meek-investor

After successful listing of SPH Reit, good news for SPH shareholders is the proposed SGD0.18 special dividend will be paid out on 16th August. The payout is attractive as it amounts to 75% of SPH’s FY12 payout and will potentially boost SPH’s FY13 dividend yield to beyond 9%. Cheers to all SPH shareholders.

After missing out on the Mapletree family and Cache IPOs, finally I got lucky this time and received 1 lot allocation of SPH Reit. Actually  I have just applied for 1 lot at the ATM as I did not want to waste time transferring money over to my POSB a/c as I expected SPH Reit to be many times over-subscribed. SPH Reit was offered at 90 cents apiece at the top end of its price range and indeed it turned out that the stock was 37 times subscribed. I have 1 lot now and I intend to hold it long term and accumulate more in the future. The shares jumped 9.4% to 98.5 cents at the close of trading today. SPH REIT debuts at 9% above IPO price Wednesday, 24 July 2013 © 2013 - The Edge Singapore

Finally, SPH Reit is coming soon.  Although the market sentiment has changed quite a lot since when SPH first announced that they are listing a REIT. Still, Paragon and Clementi Mall are prime shopping malls and I would love to add SPH Reit to my portfolio. Also, special dividends from SPH is coming after successful listing of SPH Reit. SPH REIT to raise up to $504mil in IPO Tuesday, 09 July 2013 © 2013 - The Edge Singapore

SPH is one of my anchoring stocks in my stock portfolio.  The company just announced plan to list a real estate investment trust in July.  The REIT will buy Paragon and the Clementi Mall located in a western suburb for $3.07 billion.  Seletar Mall probably will get on the REIT in 2014 after completion. SPH has been generous with dividend payouts over the years, and hopefully this will also be true for this SPH REIT.  I think I will need to build up my war chest for July action. Although I am a bit disappointed that existing shareholders of SPH are not given any free shares of the new REIT, a one-time dividend payment of 18 cents a share eases some disappointment. An article about the coming REIT: --> Singapore Press plans to raise $540m in retail REIT IPO Monday, 27 May 2013 © 2013 - The Edge Singapore