OUE (formerly: Overseas Union Enterprise)

[safetyfirst]

COngrats to OUE for selling REITs to suckers. OUE shareholders can expect a bumper special dividend. Riady likely to dig money out from OUE by way of dividends as his holding company Fortune Code is quite leveraged.

Hi PI, actually i dont understand why there are so many suckers around. I think it was something like more than 15 times oversubscribed, cant believe it man!

The only reason why the rich tycoons will sell their malls or hotels is obviously they can sell it at a good price and many of these suckers think they can benefit by being a buyer. So sad, so silly

[propertyinvestor]

COngrats to OUE for selling REITs to suckers. OUE shareholders can expect a bumper special dividend. Riady likely to dig money out from OUE by way of dividends as his holding company Fortune Code is quite leveraged.

Hi PI, actually i dont understand why there are so many suckers around. I think it was something like more than 15 times oversubscribed, cant believe it man!

The only reason why the rich tycoons will sell their malls or hotels is obviously they can sell it at a good price and many of these suckers think they can benefit by being a buyer. So sad, so silly

I bought loads of OUE shares today. Riady is laughing to the bank. OUE can disregard their 47% stake in OUE H TRUST....it will probably grow back to above 50% after taking into account management fees and variables.

I went to other forums and saw the most ridiculous postings comparing SPH Reit and OUE H trust like apples and apples. OUE should have further allocated more shares to satisfy the huge public demand and pare down their stake to 30%!

[CityFarmer]

OUE posts 36% lower Q2 net profit of $14.6 mil

Overseas Union Enterprise, the integrated property developer, said it posted 35.8% lower year-on-year net profit of $14.6 million for the three months ended 30 June 2013 (2Q 2013).

This was the result of lower contribution from 6 Shenton Way and an increase in administrative expenses due to higher legal and professional fees and headcount cost.

Revenue grew 16% to $112 million in 2Q 2013.

http://www.theedgesingapore.com/the-dail...6-mil.html

[Gallen]

interim dividend 1 cent
special dividend 20 cents (maximum that they could have paid was 22 cents)

[propertyinvestor]

Looks like No 6 Shenton Way and 1 Raffles Place are good properties to be chucked into a OUE Commercial REIT

[PkNanas]

interim dividend 1 cent
special dividend 20 cents (maximum that they could have paid was 22 cents)

What govern the maximum dividend a company can pay?
Is this the reason why company have to choose for Capital Reduction over dividend?

[Gallen]

interim dividend 1 cent
special dividend 20 cents (maximum that they could have paid was 22 cents)

What govern the maximum dividend a company can pay?
Is this the reason why company have to choose for Capital Reduction over dividend?

maybe I should say the maximum they were prepared to pay was 22 cents based on 50% of the proceeds from the trust listing less the debt to be repaid.

[propertyinvestor]

interim dividend 1 cent
special dividend 20 cents (maximum that they could have paid was 22 cents)

What govern the maximum dividend a company can pay?
Is this the reason why company have to choose for Capital Reduction over dividend?

maybe I should say the maximum they were prepared to pay was 22 cents based on 50% of the proceeds from the trust listing less the debt to be repaid.

The debt under OUE H Trust has no recourse to OUE. So they could have paid out 100% of the net proceeds received from selling out OUE H Trust to the public.

[felixleong]

interim dividend 1 cent
special dividend 20 cents (maximum that they could have paid was 22 cents)

What govern the maximum dividend a company can pay?
Is this the reason why company have to choose for Capital Reduction over dividend?

max dividends a company can pay is all their earnings + previous retained earnings

if go beyond what is earned then capital reduction is used to pay out cash, generally capital reduction is not commonly used since its requires court approval

the following information is base on what i understand, may not be fully accurate

[Gallen]

interim dividend 1 cent
special dividend 20 cents (maximum that they could have paid was 22 cents)

What govern the maximum dividend a company can pay?
Is this the reason why company have to choose for Capital Reduction over dividend?

maybe I should say the maximum they were prepared to pay was 22 cents based on 50% of the proceeds from the trust listing less the debt to be repaid.

The debt under OUE H Trust has no recourse to OUE. So they could have paid out 100% of the net proceeds received from selling out OUE H Trust to the public.

true, but they communicated that they will pay up to 50% of the net proceeds less debt to be repaid.