SPH   

SPH

$4.27... Falling knife....:(

 

Good one! One polar bear equals 8 bulls! ALso just kidding!

 

SPH's adopted Polar Bear in its new $8 million enclosure...

One suggestion: SPH could consider adopting  several bulls in our zoo to bring more  good luck to the company & our market. Just for some laughter. (Not vested)

 

At current price which is below 4.35 can start buying.

 

This morning there  was a match up of over 6M shares at $4.32.I think this is the support base.

Barring unforeseen turbulence,any price below this is a good buy.

 

GSS is coming....

 

From now till the special dividend date, still far far away. We don't know what will happen. Cheap stocks can be cheaper.

 

Market is panic on the back of potential un-winding of monetary stimulus and rising interest rates, the long awaited sell-off in the REIT sector has finally arrived. However, soft US data showed QE staying on.  The selldown has been broad-based and even quality REITs have not been spared. IMO,SPH reit structure is different from the main stream reit and would not be that badly affected.Any drastic correction is an opportunity to collect.Special and usual dividends  add up to 24cents payable ard Oct 13 could give support to this counter. 

 

back to square 1

 

Singapore Press Holdings

Reward Shareholders in the Long Term

1) free up capital for future growth,

2) create a more efficient platform for the holdings of investment properties and

3) generate management fee income for SPH.

Maybank Kim Eng  maintains  a BUY call and target price SGD4.95.

Read nore http://research.maybank-ib.com/pdf/document/SPH_REIT_290513_4379.pdf

 

..reit has lost its magic.

 

Not looking good in the near term until the REIT is approve during AGM

 

OMG, SPH rise to fast and too furious. Time to take a rest....

 

Crazy. why the price keep drifting down to just before the reit announcement.

 

Last yr Oct   paid 17 cents dividend + mid yr 7 cents. Total 24 cents

Richman      ( Date: 29-May-2013 14:16) Posted: That will be nice... 18 cents plus 9 cents Hope for the best! Juzztrade      ( Date: 29-May-2013 10:30) Posted: Special Dividend plus reuglar dividend coming this October Vested

 

That will be nice... 18 cents plus 9 cents

Hope for the best!

Juzztrade      ( Date: 29-May-2013 10:30) Posted: Special Dividend plus reuglar dividend coming this October Vested WanSiTong      ( Date: 28-May-2013 13:29) Posted: EGM on 18 June  to approve  : 1.THE PROPOSED ESTABLISHMENT OF SPH REIT AND THE INJECTION OF THE PARAGON PROPERTY AND THE CLEMENTI MALL INTO SPH REIT 2. Special dividend of 18 cents

 

Special Dividend plus reuglar dividend coming this October

Vested

WanSiTong      ( Date: 28-May-2013 13:29) Posted: EGM on 18 June  to approve  : 1.THE PROPOSED ESTABLISHMENT OF SPH REIT AND THE INJECTION OF THE PARAGON PROPERTY AND THE CLEMENTI MALL INTO SPH REIT 2. Special dividend of 18 cents WanSiTong      ( Date: 28-May-2013 13:22) Posted: IPO for the REIT around early Jul

 

With regards to group's REIT listing, Deutsche Bank estimates that SPH is anticipated to receive c.$1.05b in net cash proceeds. This is based on the assumption of:

i) an offering size of $540m

ii) a market cap of $2.2b for SPH REIT

iii) SPH REIT debt of $900m, less IPO expenses and amounts due to minority interests, etc

The cash proceeds translate into $0.66 per SPH share. Related to this, SPH has proposed an $0.18/share special dividend (cash) to shareholders, amounting to $290.9m. At current share price, this equates to an additional potential c.4% dividend yield.

Post the spin-off of Paragon and Clementi Mall, SPH will continue to receive recurring management fees and dividends from SPH REIT. Based on initial assessment, DB estimate SPH will be able to maintain ~5% ordinary dividend yield by raising its payout ratio and/or with the help of proceeds from the property asset divestment.

The underlying SPH stock would essentially be a structurally challenged media asset. Proceeds from the property asset sale could allow SPH to expand its presence in new media.

 

EGM on 18 June  to approve  :

1.THE PROPOSED ESTABLISHMENT OF SPH REIT AND THE INJECTION OF THE PARAGON PROPERTY AND THE CLEMENTI MALL INTO SPH REIT

2. Special dividend of 18 cents

WanSiTong      ( Date: 28-May-2013 13:22) Posted: IPO for the REIT around early July scage11      ( Date: 28-May-2013 11:39) Posted: Does anyone know around when will this special dividend of $0.18  given out? Dec time

 

IPO for the REIT around early July

scage11      ( Date: 28-May-2013 11:39) Posted: Does anyone know around when will this special dividend of $0.18  given out? Dec time? Octavia      ( Date: 27-May-2013 22:16) Posted: SPH shareholders will get to enjoy the best of both worlds: The Special Dividend of 18cents will reward shareholders for their investment in the SPH Group and through SPH's stake in SPH REIT, they will continue to benefit from the establishment of SPH REIT. Huat arh to those vested.