Shares & Derivatives
A quick look at LMIR’s new deal. Is it a good deal?
By Sillyinvestor  •  September 15, 2014
Some numbers first. Total dilution assuming 40.5 cents for consideration shares and after placement of new shares (EFR shares) = 16.7% Improvement in NPI using 2013 numbers: 33.6 mio / 143.3 mio =  23.4% Improvement in Distributable Income using 2013 numbers: 19 mio / 73 mio =  26% Occupancy rate = 92.8% Note: It is high enough number with room for improvement. It is newly opened in 2012 and if you compare this with Pluit Village record, it is being filled up quite quickly. It is part of a integrated development by lippo, with hotels, Spa and hospitals. I think an eco-system concept is important, it is the only mall in the integrated development. Competition should be manageable since it is located in South Jakarta, which the Jakarta Mall Moratorium covers. The Infinity (Kemang Village)  and  The Intercon (Kemang Village) were just ......
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By Sillyinvestor
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