tag:blogger.com,1999:blog-7944902213075756335.post1372805976922948703..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): LMIR: More acquisitions and lesser DPU again.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-7944902213075756335.post-84700674077649968092012-10-26T15:17:06.659+08:002012-10-26T15:17:06.659+08:00Hi Howyuan,
Hey, I miss things sometimes too. We ...Hi Howyuan,<br /><br />Hey, I miss things sometimes too. We retail investors have to keep a look out for each other. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10361777121640716152012-10-26T15:14:51.677+08:002012-10-26T15:14:51.677+08:00Hi Izydata,
Actually, I did divest some and what ...Hi Izydata,<br /><br />Actually, I did divest some and what is left is part of my core investments for income. <br /><br />S-REITs are no longer cheap and a pertinent question would be what are "better" investments? <br /><br />I like to buy undervalued shares and I have channelled some funds to a few non-REITs which pay moderate dividends and will hopefully deliver good capital gains. AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38725494068979510162012-10-26T10:56:31.582+08:002012-10-26T10:56:31.582+08:00Hi AK, i must have messed up news again. Haha..
A...Hi AK, i must have messed up news again. Haha..<br /><br />And my sell queue expired just like that....Howardhttps://www.blogger.com/profile/09662323373950873973noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85949784656647187782012-10-25T21:38:31.257+08:002012-10-25T21:38:31.257+08:00It's quite hard for individual investors to ch...It's quite hard for individual investors to change management strategy, so I am also curious about why AK71 just doesn't divest LMIR if there are better opportunities elsewhere.lzyDatahttps://www.blogger.com/profile/15048717550148913082noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31182941648872861612012-10-25T10:01:34.906+08:002012-10-25T10:01:34.906+08:00Hi Ray,
Long time no hear. Hope you are doing wel...Hi Ray,<br /><br />Long time no hear. Hope you are doing well too. :)<br /><br />Yes, I suppose this is one instance where locking in some capital gains could be a good idea as the investment has become a weaker one for income.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38142870809515947252012-10-25T09:59:12.391+08:002012-10-25T09:59:12.391+08:00Hi Ah John,
There is no mention of a rights issue...Hi Ah John,<br /><br />There is no mention of a rights issue or share placement.<br /><br />However, new units will be issued to pay the Acquisition Fee due to the managers of the Trust.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84286606078208649432012-10-25T09:57:08.130+08:002012-10-25T09:57:08.130+08:00Hi Howyuan,
If I remember correctly, the malls be...Hi Howyuan,<br /><br />If I remember correctly, the malls being purchased are not owned by Lippo though. So, I don't see how it helps. Hmmm...AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71975650341418891572012-10-25T09:13:39.120+08:002012-10-25T09:13:39.120+08:00Hi AK,
Long time no see :)
hope everything is goi...Hi AK,<br /><br />Long time no see :)<br />hope everything is going well for you (not everything coz obviously LMIR has been disappointing ;p )<br /><br />LMIR has been one of my best investment as the price rose quite a bit, maybe its time to divest and get some cash of the table? hmmRayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14659225719708352192012-10-24T23:21:02.152+08:002012-10-24T23:21:02.152+08:00Hi AK, they use debt to pay for these acquisition,...Hi AK, they use debt to pay for these acquisition, so no more new unit issued, am I right? Ah Johnhttps://www.blogger.com/profile/08143011578144039532noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52345552628158937822012-10-24T22:44:25.736+08:002012-10-24T22:44:25.736+08:00Lippo malls controlled by Riadys right? Why do I h...Lippo malls controlled by Riadys right? Why do I have a feeling such assets offloading are related to their F&N plan? Howardhttps://www.blogger.com/profile/09662323373950873973noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64738163132888241392012-10-24T21:35:31.991+08:002012-10-24T21:35:31.991+08:00Hi OT,
Busy with work is good. You know what they...Hi OT,<br /><br />Busy with work is good. You know what they say about "idle hands". ;)<br /><br />I am good. Trying to take things easy and not worry too much. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47295356969079089152012-10-24T21:24:00.632+08:002012-10-24T21:24:00.632+08:00Hi AK,
