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Does that mean that for every one share we get $0.76? Isnt that like a 100% yield. I think i should be wrong. Any sifu can correct me?
Saw in the company disclosure, we have to fill in a form in order to get the dividend. Please advice.
williamyeo ( Date: 30-Oct-2013 18:51) Posted:
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3Q FY2013 Distribution Distribution Timetable 3Q FY2013
Distribution Details
3Q FY2013 Distribution Period
16 August 2013 ? 30 September 2013
Distribution Amount
0.760 cent per unit
bardsmanship ( Date: 09-Oct-2013 14:35) Posted:
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Soilbuild Business Space REIT: Best
proxy to Singapore industrial market
● Best-in-class portfolio properties
● Strong sponsor asset pipeline
● Robust financial position
Initiate coverage with BUY
We are initiating coverage on Soilbuild
Business Space REIT (Soilbuild REIT) with a
BUY rating. Our fair value of S$0.82 is based
on the dividend discount model, and implies
an attractive total expected return of 20.1%.
At current price, Soilbuild REIT is trading at
the steepest discount of 8.8% to its book
value, compared to an average P/B of 1.10x
seen across its subsector peers. This is
unjustified in our view given Soilbuild REIT?s
quality portfolio assets, growth potential and
respectable FY14F yield of 7.8%.
Singapore-based industrial landlord with
quality assets
Soilbuild REIT currently owns a young
portfolio of seven modern business space
properties in Singapore which enjoy excellent
connectivity. In addition, Soilbuild REIT has
the largest exposure to the business park
segment relative to the other industrial SREITs.
We like Soilbuild REIT?s exposure in
this space because demand in the local scene
has been growing steadily throughout the
years due to its high quality and lower rents
relative to traditional office spaces.
Strong sponsorship from Soilbuild Group
The Sponsor for Soilbuild REIT is Soilbuild
Group Holdings, a leading integrated
property group based in Singapore. It is one
of the few Singapore construction companies
that are allowed to tender for public sector
projects without any value limitations. Given
Soilbuild Group?s track record and expertise,
we believe Soilbuild REIT is able to leverage
on the capabilities of its Sponsor to grow its
income.
Clear growth opportunities
Soilbuild REIT is granted Right of First
Refusal (ROFR) by its Sponsor over all its
income-producing business space assets in
Singapore. The ROFR currently covers four
industrial properties, providing Soilbuild REIT
with a clear acquisition pipeline. In addition,
several of its properties have under-utilized
plot ratios, and present opportunities for
growth. As of the listing date, Soilbuild REIT
is sitting at healthy gearing ratio of 29.9%,
while 75.0% of its interest rates are fixed.
This not only gives Soilbuild REIT ample debt
headroom to pursue its growth plans but also
limits its exposure to rising interest costs.
Added Soilbuild Biz REIT in the comparison table. In my opinion, there are many other better REIT to choose than this Indsustrial REIT which is economic sensitive.
http://mystocksinvesting.com/singapore-reits/singapore-reit-fundamental-analysis-comparison-table-6-sept-2013/
desmond1988 ( Date: 30-Aug-2013 15:02) Posted:
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teeth53 ( Date: 19-Aug-2013 22:04) Posted:
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hi all,
Can anyone tell me what does this means??
On 16 August 2013, Certis CISCO Security Pte. Ltd. (" Certis CISCO" ) was allotted 1,000,000 voting units and DBS Bank Ltd. (" DBS Bank" ) was allotted 19,200,000 voting units in the placement tranche (" Placement Tranche" ) of the initial public offering (the " Offering" ) of Soilbuild Business Space REIT (" Soilbuild REIT" ).
As stated in the prospectus dated 7 August 2013 issued in connection with the Offering (" the Prospectus" ), Mr Lim Chap Huat has granted an over-allotment option (" the Over-Allotment Option" ) exercisable by DBS Bank (or any of its affiliates), in consultation with the Joint Bookrunners (as defined in the Prospectus), to acquire from Mr Lim Chap Huat up to an aggregate of 56,307,000 voting units at the Offering Price (as defined in the Prospectus), solely to cover the over-allotment of voting units (if any), subject to any applicable laws and regulations. Hence, DBS Bank is deemed to have an interest in the 56,307,000 voting units under the Over-Allotment Option.
Temasek does not have any direct interest in the voting units of Soilbuild REIT.
Temasek is reporting a deemed interest of 9.52% of the voting units of Soilbuild REIT which resulted from the transactions described above (collectively, the " Transaction" ). Immediately after the Transaction, Temasek's deemed interest comprises:-
(A) Deemed interest via DBS Bank: 9.39%
(i) DBS Bank is a wholly owned subsidiary of DBS Group Holdings Ltd (" DBSH" ).
(ii) Temasek has a more than 20% interest in DBSH, an
independently managed Temasek portfolio company.
(B) Deemed interest via Certis CISCO: 0.12%
(i) Temasek indirectly owns 100% of Certis CISCO, an
independently managed Temasek portfolio company.
---------
Total deemed interest of Temasek after the Transaction: 9.52%
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In deed, was trying to Q@lower (see today traded prices), no luck.
| Opened-0.715 | Closed-0.730 | +0.015c | +2.1% | Volume - 37,721,000 |
teeth53 ( Date: 18-Aug-2013 17:51) Posted:
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teeth53 ( Date: 19-Aug-2013 08:02) Posted:
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churnw ( Date: 18-Aug-2013 17:26) Posted:
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