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The Company said that it is continuing to monitor market conditions and will make an announcement at the appropriate time (regarding The IPO).
Now market is bullish, IPO on the way soon !! 
Of course NOT.
No REIT, No special dividends.
Simple.
junky_777 ( Date: 28-Jun-2013 10:00) Posted:
| So with the delay in the REIT, will sph still proceed with the special dividend? |
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So with the delay in the REIT, will sph still proceed with the special dividend?
Still early...
A special one-tier tax-exempt dividend of S$0.18 per share in SPH, which
the shareholders will receive in cash on such date as the Directors shall
determine in their discretion after the completion of the Proposed
Transfers
pantoo ( Date: 28-Jun-2013 00:01) Posted:
Did SPH announce the CD/XD date of the special dividend? anyone knows?
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Did SPH announce the CD/XD date of the special dividend? anyone knows?
OK ! break 4.20
Actually, their decision to list SPH Reits as early as 3rd Jul looks unlikely now since they miss the timing of the lodgement of the preliminary prospectus this week due to deteriorating market condition - no thanks to PRC.
But the window of opportunity to list is still available within July or even Aug. The management could decide to cut the IPO size further to say 15-20% from ~30%.
moving liao! 4.17
WanSiTong ( Date: 26-Jun-2013 09:22) Posted:
Keep stock, Buy at low !!
WanSiTong ( Date: 25-Jun-2013 17:41) Posted:
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ANNOUNCEMENT
Singapore Press Holdings Limited (the “
In response to media queries on the timing of the lodgement of the preliminary prospectus of SPH REIT with the Monetary Authority of Singapore, the Company said that it is continuing to monitor market conditions and will make an announcement at the appropriate time.
Company”) refers to its announcement on 27 May 2013 in relation to the receipt of the eligibility-to-list letter from Singapore Exchange Securities Trading Limited (the “SGX-ST”) in connection with the proposed initial public offering and listing of SPH REIT on the Main Board of the SGX-ST. |
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Keep stock, Buy at low !!
WanSiTong ( Date: 25-Jun-2013 17:41) Posted:
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ANNOUNCEMENT
Singapore Press Holdings Limited (the “
In response to media queries on the timing of the lodgement of the preliminary prospectus of SPH REIT with the Monetary Authority of Singapore, the Company said that it is continuing to monitor market conditions and will make an announcement at the appropriate time.
Company”) refers to its announcement on 27 May 2013 in relation to the receipt of the eligibility-to-list letter from Singapore Exchange Securities Trading Limited (the “SGX-ST”) in connection with the proposed initial public offering and listing of SPH REIT on the Main Board of the SGX-ST. |
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Wall Street Journal reported that Singapore Press Holdings (SPH) has delayed its planned initial public offering of its real estate investment trust (REIT), due to weak global markets. SPH REIT is unlikely to be listed in early July as originally planned. This could send knee-jerk reactions to both SPH and Overseas Union Enterprise (OUE) share prices in the near term, given that both names had been re-rated upwards amid expectations of their prospective REIT listings. In addition, both stock charts of SPH (Exhibit 1) and OUE (Exhibit 2) are showing signs of weakness on the RSI indicators. In particular OUE’s stock chart has broken down from its 200-Day moving average.
ANNOUNCEMENT
Singapore Press Holdings Limited (the “
In response to media queries on the timing of the lodgement of the preliminary prospectus of SPH REIT with the Monetary Authority of Singapore, the Company said that it is continuing to monitor market conditions and will make an announcement at the appropriate time.
Company”) refers to its announcement on 27 May 2013 in relation to the receipt of the eligibility-to-list letter from Singapore Exchange Securities Trading Limited (the “SGX-ST”) in connection with the proposed initial public offering and listing of SPH REIT on the Main Board of the SGX-ST.
Would love too but I think it is better to wait until the reit is listed.Rumour said it might be delayed.
WanSiTong ( Date: 25-Jun-2013 11:43) Posted:
last done : $ 4.12
Pick durian !!
Octavia ( Date: 24-Jun-2013 11:02) Posted:
| Technicals do not look positive in the near term with the main indicators indicating that the downtrend could continue as the RSI and stochastics are moving towards the oversold region. The counter was not able to break the 50MA recently on 18 Jun and had moved downwards past the 20MA. The current support levels are at $4.12 and $4.03 thereafter. |
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last done : $ 4.12
Pick durian !!
Octavia ( Date: 24-Jun-2013 11:02) Posted:
Technicals do not look positive in the near term with the main indicators indicating that the downtrend could continue as the RSI and stochastics are moving towards the oversold region. The counter was not able to break the 50MA recently on 18 Jun and had moved downwards past the 20MA. The current support levels are at $4.12 and $4.03 thereafter.
Octavia ( Date: 18-Jun-2013 12:26) Posted:
Hope to pick up some at $4.20 or lower. |
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sph REIT not likely in july. uuuuuuuuuuuuuuuuh
Technicals do not look positive in the near term with the main indicators indicating that the downtrend could continue as the RSI and stochastics are moving towards the oversold region. The counter was not able to break the 50MA recently on 18 Jun and had moved downwards past the 20MA. The current support levels are at $4.12 and $4.03 thereafter.
Octavia ( Date: 18-Jun-2013 12:26) Posted:
Hope to pick up some at $4.20 or lower. |
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I will buy when it hits $4.00. Now stay sidelines.
DMG analyst view
SPH shareholders have overwhelmingly backed the group's decision to list SPH REIT and pay a special dividend. During an extraordinary general meeting (EGM) on Tuesday morning, the first resolution to establish SPH REIT and inject Paragon and Clementi Mall assets into the REIT was carried with 99.79% approval.The second resolution of a SGD18 cent per share special dividend payout to shareholders was also passed with interests of 99.94% of shares voted in favour, which was conditional on the first resolution being passed. This outcome does not come as a surprise to us as we had expected that the special dividend payout would suffice to entice shareholders to vote in favour of SPH REIT’s listing. The payout is attractive as it amounts to 75% of the company’s FY12 payout and implies a boost to the stock’s FY13 dividend yield to 9.7%. However, our concerns lie on the accretive use of the proceeds raised. Maintain SELL with our SOTP TP of SGD4.00.
Guess factored into price aready .... treat it as a long term dividend stock should be good
Why got knocked down since this is a very good deal? Morning was full of optimism.
Goldfinger ( Date: 19-Jun-2013 08:39) Posted:
| The passing of the resolution to proceed with SPH Reit with such an overwhelming margin is likely indicative of how good a deal this is for existing SPH shareholders.. Vested |
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