Been too busy with work. No time to go bul...Hi AK,<br /><br />Been too busy with work. No time to go bully bear, blog, or do other things. <br /><br />How have you been? :)OT83https://www.blogger.com/profile/10092060003214793123noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22299638412243467092012-10-24T21:08:08.897+08:002012-10-24T21:08:08.897+08:00Hi OT,
Long time no hear. :)
Yes, I think a part...Hi OT,<br /><br />Long time no hear. :)<br /><br />Yes, I think a partial divestment could be a good idea. See if it retests the recent high which should be the immediate resistance.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38274819114756409502012-10-24T20:56:02.253+08:002012-10-24T20:56:02.253+08:00Hi AK,
Any plan to divest your units in lippo?Hi AK,<br /><br />Any plan to divest your units in lippo?OT83https://www.blogger.com/profile/10092060003214793123noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48560240220862098822012-10-24T19:48:55.310+08:002012-10-24T19:48:55.310+08:00Hi Poh Soon,
Total distributable income could inc...Hi Poh Soon,<br /><br />Total distributable income could increase but DPU might not. It depends on whether the increase in distributable income is greater or lesser than the increase in the number of units in issue. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4699734661325536052012-10-24T19:46:28.788+08:002012-10-24T19:46:28.788+08:00Hi opal,
Yes, we can only hope for the best. It i...Hi opal,<br /><br />Yes, we can only hope for the best. It is a loss to unit holders that Mapletree exited the REIT's management. Their partnership in the REIT was one of the early reasons for me to be vested.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7089716817848627262012-10-24T19:43:54.689+08:002012-10-24T19:43:54.689+08:00Hi B,
More debt, I believe.
The Manager proposes...Hi B,<br /><br />More debt, I believe.<br /><br /><i>The Manager proposes to finance the Pejaten Village Acquisition and the Binjai Supermall Acquisition (the “Proposed Acquisitions”) with:<br /><br />(i) the proceeds raised from the issuance of the S$200,000,000 4.88% Notes due 2015 and S$50,000,000 5.875% Notes due 2017 (collectively, the “Notes”) pursuant to the S$750,000,000 Guaranteed Euro AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11702557833232169812012-10-24T19:36:01.669+08:002012-10-24T19:36:01.669+08:00Hi Sheng Shi,
Retail investors are rather powerle...Hi Sheng Shi,<br /><br />Retail investors are rather powerless really. We could voice our displeasure at AGMs but can we change the way things are done?<br /><br />I have always wondered why the CEO has been there for years while the CFOs never seem to last very long...AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21835598665811144862012-10-24T17:38:59.358+08:002012-10-24T17:38:59.358+08:00Sorry for being stupid here.
I am wondering, why ...Sorry for being stupid here.<br /><br />I am wondering, why the purchase will reduce the DPU?<br /><br />Say, the REIT currently earn x mil.<br /><br />Unless the new purchase generate -ve income or new unit being issued due to the purchase (y) and y x cuurent DPU > the profit generated out of the new purchase, else the DPU should rightfully increase. Isn't it?<br />Poh Soonhttps://www.blogger.com/profile/13133793415765270549noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66056357080207885272012-10-24T16:33:06.577+08:002012-10-24T16:33:06.577+08:00Let's hope that the management look at ways to...Let's hope that the management look at ways to maximise the yield, such as optimise tenant mix, redevelop /reposition the mall etc<br /><br />capitaland seems to be quite good in mall management. opalhttps://www.blogger.com/profile/09346620068918069361noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86975481992748493852012-10-24T16:20:40.734+08:002012-10-24T16:20:40.734+08:00Hi AK
How are they going to finance these 2 new a...Hi AK<br /><br />How are they going to finance these 2 new acquisitions? Don't the DPU will increase with increasing revenue per se once these malls are in operation mode?Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67731334991062745112012-10-24T16:18:22.482+08:002012-10-24T16:18:22.482+08:00Hi AK71
As shareholders, what can we do to discou...Hi AK71<br /><br />As shareholders, what can we do to discourage such activities from the trust? Can it be only done through AGM?<br /><br />Sheng Shiwirbelwindhttps://www.blogger.com/profile/11655742118417761708noreply@blogger.com