10% DRP Discount ? KPF @ 7.5%

[Contrarian]

Gidday

Kermadec Property doing 7.5% discount for next DRP.

In view of SPP placements being done at -10% & more we might see more generously discounted DRPs

[fungus pudding]

Gidday

Kermadec Property doing 7.5% discount for next DRP.

In view of SPP placements being done at -10% & more we might see more generously discounted DRPs


Yuk! I hate these schemes that do little more than dilute the EPS ratio.

[Paper Tiger]

KPF is possibly the only property fund whose share price is showing no signs of recovery (even NAP is climbing for goodness sake) and I would speculate that they need to preserve cash but do not want to come out and say that.

regards
Paper Tiger

Disc: Currently hold units in GMT,ING & NAP