ARA Asset Management

[peterlynch]

that should be good news but share price has dropped from 1.60+ to 1.39. why? ara has no business in europe.

[Contrarian]

> How will the listing impact current Ara SHAREHOLDERS?

The listing of the new REIT means ADF I cash out. According to an earlier DBS vickers report, performance fee estimated by mgt is around S$80M. That's more than 1 year earnings.

I am expecting mgt to keep a little cash and issue a bumper bonus dividend :-)

[Nick]

that should be good news but share price has dropped from 1.60+ to 1.39. why? ara has no business in europe.

Until the prospectus is out, I don't think we should get our hopes up. A weak market will make it difficult for ARA to launch IPOs. As Contrarian mentioned, the performance fees from ADF divestments will be huge if the IPO comes true. An exit strategy for ADF 1 may also help in getting more capital for ADF 2.

[peterlynch]

thanks guys. I have always liked ARA. one of the best Singapore companies around. but dividends a bit low.

[Salty]

Beside performance fees, the iPo would bring recurring income from management fees.
Listing the iPo would get them another fee?

Unlocked capital may move to dragon 2?

As Mr Lim target is 2billion aum per year, I strongly believe this iPo will be launched this year.

Yay for the special money soon

[peterlynch]

how much special money can we expect?

[Nick]

how much special money can we expect?

CIMB made some estimations in their Aug 2011 report - http://advantagepath.blogspot.com/2011/0...ts-in.html

[Salty]

DJ MARKET TALK: ARA Asset Likely In Focus; Block Share Sale Planned -Source (2012-07-04 00:58:00)

0058 GMT [Dow Jones] ARA Asset Management (D1R.SG) is likely in focus after a person with knowledge of the deal said two major shareholders are seeking to sell 76 million shares in a block deal. ARA CEO John Lim, via his wholly owned JL Investment, and Cheung Kong Investment, a Cheung Kong (0001.HK) unit, plan to sell the shares at S$1.42 each, a 2.7% discount from Tuesday''s S$1.46 close, the person said. A U.S. long fund agreed to take up a major portion of the shares, the person added, without identifying the investor. An analyst notes S$1.42 is the upper end of the price Lim paid for share buybacks recently, indicating he will make a profit on those shares. The analyst notes over the past few years, Lim and Cheung Kong had accumulated quite a large stake and the selloff may be positive; while it could also be viewed negatively, the U.S. fund''s takeup would counter that, the analyst says. S$1.42 may support any declines, while the S$1.48 recent peak may cap any gains. (leslie.shaffer@dowjones.com)

[KopiKat]

DJ MARKET TALK: ARA Asset Likely In Focus; Block Share Sale Planned -Source (2012-07-04 00:58:00)

0058 GMT [Dow Jones] ARA Asset Management (D1R.SG) is likely in focus after a person with knowledge of the deal said two major shareholders are seeking to sell 76 million shares in a block deal. ARA CEO John Lim, via his wholly owned JL Investment, and Cheung Kong Investment, a Cheung Kong (0001.HK) unit, plan to sell the shares at S$1.42 each, a 2.7% discount from Tuesday''s S$1.46 close, the person said. A U.S. long fund agreed to take up a major portion of the shares, the person added, without identifying the investor. An analyst notes S$1.42 is the upper end of the price Lim paid for share buybacks recently, indicating he will make a profit on those shares. The analyst notes over the past few years, Lim and Cheung Kong had accumulated quite a large stake and the selloff may be positive; while it could also be viewed negatively, the U.S. fund''s takeup would counter that, the analyst says. S$1.42 may support any declines, while the S$1.48 recent peak may cap any gains. (leslie.shaffer@dowjones.com)

This one?,

09:02:20 1.420 13,440,000 X
09:01:37 1.420 31,360,000 X

[Salty]

Seems like so.
The announcement on sgx also shown that Cheung Kong has sold below the 15% holdings mark.