Member Info for Pragmate

Full marks and appreciation to the directors and dominant shareholders of AGP for their integrity and transparency, and the manner in which they have treated the minority shareholders throughout the restructuring process.

Why are Buys going through at above 50p when the estimated mop up value is 48.36p per share and expected to be paid out this month?

I am not one to ever say "I told you so", but ............... Go AGP.

A gilt edged property investment, and an astute foreign exchange play following the Brexit battering of the GBP. This will almost certainly prove to be an excellent long term investment for AGP as world markets face some volatility over the next decade.

Note the NAV of 140.6p after the payment of the special dividend. The majority of this is now represented by cash with a further increase to come in both NAV and cash holdings from the subsequent sale of the Chengdu China property.

The ex dividend NAV on these shares is upwards of £1.33 and rising, and a large hunk of it is currently held in cash. Go figure!

Some recognition at last of underlying share value, but the market price still remains well short of the underlying NTA of approx. £1.50 with a 17p cash dividend to come!

Some recognition at last of underlying share value, but the market price still remains well short of the underlying NTA of approx. £1.50 with a 17p cash dividend to come!

Can anyone tell me whether AGP or their Registrar have ever requested dividend payment details (including bank account numbers) from shareholders or is the upcoming dividend likely to be received by way of cheque? To the best of my knowledge this is the first dividend to be paid by the company.

As expected, the AGP Extraordinary Meeting on 29 April 2016 approved the sale of the Dah Sing Financial Centre property.

SEA Holdings' (AGP's parent company) shares continue to climb ahead of next week's annual report announcement, and hit HK$20.55 today on the HKEx.

By the time the profit on the recent sale of the FoTan property comes through in the accounts, and then the revaluation uplift on the Dah Sing property as at 31 December 2015, and then the super profit on the subsequent sale of the Dah Sing property, I am projecting a net asset value in excess of £1.50 per AGP share.The majority of this will of course soon be represented by cash in the bank.

Note that the "capital gain" of $HK700 million is OVER AND ABOVE the revaluation of the Dah Sing property to $HK9,500,000 million as at 31 December 2015 which is yet to be reflected in any published annual accounts.

Welcome aboard. The opportunity is steering us in the face, but I was starting to think that nobody was listening! The NAV is already above 125p with the super profit from the sale of Dah Sing Financial Centre still to come.

AGP directors have confirmed the sale of the Dah Sing Financial Centre in Hong Kong at a price of $HK10,000 million, which price appears to be well above carrying value.

SEA shares now in suspension pending digestion of upgrade and potential property sale announcements but closed on Friday at $HK18.48!,

AGP have announced that they are in discussions with a third party regarding the potential sale of the the Dah Sing Financial Centre. It will be very interesting to see if they are really willing to part with this prime asset and flagship commercial office property located in the heart of Hong Kong Central on Gloucester Road.

On Friday 5 February 2016 AGP announced a Performance Update and Positive Profit Alert to the market.

Parent company (SEA) share price now at HK15.72!!

Late last year AGP sold an early-stage development property in Sha Tin Hong Kong and walked away with a profit of HKD460million. Beats working!