Reference price revised downward to 0.88sen for retailer which mean you will receive a refund of 9sen by check.

Share will be deposited to your CDS account where you supply in the M2U during application. Question is did you provide CDS information in the first place ?

anyway to check the status of CDS account? or we have to go through the broker to check whether the shares have been credited to our CDS account?

Yes, my CDS account is there. This is not the first time I subscribe the IPO thru Maybank2u. I never face this problem before.

If you did supply your CDS account during application then you need to check with yr broker/remisier whether shares have been credited else check using your online trading platform.

---

Added on July 9, 2010, 4:49 pmMost direct way is to check with MIDF and see is your application sucessful.

This post has been edited by smartly: Jul 9 2010, 04:49 PM

This is bulls#t,
14 days?
Whether successful or not, already known prior before the listing.

You should be successful in getting in, as the IPO is not overly subscribed. 1.0x subscription rate aka only a small portion (0.0x%) won't get it.
or there is some technical issue that resulted your application being rejected

Strange... I can see the share in my portfolio before it list, if the application success, also the m2u will show the successful amount... You see nothing?

If it is rejected, it will auto transfer the $ back to my bank account. But it doesn't. The technical issue u mean is on Maybank or the IPO?
So I have to wait for 14 Days again? Then only call back to maybank to check?

Yes, I am very confirm it is not in my share portfolio. Even I try to sell it also cannot.

This post has been edited by wongck: Jul 9 2010, 05:08 PM

sned an email to MIDF and they should be able to feedback to you on your IPO status.

Even it is technical issue that resulted being rejected, the status whether getting the IPO should be clear either get or not.
Not the like in the limbo, don't know.
I would say it is handled unprofessionally.

Try to call your broker or broker that you apply the IPO, they are the one responsible and only can help you.
I don't know whether you are using nominee account or not. But if it is under nominee, MIDF might be helpless in your issue as well (I am not sure in this issue), as your name won't appear under the shareholders list.

DELETED

This post has been edited by SKY 1809: Jul 9 2010, 08:06 PM

just received a notice from MIDF saying that my application for SUNREIT is successful, but still no refund of the balance....probably next week.

Just some queries........since STAREIT had sold off it's 2 most valuable properties that had given STAREIT good rental income, I wonder if there's any MORE dividend TO BE DECLARED for the coming months.


How is STAREIT going to pay the shareholders the next dividend with these 2 properties gone? Yes, STAREIT is going to have the NEWLY ACQUIRED Japan Resort in it's property portfolio but is there rental coming from this Japan property? No new news from the STARREIT board yet....wonder why too?


Just my worry!




Cheers.

This post has been edited by monkeyking: Jul 11 2010, 05:38 AM

They have until Sept to finalise the rationalisation proposal. (if not mistaken the time frame).

The properties disposal will only finalised after 3Q, so for the financial result until 1 half 2010, DPU should be around 3.x cents as well, identical to previous H.

THe injection of properties is not completed, Japan resort is the first one, and should be follow several new properties. Those properties should be replacing the income of Lot10 and Starhill. The acquired properties should be contributing to the reit income as soon as after the injection, as those properties are operating currently one.

But in between the gap of disposal and new properties injection, expect some period without much income for the reit.

From my personal view, the manager is slow to inform reit holders about the situation, especially the new target properties injection (which is primary info reit holders need to know), but market roughly guess several already.

This post has been edited by cherroy: Jul 11 2010, 10:44 AM

From your post cherroy, Is it a good idea to dispose off what ever lots i am holding now to other greener pasture?

This post has been edited by Neonlight: Jul 11 2010, 11:16 AM

Thank you brother cherroy for your quick reply......really appreciate it. Yes, that means to say there will be no dividend for the 2nd half of 2010. That is to say we the share holders will be not getting anything until 2011. But actually since STAREIT had make some monetary gains from it's sale to Starreit Global {Singapore} , why not give the extra gains as a dividend to the Stareit shareholders for the year ending 2010.....if they do, I am sure this will make the shareholders a happier lot.


Cheers brother cherroy.

It depends on personal preference.

I am still holding it, as I believe yield should be around 7% as well with the new injection, so no point to dispose then the money being kept in FD that yield less than 3%. Also current reit market price is not high, if around 1.00 or near to NAV then may be considering.
Just my personal view, don't mean to recomment other to hold/buy/sell.

You got a point there brother Neonlight. As we all STAREITS shareholders are always looking forward to the dividends, we are really disappointed with the management with no announcements whatsoever & no dividend FORTHCOMING. .......ONE FINAL WORD ....POOR MANAGEMENT.


Maybe in time to come prospective buyers will think twice before picking STAREIT shares.......unless they come out with better dividend for 2011......just my 2 cents worth.



Cheers brother Neonlight.

No, there will still income from JW Marriot, Ritz Charlton, Japan resort, and newer properties injection should be completed before 4Q 2010, I would say expect some drop in dividend as there is gap between the disposal and injection of properties.
As Stahill and Lot 10 compeleted the disposal on June.

The realised capital gain and money proceed from it will be used to acquire/fund the newer properties injection, which has stated in the proposal.

While the disposal involved cash (600+ million) + Starhill Global convertible preference shares (400+ million), which carry 5.65% yield.

So Stareit by holding the convertible preference shares, still getting 5.65% income from it aka 400 mil x 5.65% = 20+ million interest income annual, or 10+ million for the 2nd half of 2010.

So it is not the like total no income.

Million thanks to you again brother cherroy for your valuable reply. Yes, this is some very good news which I don't get from the STAREIT website........brother cherroy, that means to say the STAREIT will be getting some income from STARHILL GLOBAL to be use later or included into our new next dividend. Perhaps for the 1st half 2011, STAREIT will announce a SPECIAL dividend of more than 7 cents to make up for the loss dividend for the short gap of loss dividend.


20+ million annual income from STARHILL GLOBAL is plenty of money for STAREIT. .......hopefully STAREIT will let us, the shareholders, benefit too.


Cheers brother cherroy.

Haha,if there is special dividend,i think i am better off holding till ex date then sell it to other better managed company