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Rather lucky that the manager of Starhill GR is so far very fair to the minorities.
i didnt do the research myself. took it from this book called Asian Godfathers. banned in sg since its too frank on its take on lky and sg.
look at the sort of companies that get to do this.
eg li ka shing and hutchison. li can just up his stake above the limit without general offer. then he ends up controlling company and treats it as a milk cow.
with controlling stake but not sharing in the entire downside, the controlled company takes up contracts with private companies. private companies surprisingly owned entirely by the controlling stakeholder in the company that loses out in the deal. controlling shareholder wins at the expense of the small suckers
another example would be otto marine in sg. the owner is rich enough to be listed on forbes with his armarda of private companies but the listed company is in shit.
its really not as simple as buy from open mkt to support price. its what they do with shares and the control they get
jackson5 ( Date: 16-Jun-2013 16:51) Posted:
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Pls enlighten why it is only good to YTL ? Thought if YTL can buy
from open market, this action will support the share price ?
jomini ( Date: 16-Jun-2013 00:42) Posted:
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no its only good news for ytl.
sgx is breaking the rules to favour one investor over all others
jackson5 ( Date: 14-Jun-2013 22:47) Posted:
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Thru SGX announcement ,YTL confirmed will convert its CPUs into ordinary units . YTL holdings will cross 30% and stand at 37% after conversion.YTL can buy from open market after 37% because they don't have to give general offer to minority shareholders. Believe this is positive for share price.
uptrend support broken for Starhill Global.
http://mystocksinvesting.com/singapore-reits/singapore-reits-comparison-table-for-dividend-investing-as-passive-income-june-2013/
0.70 , new high of recent years.
Move up with high vol.
strong buying in past days.
RE: Starhill Global Reit
" Toshin, a unit of Takashimaya, leases more than 225,000 sq ft in Ngee Ann City in annual rents to $33.9 million at the last review in 2008 "
33.9/225,000 sq ft/12=S$12.55 . It is too cheap for rental at any part of Ochrad road, let alone retail space in NAC. Believe the rental should be more than S$30.00 per sq ft.
The new lease of this property should bring in more than double of what Starhillis geeting now from the old lease.
33.9/225,000 sq ft/12=S$12.55 . It is too cheap for rental at any part of Ochrad road, let alone retail space in NAC. Believe the rental should be more than S$30.00 per sq ft.
The new lease of this property should bring in more than double of what Starhillis geeting now from the old lease.
Hi All Can tell this result good or not ? don't know how to analyse lah ... please help .. this link can also view in SGX lah..result good ?
Thanks
FIRST QUARTER RESULTS FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
Whitewash - http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1A8A400333E6279C482579EC003CBD2F/$file/StarhillGbl_1Q12Whitewash.pdf?openelement
Presentation - http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1A8A400333E6279C482579EC003CBD2F/$file/StarhillGbl_1Q12Presentation.pdf?openelement
News Release - http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1A8A400333E6279C482579EC003CBD2F/$file/StarhillGbl_1Q12NewsRelease.pdf?openelement
Financials - http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1A8A400333E6279C482579EC003CBD2F/$file/StarhillGbl_1Q12Financials.pdf?openelement
Gearing at 37% or 30% consider high and risky?
I understand the mgmt is comfortable with anything < 40% while the MAS guideline is < 60%
It all depends on the market conditions actually, should there be a financial crisis on the card, everything will be high/risky.
We need to balance return yield-gearing-sponsor...... is Lippo Mall a low risk reits? Think again!
marubozu1688 ( Date: 14-Mar-2012 22:13) Posted:
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If the gearing is too high, the REIT may not be able to get additional loan from the banks for property acquisition. If they can't get the bank loan, they will have to issue rights to finance their acquisition. The share price will be affected immediately when there is issurance of right. No right or wrong, but personally I am avoiding REIT with too high gearing. Not worth the gamble at all (for me).
SupremeA ( Date: 13-Mar-2012 07:35) Posted:
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Actually 37% gearing is not so bad right? A lot of REITS can go up to 40-50% I think.