Some stocks gradually compound away, year after year. Others returns years of performance in a brief period of time... This post is a follow-up on the 150% dividend yield stock I discovered in News & Insights #37. It includes an excel sheet to check the fair value impact in various scenarios.
I wonder if the Winland is what in some countries is called a 'love motel'? That would explain the crazy high occupancy and the low rate (rooms aren't booked for 24 hours)
HaHa! That is BRILLIANT thinking...makes a lot of sense, Brian. Thank for that.
I was so focused on getting to grips with the special sit that I had not yet thought through the hotel operations...although I was very surprised with the almost 100% occupance rate... never seen such high rates in listed hotel co's.
Unfortunately, there were too many people with broker access and the stock price did not offer a substantial discount to my ‘base-case’ estimate of HKD 0.13 p/s.
Exactly! Too bad that Mexan immediately opened up considerably. On the bright side, it shows we're fishing in the right pond. There's lots of appetizing fish like Mexan. I'll post on similar absurd-cheap HK stock opportunities that have not played out yet.
I still like TJ development 882 HK . Positive carry, no net debt, huge discount to Nav, hidden good business (Otis). Those are a lot better than these HK property sh*tcos
Absolutely! I had expected $882.hk to break-out to new multi-year highs already, but I guess the macro / construction sector headwinds are dampening sentiment. Among the Dollars trading Pennies, $3818.hk China Dongxiang is another one of the most interesting ones imo.
Thanks for the weekend follow up on this!
I wonder if the Winland is what in some countries is called a 'love motel'? That would explain the crazy high occupancy and the low rate (rooms aren't booked for 24 hours)
HaHa! That is BRILLIANT thinking...makes a lot of sense, Brian. Thank for that.
I was so focused on getting to grips with the special sit that I had not yet thought through the hotel operations...although I was very surprised with the almost 100% occupance rate... never seen such high rates in listed hotel co's.
It also explains why there’s a lot of rubble coming off the walls 🤣
Unfortunately, there were too many people with broker access and the stock price did not offer a substantial discount to my ‘base-case’ estimate of HKD 0.13 p/s.
Yes, the stock is now trading around 0.148. However, it shows that some Hong Kong stocks might be undervalued. I guess in particular small stocks.
Exactly! Too bad that Mexan immediately opened up considerably. On the bright side, it shows we're fishing in the right pond. There's lots of appetizing fish like Mexan. I'll post on similar absurd-cheap HK stock opportunities that have not played out yet.
I would love to trade this but it ran away already….. also the business quality is not good enough for a long term hold
Yep. No need to chase this. There are others that have not played out yet, and many of them have already been paying consistent dividends.
I still like TJ development 882 HK . Positive carry, no net debt, huge discount to Nav, hidden good business (Otis). Those are a lot better than these HK property sh*tcos
Absolutely! I had expected $882.hk to break-out to new multi-year highs already, but I guess the macro / construction sector headwinds are dampening sentiment. Among the Dollars trading Pennies, $3818.hk China Dongxiang is another one of the most interesting ones imo.