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Lippo Malls REIT (LMIR)

Lippo Malls REIT (LMIR)

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cyclone Offline
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#21
15-05-2012, 02:00 AM
Afterthought :
I have a piece of land but I do not have the money to build a mall on the land. I let AAA to build and operate the mall for 30 years. By the BOT expiry date, if I let AAA to operate the mall again, when do I get my share of profit ? So the chance of renewal must be very low, or AAA will have to pay me very much.
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FFNow Offline
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#22
15-05-2012, 09:15 AM
(15-05-2012, 02:00 AM)cyclone Wrote: Afterthought :
I have a piece of land but I do not have the money to build a mall on the land. I let AAA to build and operate the mall for 30 years. By the BOT expiry date, if I let AAA to operate the mall again, when do I get my share of profit ? So the chance of renewal must be very low, or AAA will have to pay me very much.

The contractual fees/renewal fees are the profits? For HGB title of MRCCC, First REIT only renewed for $28k if I'm not wrong. Will that be the case for BOT as well?
Visit my personal investing blog at http://financiallyfreenow.wordpress.com now!
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cyclone Offline
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#23
15-05-2012, 09:34 AM (This post was last modified: 15-05-2012, 09:39 AM by cyclone.)
(15-05-2012, 09:15 AM)FFNow Wrote:
(15-05-2012, 02:00 AM)cyclone Wrote: Afterthought :
I have a piece of land but I do not have the money to build a mall on the land. I let AAA to build and operate the mall for 30 years. By the BOT expiry date, if I let AAA to operate the mall again, when do I get my share of profit ? So the chance of renewal must be very low, or AAA will have to pay me very much.

The contractual fees/renewal fees are the profits? For HGB title of MRCCC, First REIT only renewed for $28k if I'm not wrong. Will that be the case for BOT as well?

It should be so. The contractual fees/ renewal fees / or the assets transferred should be a mean to make a profit for the BOT grantor.
What I want to emphasize is that BOT contracts are not HGB title. There are different kind of land titles in Indonesia, one of them is HGB. The land I possess should have one of the different kind of land title. If the land title is HGB, I should renew the title after a period of time, usually 20 years.

If you are interested in LippoMalls, you should write to them, ask what will happen to the malls after BOT expiry date. Can the right to operate the malls be renewed from BOT grantor ? If yes, what is the fees ? I do not believe it is in the sum of hundreds of thousands of dollars only.
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freedom Offline
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#24
15-05-2012, 04:39 PM (This post was last modified: 15-05-2012, 04:40 PM by freedom.)
BOT explains quite clear already.

Build Operate Transfer. After expiry of BOT, everything should be transferred to the original owner. Can the BOT be renewed? I am not sure(what does renew even mean? at most O is renewed, T is postponed). The continuation of operating the mall could be a different contract from BOT.


my own interpretation only. please feel free to correct
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KopiKat Offline
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#25
10-10-2012, 09:38 AM
PROPOSED ACQUISITIONS

Proforma Impact : Slight Drop in DPU, No Change in NAV (Properties at Discount to Valuations), Increased Gearing Rolleyes


<Not Vested>
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
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Share Investor Offline
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#26
10-10-2012, 02:52 PM
(10-10-2012, 09:38 AM)KopiKat Wrote: PROPOSED ACQUISITIONS

Proforma Impact : Slight Drop in DPU, No Change in NAV (Properties at Discount to Valuations), Increased Gearing Rolleyes


<Not Vested>

How does unitholders benefit? Isn't it better to not have the acquisitions then? Huh
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propertyinvestor Offline
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#27
11-10-2012, 09:55 AM
Haha, all those who believe in Riady and indos will die pain pain! Big Grin
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Temperament Offline
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#28
11-10-2012, 11:46 AM (This post was last modified: 11-10-2012, 11:50 AM by Temperament.)
We should listen to all but only believe in ourselves. If not, we will never succeed in anything.TongueBig Grin
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Share Investor Offline
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#29
24-10-2012, 10:18 AM
More acquisitions...but DPU never increase. Huh
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money Offline
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#30
24-10-2012, 03:05 PM
Isnt it unfair that the reit manager charge a 1% fee for acquisition when it doesnt really benefit shareholders?
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