If thats the case, meaning Kassets holders kenot sell since not reflected in CDS account

Thanks!

Based on Mopster master's calculation, at current price of around 8.00:
For every 1000 shares of Kassets,
we are getting 2430 cash + 5240 reit, so it's about 30% of cash.
(8000-2430)/5240 = 1.06 per unit of reit
dpu 0.077, so at 1.06 gross yield is 7.26%.

Which means, for Kassets holders, they will have to leave 30% of their cash with 0% interest until end of March next year.
The good side is that 70% of their investment will be turn into IGBReit shares by Sept this year.

Wondering at what price the reit's IPO price would be. If it's lower than 1.06/unit, then we are sort of losing in a way to look at it.

Please correct me if I were wrong.

This post has been edited by yok70: Jun 27 2012, 12:43 AM

But if it doesn't re-invest the money, earning will drop in the next 2 to 3 years...

imo, it's better if they use the money to buy better properties and collect more rental

lol, me no master la.. more like xiaodidi..
~they are targeting opening price of RM1.00 per unit..
~yah.. imo, it's not worth getting it if above RM7.60...
~with offer price of RM1 per unit, the valuation is stretched to the ceiling already... the PNAV is at 1, with the average of MREIT at 1.03.. Furthermore, the PBR is also higher at 1.39 compared to 1.20 retail reit average...
~as for why we're getting the shares later: i think upon the listing of IGB Reit, Kasset is still the shareholder of IGBR, while we're still the shareholder of Kasset.. (meaning status-quo).. we'll become the official shareholder when Kasset distributes the shares a few weeks later. As for the cap reduction and repayment, it's likely that we'll get back the money earlier.. march 2013 imo is like the worst case scenario with court delays, bla bla...
~Unfortunately, IGB will not inject other properties like hospitality and office into IGBR, they will put those into separate reits in the future...

So more divvy for us Long term planning moppy gor.

Got the offer price for IGBReit already?

"proposed" offer price only.. it's not 100% confirmed... but i would say 90%

Sales proceeds is rm 40m, capital gain is also 40m ?

Zero Cost for Buildings .

Advance accounting method.

' AmanahRaya Real Estate Investment Trust (ARREIT) is disposing of the Wisma UEP building to Tenaga Nasional Bhd for RM40 million. '

This post has been edited by SKY 1809: Jun 27 2012, 10:32 AM

Paiseh. Typo error.
My accounting too advanced liau.

Mid Valley Reits is coming in September.

怡保花园房產信託料9月掛牌
財经 2012年6月26日

（吉隆坡25日讯）隨著怡保花园房產信託（IGBREIT）上市议案在股东特別大会获得通过后，怡保花园（IGB，1597，主板產业股）管理层表示，怡保花园房產信託预计在今年9月掛牌。

怡保花园週一举行股东常年大会后，就怡保花园房產信託上市计划，召开特大寻求股东的通过，而多数股东投支持票。

按照现有计划，怡保花园持有75%股权的科技资產控股（KASSETS，6653，主板產业股），將把旗下的谷中城（Mid Valley）及The Gardens购物商场卖给怡保花园房產信託。在这之后，科技资產控股將会除牌，而怡保花园房產信託则择日上市。

一名小股东向《东方財经》透露，虽然多数小股东对上述上市计划没有异议，但他们依然希望管理层能够解释，是项计划將如何令小股东从中受惠。

作为这项计划的投资顾问，联昌国际投行代表在大会中表示，怡保花园房產信託上市將会释放旗下两项零售资產的价值，即谷中城及The Gardens购物商场。

怡保花园將从2方面获利

同时，怡保花园股东亦能间接受惠，按照持股比例，获得怡保花园房產信託发出的保留单位。其中一名小股东补充，完成上述计划后，怡保花园將从2方面获利。

第一，怡保花园的股息收入將显著提高。目前，怡保花园持有科技资產控股的75%股权，而后者的派息比例是15%。相形之下，怡保花园房產信託上市后，怡保花园將持有51%的股权。儘管如此，前者上市后首2年的派息率却会高达100%。

第二，谷中城及The Gardens购物商场被注入房產信託后，才能最大程度的释放潜在价值。有一名小股东建议，怡保花园应考虑让股东以100：10比例，认购怡保花园房產信託的保留单位。按现有计划，怡保花园股东每持有100股，便能获得房產信託的8个单位。

联昌国际投行代表说，「若把分配信託单位的比例调整至100：10，怡保花园房產信託的保留单位將佔总额的超过5%，违反房產信託的上市条例。」

儘管如此，这项议案最终还是获得股东的通过。

怡保花园董事经理陈俊明隨后向记者表示，在股东点头之后，下一步便是等待证券监督委员会的批准，然后便能在今年9月上市。

Would you think RM1.40 for Tower REIT a good entry point for long term investment ?

We must remember Mid-Valley in Malaysia is one of the prominent retails mail in Malaysia.With Sp Setia development around Mid-Valley ..Near and Long term , it will benefit this IGB reit..

But the occupancy rates of the Megamall and the Gardens are over 95% I think. And the car parks are certainly very full. Unless there is room for expansion...

starts dropping. good! wait for you at 7.50, then 7.40.

Near 99-100% occupancy rates means it is the time to get a higher rental rate

Now Amfirst drop to 1.150. Maybe right issue effect? Wonder will it drop further? Waiting to sapu.

I got QCAPITA, AMFIRST, SUNREIT and PAVREIT under my portfolio...planning to add IGBREIT...hopefully can get it around RM1
From these, seems that retail REITs have higher chance for capital appreciation aside from dividends

This post has been edited by funnybone: Jun 28 2012, 10:14 AM

What price to start sapu ?

I sapu my AMFIRST at 1.13 previously....would not want to go higher than that now

Not sure now. Before that try to sapu at 1.150. But after right issue comeout and some bro here said will drop further if right issue start trading.

So I guess 1.150 is not good buy anymore. Now strong buying at 1.130. Will wait till right issue trading and see how.

AMFIRST Rights Issue price is RM0.83 ... to exercise or not ?