2. AHP2 Shareholder Revolt and subsequent delisting in 2009 (just before the 3-year-long uptrend)
http://www.bursamalaysia.com/market/listed...lphabetical=All
QUOTE
Unitholders, in a meeting last month, approved the extraordinary resolutions to terminate the property trust due to poor performance of AHP2 since listing in 1997 at an offer price of RM1.28 per unit. The termination was proposed in January by unitholder Lo Kok Kee, who represented a group of unitholders of no less than 50 members. Lo, in his letter of proposal, said the property portfolio depreciated a cumulative RM13.8mil since listing, leading to the trust’s depreciation in value of 17% after 11 years.
QUOTE
In addition, gross distribution yield for the past four years was between 5.1% and 6.3%, which was lower than the average income distribution yield of listed real estate investment trusts of 6.1% to 8.4% over the last five years.
- From http://protradeshares.com/bursa-news/340/a...h.MHSRbH9n.dpuf
So basically, 50 people triggered a delisting of the REIT because it lost 17% after 11 years (1.54% a year) when they were collecting
5.1% to 6.3% in dividends.
50 people forced a delisting because they were making a profit of 3.6 to 4.8%.. and they did it just before the bull run
This post has been edited by wodenus: Nov 19 2014, 12:12 AM
Nov 18 2014, 11:50 PM, updated 12y ago
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