Post Reply
1661-1680 of 1690
REIT doesn' t look good generally with the impending interest rate hike.
Hi all,
I just did a quick analysis on Lippo Mall Trust and I think now maybe a good opporunity to go in. I know the recent share issue have got many shareholders pissed. But I think for new investors this may present as a unique opportunity.
Read more at my blog here: http://www.myweekendinvestment.com/7-reits-watch-list-aiming-buy-one/
UP TO S$180 MILLION TERM LOAN FACILITY GRANTED TO LIPPO MALLS INDONESIA RETAIL TRUST
" Interest Margin - The Facilty wil bear an interest margin of 3.0% per anum over the relevant SGD Swap Offer Rate."
Anyone knows what is the meaning of interest margin??
Does it mean the interest rate of the loan is 3.0% + SGD Swap Offer Rate??
Sorry kind of noob here..
Volume quite high for today and past few days. Seems that people started to accumulate as the price was quite low.
bobochacha ( Date: 16-Dec-2014 09:47) Posted:
|
The Manager wishes to announce that approval in-principle has been obtained from Singapore Exchange Securities Trading Limited (the " SGX-ST" ) for the listing of, and dealing in and quotation on the Main Board of the SGX-ST of:
(a) 117,647,000 Placement Units and
(b) up to 118,421,052 Consideration Units to be issued to Bridgewater International Limited (" Bridgewater" ).
In addition, PT Almaron Perkasa (" PT AP" ) (the vendor of LMK) has agreed that the issue price of the Consideration Units, which shall be calculated based on the volume weighted average traded price for a unit in LMIR Trust (" Unit" ) for all trades on Singapore Exchange Securities Trading Limited (the " SGX-ST" ) for the period of 10 business days immediately preceding the date of completion of the LMK Acquisition (" 10-Day Volume Weighted Average Price" ), shall not in any event be less than S$0.38 per Consideration Unit. This is beneficial to unitholders of LMIR Trust (" Unitholders" ) as it provides certainty to Unitholders in terms of the maximum number of Consideration Units which would be issued.
Any hope on this counter. It seems going back below 30c
Why the price has drop so much?
Secret_Squirrel ( Date: 10-Dec-2014 17:35) Posted:
|
Agreed. It seems that they are trying to push down price to 34 cents today
elea88 ( Date: 10-Dec-2014 09:40) Posted:
|
lousy management. should vote them out.
1) keep placing out shares at discount (without offering to existing shareholders, diluting shareholding and EPS - NOT good at creating value for shareholders)
2) don' t know how to properly hedge IDR/SGD - falling EPS and DPS when translated back to SGD
what kind of lousy reit manager is this lol.
elea88 ( Date: 10-Dec-2014 09:40) Posted:
|
Pantoo...at .34.... no need wait invitation. Just buy off the market.
Are existing shareholders invited to purchase the new units offered?
Good for mid-long term with high dividend payout.
The Issue Price of S$0.34 per New Unit represents a discount of: (i) 8.4% to the volume weighted average price of S$0.3710 per unit in LMIR Trust (?Unit?) for trades in the Units done on Singapore Exchange Securities Trading Limited (the ?SGX-ST?) on 5 December 2014 (being the full Market Day1 immediately preceding the date on which the placement agreement was entered into between the Manager and the Joint Bookrunners in connection with the Private Placement (the ?Placement Agreement?)) up to 12.00 p.m. today (being the time at which the trading halt was called earlier today) and (ii) (for illustrative purposes only) 7.0% to the adjusted volume weighted average price2 of S$0.3655 per Unit.
Based on the Issue Price, the gross proceeds from the Placement (the ?Gross Proceeds?) amount to approximately S$40.0 million. The net proceeds from the Placement amount to approximately S$39.0 million, after deducting the underwriting and selling commission and other estimated fees and expenses (including professional fees and expenses) incurred in connection with the Placement.
2. 3. USE OF PROCEEDS Subject to relevant laws and regulations, the Manager intends to use the Gross Proceeds in the following manner: (i) approximately 97% of the Gross Proceeds will be used to fund the acquisition of Lippo Mall Kemang (the ?LMK Acquisition?) and (ii) approximately S$1.0 million (equivalent to approximately 3% of the Gross Proceeds) will be used to pay the estimated fees and expenses, including professional fees and expenses, incurred or to be incurred by LMIR Trust in connection with the Placement.
NOTICE OF ADVANCE DISTRIBUTION BOOKS CLOSURE & DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that, pursuant to the Placement (as defined herein), the transfer books and register of unitholders of LMIR Trust will be closed at 5.00 p.m. on 16 December 2014 for the purpose of determining the entitlements of unitholders of LMIR Trust (?Unitholders?) to LMIR Trust?s distributable income (the ?Advance Distribution?) for the period from 1 October 2014 to the day immediately prior to the date on which new units (?New Units?) in LMIR Trust are issued pursuant to the placement undertaken by LMIR Trust on 8 December 2014 (the ?Placement?). The New Units are expected to be issued on or about 17 December 2014. The next distribution following the Advance Distribution will comprise LMIR Trust?s distributable income for the period from the day the New Units are issued under the Placement to 31 December 2014. Quarterly distributions will resume thereafter. The current expectation of LMIRT Management Ltd., as the manager of LMIR Trust (the ?Manager?) is that the quantum of distribution per unit in LMIR Trust (?Unit?) under the Advance Distribution will be approximately 0.55 cents1. The actual quantum of the distribution per Unit under the Advance Distribution will be announced on a later date after the management accounts of LMIR Trust for the relevant period have been finalised. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at 5.00 p.m. on 16 December 2014 will be entitled to the Advance Distribution that will be paid on or around 13 March 2015. The Advance Distribution is intended to ensure that the distributable income accrued by LMIR Trust up to the day immediately preceding the date of issue of the New Units (which at this point, will be entirely attributable to the existing Units) is only distributed in respect of the existing Units, and is being proposed as a means to ensure fairness to holders of existing Units. The Advance Distribution comprises Tax-Exempt Income Distribution and Capital Distribution.
good luck to longist!!
lingua101 ( Date: 08-Dec-2014 17:58) Posted:
|
LMIRT Management Ltd., in its capacity as manager of LMIR Trust (the &ldquo Manager&rdquo ), is proposing to carry out a placement of 117,647,000 New Units to institutional and otherinvestors at an issue price of S$0.34 per New Unit(the &ldquo Issue Price&rdquo ) to raise grossproceeds of approximately S$40.0 million (the &ldquo Placement&rdquo ).
Does this means the price will drop to 34 cents when they resume trading?
is it about stock reissuance?
most likely bad news. 5 mil+ volume in the morning was unusual. stock got dumped by ppl who knows the news first.
Any idea why this counter is halted?
Bad news?
Wait at the next support before deciding whether want to enter or not.
http://mystocksinvesting.com/singapore-stocks/lippo-malls-reit/lippo-malls-indonesia-retail-trust-lmir-fundamental-technical-analysis-risk-assessment/
lingua101 ( Date: 05-Nov-2014 09:41) Posted:
|