Heard that CitySpring is in talk with Keppel Infrastructure Trust for a possible merger.
I hold CitySpring since its IPO day. It was $0.89 when CitySpring launched its IPO in 2007. My average price for CitySpring is a high $0.65 that CitySpring is enveloped in deep winter in my portfolio for many years. At one time, it lost >50% its initial amount.
I did not get rid of CitySpring because of the regular quarterly dividends which generated about 7-8% yield and also the fact that it comprises just a small percentage of my holdings. Despite the high yield, I did not average down because of the huge debt CitySpring is carrying.
After many quarterly $0.0082 dividends, finally I managed to breakeven on CitySpring in early 2014.
CitySpring owns City Gas, which is the sole producer and retailer of residential gas in ......