tag:blogger.com,1999:blog-7944902213075756335.post3174633252235412285..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Saizen REIT: 3Q FY2011 results.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7944902213075756335.post-83863166991840740112011-05-14T16:42:15.480+08:002011-05-14T16:42:15.480+08:00Hi K,
It is perhaps clearer in their presentation...Hi K,<br /><br />It is perhaps clearer in their presentation:<br /><br /><a href="http://www.saizenreit.com.sg/images/stories/saizen_reit_-_201105_presentation_3qfy2011.pdf" rel="nofollow">Presentation: 3Q FY2011.</a><br /><br />Income generated by YK Shintoku's properties goes to paying the 7.07% interest on the defaulted CMBS. Remaining operational cashflow goes to paying down the CMBS.<br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69071210462293139492011-05-14T16:12:38.128+08:002011-05-14T16:12:38.128+08:00Hi Ak,
thank you for ur ckarification.
However,b...Hi Ak, <br />thank you for ur ckarification.<br /><br />However,back to qn1 of my qn.<br /><br />According to saizen mgmt, they mention that the cmbs income has not been distribted as divendend.<br /><br />But i have analyse their report and found that all cash flow generated is distributed as dividend instead of what they have say above. (ath ¥100m/qtr is use to repay other bank loan)<br /><br /knoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36522214308495122432011-05-14T14:14:17.351+08:002011-05-14T14:14:17.351+08:00Hi K,
1. Income from YK Shintoku is not distribut...Hi K,<br /><br />1. Income from YK Shintoku is not distributable to unitholders as the CMBS is in default. The last two income distributions did not include income from YK Shintoku.<br /><br />2. I said this based on memory which is not totally reliable. Thanks for asking this question as I went back to one of my earlier blog posts <a href="http://singaporeanstocksinvestor.blogspot.com/2010/05/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45300456178629292252011-05-14T10:29:30.784+08:002011-05-14T10:29:30.784+08:00Hi AK,
Few questions to ask you :
1)They have me...Hi AK,<br /><br />Few questions to ask you :<br /><br />1)They have mention that the cash generated from YK Shintoku has not been distribute for dividend. But according to the Statement of distributable income from operation, they have remitted all the cash generated. Am i right. <br /><br /><br />2)How do you derive your increase of 10% in dividend from clearing of YK Shintoku loan.<br /><br />3Anonymousnoreply@blogger.com