Pacific Century Regional Development- Will Richard Li finally privatised the undervalued counter?

[Debron]

PCRD’s share price has doubled over the last 3 years to a multi-year high of S$0.345 as at 16 April 2015 but yet remains very much undervalued. With the Company aggressively buying back its shares and reducing its public float to just above 13%, we think there is a good chance that this will be the year Richard Li finally privatises the Company.

Full post here:
http://stockresearchasia.com/1/post/2015/04/pacific-century-regional-developments-ltd-pcrd-will-richard-li-finally-privatise-pcrd.html

PS: I do not have enough post counts to include the link. If anyone can help to reproduce the link and make it active, it will be great. Thanks in advance!

 

[Perisher]

Here you go.
http://stockresearchasia.com/1/post...d-will-richard-li-finally-privatise-pcrd.html

 

[Debron]

Hi Perisher, thanks very much for the help!

 

[Keverus]

anyone vested in this?

 

[Keverus]

hmmmm...let me do abit of review for this ba...

currently, free float is only 13%...very close to the minimum of 10% required to be listed on SGX....potential privatization deal coming?

share buyback programme by the company has been aggressive...9.9% which is near the maximum of 10% allowed by last yr's AGM.

 

[Debron]

The upcoming AGM on 24 Apr will likely hold the key. If the share purchase mandate is renewed as it should, company share buybacks will start again after temporarily being stopped as it has reached last year's granted limit. Until then, they may possibly be a few days of slightly higher than usual volatility.

 

[Keverus]

The upcoming AGM on 24 Apr will likely hold the key. If the share purchase mandate is renewed as it should, company share buybacks will start again after temporarily being stopped as it has reached last year's granted limit. Until then, they may possibly be a few days of slightly higher than usual volatility.

problem is, now free float left 13%.

min 10% must be free float, if not privatization.

so now the question is, will Richard Li make it private? if so, share price can potentially sky rocket.

 

[Debron]

Yes Keverus, that is essentially what the article is all about.

 

[Debron]

Anyone attended today's AGM? I missed it due to other commitments. Would be great if anyone can provide a brief summary of the proceedings. Share price has been going up so I suppose something positive might have transpired today?

 

[Keverus]

sry, i dont get to attend any AGM cos most of the time I use SCB.

i only know yesterday sharebuy reached the full10%. (previously was 9.9%)

no idea whats the new sharebuyback scheme approved in AGM.

can this stock burst past 50 cents?!!?!

 

[OngHuatHuat]

Thanks for sharing, will do a research on this.

 

[Debron]

sry, i dont get to attend any AGM cos most of the time I use SCB.

i only know yesterday sharebuy reached the full10%. (previously was 9.9%)

no idea whats the new sharebuyback scheme approved in AGM.

can this stock burst past 50 cents?!!?!

No problem. Just trying my luck to see who attended. As to the share buyback mandate, it is still the 10% max that has been passed even though realistically they can only do 3 odd percent.

 

[Keverus]

gonna be an exciting week ahead...

i believe if it can break 40 cents...it gonna be up up and away!

 

[path_of_rainbow]

70c possible ?

 

[Keverus]

70c possible ?

are u michael jordan?

cos u seem to be super Bull.

 

[Debron]

Here you go.
http://stockresearchasia.com/1/post...d-will-richard-li-finally-privatise-pcrd.html

Business times ran a similar article 3 days ago:

http://business.asiaone.com/news/pacific-century-headed-delisting

 

[Keverus]

this counter quite solid...but as usual, morning will dip, then afternoon run back up.

.435 as i am posting this, holding quite steady, wont be surprised if it closes at .445 or even higher today.

 

[Keverus]

wow...ended up it retraced quite abit these 2 days...

.41 now...maybe one last entry point for those who missed the earlier boats?

 

[hotyrole]

honestly, it's really overbought (RSI) and with W%R coming down.

maybe should short instead

 

[Keverus]

today it maintained at 41 cents....

let's see if it can hold tomorrow; or even go up abit.

fair value was calculated to be 54 cents.