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Latest Forum Topics / Landmark REIT    Last:0.008    +0.001  Post Reply
Overview of Lippo Malls Trust
Goldblade
Senior
22-Mar-2023 14:51     
 
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 Alert Admin 		Need to sell some of their malls or convert to something else. Some of their mall occupancy rate is not very good. 
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n3wbie
Elite
22-Mar-2023 14:48     
 
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 Alert Admin 		Not surprising given that they don' t intend to pay the coupons due next week!

superstartup      ( Date: 22-Mar-2023 14:27) Posted:

from 50c to 1.5c
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superstartup
Supreme
22-Mar-2023 14:27     
 
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Yells: "Enjoy doing Fundamental Research"
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 Alert Admin 		from 50c to 1.5c
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rledchg11
Member
22-Mar-2023 14:23     
 
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 Alert Admin 		and some got fried sotongs... piang. 
seems like not yet settled... lets see... 

Goldblade      ( Date: 22-Mar-2023 14:20) Posted:

LMIR Trust also intends to cease distributions for the $140.0 million and $120.0 million perpetual securities. The Manager is also in the process of appointing a Financial Advisor to review and evaluate the various options available to LMIR Trust to achieve a sustainable capital structure&rdquo

This was said during their financial results press release. 

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Goldblade
Senior
22-Mar-2023 14:20     
 
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 Alert Admin 		LMIR Trust also intends to cease distributions for the $140.0 million and $120.0 million perpetual securities. The Manager is also in the process of appointing a Financial Advisor to review and evaluate the various options available to LMIR Trust to achieve a sustainable capital structure&rdquo

This was said during their financial results press release. 
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rledchg11
Member
22-Mar-2023 14:06     
 
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 Alert Admin 		seems like in the month of Feb and Mar 2023... many annoucements.... seems like a some shake ups... tough time.. pain . take cover.
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mrwise
Supreme
22-Mar-2023 11:50     
 
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 Alert Admin 		Jialat!!  Better be careful of this!!!

Big Volume of selling in action!!!
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stockbel
Member
22-Mar-2023 11:48     
 
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 Alert Admin 		Im very surprised it dipped again on the 2nd day. 
How is it possible?
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mrwise
Supreme
22-Mar-2023 11:47     
 
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 Alert Admin 		Will it closed down if they cannot pay?!!!

Seems like ppl keep selling because of some more bad news coming??

 

Goldblade      ( Date: 22-Mar-2023 11:02) Posted:

Actually im intersted as to why the stocks took a hit? They said they will not pay distribution to the perpertual securities that were issued in 2016. Because of this, they will save almost 42mil. 

They only SUSPECT they wont pay dividends to the unitholders. Its not confirmed so the share price is falling because people are worried?
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Goldblade
Senior
22-Mar-2023 11:02     
 
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 Alert Admin 		Actually im intersted as to why the stocks took a hit? They said they will not pay distribution to the perpertual securities that were issued in 2016. Because of this, they will save almost 42mil. 

They only SUSPECT they wont pay dividends to the unitholders. Its not confirmed so the share price is falling because people are worried?
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Joelton
Supreme
22-Mar-2023 10:24     
 
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Lippo Malls units tumble after it cancels March distribution for its $140m perpetual securities
 
SINGAPORE &ndash The manager of Lippo Malls Indonesia Retail Trust (LMIRT) has elected not to pay distributions, originally scheduled on March 27, to holders of its $140 million perpetual securities issued in September 2016.
 
Following the news, LMIRT units fell sharply and were trading down 0.4 cent, or 18 per cent, at 1.8 cents as at 2.23pm on Tuesday.
 
The manager of the real estate investment trust said in a bourse filing on Monday evening that the issuer has no obligation to pay the March 2023 distribution and the unpaid sum is non-cumulative and does not accrue distribution.
 
Unit holders of LMIRT, as well as those who bought its June 2017 perpetual securities worth $120 million, are also at risk of not receiving any payments from the issuer.
 
LMIRT&rsquo s manager said that it will apply the dividend stopper provision arising out of its discretion in stopping the March 2023 distribution of its 2016 perpetual securities, and not declare or pay any dividends or distribution on its units or the 2017 perpetual securities.
 
The issuer will also not redeem, reduce, cancel, buy back or acquire any units or any of the 2017 perpetual securities.
 
The announcement by LMIRT comes after two rating agencies, Moody&rsquo s and Fitch, downgraded its ratings for the issuer, citing its refinancing risk.
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hmphie
Veteran
22-Mar-2023 10:06     
 
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 Alert Admin 		Joseph, time to buy or cut?

josephyeo      ( Date: 21-Nov-2022 14:45) Posted:

By the way, I was taught that if you buy a  share at the bottom, you will never loose money,
unless the company go bankrupt.
 

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ken7951
Member
22-Mar-2023 10:05     
 
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 Alert Admin 		buyers of this counter just throwing away good money
good luck.
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Johnsnow
Elite
22-Mar-2023 06:25     
 
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 Alert Admin 		Dividend also dun want to pay . I price it as 0.000
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Johnsnow
Elite
21-Mar-2023 12:48     
 
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 Alert Admin 		0.001 I will buy
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ken7951
Member
21-Mar-2023 10:25     
 
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 Alert Admin 		lippo 1 cent coming 
all hard earned money gone

sad
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mrwise
Supreme
21-Mar-2023 09:59     
 
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 Alert Admin 		Now become lousy penny stock!! keep falling....no support at all...

Goldblade      ( Date: 21-Mar-2023 09:49) Posted:

Might privatise soon. 

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mrwise
Supreme
21-Mar-2023 09:56     
 
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 Alert Admin 		Wow! they are good!.....better watch out for this counter....

Not a good buy at all....scary...

Counter keeps falling ........free fall....

Joelton      ( Date: 21-Mar-2023 09:12) Posted:

No distributions for $140 million perps says Lippo Malls Indonesia Retail Trust' s manager
Lippo Malls Indonesia Retail Trust&rsquo s (LMIRT) manager says that it has informed holders of its $140 million perpetual securities tranche issued in September 2016 that the manager will not be paying distributions scheduled for March 27.
 
&ldquo The unpaid March 2023 Distribution is non-cumulative and does not accrue distribution. As a result of the exercise of this discretion, the dividend stopper provisions under the Perpetual Securities are applicable. The Issuer shall not: (A) declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on the Units or (except on a pro rata basis) the $120,000,000 Perpetual Securities issued on June 18, 2017,&rdquo LMIRT&rsquo s manager says.
 
As a result, LMIRT&rsquo s unitholders are unlikely to receive DPU until such time as these perpetual securities distributions resume or the perpetual securities are redeemed.
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Goldblade
Senior
21-Mar-2023 09:49     
 
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 Alert Admin 		Might privatise soon. 
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kwwongm
Veteran
21-Mar-2023 09:21     
 
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 Alert Admin 		This reit will be on verge bankrupt
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