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Clever? As reits investors, I will call it cunning.
Kepland did it too when they download ppty to Keit recently.
As SPH investors, I will be a little disappointed consider only 18cts per share given out of possible $1b gain.
Goldfinger ( Date: 28-May-2013 08:08) Posted:
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Does anyone know around when will this special dividend of $0.18 given out? Dec time?
Octavia ( Date: 27-May-2013 22:16) Posted:
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Brilliant - something for everyone. The sale of freehold Paragon to the REIT with 99 year lease tenure was very clever. Vested.
Insider info.haha
You can find the info in SGX website.
smltimer ( Date: 28-May-2013 01:08) Posted:
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Octavia .... where you get info?
Yeah. Can plan to take in some lots if the price is ok. Special dividend of .18 sounds good. Take into account of the year end dividend coming up later, may chiong again. Time to party. Cheers.
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.
SPH PLANS LISTING OF A RETAIL REIT
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Paragon and The Clementi Mall will be injected into SPH REIT-
Upon listing of SPH REIT:-o
SPH is expected to hold approximately 70% of the units in SPH REITo
SPH shareholders to receive Special Dividend of S$0.18o
SPH REIT will be one of the largest retail REITS listed in Singapore by asset value-
Landmark transaction to be tabled at EGM at 9.30 a.m. on 18 June for shareholders’ approval.
Proposed special dividend of 18 cents.
Good?
Good?
.look like correction is over .
Sama sama... I did a technical short
Sell @4.65 and buy back @4.25
merlin_magic ( Date: 15-Apr-2013 13:27) Posted:
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Married Deal means off-market transaction
crashburner ( Date: 18-Apr-2013 10:11) Posted:
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Sorry....newbie here. What does "married deal" means?
married deal 1.5M@$4.263.
Notice Of Book Closure Date For Dividend
BackApr 15, 2013
| Notice Type | Notice of Book Closure Date for Dividend | ||||||||||||||||||||||||
| Corporate Action Details (e.g. Rights ratio, dividend ratio, tax rate, etc) | |||||||||||||||||||||||||
| Record Date | 09/05/2013 | ||||||||||||||||||||||||
| Record Time | 17:00 | ||||||||||||||||||||||||
| Date Paid/Payable (if applicable) | 23/05/2013 | ||||||||||||||||||||||||
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STOCKS NEWS SINGAPORE-SPH falls to 1-mth low after Q2 results
346 words
15 Apr 2013
Reuters News
LBA
English
(c) 2013 Reuters Limited
Singapore Press Holdings Ltd (SPH) fell to the lowest in a month after the media and property firm posted a 15 percent drop in second-quarter net profit.
Shares of SPH fell as much as 5.9 percent to S$4.33, the lowest level since March 11. It is the most actively traded stock by value with about 18.6 million shares traded, 3.2 times the average full-day volume over the past 30 days.
SPH reported net profit of S$71.5 million ($57.8 million) for its second quarter, down from S$84.1 million a year earlier, hurt mainly by weaker advertisement revenue.
SPH's core media business is expected to continue facing headwinds, Citigroup said, noting that the company is struggling to turn around falling circulation revenues despite its subscription drive.
Citi added that SPH's property division remains a bright spot, but its contributions were not enough to offset the weakness in the core media business.
CIMB Research downgraded SPH to 'underperform' from 'neutral'.
"We think it is still unclear if spinning off its prized property assets into a REIT creates shareholder value. This, coupled with the weak ad environment, suggests that the recent 10 percent run-up in the share price may be overly optimistic."
However, Maybank Kim Eng maintained its 'buy' rating and S$4.95 target price on the stock. The broker expects a recovery in the next quarter, especially in property advertising revenue.
It added that the proceeds from a REIT spin-off are likely to be reinvested to pursue a better return. SPH could become more aggressive in the property sector or make more acquisitions in areas such as internet and digital media, the broker said.
ok. I have shorted from 4.50 and covered back at 4.36...made a bit of coffee money.
now q to long at 4.31....
SPH: A Short Term Earnings Dip BUY, TP $4.95 SPH’s 1HFY8/13 results were weaker than expected. Government regulations on property and automotive sector badly hurt the ad revenue in those two sectors. However, the earnings dip will not last long in our view, and the dividends track record is sustainable. Maintain BUY with target price unchanged at SGD4.95 based on SOTP methodology. We expect a recovery in next quarter, especially in property advertising revenue backed by the abundant new homes supply in the coming months. We believe that the proceeds from REIT spinoff will be properly reinvested to pursue a better return. SPH could become more aggressive and hard working in property sector. It also could make more acquisitions beyond property sector, such as in internet and digital media field.
...Last Done: $4.370....
What happen to SPH today?????
SINGAPORE, 12 April 2013
Revenue for the Newspaper and Magazine business declined $17.2 million (7.1%) to $224.4 million. This was mainly attributable to a fall in advertisement revenue of $13.9 million (7.6%) to $168.5 million, especially in the property and transport sectors. In addition, circulation revenue contracted by $2.4 million (4.9%) to $47.3 million.
Rental income for the Group rose by $2.2 million (4.5%) to $50.2 million on the back of higher rental rates achieved by Paragon, while income from The Clementi Mall remained stable.
The Directors have declared an interim dividend of 7 cents per share which will be paid on 23 May 2013.