-
26-09-2009, 10:36 AM
#521
Ing - ANZ Takeover
I think its a good thing...
Gives the trust a cornerstone share holder with some clout.
Probably allows better decisions to me made by management as
only Australasian influenence's & mind-sets will be in play.
Two Tear Marketing ("we will leand you the $$$ if you lease this property)
One Stop Shop for Bizz operators/starters.
Maybe a better play into O/Seas markets.
...
Down side
ANZ could try to bleed the Property Trust for its own interests...
Allow the Trust to stagnate.
Dilute the shares overtime (through DRP (no buy backs))
....
Will be interesting....
I am not saying all of the above will happen, just opening the debate.
cheers to all
BB
Dis... have a large holding... at this time !!!
-
26-09-2009, 09:38 PM
#522
I hold units in several of the LPT's - principally APT and GMT, but with smaller holdings in NAP, KPF, and ING. The sector is in a recovery stage; of the whole, and looking at the charts etc., I believe that ING offers the best prospects at this point and I intend to increase my weighting accordingly. As to whether the ANZ takeover offers any positives, I couldn't really say. They are retaining the present team, but people can move on of course.
-
27-09-2009, 10:32 AM
#523
Ing
I hope ING & ANZ can come out very quickly with
some sort of assurance to unit holders as to future
direction. Of course they are bound by the Trust
Deed, But that can be amended along with the
management team. Hopefully both will remain intact
as is. Either way they need to say so, IMO.
I am wondering what MFL are thinking at this stage ???
BB
-
27-09-2009, 01:59 PM
#524
ing
Originally Posted by COLIN
I believe that ING offers the best prospects at this point and I intend to increase my weighting accordingly.
I also agree, i predicted the upward move back to historical support at 80c..i believe the share price should be at around 90c which gives investors who buy in at that price an 8.3% return on dividends alone which can be pretty attractive if bank deposit rates continue to be dismal.
as for the recovery in the sector, if property values rise again then NTA will increase and inevitably sp will go up.. i feel like the market has largely been ignoring ing for a while now and only just has come back to it.
the next sets of financials under ANZ's management will be interesting, things of interest may be change in auditors or any related party transactions..
Also interesting to note is that ANZ/ ING have reduced there exposure to GMT..which i think is a good sign if they eventually sell out as it shows they are confident with their own LPT's performance.
and billy im sure in the current environment MFL are just hoping they will still have their jobs
discl: hold a lot of ING, am in it long-term for the yield.
-
07-10-2009, 01:31 PM
#525
-
11-10-2009, 02:05 PM
#526
Trading halt on DNZ
I see DNZ have suspended trading on their shares through Unlisted until the possibility of listing on theNZX is evaluated. Seems to me that they will list soon. Be interesting to see what they will trade at if they do.
-
11-10-2009, 03:37 PM
#527
I suspect DNZ will trade at around their current level 40-45 cents until they get their debt sorted out.
Disc: Hold DNZ
-
17-10-2009, 10:45 AM
#528
Dnz
DNZ Asking for expressions of interest, got my letter yesterday
Hope they put money toward lowering debt.
Would be a good buy if they do.
BB
-
17-10-2009, 11:44 AM
#529
Originally Posted by Billy Boy
DNZ Asking for expressions of interest, got my letter yesterday
Hope they put money toward lowering debt.
Would be a good buy if they do.
BB
Why would it?
We don't even know the price.
Any issue of shares at below the net asett backing will dilute the intrinsic value of the shares you already hold; and they sure as hell will be well below the NTA.
But you can be assured that funds will be used to reduce debt, because they would be crucified if they list with current debt level.
I'd prefer to see them stagger on unlisted for a while, even if they reduced dividends for a while to repay debt.
I doubt that I'd buy anymore in a new issue, although I'll await details. I already own 312,000 and don't see much point in helping to cut my own throat.
-
17-10-2009, 12:57 PM
#530
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks