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Post Info TOPIC: Popular Holdings Ltd
KK


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Popular Holdings - BT
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16-Apr-07

Arisaig Asean Fund Ltd ceased to be a substantial shareholder of publisher and bookstore operator Popular Holdings following the sale of 13.3 million shares from April 5 to 11 at estimated prices of 33 cents to 36 cents each. The trades reduced its direct holdings by 42 per cent to 18.2 million shares or 4.1 per cent. The sales were fetched at below its estimated purchase price from September 2005 to January 2006 when it acquired 31.1 million shares at 42 cents each. Arisaig reported an initial filing on Sept 21, 2005, of 24.7 million shares at 42.5 cents each, which raised its interest to 5.6 per cent.

Chartered Asset Management Pte Ltd (CAM) also sold 19.5 million shares from January 17 to April 11 at estimated prices of 29 cents to 38 cents each. The trades reduced its deemed holdings by 43 per cent to 25.7 million shares or 5.7 per cent. The group previously acquired 5.5 million shares in October 2006 at an estimated price of 38 cents each and 17.4 million shares from March 2004 to December 2005 at estimated prices of 38 cents to 47 cents each. CAM became a substantial shareholder in March 2004 following the purchase of 1.1 million shares at 49 cents each, which raised its interest to 5.2 per cent.

Popular Holdings announced its Q3 results on March 16 with net profit attributable to shareholders down by 7.7 per cent to $9.858 million for the three months to Jan 31, 2007. Earnings for the first nine months fell by 14.3 per cent to $17.631 million. The counter closed at 34 cents on Friday.

BT

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tfwee


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RE: Popular Holdings Ltd
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Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest *
 
* Asterisks denote mandatory information
  "DISCLAIMER:- This announcement was prepared and issued by the belowmentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."
 
Name of Announcer * POPULAR HOLDINGS LIMITED  
Company Registration No. 199607187M  
Announcement submitted on behalf of POPULAR HOLDINGS LIMITED  
Announcement is submitted with respect to * POPULAR HOLDINGS LIMITED  
Announcement is submitted by * Karen Choy Lye Wan  
Designation * Company Secretary  
Date & Time of Broadcast 12-Apr-2007 17:09:25  
Announcement No. 00071  
 
 
>> Announcement Details
The details of the announcement start here ...
 
>> PART I
 
1.Date of notice to issuer * 11-04-2007  
 
2.Name of Substantial Shareholder * Chartered Asset Management Pte Ltd 
 
3.Please tick one or more appropriate box(es): *
  Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
 
 
>> PART II
 
1.Date of change of [Select Option]  
 
2.Name of Registered Holder  
 
3.Circumstance(s) giving rise to the interest or change in interest [Select Option]  
 # Please specify details
   
 
4.Information relating to shares held in the name of the Registered Holder
 
No. of [Select Option] held before the change  
As a percentage of issued share capital %
 
No. of N.A. which are subject of this notice  
As a percentage of issued share capital %
 
Amount of consideration (excluding brokerage and stamp duties) per share paid or received  
 
No. of N.A. held after the change  
As a percentage of issued share capital %
 
 
>> PART III
 
1.Date of change of Interest 10-04-2007  
 
2.The change in the percentage level From 7.96 % To 6.45 %
 
3.Circumstance(s) giving rise to the interest or change in interest Sales in Open Market at Own Discretion  
 # Please specify details
   
 
4.A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
The change in the percentage levels stated in Part III, item 2 is the result of Open market sale transactions effected over the period 19 March to 10 April 2007.  
 
 
>> PART IV
 
1.Holdings of Substantial Shareholder , including direct and deemed interest :
 
ecblank.gif
Direct
Deemed
No. of shares held before the change 0   35,820,000  
As a percentage of issued share capital 0 % 7.96 %
No. of shares held after the change 0   28,989,000  
As a percentage of issued share capital 0 % 6.45 %
 
Footnotes
Deemed interests :

4.62% in the name of HSBC (Singapore) Nominees Pte Ltd
0.14% in the name of Citibank Nominees Singapore Pte Ltd
0.07% in the name of G.K. Goh Stockbrokers Pte Ltd
1.62% in the name of DBS Nominees Pte Ltd


The percentages are computed based on 450,000,000 issued shares as at 10 April 2007.


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KK


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Fm SGX,

ACQUISITION OF PROPERTY - 18 SHELFORD ROAD, SINGAPORE

The Board of Directors of Popular Holdings Limited (the Company) wishes to announce that Popular Land Pte Ltd (PopLand), a wholly-owned subsidiary of the Company, had purchased ten residential units at 18 Shelford Road, Singapore at a total consideration S$27.2 million.

The purchase price of S$27.2 million was arrived at on a willing seller willing buyer basis, taking into account various commercial factors including the redevelopment potential and location of 18, Shelford Road, Singapore. The purchase price and the proposed redevelopment of 18, Shelford Road, Singapore will be financed by internal sources and bank borrowings.

Rationale for the Transaction

While retail, distribution and publishing will remain as the Groups main business focus, property development will be a potential area of growth that the Group is looking into, to capitalise on the potential and promising returns of the current property market.

