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MIIF
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Leftie
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17-May-2013 00:10
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the entitlement CE is around $0.44 per lot of MIIF Wonder will MIIF open at 0.18-0.22 tomorrow? |
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JGartside
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16-May-2013 22:36
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May trade up given sentiment but do not stay around the well too long or think too much...do the homework.  Flowers are nice. Candy is dandy. But, cash is king.  Oh yes,       Good luck...    |
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Trouble
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16-May-2013 22:14
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  saw this below... will it not crystallise...   |
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Quantico
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16-May-2013 22:09
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Given current market conditions, APPT units likely to trade above IPO price of 97 cents upon listing. Hence, better to take units. Only trouble is the odd lots. | ||||
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Trouble
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16-May-2013 20:50
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Thanks... that means hv to sell very low... | ||||
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lewfys
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16-May-2013 19:36
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Tomorrow @ 9am | ||||
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Trouble
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16-May-2013 19:29
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Sorry can advice when can I start to sell miif stock and having divestment cash entitlement. Thanks | ||||
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lewfys
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16-May-2013 19:09
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  APTT   Entitlement = ( MIIF share *  525,866,849 ) / 1,149,857,154  For Cash Election = APTT Entitlement * 0.97   |
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Leftie
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16-May-2013 14:56
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IPO price for APTT is $0.97   As for the units, im not too sure what they mean by base offer at 1.39 billion units.   Thanks OldFlyingFox & JGartside for info. Now just have to see how much MIIF is going to drop tmr. |
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JQ7227
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16-May-2013 12:54
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think the price is around $1. according to news in bloomberg | ||||
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oldflyingfox
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16-May-2013 12:38
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Thanks JGartside, still waiting for the IPO pricing to be out today. And need to decide by tomorrow whether to opt for cash as the form has to reach them by next Tuesday, 5pm. | ||||
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JGartside
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14-May-2013 23:25
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Leftie and all your Friends What you need to do is valuation of your MIIF share vs. a valuation of APTT share.  (Do not count number of old shares vs. number of new shares. It is as good as counting all marbles as same size.) Want one way? Here it is: look at valuation of TBC in MIIF 20 February, 2013 Circular (You remember this, don't you? It has the CIMB proposal to pay bonus to MIMAL.), take this number and divide by 47.5%, then compare this number to equity valuation of APTT. Allama, the APTT valuation is higher! So good for you, no? Really? Your ownership of TBC in APTT will be less than your ownership of TBC in MIIF.  Why? Because APTT needs to raise close to $300 million extra to pay contingent liabilities, such as debt, refinancing fees, management compensation, taxes and underwriting fees to bankers. So check that without the extra money from IPO, there is little or no money for dividend in first year. Find your answers in the APTT IPO prospectus. If in doubt, call SIAS and they may be able to help. |
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oldflyingfox
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14-May-2013 22:38
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MIIF will continue as there are still other asset waiting for sales, I think it will trade at NAV price. | ||||
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Leftie
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14-May-2013 22:07
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Hi OldFlyingFox, If get odd lots, can sell your odd lots on " unit share" Best would be to sell with mother share on same day for amalgamation MIIF will start trading again on 17th may Friday. After the APTT is listed or cash payout, will MIIF counter be delisted? |
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oldflyingfox
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14-May-2013 15:56
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I have got the letter this afternoon. Just wondering if  opt for  the ipo share, most likely will be in odd numbers, can I trade in odd numbers so that it will become a proper lots? | ||||
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oldflyingfox
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13-May-2013 17:11
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The IPO price and the number of units will be determine on 16 May, so I will wait till than to decide which options to take. It also mentioned that there will be calculator provided in MIIF website by then.   By the way, how is the performance of the IPOs for this month? |
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JGartside
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13-May-2013 13:15
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Look at your mail. Time to act.  You MUST make a decision on portional unit or cash. Default is units.  Don't like cash or units? You can sell only when listed.  No, the price of a units has not been set. See 4th and 5th April Circulars. Today from MIIF (see full statement here http://www.4-traders.com/MACQUARIE-INT-INFRASTRUC-6497949/news/Macquarie-Int-Infrastructure-Fund-Ltd-MIIF-Announces-Despatch-of-Notice-of-Cash-Election-16841112/): " Shareholders who do not exercise the Cash Election will have the number of MIIF APTT Units comprised in their Entitlement allotted to them and (in the case of Entitled Depositors) credited to their respective Securities Account. Shareholders who exercise the Cash Election will receive the cash amount equivalent to the initial public offering price of the Units multiplied by the number of MIIF APTT Units comprised in their Entitlement (the " Cash Distribution" )." |
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Leftie
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07-May-2013 23:43
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so its price will be around 0.20+ after XE.   Most likely will opt for cash. ok, will keep track of the related ipo.   (read sgx announcement but dont understand most of the terms and " english" used.)
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oldflyingfox
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07-May-2013 16:24
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I think so but I  have a feeling that  the entitlement should be more than $0.408, let see how much the pricing of the ipo and then decide whether to take cash or new share. I think the interest and focus will shift to the new ipo after that, the share of the MIIF can just put one side  until the news of  the other asset sales or new dividend. 
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JGartside
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07-May-2013 13:07
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MAS Comments system down and the shares are suspended. Charming. If you have comments, you need to post to webmaster@mas.gov.sg. Or, call MAS and ask for dealing officer in Fund Management and the other is in Capital Markets. And if not, contact SIAS President / CEO David Gerald, who wrote endorsing MIIF management, for help. Good luck. |
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