Isetan

Isetan

Postby behappyalways » Thu Aug 17, 2017 3:26 pm

血要热 头脑要冷 骨头要硬
behappyalways
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Re: Isetan

Postby winston » Wed Sep 11, 2019 9:10 am

not vested

CLARIFICATION ANNOUNCEMENT ON BUSINESS TIMES ARTICLE DATED 10 SEPTEMBER 2019

https://links.sgx.com/FileOpen/Isetan%2 ... eID=578015
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Isetan

Postby winston » Wed Sep 11, 2019 1:09 pm

vested

Sep 10, 2019

Isetan halts trading after shares jump 9.6% on report SGReit to buy over its Wisma Atria stake

The BT report said that SGReit's manager, part of the YTL Group controlled by Malaysian tycoon Francis Yeoh, issued a letter of intent to Isetan more than a month ago , to open talks on acquiring the Japanese firm's share in the shopping mall.

It is also believed that, to close is grip on the property, YTL Starhill Global Reit Management has signalled that it is prepared to offer more than $290.7 million - the fair value of Isetan's investment stake in Wisma Atria as at the end of 2018, as determined by an independent valuer.




Source: Business Times

https://www.straitstimes.com/business/c ... -sgreit-to
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Isetan

Postby winston » Thu Sep 12, 2019 8:26 am

vested

41m Shares
If Wisma Atria is sold, Isetan will get Sin$290m (Sin$7/Share)
Existing Cash Per Share: Sin$100m (Sin$2.40/ Share)
Total Cash Per Share: Sin$9.40

Share Price (Sept 11): Sin$5.20
Discount to Cash: 55%

Is my calculation correct?

What am I missing?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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