Creo Medical Share Discussion Threads

[longsight] 12/5/2010 09:06

Eddie - I don't ramp WCC & PMHL. I do not go on other BBs to mention them. I express my own opinion on them which it so happens is very positive.

I don't consider a stock being Chinese to be any sort of an extra risk at all. My idea of high risk is more like buying UK Banks.

I have said on here any number of times that in my opinion CREO's shares will make money for holders. Is that a deramp?

Eddie - why can't bulls on here provide some useful info - like when the Singapore listing is expected? For the record, posters on WCC & PMHL discuss all the time why the share price is low.

Finally, what is your beef? If the real action will begin when this lists in Singapore - why are you & others so bothered if I explore the negatives?

[eddie1980] 11/5/2010 23:28

Longsight - I really do find your attitude on this board compared to PMHL and WCC strange. Your quote ' I note the share price has fallen back a bit the last few days. Any of the bulls got a view on this?

Well, haven't all three shares fallen back in the last few days. Any views on that? Two you ramp to high heaven, the other you slate without any interest. How about the added risk of all the shares being Chinese based.

[longsight] 11/5/2010 18:48

Oh it's secret iformation? How can there be an exact date if there has to be a prior Application to the Court which has not yet been approved.

Seems that the bulls on here have nothing to say - meanwhile the share price has fallen by almost 20% from its recent peak of 480p.

[flip101] 11/5/2010 17:56

I know the exact date and so do all major shareholders so stop banging on.

[longsight] 11/5/2010 12:41

I note the share price has fallen back a bit the last few days. Any of the bulls got a view on this?

[longsight] 11/5/2010 12:40

Strange that no one on here has any idea when the Singapore listing might come through. I note that there is a Court Application in Singapore required first to reaarange the Co into some form of Singapore Trust. Anyone any idea when this Application will be heard & hopefully approved? Is the Application just a formality or is there some risk that it will be knocked back?

[longsight] 11/5/2010 11:34

Does anyone know when they are hoping this might list in Singapore? Couldn't find any indication of possible timetable.

[longsight] 10/5/2010 19:16

Eddie - I'm not a speculator & I wd keep WCC even if it stayed listed on AIM since I believe in the business, its management & its markets. Simple really. The shift to HKex listing makes sense for them since they will more probably get a sensible rating there for the shares.

I also think CREO are right to relist in the Far East & I reiterate that I think the share price will go up - to what extent corp gov issues prove a constraint on that we will see.

Since this BB is obviously intended to be totally uncritical as per "mikeja", please feel free to filter me but I researched CREO & found matters which I didn't like. "mikeja" has invested a cool £300k here - so don't expect him to acknowledge these issues.

Good luck & no real need to demolish my arguments since the Singapore mkt, assuming the listing gets the go ahead, will decide & this BB will prove irrelevant.

[eddie1980] 10/5/2010 16:41

I think there is a lot of comparisons between the two shares, WCC will not go higher without moving to the HK market - fact - it would in all probability fall as speculators like yourself would sell if they cancelled move.

CREO - will not move higher without moving to Singapore exchange - UK investors do not have the appetite to value this higher.

All UK investors have all the facts about both companies, so it is irrelevant you going on about good governance/bad governance - that is reflected in both share prices today.

WCC will only go higher in short term as HK values these shares on higher PE, CREO will only go higher short term if on Singapore as value closer to NBV - Far more comparable than you obviously want to admit.

[mikeja] 10/5/2010 16:17

Eddie,dont give shortsight the time of day,do what the rest ofus have done and filter.

[longsight] 10/5/2010 16:00

Eddie - there is no relationship between the 2 shares that I can discern. I proposed a valuation for WCC slightly tongue in cheek for one year hence. I explain the basis for that on that BB & am happy to discuss that with you on that BB.

CREO is a quite different situation where investors on here have argued that it will be revalued in line with its NAV. I have argued the case against by highlighting certain corporate governance issues that I have with CREO - but I have also stated on a number of ocassions that imho investors will make money out of CREO. I am not aware of any corp governance issues affecting WCC.

