Qcapital is e-dividend.

Check back previous old post, whereby the IGBreit issue is discussed before.

Proposed price is not yet known, the time frame of listed is not yet confirmed. Just there is already proposal to list it already.

There is no such thing Rm1.xx is fair price or not.
It is about one willing to buy it or not, based on its yield, and risk exposure.

Look at
1. Yield
2. Type of property, location.
3. Lease - long term or short term. When is the lease expired, chance of renewal etc. aka stability in lease.
4. Gearing - as refinancing ability and cost is very important for reit for refinancing its borrowing. So level of gearing also need to look at.
5. Management - property need good management to keep in good shape and attract tenant while good managed property can fetch better yield.

Please look forwards instead looking backward.
Previous record is only good to be referred, if the property lease still the same, or all condition remain the same.
Some reit may undergo restructuring like Stareit, whereby the portfolio of property has changed, so previous record is not a good indicator to show how future yield will be.

Highest and lowest.
Because until now, it is only one reit that with mostly hospitality properties.
Other mostly office space, or mall or industrial.

Me not yet receive.

There is no auto-conversion based on the proposal.
They will give you IGB reit shares as dividend in specie + capital repayment (which you do not need to fill up the form), while Kaaset will be delisted afterwards.

If do not wish to pay for the right issue, one can sell off the renounceable right issue. It should worth at least some money, as right worth will be around the differentiate between the right issue pricing with the market price.

Sell it to open market, just like ordinary stock traded out there.
There will be a counter code name something like AMfirst-OR once the renounceable right can be traded time, which generally last about 1-2 week.

You do not need to sell your existing Amfirst.

Advantage -
Company has more money to invest in new property in return more income, more diversify.
Reduce company gearing.

Disadvantage
Earning may be diluted due to more shares afterwards, but if earning can improve due to right issue (more newer properties more income), or reduce the interest on borrowing, the dilution may not noticeable.
While if newer properties generate strong income, one may not see the dilution at all, instead better earning.

It is not fixed,
it is traded like ordinary stock, so price can up and down.

No, with AMfirst-OR, you are entitled to buy the right issue at Rm0.83. (assume the right issue is at RM0.83)

AMfirst-OR worth = Market price of AMfirst on the particular day - RM0.83. So probably you see some discount about 5-10% of AMfirst worth in the market price of AMfirst-OR when it is traded time.

AMfirst-OR doesn't automatically converted to Amfirst after 2 week.
You need to fork out or pay the RM0.83 before it is converted.

If you do not exercise it aka pay Rm0.83, after the last day of RI being exercise, Amfirst-OR is worth nothing, as AMfirst-OR will be delisted after 2 week.

Just buy a banker cheque, and send out together with the form.

It depended on buyer and seller willingness.

For eg. If Amfirst after ex-right issue is RM1.03 (take current price (1.16 x 5) + (0.83 x 3)
AMfirst -OR worth is around Rm0.20, of high probably market price for -OR will be around RM0.10~0.15, which movement of -OR will be high correlated to the Amfirst pricing.

Whether they are competitor or not, it doesn't deter one to own both or many.

There is no reason, why shouldn't buy more than 1 reit from a single sector.
From investor pov, having more -> diversify.
Some sort of diversification is always preferred to manage the risk.

Also, even they are from same sector, they may not competing with each other.
For eg.
CMMT's mall is not directly competing with Sunreit, their property is situated at different location.

Around 4.x cents.

The right issue "right" start trading has nothing to do with the mothershare.

The newly share issued from the right issue is not yet done.
It is trading of the right start tomorrow.

Yes

Amfirst-TR price = mothershare price - 0.83

Throw at 1.02, get the money,

then buy Amfirst-TR at 0.17 + 0.83 = 1.00, still can gain 0.02 for every share.

So if I were a fund manager that holding millions of stock, why not, can gain 0.02 for every share, if done 1 million share, after deduct brokerage, still can gain roughly 10k.

That's why you see huge Q at AMfirst-TR at lower price while high sell Q in Amfirst mothershare.

Qcapital DPU is expected to be around 8 cents pa.

Fair price? Judge your own.
I don't have this term in my dictionary in investing.
Just whether worth or not worth to own based on individual view.

I particularly like one of its properties portfolio which is Tesco Penang. Long term lease and at a prime location.

This post has been edited by cherroy: Jul 14 2012, 12:40 AM