Macquarie Intl   

MIIF

Anyone got News on MIIF result or dividend payout date for up to June 2006?

Retiree need pocket $$$

 

Macquarie International Infrastructure Fund Limited


?This is an extremely attractive investment for TanQuid. The sites generate stable and
predictable revenues, a significant portion of which are backed by long-term, government
contracts. There is also a substantial portion of long-term higher margin non-government
contracts in the revenue base. The customer mix produces yields that are very attractive
for MIIF, and will be accretive to the overall equity returns from TanQuid. We are very
pleased to have secured this asset and now look forward to the extra value it will generate
for MIIF shareholders.
?MIIF?s current dividend guidance of 7.952 cents per share for 2006 represents a trading
yield of 9.3%3, which will be tax free in the hands of most Singapore resident investors.
Acquisitions such as this provide an excellent platform for growing dividend payments to
our shareholders in the future,? Mr Osborne said.
Completion is expected to occur by the end of July 2006, following the satisfaction of
certain conditions including merger clearance.
About MIIF
MIIF is an infrastructure fund formed to own, operate and invest in a diversified group of
infrastructure businesses around the world. MIIF is managed by a member of the
Macquarie Bank Group, which manages more than 94 infrastructure assets worldwide.
MIIF is listed on the Singapore Stock Exchange.
For further information, please contact:
INVESTOR ENQUIRIES MEDIA ENQUIRIES
Stuart Green Kathryn Hanes
Head of Investor Relations Corporate Communications, Singapore
Tel: (61 2) 8232 8845 Tel: (65) 9247 8677
Email: stuart.green@macquarie.com Email: kathryn.hanes@macquarie.com
=====================================================
O=3.95 cents per share for the six months ending 30 June 2006, and 4.00 cents per share for the six months
ending 31 December 2006.=
P=Based on the MIIF share price of $0.855 as at 19 June 2006.

 

20 June 2006
SGX-ST ANNOUNCEMENT/MEDIA RELEASE
=
Macquarie International Infrastructure Fund Limited (?MIIF?)
ACQUISITION OF FOLLOW-ON OIL & CHEMICAL TANK STORAGE
PORTFOLIO IN GERMANY
=
Key points:
? VALUE ACCRETIVE ACQUISITION OF EIGHT TANK STORAGE SITES
? EQUITY YIELDS IN EXCESS OF 12% EXPECTED FROM ACQUISITION
? MIIF IS PAYING A YIELD OF 9.3%, TAX FREE FOR SINGAPORE RESIDENTS
Singapore ? 20 June 2006: TanQuid, a wholly owned subsidiary of MIIF, has agreed to
acquire a portfolio of oil and chemical tank storage facilities from Petroplus International
B.V. (?Petroplus?). TanQuid is the largest independent tank storage business in Germany.
The acquired portfolio consists of eight tank storage sites located primarily in the key
industrial region of the Ruhr-Rhine in western Germany. All sites are located with access to
a variety of transport links, providing a unique strategic advantage over other storage
facilities. The purchase price is ?33 million (S$65m), with equity commitment from MIIF of
?13.2 million (S$26m) to be funded from existing MIIF standby debt facilities. MIIF
forecasts that the business will generate a growing five year average cash yield in excess
of 12%, and an accretive internal rate of return. TanQuid now comprises approximately
9.3%1 of MIIF?s diverse infrastructure portfolio.
Following the acquisition, TanQuid will operate oil and chemical storage tanks at 18 sites in
Germany, consolidating its position as Germany?s largest independent tank storage
business, with market share increasing from 22% to 25%. The management team of the
acquired sites will also be integrated into TanQuid, and bring with them their portfolio of
unique clients.
Mr Gregory Osborne, the Managing Director of MIIF?s Manager, said ?This acquisition
demonstrates MIIF?s commitment to sourcing and securing consolidation opportunities for
our existing assets that further strengthen their cash generating ability, and provide even
more growth in future cash flows.
=====================================================
N=Based on 31 December 2005 portfolio valuation as disclosed in the audited 2005 MIIF Annual report.=

 

yield is very good at current prices..n MIIF should snap out of its downtrend soon..my take is after the world cup..but its anybodys guess..:)

 

General mkt weakness...thats why it went down. Read today's SGX announcement... Co. reiterates it DPU for FY2006.....3.95cts and 4.00 cts for 30 Jun and 31 Dec.

 

MIIF has hit all time low yesterday at 81 cents. Does anybody know why this stock has gone down so drastically from 88 cents to 81 cents these few days, other than the reason of Fed Rsv interest hike. Thank you.

 

well..MIIF hedges its foreign exchange rates..so not too concerned bout dat..its juz the feds decision on interest rates dat will probably contribute to its performance in the near term..:)

 

The revenue of this fund is about all generated oversea in foreign currency. The strength of Sing dollar in comparision to US dollar and Euro will definately erode the profit.

If you want to hold something which can generate generous divident, I am sure you don't want to have capital lost.

By the way, I have invested in MIIF too. This is started as long term investment. Look at it now, it going to be my ultra long term investment.

 

haha..dun have to be a retiree to be a dream investment..its undervalued and have very high div yields at current price..its at a good bargain and it coincides with the Great Singapore Sale..very appropriate..haha..

 

MIIF @ 88 cents is RETIREE Dream Investment.

Retiree can hold for longer for Capital Gain, otherwise collect Dividend.

In the form of 3.95 & 4 cents for both Half of 2006.

So Far So Good The Management @ MIIF.

 

pretty confident bout the company..they r performing well so far in delivering performance..catalyst could be more acquisitions..they have funds set aside for that..n other catalysts will be interest rates settling down..
:)

 

I dun think it will be under the forecast..all the company reprts they vested in posted earnings above expectations..so if it should deviate from forecast first half div should be more than 3.95cents..heh..but then again we can all just hope for the best..loaded up more @88cents yest to average down..
:)

 

Price seems to be supported at the 88cts level.

My strategy is to lock in some at this price....don't use all the bullets, then if it goes down, pick up some more to average down.

When Co announces its half year DPU (30 Jun) sometime in July, I am sure there will be some uptrend.....unless DPU is below forecast....also Vested.

 

My view is it looks pretty undervalued currently and at current yields it is one of the best in Singapore..Just woried seeing it being battered quite badly over the past week..Vested (:  

 

Forecast DPU for 2006 is 3.95cts (30 Jun)and 4.00cts (31 Dec) making it 7.95 cts for 2006.

@ Friday's closing (88cts) and on an annualised basis(assume bought on Fri), yield is about 12%.

NTA $1.03....good defensive and yield play. 

 

this stock has been beaten down pretty badly..n div yields at this price is very attractive..almost 9%! any comments regarding this stock?

 

any comments from the experts?very bullish performance today.. Fundamentals are solid with excellent div yield.. TA wise all seems very bright.. very strong performance today.. I am still learning though.. Any insights on direction?

 

hee..thanks gallen..ur write up was very helpful..i am rather new to TA so still learning..:)

 

Hi Novocaine, not vested in this one, did a writeup upon request of my viewer :)

 

gd luck to all vested! seems very bullish today..:)