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Overview of Lippo Malls Trust
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LionInvestments
Member |
25-Feb-2019 15:31
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I doubt they will do this rights issue anytime soon since the last results are not good enough to realise a good price, hence LK will be diluted too much since they don' t have the cash to follow. So, assuming the realised FX loss on cash to prepay debt was a one-off, and combined with an appreciating Rupiah, the next quarterly results should be better, so they will probably wait at least until after next quarterly results announcement. Also as the Rupiah stabilises the pressure on LK will be getting less extreme so they can afford to wait a bit longer to get a better price for Puri mall... While I am definitely concerned, it may not necessarily be a disaster, so better just wait and see how it develops...
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laksaman57
Supreme |
25-Feb-2019 13:15
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Present price maybe supported to help potential right issuance to buy Puri mall from LK. Opportunity to exit before support collapse. Dyodd.
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LionInvestments
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25-Feb-2019 11:44
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I admit to be disappointed too by the latest results , especially by " higher realised currency loss, as excess cash in Indonesian subsidiaries was repatriated to partly pay down maturing debts in the quarter" , not sure how to understand the accounting treatment of this one and why a loss of the value of cash for the paydown of debt should affect the DPU which I thought comes from earnings from operations. Maybe it would have been clearer for them to state that they decided to pay out less in order to reduce the debt... Any views?
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alexchew
Master |
25-Feb-2019 11:17
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lucky u ran, cut loss is most impt in any investment.
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kusje58
Member |
25-Feb-2019 11:14
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Sad and poorly run company. I bought years back at 45c. Sold at 32.5c last april. Still considered heng. |
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Starship
Supreme |
25-Feb-2019 10:25
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For months now, news media as well as forumers here have been screaming abt the risks at Lippo Karawaci and LMIRT. Yet, many optimists (and fake optimists) here continued to scream " Cheap" , " Buy" , " Accumulate" , etc. So today it crashes 13%. Well, when investing, company fundamentals are always Key and Decisive.......................   
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fundamentalhero
Veteran |
23-Feb-2019 21:25
Yells: "I NEED HONEYS AND MONIES" |
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O.o whoa thanks for the news update. So basically it is either APTT chiong to LMIRT price of 0.23 at that dividend rate to match the % or the inverse that LMIRT drop to APTT to account for the dividend rate % yield [ maybe plus a bit of premium due to hard asset but less premium due to election and rupiah and mother company? ] SGX is going to the sh2t hole. |
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laksaman57
Supreme |
23-Feb-2019 19:56
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APTT mgr guided dpu of 1.2cts is more certain than lmirt. Lmirt dpu may go lower. And potential right issuance may dilute it so much more. Scary just thinking about it. 😥 | ||||
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Starship
Supreme |
23-Feb-2019 17:58
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Cut to 1.2c annual divvy is basically the same fate as APTT.
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Starship
Supreme |
23-Feb-2019 15:39
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Red Flags.................... Lippo Malls Indonesia Retail Trust more than halves Q4 DPU to 0.3 S cent FRI, FEB 22, 2019 - 7:36 PM ANNABETH [email protected]@AnnabethLeowBTLIPPO Malls Indonesia Retail Trust (LMIRT) slashed its distribution per unit (DPU) for its fourth quarter, under what the manager called " challenging conditions" in results posted on Friday. The trust' s DPU was down to 0.3 Singapore cent for the three months to Dec 31, 2018, less than half of the 0.79 Singapore cent paid out in the same period the year before. This took full-year DPU to 2.05 Singapore cents, against 3.44 Singapore cents previously. The manager blamed a weaker rupiah, higher income tax costs and a higher realised currency loss, as excess cash in Indonesian subsidiaries was repatriated to partly pay down maturing debts in the quarter. Distributable income fell by 61 per cent on the previous year, to S$8.69 million, as net property income was lower by 14.5 per cent to S$38.4 million. https://www.businesstimes.com.sg/companies-markets/lippo-malls-indonesia%C2%A0retail-trust-more-than-halves-q4-dpu-to-03-s-cent  |
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laksaman57
Supreme |
23-Feb-2019 10:08
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0.3cts dpu + potential right issuance = RUN 🏃 | ||||
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laksaman57
Supreme |
23-Feb-2019 01:01
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https://www.businesstimes.com.sg/companies-markets/lippo-malls-indonesia%C2%A0retail-trust-more-than-halves-q4-dpu-to-03-s-cent | ||||
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laksaman57
Supreme |
23-Feb-2019 00:43
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dpu only 0.30cts 😭 | ||||
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josephyeo
Elite |
07-Feb-2019 09:49
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Full year results will be out on 22 Feb ' 19 | ||||
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josephyeo
Elite |
01-Feb-2019 17:15
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Huge volume the last few sessions. Today total traded 7 mil shares traded. See break down: 40 lots at 23.5 cts 2 mil at 24.0 cts 4.9 mil at 24.5 7.8 lots at 25.0 cts. Figures are rounded up. Looks like someone is accumulating in a substantial way. Just sharing ... i could be wrong |
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laksaman57
Supreme |
19-Jan-2019 10:08
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Only right issuance, unitholders can't reject.
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chengwh1
Elite |
19-Jan-2019 08:11
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Yup, happening to First REIT and First REIT' s mgr too,... But if no Rights Issue exercise or Placement done out of a corporate move, there is no additional cash gained for the move. So, what' s the purpose of the move then ??
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Secret_Squirrel
Elite |
18-Jan-2019 18:07
Yells: "Stay curious but skeptical" |
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This is called changing fengshui. If money in left pocket (wrong pocket) doesn' t bring luck, then change to the right pocket.
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laksaman57
Supreme |
18-Jan-2019 14:39
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http://www.first-reit.com/about-sponsor.html | ||||
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laksaman57
Supreme |
18-Jan-2019 12:07
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Mgr avoiding potential right issuance subscription ?
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