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The aggregate leverage ratio of Keppel REIT on a pro forma basis (based on Keppel REIT’s unaudited financial results as at 30 June 2013) will be reduced from approximately 44.2% to approximately 43.9%.
I was initially speculating a major rights issue exercise was going to take place with the trading halt especially with Keppel Corp paring down its stake via dividend in species to its shareholders. Guess I was wrong. The small discount to current market price is favourable to current unit-holders. They say the M&A will still be DPU accretive.
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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Temasek sells stake in K-REIT for $125 mil
Singapore state investor Temasek Holdings has sold its entire direct stake in property firm Keppel Reit (K-REIT) for around $125 million, the Business Times reported.
Temasek’s share sale works out to be a stake of 3.74% in the property firm which it had received as part of a dividend distribution from Keppel Corp, the paper said citing sources.
http://www.theedgesingapore.com/the-dail...5-mil.html
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Yesterday's sell down is due to Temasek?
No wonder the volume went up so much. I was wondering what's going on.
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Holding very well at this level. Bottom ?
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Most REITs should have already found their bottom. Keppel Reit is on my watchlist but not vested as my allocation for Reits is already maxed. Holding FCOT for commercial exposure.
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The financing for the 50% A$ 165m Perth project is not revealed yet. Right issue or share placement ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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Placement seems like the in thing now, good luck to those vested
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25-11-2013, 01:27 PM
(This post was last modified: 25-11-2013, 01:29 PM by opmi.)
(25-11-2013, 12:24 PM)felixleong Wrote: Placement seems like the in thing now, good luck to those vested
get money before the windows closed. both for REIT IPOs and old REIT rights/placement.
Thats why I feel that 'Asian Blackstone' wannabe is behind the curve on the REIT thing.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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