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SAMUDERA SHIPPING LINE LTD
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starbugs
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30-Jun-2020 11:02
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The final distribution would be comprising the Apr to Sep 2020 distributions (probably ~1.5c/unit) and any cash left over. Ascendas HReit also gave that before it merged with Ascott. This is separate from the JPY1.2b special reserve (~1.4c/unit). So total we should get is 71+1.4+1.5=73.9c minimum. I think this still undervalues AGT.
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Calmroom
Master |
30-Jun-2020 10:39
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Guys and gals, remember what happened to Saizen Reit AFTER it became a cash shell? The RTO attempt caused the ' shell' price to rocket to the moon on speculation. So maybe if we accept this lousy offer, we could have a chance to earn a 2nd round of BIGGER PROFITS? :P
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prophetjul
Master |
30-Jun-2020 10:33
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has offered to buy all of its 88 golf courses at a price that&rsquo s equivalent to S$0.732 per unit. This is a 5.1% premium to the net asset value of Accordia Golf Trust. Presumably the net asset value includes any cash in the trust.
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Goldfinger
Supreme |
30-Jun-2020 10:27
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It can be blocked, so long as Hibiki and Daiwa do not play ball and throw in the towel. This last sentence in the blog article is useful " Unitholders should expect a final capital distribution when the Trust winds up." What is the size of this final distribution expected to be, based on the cash reserves? Can someone email the Trust Manager to check and confirm?
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Calmroom
Master |
30-Jun-2020 10:24
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Seeing the price drop like this, I will have to listen to Mr Market and cannot vote no. Sad... :(
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gabrielloh87
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30-Jun-2020 10:17
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https://www.drwealth.com/accordia-golf-trust-delisting-offer-of-0-732-likely-to-go-through/ | ||||
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Starship
Supreme |
30-Jun-2020 10:13
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Whatever he needed to say had already been said in his previois blogs on AGT (those links in big green fonts). And from his last few sentences, it looks like he' ll be accepting the offer. With 50% profits on investment excluding all the dividends received over many many years, it does look compelling for him.
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laksaman57
Supreme |
30-Jun-2020 09:05
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https://www.japantimes.co.jp/sports/2020/06/25/more-sports/golf/japan-womens-golf-tour-opens-four-month-coronavirus-shutdown/
"The women's professional golf tour in Japan opened its season Thursday..." |
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prophetjul
Master |
30-Jun-2020 08:43
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Nothing written of substance except ' its undervalued" .
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gabrielloh87
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30-Jun-2020 08:30
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as much as i want this to happen, this is very remote, given that Accordia is already the largest owner of golf courses in Japan and effectively there is only one party which can try to challenge but we saw it has dropped out.
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Goldfinger
Supreme |
30-Jun-2020 07:29
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Yup - best is hibiki mounts a counter offer with other parties.
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Starship
Supreme |
30-Jun-2020 00:13
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Calmroom
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29-Jun-2020 22:46
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No mention that the offer is final or will not be revised. So still got hope. Not sure how Hibiki may react.
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Goldfinger
Supreme |
29-Jun-2020 20:43
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Nice - He has a lot of followers. They will follow his lead. Accordia would have to up the price or walk away. Did they say anywhere that this was the final offer and they will not be revising?
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Starship
Supreme |
29-Jun-2020 19:37
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AK71 of ASSI has spoken!!!: Accordia Golf Trust: $0.732 offer. Monday, June 29, 2020 http://singaporeanstocksinvestor.blogspot.com/2020/06/accordia-golf-trust-0732-offer.html |
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Goldfinger
Supreme |
29-Jun-2020 18:29
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Wah - so tempting - I can also go and buy a small one in Japan from AGT (outside big city) and build myself a mansion with a golf course view and also charge fees for golf course use. Who do these goons think we are. Quite insulting really.
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Starship
Supreme |
29-Jun-2020 17:25
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They get the deal done quickly. Then next year Tokyo Olympics they' ll laugh all the way to their bank..... 
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laksaman57
Supreme |
29-Jun-2020 17:13
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I think they will try to get it done asap. The longer it take, the more publicity of unitholder discontent and greater chance of internation parties taking notice and publicly show interest. No one really know how they go about inviting bid and reaction to bidder. SGX should step in to ask for greater transparency since it is a related party transaction.
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pkli899
Supreme |
29-Jun-2020 17:07
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Can u imagine, freehold golf course at average less than 10m each. The infrastructures, the amenities etc in each golf course already worth more than that in my opinion. Don' t tell me all badly maintained, very run down, worthless.... 
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laksaman57
Supreme |
29-Jun-2020 16:58
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Hopefully SGX can step in and throw a couple of questions to the trust mgr and that will help encourage other interested buyers. A single buy of so many golf courses is definitely a rare opportunity for any fund. | ||||
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