02-09-2017, 11:40 PM
Reviving this thread,.....
1) Back in June 19th. this year, there was a private placement done when The Plaza was acquired.
2) Now, in beginning-September, as the mgr is abt to acquire another property, called, in short, The Exchange, there will be a Rights Issue,details of which have been announced this morning.
Press Release : http://infopub.sgx.com/FileOpen/MUST%20-...eID=469422
Detailed Document : http://infopub.sgx.com/FileOpen/MUST%20-...eID=469421
Skimmed through the documents today,... and of all the infos provided, the one disturbing piece if we look at Page 22 of the above detailed document,... which says :-
Based on Proforma Financial Effects using FY2016 for comparison, the DPU will drop from the actual 3.55 US Cts to 3.41 US Cts post-acquisition of The Exchange..
Did I miss something, or have I not considered some other details which may have rendered the resultant DPU more than 3.55 Cts after acq ? A lower DPU after this acquisition is not healthy for unitholders,...
1) Back in June 19th. this year, there was a private placement done when The Plaza was acquired.
2) Now, in beginning-September, as the mgr is abt to acquire another property, called, in short, The Exchange, there will be a Rights Issue,details of which have been announced this morning.
Press Release : http://infopub.sgx.com/FileOpen/MUST%20-...eID=469422
Detailed Document : http://infopub.sgx.com/FileOpen/MUST%20-...eID=469421
Skimmed through the documents today,... and of all the infos provided, the one disturbing piece if we look at Page 22 of the above detailed document,... which says :-
Based on Proforma Financial Effects using FY2016 for comparison, the DPU will drop from the actual 3.55 US Cts to 3.41 US Cts post-acquisition of The Exchange..
Did I miss something, or have I not considered some other details which may have rendered the resultant DPU more than 3.55 Cts after acq ? A lower DPU after this acquisition is not healthy for unitholders,...