Re-SUTL "I would expect an update from the company regarding the One°15 Marina lease renewal in the near/medium term", what's the basis for that prognosis?
During this year’s AGM, BHU’s management stated that it is in discussions with the government to renew the leasehold. I believe management would not have highlighted this unless negotiations were at an advanced stage and/or they were confident in a successful renewal.
Thanks, wasn't the latest AGM 10 months ago? They take their sweet time in SG... Also, interesting to see the stock cross the 0.7 resistance recently.... good volume on both bid and ask so perhaps new buyers coming in to meet the existing seller. Wonder who the seller is and what they know which we don't... Do you know what the position reporting thresholds are in SG?
Agree that the AGM was a while ago. Nonetheless, given that the lease expires in nine years, I think it's a big positive that they are already in renewal discussions with the government.
As for the reporting thresholds, my understanding is that disclosure is mandatory for shareholders with positions greater than 5%.
Thanks. Interestingly 1% of the shares changed hands last week and we are now back in the 0.69-0.70 range... There is clearly a decent size seller on the offer
Re-SUTL "I would expect an update from the company regarding the One°15 Marina lease renewal in the near/medium term", what's the basis for that prognosis?
During this year’s AGM, BHU’s management stated that it is in discussions with the government to renew the leasehold. I believe management would not have highlighted this unless negotiations were at an advanced stage and/or they were confident in a successful renewal.
Thanks, wasn't the latest AGM 10 months ago? They take their sweet time in SG... Also, interesting to see the stock cross the 0.7 resistance recently.... good volume on both bid and ask so perhaps new buyers coming in to meet the existing seller. Wonder who the seller is and what they know which we don't... Do you know what the position reporting thresholds are in SG?
Agree that the AGM was a while ago. Nonetheless, given that the lease expires in nine years, I think it's a big positive that they are already in renewal discussions with the government.
As for the reporting thresholds, my understanding is that disclosure is mandatory for shareholders with positions greater than 5%.
Thanks. Interestingly 1% of the shares changed hands last week and we are now back in the 0.69-0.70 range... There is clearly a decent size seller on the offer