G'day PP I wrote this post back in mid Dec'18 when Ho Bee Land...

G'day PP

I wrote this post back in mid Dec'18 when Ho Bee Land lodged its first substantial shareholder notice.

Ho Bee Land is a large property developer based in Singapore with substantial operations in Australia. Accordian Investments was first registered as an Australian company just 10 weeks ago on 7th September 2018 with a registered office in Docklands Melbourne.

Ho Bee have spent around $15million accumulating a6.6% stake in VLW.

With a low AUD it is an ideal time for an overseas investor to put cash to work in Australia.

This will not be a passive investment. Expect more action to take place in the near term. With a fabulous land bank and an expected $50million net profit from the Donnybrook land holding sale VLW is a very attractive takeover target with a share price at $1.72 and a NTA at 30 June 2018 of $2.34 plus another 6 months net profut to 31 December 2018.

Interesting times.

Today we see Ho Bee Land protecting its position by acquiring another 2.2million, taking its holdings to 9.41%

So now we have an active Substantial Shareholder in Ho Bee Land buying shares and an unsolicited bid from AVID Property Group who are property heavyweights. I would not be surprised that a third party enters the race to takeover Villa World given its fabulous landbank, coming JV profits from DonnyBrook and the realisation of at least $100million in contracts in hand that settle over the next 12 months.

I hope our Board is looking to maximise the value of offers and attracts offers without conditions attached.

Cheers.....................Daicosisgod