Wing Tai Holdings Limited *Official* (SGX:W05)

[lzydata]

The Chairman and his brothers are offering to buy 15% of the outstanding shares at $1.39. Their stated intentions are to gain statutory control of the company (50.6%) but without delisting.

This offer price is at a premium of some 18% over yesterday's closing price of $1.175, but still low relative to other indicators like its NAV $2.47 as of 31 Dec. Because of this depressed market valuation, Wing Tai has been one of the speculated targets for privatisation.

Is anyone here affected, and what do you think?

 

[addict951]

You want to buy ah?
Move into reits better
Cow waiting to poke bubble leh

 

[kenpachi82]

i was short and the trading halt was called..
i believe you guys can imagine the hit i took!
can i call this a black swan event?

 

[lzydata]

You want to buy ah?
Move into reits better
Cow waiting to poke bubble leh

I got interested on valuation grounds, but the problem with that is, a cheap stock can get cheaper, and that is what has happened with Wing Tai. Yes, although there is a nice dividend (7 cents last year), I still prefer REITs.

i was short and the trading halt was called..
i believe you guys can imagine the hit i took!
can i call this a black swan event?

No, that is just suay My sympathies. The stock is at $1.30 now.

 

[Some-one]

It's a greatly undervalue stock but I think perhaps addict is right. It is cheap because people are worried about bubbles. Even crapland is selling below its NAv. As for the 15% stake, I think it would not make much difference. If the management is good, it would be great if they have statutory control. If not, it would be disastrous for shareholders.

 

[kenpachi82]

I got interested on valuation grounds, but the problem with that is, a cheap stock can get cheaper, and that is what has happened with Wing Tai. Yes, although there is a nice dividend (7 cents last year), I still prefer REITs.



No, that is just suay My sympathies. The stock is at $1.30 now.

thanks for the sympathies. I got hit 7 times my original planned stop loss size.. really need time to mentally recover man!

 

[Carnage]

Actually some of the property developers are undervalued not just wing tai.

Look at wheelock properties as well.

 

[Wood4]

In a near future when property market drops , they are
fair or even overvalued.
Stock market is about the near future.

 

[MikeL09]

Wing Tai special dividend

Anybody has Wing Tai in their porfolio?

PE - 3.2 (damn low!)
NAV - 3.62
Yield at current entry price - 5.5
52-wk high 2.39
CD- 12 cts
ex-Date 5 Nov


Suddenly I am sitting up and taking notice. The dividend looks tempting at
$0.12. Ten lots would bring in 1.2K.

Missed out a good chance though given the 52-wk low of 1.55.

They look pretty diversified and may have cushion against KBW's lasso.
Any comments on the upside potential?

 

[Dividend Hermit]

Anybody has Wing Tai in their porfolio?

PE - 3.2 (damn low!)
NAV - 3.62
Yield at current entry price - 5.5
52-wk high 2.39
CD- 12 cts
ex-Date 5 Nov


Suddenly I am sitting up and taking notice. The dividend looks tempting at
$0.12. Ten lots would bring in 1.2K.

Missed out a good chance though given the 52-wk low of 1.55.

They look pretty diversified and may have cushion against KBW's lasso.
Any comments on the upside potential?

If you buy just based on the dividend, there are better choices wor. Anyway, do check out valuebuddies forum. There is a long thread on this counter.

 

[antonpoh]

This is a good stock to buy and keep.

 

[Dividend Hermit]

Another undervalued gem is Har Paw.
But just be careful it may takes super long time to reach its fair value.

 

[MikeL09]

If you buy just based on the dividend, there are better choices wor. Anyway, do check out valuebuddies forum. There is a long thread on this counter.

I am aware of the risk of Wing Tai going private and forcing minority shareholders to lose out, but this stock is undervalued at the current level.
The special dividend bait looks very shiok to eat!
See see first, may not buy.

 

[antonpoh]

WingTai i had been buying and selling since 2005. At the 2007 peak, this stock hit aro $4.

Btw, the low PE 3.2 is base on Market Cap of 1.7 billion. Which means this company makes aro 530 mil per year.

The best part of cause is this stock is still below it's NAV.

 

[MikeL09]

closed higher at 2.18.

 

[chopra]

another misconception that dividend is free. mathematically it isn't

 

[wwf]

Got it tdy at 2.18
Take away dividend .12

My stock is abt 2.06.
I think not a bad price.

Consider nav at abt 3.5
But may take time to reach fair value

 

[Dividends Warrior]

another misconception that dividend is free. mathematically it isn't

Nothing is free in this world.....except the air we breathe.

 

[coey]

Would be nice to collect this under $2 after XD.

 

[Xlusionist]

Anybody has Wing Tai in their porfolio?

PE - 3.2 (damn low!)
NAV - 3.62
Yield at current entry price - 5.5
52-wk high 2.39
CD- 12 cts
ex-Date 5 Nov

They look pretty diversified and may have cushion against KBW's lasso.
Any comments on the upside potential?

PE doesn't give a complete picture, check other ratio as well.

High dividend doesn't imply good stock, it is attractive but is it sustainable in the long-term? Consider debt and growth.

Nothing is free in this world.....except the air we breathe.

air also need to pay, plant trees and clean up the air pollution