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 REIT V3, Real Estate Investment Trust

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yong417
post Oct 17 2011, 08:55 PM

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anyone knows about AMFIRST right issue? unsure.gif

seems like no news after the announcement few months back....
yong417
post Oct 18 2011, 07:59 PM

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QUOTE(yok70 @ Oct 18 2011, 05:19 PM)
Will you choose the re-investment plan?
Please correct me if i was wrong.

From this 4.3 sen,
1.10 sen must be in cash,
2.10 sen can be either in cash, or to re-invest (partly, or in full).

re-invest:
can buy new units at RM2.30/unit, with 1 sen of dividend + extra money RM2.29.
and the remaining 1.10 sen in cash.

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And I'm blur now. I must be wrong somewhere. Since if the above is correct, it should be rather:
1. 2.20 sen in cash
2. remaining 1 sen can be used to re-invest by adding RM2.29 to buy 1 unit.

Please enlighten me.  notworthy.gif
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Based on my understanding la.... the share(unit)holders can opt to: (correct me if i m wrong notworthy.gif )

Option 1

Take cash of 4.30 sen per unit (in which 4.20 sen is subject to w/h tax, and 0.10 sen is not taxable)

i.e. for resident individual, he will get 3.88 sen nett per unit...


Option 2


Choose to reinvest 2.10 sen (in which 2.00 sen is subject to w/h tax, and 0.10 sen is not taxable)
and
take the remaining of 2.20 sen (taxable) in the form of cash

i.e. for resident individual,
a) nett reinvestment amount is 1.90 sen nett per unit
b) nett cash received is 1.98 sen nett per unit



Option 3


Choose to reinvest 1.00 sen (taxable)
and
take the remaining of 3.30 sen (in which 3.20 sen is subject to w/h tax, and 0.10 sen is not taxable) in the form of cash

i.e. for resident individual,
a) nett reinvestment amount is 0.90 sen nett per unit
b) nett cash received is 2.98 sen nett per unit



either option 2 or option 3, the unitholder will have odd lot after the reinvestment...


Added on October 18, 2011, 8:05 pm
QUOTE(xjeez @ Oct 18 2011, 07:19 PM)
AMFirst income distribution 4.48 cents  unsure.gif
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QUOTE(smartly @ Oct 18 2011, 07:26 PM)
Less than previous one.
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yalor...its income drop abit.... haiz

anyway, i think it's still a good counter as the main tenant is a bank...haha.. payment guarantee biggrin.gif

seems like not much discussion in this counter de?


This post has been edited by yong417: Oct 18 2011, 08:05 PM
yong417
post Oct 19 2011, 07:49 AM

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QUOTE
The Board has determined that the IDRP will apply to the Third Interim Income Distribution, in which the gross electable portion of 2.10 sen per unit out of the Third Interim Income Distribution of 4.30 sen per unit (of which 2.00 sen per unit is taxable and 0.10 sen per unit is non-taxable in the hands of unitholders) (“Electable Portion”) can be elected to be reinvested in new units and the remaining portion of 2.20 sen per unit (which is taxable in the hands of unitholders) will be paid in cash.

The IDRP also provides the unitholders the option to reinvest the entire Electable Portion or part of the Electable Portion based on the proportion as determined by the Board. In this regard, the Board has also determined the proportion of the Electable Portion in which the unitholders can elect to reinvest in new units will be 1.00 sen per unit (which is taxable in the hands of unitholders) of the Electable Portion, and the remaining 1.10 sen per unit (of which 1.00 sen per unit is taxable and 0.10 sen per unit is non-taxable in the hands of unitholders) of the Electable Portion will be paid in cash. If the unitholders elect not to participate in the IDRP, then the Electable Portion will be paid wholly in cash.



based on my understanding on the announcement la....

i think u can only choose to reinvest either :

a) full reinvestment, i.e. 2.10sen per unit (gross) or,
b) partial reinvestment, i.e. 1.00sen per unit (gross)

no other amount d... because the "or part of the Electable Portion based on the proportion as determined by the Board"


if u have 20k units, u can:

a) reinvest RM380 @ RM2.30/unit = 165 units
b) reinvest RM180 @ RM2.30/unit = 78 units


yong417
post Oct 20 2011, 10:12 PM

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Added on October 20, 2011, 10:13 pm
QUOTE(cherroy @ Oct 20 2011, 04:32 PM)
Yes, unless tenant "close shop".
The rental will be revised every 5 years, up 10% if not mistaken.

Without any further new injection of properties and nothing unforseen circumstances, the yield will be roughly the same, throughout, roughly 6.7~6.9 cents.
I don't quite remember exactly, but roughly the figure.

Reit yield only can go up
1. Rental revision to upwards.
2. More better yield properties being injected.
3. More leverage. (which Stareit is one of lowest gearing among all the reit listed here).
4. Leverage cost become cheaper due to cheaper refinance cost/interest rate.
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ooo... seems like STAR is a good buy then rclxms.gif

This post has been edited by yong417: Oct 20 2011, 10:13 PM

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