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With the current price of $530 per lot and dividend mean of $62.9, it will yield 11.69%.
Dividend Pay
Yr 08 - $70
Yr 07 - $59.8
Yr 06 - $59
Mean - $62.9
which mean for every dollar you employ you will gain 0.11cent..
Macquarie Prime REIT renamed as Starhill Global REIT
SINGAPORE: Singapore-listed Macquarie Prime Real Estate Investment Trust (REIT) has been renamed the Starhill Global REIT.
This after Starhill Global REIT Investments bought a 26 per cent stake in the REIT, as well as a 50 per cent stake in Macquarie Prime REIT's manager, Macquarie Pacific Star Prime REIT Management.
Starhill Global is an indirect wholly-owned subsidiary of Malaysia-based conglomerate YTL Corporation.
Tan Sri Dato Francis Yeoh has been appointed executive chairman of Macquarie Pacific Star Prime REIT Management, which will be renamed YTL Pacific Star REIT Management.
Starhill Global REIT's current portfolio consists of retail and office properties in Japan, China and Singapore, which includes properties such as Wisma Atria and Ngee
YTL buys 26% of Macquarie Prime Reit
By
CHEW XIANG
Malaysia's YTL Corp Bhd on Tuesday bought Macquarie Bank's 26 per cent
stake in Singapore-listed Macquarie Prime Reit for $202.6 million, a 49
per cent discount to the Reit's net asset value.
The deal, which works out to 82 cents per unit, is at a 17 per cent
premium over its 30 day volume weighted average price and 52 per cent
over its last traded price.
YTL also bought over Macquarie
Bank's 50 per cent share in Prime Reit Management Holdings, the reit
manager and with its stake in the Reit, will be able to control
operations. The all-cash deal is valued at a total of $285 million.
mmp reit offers good yield >6% at current price. price might have dropped due to offloading by reit mgr given a large number of units as remuneration. Increase in rental provides good leverage for negotiations with potential suitors.
JPMorgan nudges up Macquarie MEAG Prime REIT target price to $1.08 from $1.06, maintains Underweight call. Broker says recent rental increase for Toshin at Ngee Ann City building was higher than expected; raises DPU estimates by about 5% to reflect lease review. Notes strategic review, prompted by the unsolicited offer in early February, is still ongoing with latest updates suggesting trust is still assessing various alternatives. Broker says pricing is key to any transaction, expectations of takeover premium should be moderated for now.
morgan stanley bought 6.4 mln units on 6-6-08 bringing its total shareholdings to 105 mln or 11%. sign of good news to come?
price has bounced back. believe the decision to unlock value of wisma atria n takashimaya is coming soon.
Hmm...this one today down 2 cts, could it be due to the RenHe shopping mall it own in China-Sichuan-Chengdu which is subject to earthquake been damaged or shutdown? Any news from anyone? What about its mgmt?
hmm who can mmp merge with ?
Hoho! 1Q08 divds is 1.76cts to be given on 30 May...last day CD at 5 May.
Not bad at all consider projected yield at ~5.76% with FY divds ~7cts.
Here's the latest news from DMG dated 24 Mar 08....
M&As in S-Reit market imminent: Macquarie
Recent developments in the S-Reit market suggest that consolidation has begun and more merger and acquisition (M&A) activity is imminent, says Macquarie Capital Advisers executive director and global head of property group Antony Green. In case there is any doubt, future M&As could turn hostile and will almost certainly grab the headlines. But Mr Green says: 'History shows the first few deals are always friendly.' He believes that the current state of the S-Reit market corresponds to that of the Australian market about 10 years ago. In 1999, the number of Australian-listed property trusts (LPTs) peaked at 46, then slowly dwindled to around 26 today, with the asset pool remaining largely the same.
Consolidation, if or when it is considered by S-Reit players, will be trickier because property assets have surged in value recently, making acquisitions less likely to be yield-accretive. Mr Green says that although yield-accretiveness 'is one of the first tests' when making an acquisition, 'you have to think of total return'. 'There is strategic merit in buying something that in several years' time is going to create more value for you as an investor,' he adds. He also says: 'With a bit of synergy, maybe a management fee waiver of some sort, a bit more or less debt, you can make it positive for both sides.' Mr Green could, of course, be talking about Macquarie MEAG Prime Reit (MMP Reit), which recently announced a strategic review, on which he is advising. MMP Reit could be sold in its entirety or have its underlying assets sold piecemeal. On the attractiveness of MMP Reit, Mr Green says that while it was trading for around $1.05 a unit before the strategic review announcement, its NAV based on the underlying assets had been valued around $1.61 a unit. And at the end of the trading day on Thursday, it closed at $1.19 a unit unchanged. For current investors, however, MMP Reit has not delivered growth.
'A lot of S-Reits have traded on the fact that they will provide growth. MMP Reit, given its cost of capital, struggled to provide the acquisitions and the growth,' Mr Green says. He has no comment on the details of MMP's strategic review, but says it is in Macquarie Group's interest not to sell its 26 per cent independently but to seek an offer for all unitholders instead. On consolidation of the S-Reit market and the Reit market in Asia in general, he believes this will make it more 'efficient'. 'Some Reits will disappear and some will go from strength to strength.' Mr Green does not think the S-Reit market has matured yet. But the perception that S-Reits are a growth vehicle is changing. 'Some of that gloss has come off a bit,' he says. 'It is not a bad thing that people realise what Reits actually are and not
what they think they are supposed to be.'
no leh...this wan still fighting strong leh...may be SHORT tomor or next wk...
monitoring KepLand thk got SHORTING opportunities loh....hee
Hi nicky, today got short this one? Too high leh the price, cannot buy now...need your help!
ya lah...SHORTED at 1.25 x5 this morning leh...covered at 1.19..hee...
well..KEPCORP shorted too...i thk i close for the day...
i will be back! tomor..more fun to short...hee...
Pls short it down further so that we can collect more leh...ipo price better still.
Broker says this counter's going to be a takeover target, 1st for a Reit, be careful hor.
well..with no black white gd news in masnet...this kinda of announcement worth sustain price for long wan lah...i will SHORT at the earliest opportunities !! hee...
gd luck !
Just look at its performance.... at this bleeding market, it's the top ten gainers. No wonder the mgmt halt its trading for 2 days. Now I'm aiming for at least $1.5~ target price over the next few weeks or months. Hehehehe..!
any1 shorted ??? hee..
| Time | Last | Vol | Buy/Sell |
| 09:06:43 | 1.210 | 10 | B |
| 09:06:37 | 1.210 | 50 | B |
| 09:06:09 | 1.220 | 19 | B |
| 09:06:07 | 1.220 | 9 | B |
| 09:06:00 | 1.220 | 10 | B |
| 09:05:56 | 1.230 | 5 | S |
| 09:05:52 | 1.230 | 10 | S |
| 09:05:47 | 1.220 | 100 | B |
| 09:05:46 | 1.230 | 10 | S |
| 09:05:17 | 1.230 | 10 | S |
| 09:05:09 | 1.230 | 15 | S |
| 09:04:22 | 1.230 | 1 | S |
| 09:04:22 | 1.230 | 10 | S |
| 09:04:20 | 1.230 | 5 | S |
| 09:03:46 | 1.220 | 3 | S |
| 09:03:32 | 1.220 | 30 | S |
I keen to buy more. hee...
ok...i see SHORT signal !!! ...heee...who dares win !!! :D
"...Macquarie Pacific Star would also like to advise that it will defer the implementation of the unit buyback scheme which was approved by Unitholders on 8 January 2008, until further notice.
"...