can you imagine a more out of favour sector than Shanghai real estate?

[caveat_emptor] 02/5/2010 10:19

Sounds like a very sensible idea for the prospectus you mention.
Very hard not to associate the two, given what they have in common.

[flip101] 01/5/2010 15:27

CREO is completely unconnected in terms of liabilities. Treasury is purely the asset manager of REO and therefore is not liable for any of REO's debts. Equally Treasury is only the asset manager of CREO and in effect CREO is paying Treasury to manage the property portfolio. CREO shareholders therefore have absolutely no liablity towards Treasury except the management and performance fee's agreed upon.

These will be outlined in significant detail in the listing prospectus.

[caveat_emptor] 01/5/2010 11:43

Will CREO change it's name now that it has distanced itself from REO?