Macquarie International Infrastructure Fund (MIIF)

[Paul Lee]

Thank you so much, Paul. I have absolutely no clue so I will follow your lead and cash out too. Are you going to sell off your MIIF too?

Yes. Of cos, eventually I would. In any case, the fund is winding down; so if an opportunity to offload in the market comes along, I will do it.

 

[Leftie]

Price of MIIF will drop after it begin trading. (how much i dunno)

Just an assumption, if the CE(entitlement is $0.40 per share) and if MIIF price starts trading this Friday (May 17) at $0.43. (close @ $0.63, which is a drop of 0.20)

investors will only get 0.40-0.20 = $0.20 per share right?

 

[w1rbelw1nd]

Price of MIIF will drop after it begin trading. (how much i dunno)

Just an assumption, if the CE(entitlement is $0.40 per share) and if MIIF price starts trading this Friday (May 17) at $0.43. (close @ $0.63, which is a drop of 0.20)

investors will only get 0.40-0.20 = $0.20 per share right?

I think it should drop around 41 cents after entitlement, which is the value of TBC in each share of MIIF. I think you got the numbers the other way around. :/

 

[Leftie]

I think it should drop around 41 cents after entitlement, which is the value of TBC in each share of MIIF. I think you got the numbers the other way around. :/

wow, 0.41 drop from 0.63. Then MIIF will be left with only $0.22 or so when start trading

Then the entitlement better be more than $0.41. Otherwise give 0.41 but drop 0.41 is the same as not giving any CE at all....

 

[w1rbelw1nd]

wow, 0.41 drop from 0.63. Then MIIF will be left with only $0.22 or so when start trading

Then the entitlement better be more than $0.41. Otherwise give 0.41 but drop 0.41 is the same as not giving any CE at all....

We will only know how much entitlement we get tomorrow. If the preliminary prospectus shown gives a dividend yield of 8-9%, which is close to the current yield of TBC in MIIF then i think we will get 41 cents provided that the gearing level remains the same. If APTT took up more debt then we will have more money.

I think MIIF management trying to appease the big shareholders that cannot cash out of their holdings without causing a significant drop in market price. Lets hope that the management try to earn more fees from divestment and help us fight for a good cash entitlement!

 

[Leftie]

@w1rbelw1nd - ya, will see how much the CE will be. Will most likely be holding onto MIIF after everything. Hope for further divestment down the line.

 

[Mad_Stranger]

APTT issue price determined to be $0.97.
But still no news of the number of units MIIF unit holders are getting.

 

[Leftie]

Asian Pay TV prices Singapore IPO at 97cents a unit

"The company set the base offer at 1.39 billion units, but including an overallotment"

Not too sure what it means

 

[pattanispirit]

result is out : -
every MIIF is entitled to $0.4436 if select to receive cash.

it is just slightly better than the $0.408 min valuation announced earlier.

 

[w1rbelw1nd]

result is out : -
every MIIF is entitled to $0.4436 if select to receive cash.

it is just slightly better than the $0.408 min valuation announced earlier.

Itsnt it 44.329 cents per share? At least that is what the example given in the announcement says!

 

[Paul Lee]

APTT PROSPECTUS, OFFERING PRICE AND MIIF APTT UNITS

Even after the divestment of TBC, a dividend guidance of 1.9c is advised for FY2013. That's still more than 5% yield from my purchase price. And considering that my MIIF shares are essentially free with the cash election, I have no problems holding it perpetually.

DIVIDEND GUIDANCE

 

[pattanispirit]

44.36 cts/share is without round off, 44.329 cts is with round off based on 1K share in the example.

the 1.9 cts in "Div Guidance" is inclusive of TBC contribution 0.7 cts.

after divestment, HNE & CXP will contribute on 1.2 cts/share/year.

based on last traded price of 63 cts before suspension, MIIF price logical price to be 63-44.36=18.64 cts.

with 1.2 cts dividend, the yield of MIIF drop to 6.44%

 

[lanzhu60]

44.36 cts/share is without round off, 44.329 cts is with round off based on 1K share in the example.

the 1.9 cts in "Div Guidance" is inclusive of TBC contribution 0.7 cts.

after divestment, HNE & CXP will contribute on 1.2 cts/share/year.

based on last traded price of 63 cts before suspension, MIIF price logical price to be 63-44.36=18.64 cts.

with 1.2 cts dividend, the yield of MIIF drop to 6.44%

For 10 lots of macq shares , how much units would I get for asian tv...? Thanks

 

[w1rbelw1nd]

For 10 lots of macq shares , how much units would I get for asian tv...? Thanks

4570 units. Round lot sucks hahaha

 

[w1rbelw1nd]

Taking cash for the divestment for APTT. Money coming in later!

 

[zened88]

Guys, quick question? If I sell my shares today, I will still be able to recieve my cash payout at the end of the month yeah? Cheers

 

[w1rbelw1nd]

Guys, quick question? If I sell my shares today, I will still be able to recieve my cash payout at the end of the month yeah? Cheers

Yup its for unitholders that still have shares before the suspension of trades!

 

[zened88]

Yup its for unitholders that still have shares before the suspension of trades!

Cheers! You guys selling or holding on, if I may humbly ask?

 

[lanzhu60]

If submit the form for cash tml, stil able to meet the deadline?

 

[Blueglade]

I'm bringing it down personally today...tmr weekends...things may delay. Called up CDP to ask. May take 2-3days.. Don't know if that is the length of delivery.