ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › C - C v
CapitaMalls Asia

CapitaMalls Asia

Thread Rating:
  • 3 Vote(s) - 2.33 Average
  • 1
  • 2
  • 3
  • 4
  • 5
egghead Offline
Senior Member
****
Posts: 692
Threads: 1
Joined: Dec 2010
Reputation: 7
#171
14-04-2014, 03:01 PM
Totally caught by surprise but not a bad outcome for me. The offer of $2.22 is conditional upon getting 90% acceptance less $0.0175 dividend.
Find
Reply
opmi Offline
Posting Freak
*****
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation: 25
#172
14-04-2014, 03:05 PM
Just when the malls are getting matured.....another example of misalignment of interests when substantial shareholders make
an Offer..
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Find
Reply
kikababoo Offline
Member
***
Posts: 120
Threads: 2
Joined: Jan 2014
Reputation: 1
#173
14-04-2014, 03:11 PM
(14-04-2014, 03:05 PM)opmi Wrote: Just when the malls are getting matured.....another example of misalignment of interests when substantial shareholders make
an Offer..

nth much we can do abt that though.
Find
Reply
Temperament Offline
Posting Freak
*****
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation: 17
#174
14-04-2014, 03:16 PM
My wife and i have been allotted one lot each since IPO. What's the IPO price again?
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.
Find
Reply
kbl Offline
Senior Member
****
Posts: 536
Threads: 11
Joined: Sep 2012
Reputation: 5
#175
14-04-2014, 03:27 PM (This post was last modified: 14-04-2014, 03:30 PM by kbl.)
(14-04-2014, 03:16 PM)Temperament Wrote: My wife and i have been allotted one lot each since IPO. What's the IPO price again?

Hi Uncle Temperament,

Listing date- 25th Nov 2009

IPO Price-$2.12

http://www.sgx.com/wps/portal/sgxweb/hom...BQ4BVU1CB7
Not a call to Buy or Sell

Mr Bump: All I Can Smell Is My FEAR
Find
Reply
egghead Offline
Senior Member
****
Posts: 692
Threads: 1
Joined: Dec 2010
Reputation: 7
#176
14-04-2014, 04:05 PM
(14-04-2014, 03:05 PM)opmi Wrote: Just when the malls are getting matured.....another example of misalignment of interests when substantial shareholders make
an Offer..

To be fair, the market has hardly accorded CMA fair valuation since IPO.
Find
Reply
opmi Offline
Posting Freak
*****
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation: 25
#177
14-04-2014, 04:11 PM
(14-04-2014, 04:05 PM)egghead Wrote:
(14-04-2014, 03:05 PM)opmi Wrote: Just when the malls are getting matured.....another example of misalignment of interests when substantial shareholders make
an Offer..

To be fair, the market has hardly accorded CMA fair valuation since IPO.

I disagree.

what the value Mr Market give to CMA has nothing to do with its instrinsic value.

CMA can wait for the malls to mature and divest them to its REITs AND share the fruits with ALL shareholders.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Find
Reply
Temperament Offline
Posting Freak
*****
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation: 17
#178
14-04-2014, 04:11 PM
(14-04-2014, 04:05 PM)egghead Wrote:
(14-04-2014, 03:05 PM)opmi Wrote: Just when the malls are getting matured.....another example of misalignment of interests when substantial shareholders make
an Offer..

To be fair, the market has hardly accorded CMA fair valuation since IPO.
Ya lol! i have been wondering why too. Now Capitaland takes action then what?
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.
Find
Reply
egghead Offline
Senior Member
****
Posts: 692
Threads: 1
Joined: Dec 2010
Reputation: 7
#179
14-04-2014, 04:22 PM
I understand your point. I would have preferred to see value being realized like you suggested over time - that was why I keep CMA until now; but considering the interest rate environment and the need for REITs to make DPU accretive acquisition, I don't see that happening anytime soon.
Find
Reply
opmi Offline
Posting Freak
*****
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation: 25
#180
14-04-2014, 04:31 PM
(14-04-2014, 04:22 PM)egghead Wrote: I understand your point. I would have preferred to see value being realized like you suggested over time - that was why I keep CMA until now; but considering the interest rate environment and the need for REITs to make DPU accretive acquisition, I don't see that happening anytime soon.

CAPL own REITS is one of many potential buyers. e.g. SWFs, and insurance funds and pension funds dont need financing and dont have to make accretive acqs..

Watch out what CAPL will do with CMA assets in 2 years time...
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Find
Reply


Forum Jump:


Users browsing this thread: 10 Guest(s)