2nd Liner Prop Stocks

wifi, is Heeton undervalued on a fundamental basis? Seems  like a third liner of little interest to the funds.

even if there is a bb, it's ok, he is only raising the stock to its intrinsic value which benefits all minorities. Just don't overdo it, and then all of innocent people get stranded at high prices.

Oxley is more sexy @ 44.5 cents. Should be able to hit 50 cents .... Just watch.

From some loose calculations and estimates, Heeton's RNAV per share is above $2, made up of:
Current NAV in its books = $1.084 (June 2012 results)
Share of Profits from its 11 projects = 70ct per share
Profits from El Centro = 35ct
Total = $2.134
Current share price = 54ct
Current share price as a % of RNAV = 25% (75% discount)
Little scrip: only 223 million shares in issue, gains are shared by fewer shares.

It would be disaster for property prices if these rates ever make a comeback!

Hiap Hoe (64 cents), Sing Holdings (4- cents) + Heeton (54 cents) + Koh Brothers (23 cents) -- You have to have these Foursome in your portfolio ! So undervalued and will one day prove to be a much better investment than .... physical property (!!!)

When Sing Holdings launch its Robin site, the NAV will go even higher and assets will be cash and close to cash so discount should be lower
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[guru 20-10-2012]:

Hiap Hoe (64 cents), Sing Holdings (4- cents) + Heeton (54 cents) + Koh Brothers (23 cents) -- You have to have these Foursome in your portfolio ! So undervalued and will one day prove to be a much better investment than .... physical property (!!!)