[eddie1980] 10/5/2010 14:21

Longsight - Will HK investors value WCC at £6 because you could buy them for that in London today. You are touting £40!!!!!!!! a share there, yet can't accept, all other things being equal, Singapore investors value Real Estate companies at higher than they do in the UK - it really is a very simple concept.

Much the same as HK valuing cement share at a higher multiple. Please tell me why you think HK will pay more for WCC on day one (with nothing having changed from the day before) and Singapore will not?

[longsight] 06/5/2010 13:08

Steg - they were I believe forced sellers but I still think there was something very fishy about them accepting what appeared on the face of it to be such a huge undervalue. Mikeja has informed us that these will sell for £9 in a few months time. If he is right, why did REO accept £3.30? Were they unaware of Mikeja's valuation? Surely if they are worth that much REO cd find a way of hanging on for almost 3 x the price? I suppose if the money was going to their creditors & REO & CREO were related parties then that might explain it. In fact I do believe that REO, CREO & TH were all related. Certainly TH & CREO share a common Director. This might explain why CREO were happy to agree to pay TH £53m in fees in 2008 when the Co in fact lost money. Obviously CREO has minimal surplus income from its low yield rents when the cost of servicing debt is subtracted, so investors here are concentrating on the Asset valuation but if TH siphon out large chunks of this with their fees then perhaps this might explain the share price disparity to NAV. I guess the Singaporeans will read all of this in the listing document, assuming the Singapore SE is happy for the Co to list, and they will make up their own minds.

[newswseller] 06/5/2010 12:56

longsight think i'm going to join the majority on here and filter you, as you have nothing new to say.

After the £3.30 tender offer, some shares were cancelled, so that means the share is worth more than £3.30 doesn't it.

Why would directors buy heavily at 330 if thats all the company was worth and why didn't any other holders offload their shares at the same time as REO then?

longsight - 6 May'10 - 12:39 - 696 of 697 (Filtered)

[stegrego] 06/5/2010 12:41

Id imagine thay were desperate for the cash and were in effect forced sellers.

I think your logic is flawed.

[longsight] 06/5/2010 12:39

Flip - don't you think Singapore will see that REO valued the shares ar 330p & were glad to take that price? It will certainly be there for all to read in the listing document. Everyone on here has said that REO were paid a fair price for their shares. REO are in the Property game & knew what they were doing. So I guess there must be a chance that Singapore will not pay more than REO's valuation i.e. £3.30 a share. I wd be more relaxed about buying the shares if I paid that price. At £4.40, it is just too high a premium over REO's valuation. If the shares are really worth £9 - then why were REO happy to sell out at £3.30??

[flip101] 06/5/2010 09:26

Likewise. There is also considerable scope for upwards movement in that over the next 2-3 years.

I expect the main move upwards to happen in the first 3 months after the listing.

[mikeja] 06/5/2010 07:00

Thanks Flip,at £9 still very fat profit.

[flip101] 06/5/2010 06:53

In Singapore they tend to use and state the IFRS NAV rather than the EPRA NAV which adds back in deferred tax liabilities. CREO IFRS NAV is around £9 accounting for currency moves.

Most companies in the peer group tend to trade above or close to NAV. The dividend distribution will also make the company more attractive to Far East investors.

[mikeja] 06/5/2010 06:06

This story perfectly simple.Share price £4.40,NAV £12,move to singapore,take £1m profit,end of.
Shortsight just wind up merchant,best ignored.Filtered.

[longsight] 05/5/2010 23:29

Flip - I agree the Treasury team have done a great job - why do you think they picked up a cool £53m fees in 2008? You'd sort of expect a decent job for that fee. I guess you'll be voting them a pay rise soon.

signed "The Plank"

[mikeja] 05/5/2010 21:13

The DTZ report makes it clear that vacancies are falling,still what do they know?They are only one of the biggest commercial agencies in Shanghai.

[flip101] 05/5/2010 18:05

The refinancing terms on CC are hugely better than the previous Credit Suisse facility.

There is also significant scope for rental income increases as tenants are recycled at CC.

Longsight is just a plank. Speculation has been almost soley focused on the residential sector. Not the commerical.