ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › L - L v
Lippo Malls REIT (LMIR)

Lippo Malls REIT (LMIR)

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
cyclone Offline
Administrator
*******
Posts: 3,176
Threads: 630
Joined: Sep 2010
Reputation: 26
#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.
Website Find
Reply
FFNow Offline
Member
***
Posts: 422
Threads: 25
Joined: Sep 2010
Reputation: 3
#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!
Find
Reply
cyclone Offline
Administrator
*******
Posts: 3,176
Threads: 630
Joined: Sep 2010
Reputation: 26
#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.
Website Find
Reply
freedom Offline
Posting Freak
*****
Posts: 2,113
Threads: 19
Joined: Dec 2010
Reputation: 5
#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
Find
Reply
KopiKat Offline
Tikam Buddy
*****
Posts: 1,889
Threads: 5
Joined: Feb 2011
Reputation: 15
#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 ------------
Find
Reply
Share Investor Offline
Member
***
Posts: 182
Threads: 4
Joined: Aug 2012
Reputation: 0
#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
Find
Reply
propertyinvestor Offline
Posting Freak
*****
Posts: 1,119
Threads: 16
Joined: Jan 2012
Reputation: 0
#27
11-10-2012, 09:55 AM
Haha, all those who believe in Riady and indos will die pain pain! Big Grin
Find
Reply
Temperament Offline
Posting Freak
*****
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation: 17
#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.
Find
Reply
Share Investor Offline
Member
***
Posts: 182
Threads: 4
Joined: Aug 2012
Reputation: 0
#29
24-10-2012, 10:18 AM
More acquisitions...but DPU never increase. Huh
Find
Reply
money Offline
Member
***
Posts: 486
Threads: 1
Joined: Dec 2010
Reputation: 6
#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?
Find
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)