Valuation

The open market valuation of 18, Shelford Road is S$27.3 million, based on a valuation done by Colliers International Consultancy & Valuation (Singapore) Pte Ltd.

Financial Effects

The above investment will not have any significant impact on the consolidated earnings per share and net tangible assets per share of Popular Group for the financial year ended 30 April 2006.

-- Edited by KK at 20:39, 2007-04-09

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ahkian


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Press Release from Popular 5 Apr 2007

POPULARs first property project One Robinholds Ground Breaking CeremonySINGAPORE, 2 April 2007 Main board-listed Popular Holdings Limited(Popular or the Group), the leading regional educational group with firm grounds in retail, distribution and publishing businesses, is holding a groundbreaking ceremony today to mark the commencement of the construction of itsfirst residential property development project One Robin.Located in the prestigious District 10 at Robin Road, One Robin is poised for high end luxury. Designed by award-winning Forum Architects, this luxuriousresidential project promises to stand out in the neighbourhood of Robin Roadwith its contemporary facade and a 3-storey raised podium.One Robin provides an allowable area of 2,940 sq m (31,646 sq ft). It will house a 17-floor tower which includes 1 penthouse, 1 duplex unit, 12 typicalunits averaging 2,000 sq ft per unit on each floor, a swimming pool, kids pooland jacuzzi. Other features include private lift lobby and spacious balcony. Themain draw is its exclusivity, with only 1 unit per floor.One Robin was chosen for the convenience offered by its location. Major expressways such as the PIE, BKE, and CTE are within a 5-minute drive. So isSingapores well-known shopping belt, Orchard Road. The Singapore BotanicGardens and famous food places such as Newton Food Centre and AdamRoad Food Centre are just a stones throw away.Its proximity to renowned schools such as Anglo Chinese School, SingaporeChinese Girls School, Nanyang Primary School, Nanyang Girls High School,Raffles Girls Secondary School, Hwa Chong Institution and National JuniorCollege provides potential buyers with a wide choice of top academicinstitutions.Although One Robin is only expected to obtain TOP by September 2008, it has generated immense interests. Numerous enquiries were received each weeksince January this year.Said Mr. Chou Cheng Ngok, Chairman of Popular Holdings Limited: We areconfident of this maiden project. This ground-breaking ceremony is a symbolicevent. We may be new to property development, but we are an 83-year oldestablished company that is well-positioned to take on new challenges. We willput in our best efforts to deliver a high quality development project and webelieve the returns from the project will enhance shareholders value. 

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ahkian


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An interesting stock to watch.

Summary
The company(or bookstore) has been around even before I was born. Always go to this place for stationaries and assessment books in my younger days. If you go to Borders or Times or MPH you will hear music sometimes smell coffee. If you go walk into popular, you will notice queues and chingling sound of cash registers at the cashier :D
A no-gimmick bookstore and serves a niche market.
Although there is some changes to the flagship store last year at bras basah.

Some numbers

Last closing price 33c.
NAV is 32.16c as at 31 Jan 2007.
52 week price range : 42c-28.5c.

                06               05
EPS           3.56c            2.36c
Earnings     15.79mil        10.68mil
Div            1.7c (5.15%)  ??
PE             9.2

0.5c div paid in half yr Probable(guestimate) total div this year to distribute is 1.5c (4.5%).FY closing on 30Apr.

Plus points
-Steady profits from retail and distribution.
-3-4% dividends last year.
-Very low debt.
-NAV is 32.16c as at 31 Jan 2007.
-Stock hit a 52 week low of 28.c recently but closed at 33c last week.
 Highest was 42c when they announced plans to buy property and go into
 property development in may-june last year.
-Future revenue streams include publishing initiatives in HK, e-learning stuffs 
  and its foray into property developments.

Minus points
- Its recent forays into property may fail.
- Relatively small company, may be affected by major economic conditions or
   big competitors. Definately not in a sexy business.
- Stock is not very liquid, with small trading volumes.
  52% held by word holdings.
  Average daily volume (guesstimates) 100-200k out of 450mil available shares.
  Last few days volumes have gone up to average of 2mil per day.
- Recently, Chartered Asset Management Pte Ltd has been selling its shares
- Disappointing numbers from publishing business.

Interesting
- Its foray into property at 1Robin Road (Bt Timah area).
  Its a ~$15mil annual profit comany, with this property ,
   my guesstimates is that it will easily add 10% to its profits. 
  Business instint to ride on Property boom or will it fail?
- Profit expected to be lower base on 1-3Q results
   Probable(guesstimate) total div this year to distribute is 1.5c (4.5%).
   .5c oready given out as interim. There is 1c div to look forward to.
- Note, company always report a losses in their final quarter.
   Overall full year profit still intact.
  


Others
Currently not vested myself :D
Still thinking of what price to get it.
Comments? Ideas?


Disclaimer:
This is not a recommendation to buy the stock, just putting my thoughts on paper for discussion. I am a novice and few numbers quoted are my personal estimates. Do your own research, and I am not liable for any monetary losses or emotional trauma. However, if you make $$ after reading this you are most welcome to send me a 'popular' voucher :D

-- Edited by ahkian at 14:00, 2007-04-06

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