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  1. #221
    Reincarnated Panthera Snow Leopard's Avatar
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    Question Add another company in the portfolio or get out before it happens

    Investore (who thinks up these names?) IPO, Demerger & Acquistion

    Spinning out a bit of the company, IPOing it, and giving existing holders some shares in it.

    I will have to think about that

    Best Wishes
    Paper Tiger
    om mani peme hum

  2. #222
    Reincarnated Panthera Snow Leopard's Avatar
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    Question Is my schedule published on the NZX somewhere

    Investore Property Limited

    Flippin nuisance this.

    If I do nothing then I am going to end up with a reduced STR holding and an inconveniently small holding in Investore.

    But the date range to be in on the offer to buy more is Monday 20-Jun to Tuesday 5-Jul,

    and I am very definitely off the grid until the night of 1-July and even then I will be far from home.

    Apparently the PDS is out but I have not found it yet.

    Best Wishes
    Paper Tiger
    om mani peme hum

  3. #223
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by Paper Tiger View Post
    Investore Property Limited

    If I do nothing then I am going to end up with a reduced STR holding and an inconveniently small holding in Investore.
    I read that it was a one for four issue of Investore (groan) shares for all Stride holders. I don't see any mention of this reducing your
    Str holding? I could be wrong - often am!

  4. #224
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    Quote Originally Posted by Hectorplains View Post
    I read that it was a one for four issue of Investore (groan) shares for all Stride holders. I don't see any mention of this reducing your
    Str holding? I could be wrong - often am!
    I think you're right. That's my understanding but other details that I've seen are skimpy.

  5. #225
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    Red face Sorry should have been clearer

    Quote Originally Posted by Hectorplains View Post
    I read that it was a one for four issue of Investore (groan) shares for all Stride holders. I don't see any mention of this reducing your
    Str holding? I could be wrong - often am!
    Sorry - Reduced value.

    Before:
    you have your 4 Stride () shares

    After:
    you have your 4 Stride () shares and
    1 Investore () share.

    So I expect the value of the to drop by the approximate value of the one .

    Best Wishes
    Paper Tiger
    om mani peme hum

  6. #226
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    Quote Originally Posted by lissica View Post
    It's struggling because they haven't bothered investing after getting resource consent 7 yrs ago. There is NO reason why a revamped mall would not do well. It is perfectly located in the fastest growing part of Wellington.
    I like this restructure.
    One of the reasons i bought STR: they had many large format retail assets. These assets have long lease contracts (average 14.8years!) and they are very stable even in challenging economic conditions.
    AKA they are good stable cash cows.

    Now with the Demerger, it's very likely Investore will have higher valuations due to super long contracts and better gross div yield (7.6%~8% compare to 6.3%).
    The combined value of 1/3 Investore + STR (with 19.9% Investore assets) is likely to be greater than old STR.
    If Investore IPO traded at NTA value, i would like to buy more.

  7. #227
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    Quote Originally Posted by stevevai1983 View Post
    I like this restructure.
    One of the reasons i bought STR: they had many large format retail assets. These assets have long lease contracts (average 14.8years!) and they are very stable even in challenging economic conditions.
    AKA they are good stable cash cows.

    Now with the Demerger, it's very likely Investore will have higher valuations due to super long contracts and better gross div yield (7.6%~8% compare to 6.3%).
    The combined value of 1/3 Investore + STR (with 19.9% Investore assets) is likely to be greater than old STR.
    If Investore IPO traded at NTA value, i would like to buy more.
    How does this work? These properties are currently part of STR's portfolio. Share holders are to be issued 19.9% of the new investore company stapled 1 to 4 with their str shares. Rest of Investore, will be partly held by str and the rest sold to whoever. Have I got that anywhere near right - and if so why would investore shares be stapled to str?? My brain's hurting.
    Last edited by fungus pudding; 11-06-2016 at 08:21 AM.

  8. #228
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    For those that are interested, I believe you can find the PDS and other information for investore here:
    (time to start a new thread?

    http://www.business.govt.nz/disclose...19946573905881

    I am also interested

  9. #229
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    Quote Originally Posted by trader_jackson View Post
    For those that are interested, I believe you can find the PDS and other information for investore here:
    (time to start a new thread?

    http://www.business.govt.nz/disclose...19946573905881

    I am also interested
    Thanks but no joy. That link goes to realme/companies office/page cannot be found. Searching for stride or investore from site search box gives no result.

    Found info on stride web-site.
    http://www.strideproperty.co.nz/
    Investor news/news articles
    Last edited by fungus pudding; 11-06-2016 at 10:41 AM. Reason: added postscript

  10. #230
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    Quote Originally Posted by fungus pudding View Post
    Thanks but no joy. That link goes to realme/companies office/page cannot be found. Searching for stride or investore from site search box gives no result.

    Found info on stride web-site.
    http://www.strideproperty.co.nz/
    Investor news/news articles
    PDS is definitely there... well at least when I go to it, the first offer document is the: Product disclosure statement (for Investore Property Limited)
    Attachment 8104

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