Incorrect.
BI won't decrease the cash, there is still same 15mil cash in the bank.

You only can issue BI when you have sufficient shareholder fund, aka retained profit or from share premium account. (share premium account arised from when you IPO time, let say your IPO price is Rm1.50, but you par value is Rm1, so you have RM0.50 registered into share premium account)

Company NTA = Company shareholder fund = Paid up capital + share premium account + retained profit.

So when you issued BI time, you deduct the retained profit or transfer the retain profit part become paid up capital only.

X = Market cap.

Please allow me for further exploration on this.
1. So BI's expenses derive from retained profit, the same case as when offering cash dividend?
2. When BI time, the company need to pay for per par value(1.00 in my example) or market value(1.50 in my example)?
3. In Balance Sheet, the retained profit does not sit under Cash column?
4. When a company IPO, is it possible that not all shares were purchased by investors? If that happened, what will happened to the rest of the shares?

axis private placement  issue price per unit is RM1.97

wah...early2 sudah untung..

Newbie.. here..

Looking buying some REITs in Malaysia..

Anyone care to share some good ones to invest for some years..?

what that means? mind tell more? thanks! 

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Added on September 14, 2010, 9:58 pm

Does anyone here know of the impending or proposed date for dividend of CapitaMalls Malaysia Trust (CMMT) since it's listing in July 2010....thank you all.
Is the CMMT forecast distribution per unit of 7.16 sen and 7.45 sen for FY10 and FY11?
Could it be around the dates of Al-AQAR KPJ, Bsdreit, Qcapita, Stareit, Twrreit, Uoareit distribution?
Cheers to all.

what that means? mind tell more? thanks! 

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Added on September 14, 2010, 9:58 pm

Here's a reit website that you can look into their financial reports and properties own through links from there.
http://mreit.reitdata.com/

I like Arreit and Hektar.
I also like Cmmt. But it's new and without any historical numbers to reference, and it's also the lowest yield reit at current price. But I see many people buying it. Maybe they are long for its growth potential.
If you are looking for growth potential, you may look into Axreit too. They grow all the time.

good luck! 

I don't know what date. Sorry.

I'm here to ask(curious to know), for you, do you mind to buy it with 6.8% yield as for today's price?

Thanks. man

Anyone can explain what is DPU?

At 6.8% yield, it's definately the 2nd lowest yield among all Malaysia Reits.......the lowest being Al-Hadharah Reit at around 5.8%. Moreover  CMMT is now trading at $1.07.....so definately the yield is going to be much lower than 6.8%......if the price keeps going up, then I am confident it will fall to the bottom of the yield list.     So, in my honest opinion, it's not worthwhile to pick up CMMT shares.
For me, I still love my StarHill, QCapita, AmFirst & Arreit........& not forgetting AlAqar Reits too.
Cheers to all.

Any one of you here received your Q-Capita divvy with payment date of 30 Aug?  I have not received mine... 

ya. so expensive, hesitate to buy even though got high hope for their management.
however, i think very difficult to drop big in price though. Since for institutions, they need to buy big lots, which other small reits tak ada enough quantity. 

Any one of you here received your Q-Capita divvy with payment date of 30 Aug?  I have not received mine... 

At 6.8% yield, it's definately the 2nd lowest yield among all Malaysia Reits.......the lowest being Al-Hadharah Reit at around 5.8%.

Received already.

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Added on September 16, 2010, 10:44 amFor CMMT, I like it very much.
But 6.8% gross yield, somehow very difficult and little non-attractive, as we need to take the net yield as real yield.
Unless the witholding is scrapped in next month budget, which has been lobbying by reits industry for years (which I don't think have high chance), then 6.8% net yield seems attractive.

IMHO, I think another plus for stocks like CMMT/SUNREIT would be its comparatively higher trade volume because of their size. Means that if one want a more liquid REIT don't mind sacrificing the net yield, these are the ones to go for.

Stareit also is another one has high liqudiity, a forgotten reit recently.

mind to ask the development of Stareit ?
has everything (RPT) completed ?