Lippo Malls REIT (LMIR)

[corydorus]

Hit on Lippo after investigation for some period of time in Feb'17. The dividend returns are good enough to mitigate and ride on.

http://corylogics.blogspot.tw/2017/02/co...-2016.html

Is Gem less any integrity concern. So do need to watch.


To add further, there is some income support currently which expires before year end.


Cory

[laksaman57]

http://research.sginvestors.io/2017/06/l...8.html?m=1

[laksaman57]

https://www.fool.sg/2017/08/31/lippo-mal...sentation/

[laksaman57]

http://www.businesstimes.com.sg/companie...ghts-issue

[laksaman57]

http://www.businesstimes.com.sg/companie...ghts-issue

Potential right issuance !

[Ray168]

http://www.businesstimes.com.sg/companie...ghts-issue

Potential right issuance !

A Bloomberg report on Oct 23 said that LMIR Trust was considering a rights offering to raise around S$500 million to "fund acquisitions and reduce debt", quoting sources familiar with the matter.

Fund for acquisitions (accredited purchase) is OK
Fund for reducing debt is No-no.

[opmi]

in the lifecycle of REITs, equity raising to reduce debt is a given, sooner or later...

[laksaman57]

https://www.theedgesingapore.com/lippo-m...-086-cents

DPU hold steady at 0.86cts

[laksaman57]

Revised TP 46cts

http://research.sginvestors.io/2017/11/l...6.html?m=1

[whlplkps]

$Lippo Malls Tr(D5IU.SI) This company keeps diluting existing shareholders with their annual performance fee and management fee.

Sponsor keeps disposing non-accretive/barely accretive assets to the REIT

Regarding the upcoming EGM to vote on the whitewash resolution to waive shareholders' rights to receive mandatory offer from the Sponsor (Lippo Group) as upon the receipt of their annual fees in shares, they will cross the 30% shareholding threshold which would require them to provide a mandatory general offer to all shareholders.

Am going to vote against the resolution and force Sponsor to make a mandatory offer instead of continuing to dilute existing shareholders year on year